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Amendment-74-14
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Amendment-74-14
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5o The following additional provisions of the Public Employees, Retirement <br />Law which apply only upon election Of a contracting agemay shall apply <br />to the Public Agency and its employees, <br />ao The fraction of final compensation to be provided for each year of <br />credited prior and current service as a local safety member shall <br />be that provided in Section 21252.01 of the Retiromaat Law. <br />bo Section 21380.7 (providing, for allowances for survivors of maim+ <br />bore covered under the program upon death before retirement). <br />� <br />,�� �� aro Section 21263 (providing upon death of a miscellaneous or local <br />Q b safety member who retired for service or disability for the can. <br />tinua•tion of one-half the retirement allowance to certain survivors)* <br />6. Public Agency shall contribute to said Retirement System as follows, <br />vo With respect to miscellaneous members, the public agency shall <br />aontributa the fol.loCH percentages of monthly, salaries earazod <br />�b as miseellarseous members of said Systems <br />(1) 1.53 percent until duns 309 1580 on account of the liability <br />for prior service benefits. <br />(2) 9.81 percent on account of the liability for current service <br />benefits. <br />(3) 0069 percent on account of the liability Or tv, 1959 Sgry voce <br />program. <br />bo With respect to local safety members, the public agency shall con- <br />tribute the following percentages of MUMbly salaries earned as <br />10001 safety members of said Systema <br />(1) 20153 percent until mune 309 1979 on account of the liability <br />for prior service benefits, <br />(2) 21.382 poaoeat on account of the liability for current servi.oe <br />benefits. <br />(3) 00069 paresut on 9000un.t of the liability for the 1959 Survivors <br />prograaao <br />at A reasonable amount per rnanum9 as fined by Board to cover the costs <br />Of administering said System as it affeoto the employees of Public <br />A.gs % not including the costs of s3acoial valuations or the period» <br />ical investigation and Yaluation required by law. <br />d. A reasonable amount a.9 fixed by the 13oraxop payable in one install. <br />mant as the occasions arise, to cover costs of special valuations <br />on account Of enplcyees of :public Agency, and costa of the period <br />Mal Investigation and valuation required by law. <br />£tato 1401M 702-P <br />
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