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l. :Ciify is to psrticipate iii the St ath Fm- -.-`.;_ ,-.... ' SYs tem iri .calculafing benefits on account' of
<br /> ployees. Retirement_:-Systens, ,Subject to i he - . - .',GI:- 2 prior seryice, al19-Wed to Menabera of._tile Cali-, . • ' '.-, ".
<br /> r-___, •-. ix-ovis ions of'the State EMPloyees'. Retirement - ...• .,".-.. forIlja State Highway-Pateol-and to other em2. City shall partioipa e in sai Re ire-i cit 1Y
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<br /> shall Cofitribtite.to said ,Retiretnent
<br /> •3. Employees of City
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<br /> " -". Classes'shall becbtne..Metiribeeis.of sa'ed-Retire-‘.-_. . .." : . . a, Tile sum of $28835:49per.annutn, .pay
<br /> snont „System .in. ,accordaiMe with the -pro.- .: r„ ....._ ,,. „. ,- I-i .'able in.equal 111011thly or less eq writ .,
<br /> Visions of said Retirement.Act 4Overning„ .', . , .- .. :G. .: . .installinents i as-Board .shall ,-require,_
<br /> inert her inc>said Beth-en-sent Sy ten and ' :i-' -.- ' ":. ei. '‘ . for,X period of 25 yean.-rsi-oaccount of . .
<br /> ... '.,, subject,to thd.further .exclusions- from Mem-,- ' . : '', ' - -... : the liability for benefits based on ser - -
<br /> bership in.the-next-followifi. sentence:• -- - - ''- vice rendered•to City . to he ci-
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<br /> ies paid by
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<br /> . . -. City each\mosith to it-employees whoI.
<br /> - 7 are mem,ers of said. afremnt Sys7 1 .2
<br /> -Clamom of Employees - '1. 1945, Retlreme3t 'tCn,, .piovmded that on y salary earned
<br /> F enien, as defined in as ,r saidSystem shall be t 1-
<br /> . - 1 SeetiOn ,fic .of Vtlis' State. Em -:-. '
<br /> . _ eluded ii a id total salaries, and that
<br /> ploYees' ReIireinet.Act --? 50 ' . . I. 60 : :. - - - -::::elftliloYbel Whcr- .it trIemberfi. of sill° • -
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<br /> b. City Policemen, as defined in . beCome.”members: upon..the_1 effective
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<br /> Secton8b of the-State Em- I , --_. '- "-1--T- . date hereof'and employees who become
<br /> 2 -H. c, Employees- oilier than., City ,,, ,, s . - . :'- . „M.A reasonable.ainowit,as fixed by Board
<br /> . . :Firemen. and .City Pelicemen_154. ' o - -' , ' 7• ... - - payable in equal monthly or less'ire-
<br /> ' .. As provided in the Retirement Act. . ..., ...., ..-- ' __ • filluii insta mentst as. 'Boat d shall re-
<br /> quire, to covet the costs of administer-
<br /> In addition to the.employeex.excluded (from - m i '-- ...-i, -. .• Eng said Sys em as it affects the ern-:
<br /> --- - -.ifieniher-stiip by said'Retirement'Act, the fol- .. ,._ ,: ;,__ _ - Ployees of City, notineluding the costs
<br /> lowing 'employees shall noti-becomeniembefs i ..:,-."-. ..: ,_. - ..of speciali.valuations. or of' ,the. pet-
<br /> , s . Of the-Retirefnerit System":''No,additional-ex; - . "2:— ,-. , - ' 1Oclica1"inyestigation and ValUation"re-
<br /> cii oi ii Boaid aid City aglee t iat, except - qus ed by law, provided that sa d -
<br /> . , as provided in paragraph 5, no,adoistmebt. . - - '. _ _ amount shall not exceed $ipo.per ifs-
<br /> -hall be Wade M the-amount of Contribfitiofies- " ""• ' :-.' ' - cal: eat per inernberbn the basis of •
<br /> Prowled in Paragraph 5s, on aCcount•ofi-pribr.„ -,-, ', - " the number of employees'of City who __ .•
<br /> service, or in the percentage provided,ire_para-, . , :-I ' .....,2 - _ are Members on July 1st of the respect ' 1
<br /> "graph-:51), bee hs of -variations in the num- . 1'12,,"--: ,-.,rive fiscal year or with tesp,ect.to_the :.... .
<br /> bets, of- employeei,. who_ ..beeonw members, .? _--- -".. firstyear of participation;'on the efs ‘• , :
<br /> :of said„Retirement...System .on fhe.effect ire .1 ., .-- ,. ,_,' 1 ', fective date of said participation.
<br /> date .lierepf;'-f rofn he numbers listed- above, -. , ---1, el. A seasonable'amorint:a ,fixed by, the •
<br /> due to termination of Service.by such;can. .7...".., -...? Board, payable in'one installment from
<br /> as death, resignation Or dicharge, or the sins , , -. . '-i. .-. "-.- , -. tithe'to time as ag"thS occasions-arise,-to
<br /> ployment of individuals not ineluded. in.said ,_ ,-.."'"2" ", Cover the costs'of. special valuations
<br /> numher . ".. .-:i.". -1 ', , ion account-of employees-'of City and
<br /> 4. Benefits on account of prior sery Ce, that ?-",--- ‘' . ' - ton into the_experience under said
<br /> • : is, ser ice crediMd.heisunder :as rendered to. -rt.."'--,..n '.- •- 2 ettrement S steal as it flee s said
<br /> City pr or to the effective,date hereof, sha ,' mployees, and he valuotion of the
<br /> , . be-x al owed to_city sremen and gilt 90 ice- -' ' t '1'---1--- ', assets and Habit tie S 'of said System
<br /> men and to other employees only as per- •.. ' , on aceQunt of said employees.
<br /> specified in in'said Retirement_Act, for -each .': -'71.Y.'-i,Il ' . ' :Contributions required of City and,its,-em-`.
<br /> year of such service, ,and said.`PerceirtageS, .;,'.•:`,....i.-I,*, , -,ployees'shall•be subject,to adjustment by the
<br /> shall:be'equal to 100 per cent of the analPgotis.. , i'i, '5-:,"-•- ..1' 13_darcl of Administration on account of amend-
<br /> percentages now usedunder saidRetirement.'- ."...,:i.i."..,:::-.i .niewti to the State. Employees' Betireinent - ..
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