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i�t�11 <br />AMENDMENT TO CONTRACT BETWEEN THE <br />` BOARD OF ADMINISTRATION <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM <br />�¢a AND THE <br />CITY COUNCIL <br />OF THE <br />} ,r CITY OF SANTA ANA <br />The Board of Administration, Public Employees' Retirement System, hereinafter <br />referred to as Board and the CITY COUNCIL of the CITY OF SANTA ANA, hereinafter <br />referred to as Public Agency having entered into a contract under date of November <br />259 1946, effective -July 11 1947, and as amended effective October 1, 19519 <br />February 11 1954, September 11 1956, July 1, 1959, November 1, 1960, September 11 <br />1963, April 1' 1964, February 11 1965, January 16, 1969, November 11 1970, and <br />June 11 1974, which provide for participation of Public Agency, hereby agree <br />as follows: <br />A. The following subparagraph shall be added to Paragraph 5 of said contract: <br />5. (d) Section 20930.3 (providing service credit up to four years for <br />any continuous military or merchant marine service for persons <br />who are members because of employment by Public Agency). <br />B. Paragraph 5.5 shall be added to said contract: <br />5.5 Public Agency, in accordance with Section 20740, Government Code, <br />shall cease to be an "employer" for purposes of Chapter 6 of the <br />Public Employees' Retirement Law effective as of the effective date <br />of this amendment to this contract. Accumulated contributions of <br />the Public Agency as of the date of such amendment shall be fixed <br />and determined as provided in Section 20759, Government Code, and <br />such accumulated contributions and contributions hereafter made <br />shall be held by the Board as provided in Section 20759, Govern- <br />ment Code. <br />C. Paragraph 6 (a) shall be stricken from said contract and the following <br />paragraph shall be substituted therefor: <br />6. Public Agency shall contribute to said Retirement System as follows: <br />a. With respect to miscellaneous members, the Public Agency shall <br />contribute the following percentages of monthly salaries earned <br />as miscellanAous members of said System: <br />(1) 0.078 percent until June 30, 1980 on account of the liability <br />for prior service benefits. <br />(2) 9.050 percent on account of the liability for current service <br />benefits. <br />(3) 0.218 percent on account of the benefits provided under the <br />1959 Survivor program. <br />r •t. For* 702®1 <br />