Amendment-94-48 - Laserfiche WebLink

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In addition to the classes of employees excluded from membership by said Retirement Law, the following classes of employees shall not become members of said Retirement System: NO ADDITIONAL EXCLUSIONS 5. The fraction of fins=' compensation to be provided for each year of credited prior and current service as t local miscellaneous member sh811 be determined in accordance with Section 21251.13 of said Retirement Law (23 at age 60 Full). 6. The fraction of final compensation to be provided for each year of credited prior and current service for those local safety members hired on or after October 1, 1981 shall be determined in accordance with Section 21252.6 of said Retirement Law (2o at age 55 Full). ,', The fraction of fine! compensation to be provided for each year of credited prior and current service for those local safety members hirer: prior to October 1, 1981 shall be determines: in accordance with Section 21252.01 of said Retirement Law (2% at age 50 Full). R. The following additional provisions of the Public Employees' Retire- ment Law, which apply only upon election of a contracting agency, shall apply to the Public Agency and its employees; 0. Sections 21380-21357 (1959 Survivors Program) excluding Section 21382.2 (Increased 1959 Survivors benefits). b. Sections 21263/21263.1 (Post-retirement survivor allowance). c.-- Section 20930.2 (Military service credit) as defined in Chapter 1437, Statutes of 1974, for those local miscellaneous members and those local safety members 'paired prior to October 1, 1981. d. Section 20461.6 (Redaction of benefits), applied to Section 20930.3 (Military service credit), Statutes of 1574, for these local miscellaneous and those local safety members hired on or after October 1, 1981, and applied to Section 21252.01 (froth, 21 1 50 Full formula to 2% @ 55 Full formula) for those local safe=ty members hired on or after October 1, 1981. e. Section 20024.2 (One-year final compensation), for local fire members only. 9. Public Agency, in accordance with Scotian 20?40 , Government Cede, ceased to be an "employer" for purposes of Chapter 6 of the Public Employees' Retirement Law effective on December 16, 1976. Accumulated contributions of Public Agency as of the aforementioned date shell be fixed and determined as provided in Section 2059, Government Cele, and accumulated contributions as of the aforementioned date and con- tributions thereafter made shall he held by the Board as provided in Section 2059, Government Code.