Laserfiche WebLink
A ,CNDMENT TO CONTRACT BEMGTEEN THE <br />BOARD OF ADMINISTRATION EXHIBIT A <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND TILE <br />CITY COUNCIL <br />OF. THE - <br />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 AiQA, hereinafter re- <br />ferred to as Public Agency, having entered into a contract under date of November 25, <br />1946, effective July 1, 1947, and as amended effective October 1, 1951, January 1, <br />1954, September 1, 1956) July 1, 1959, November 1, 1960, September 1, 1963, April 1, <br />1964, February 1, 1965, and January 16, 19693 which provides for participation of <br />Public Agency in said System, Board and Public Agency hereby agree as follows: <br />A. The following subparagraphs shall be added to said Contract: <br />8 (n) Section 21251.75 of the Government Code (providing for increases in <br />allowances payable for time commencing on the first day of the calendar <br />month coinciding with or next following the effective date of this <br />amendment to persons retired prior to January 1, 1967), <br />B. Paragraphs 9 (a) and 9 (b) shall be stricken from said Contract and the follow- <br />ing paragraphs substituted therefor: <br />7 (a) With respect to miscellaneous members, the public agency shall contribute <br />the following percentages of monthly salaries earned as miscellaneous <br />members of said System: <br />(1) 2.074 percent until June 30, 1977 on account of the liability for <br />prior service benefits. <br />(2) 6.690 percent on account of the liability for current service <br />benefits. <br />7 (b) With respect to local safety members, the public, agency shall contribute <br />the following percentages of monthly salaries earned as local safety <br />members of said .System: <br />(1) 1.830 percent until June 30, 1977 on account of the liability for <br />prior service_ benefits. <br />(2) 9.650 percent on account of the liability for current service <br />benefits. <br />C. This amendment shall be attached to said Contract and shall become effective <br />on the day of <br />Witness our hands this <br />BOARD OF ADMINISTRATION <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM <br />BY <br />iA lliam . Payne, xecutive Of icer <br />dayof <br />CITY COUNCIL OF THE <br />CITY OF SANTA ANA <br />BY <br />Attest: <br />Clerk <br />.Ret. Form 702 <br />