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Amendment-81-78
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Amendment-81-78
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4. The freotlo f Me! compensation to be prc ed for each year of <br />credited prior and current serhoe as a local miscellaneous member <br />shall be determined in accordance with Section 21251.15 of Said <br />Retirement Law (2% at age 60 Full). <br />5. The fraction of final compensation to be provided Or each year of <br />credited prior and current service as a local safety member shall be <br />determined in accordance with Section 21252.01 of said Retirement Law <br />(2% at age 50 Pull), for those local safety members employed prior to <br />the date of this contract amendment. <br />6. The fraction of final compensation to be provided for each year of <br />credited prior and current service as a local safety member shall be <br />determined In accordance with Section 21252.6 of said Retirement Law <br />(A at age 55 Full), for those local safety members first employed on <br />or after the effective date of this contract amendment. <br />7. The following Additional provisions of the Public Employees' Retire- <br />ment Law which apply only upon election of a contracting agency shall <br />apply to the Public Agency and its employees* <br />8. Sections 21180-21387, (1959 Survivors Program), excluding Section <br />21420 (lncreased 1959 Survivors benefits). <br />b. Sections P1261/2126TO (Post-retirement survivor allowance). <br />C. Section 20970.3 (Militan service credit) as defined in Chapter <br />1417, Statutes of 1974, for those local miscellaneous and safety <br />members first employed prior to the date of this contract emend - <br />went. <br />d. Section 20981.6 (Waiver of age 70 retirement) for local miscel- <br />laneous members only. <br />e. Section 20461.6 (Reduction of benefits) applied to Section <br />21252.01 for future safety employees and Section 20910.3 for <br />future miscellaneous and safety employees. <br />S. Public Agency, in accordance with Section 20740, Government Code, <br />ceased to be an "employer" for purposes of Chapter 6 of the Public. <br />Employees' Retirement Law effective on December 16, 1976. Accumulated <br />contributions of Public Agency as of the afornmantloned date shall be, <br />fixed and determined as Provided In Section 20759, Government Code, <br />and accumulated contributions as of the aforementioned date and <br />Contributions thereafter made shall be held by the Board an provided <br />in Section 20759, Government Code* <br />9. Public Agency shall contribute to said Retirement System as follows - <br />a. With respect to Miscellaneous members, the agency shall con-, <br />tribute the following percentages of monthly salaries earned as <br />misoellnnpous members of said Retirement System* <br />(1) 0,178 percent until June 10, 2000 on account of the <br />Anbill"ty for. ','P'rifhd' <br />Orvice benefits. <br />I3-70 percent onlAdcount of the liability for current <br />service benefits. <br />(3) 0.219 percent on account of the Mability for the 1959 <br />Survivor Program. <br />
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