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WITIVESSETR: l . 'Public Agency,prior to,the; effective,date oP
<br /> '1,..„_.-
<br /> ri consideration of the covenants and:agree participation, torespettfve ,members employed
<br /> menta`hereinafter contained' and ons the palet by Public agency.attecal":Firemeir or Local
<br /> df both parties to -be 'ltept and performed Policemen heall,' ra e salary only its:;:a..said
<br /> (!k • Public:Agency and Board hereby agree as tentage nf tLSW, Mr ach' sof such se said '
<br /> follows; " Rgtirement`Law, for each year of such service,
<br /> and 'said percentage sompe e 100 per--cent of
<br /> 1. Public.Agency is ta.participate in;tlte State ,
<br /> Employees` Retirement System, subject„to the -. ,the he,:Stat :E final esmpetiremn-as' defi for
<br /> provisions of the',State Employees' Retirement ea the State Employees' -Retirement sid Law, for
<br /> each..year. of'seryice rendered after.said date,
<br /> 2. Public Agency shall participate in said J determined or theid respective members un-
<br /> Retirement System,, making its employed der said law, for'the retirement for service at
<br /> members of said,System, from and after July age ler55, or aupon'iher age. Ifn mfoe ber re res '
<br /> tirenient at a,higher age.}.If a,member retires '
<br /> 1, 1947. ''- : for service before attaining age 55, his prior '
<br /> i3..Employees of”.Public,Agency in the;:follow service pension shall -be;. reduced to that;
<br /> mg't classes shall become'{members -Of said + , .nnioiiht which.tiievaltWofthe.pension`asde--.-
<br /> Retirement ,System in accordance„1-With, the :: ferred to age,55 will.purchase at'the actual; -
<br /> 11 provisions of said. Retirement Law, governing age.,of retirement ,'"1! ,..
<br /> membership in ,said Retirement System and e. Prior service benefits to ,miscellaneous
<br /> . subject to the further exclusions from mem-, members employed by Public Agency;.:that is,
<br /> bership-in the-next'following senj ence: Members other.than Local Firemen.and Local
<br /> Number of Employees ' Policemen, Upon:retirement`for service at the
<br /> -- .+ Rligible for Membership normal minimum age entered in paragraph 4
<br /> Classes;of Employees, on- Jan. 1,:-:1947
<br /> I Yheredf;,shall be allowed only as a percentage of
<br /> a:. Local Firemen", as the-average salary specified-.in•said'Retirement
<br /> defined in•the State. Law,'.for,each:tear of such service, and.said
<br /> Employees ,-Retirement 11' percentage shall be 100 per cent of one'-sixtietlri,
<br /> ,ti' ires for,service before attain-
<br /> b. Local:Policemen, as ,. - lag•'the normal minimum. age,in item 4y his - -
<br /> defined in the State " - prior`.service pension shall be reduced-to that , .,',I
<br /> :Employees',!Retirement: - amount which the -value:,of the pension as
<br /> Law ..,.,,-. 45 deferred to.said'- minimum age will purchase 7I
<br /> •yc. Employees,other than :l at the actual age of retirement,, !
<br /> j "Local 'k5renlen and Lgcai °+ 7, The'provisions of Section 21258b;, of thq '+
<br /> " :P,olicemeri � 196 ' State Employees' Retirement Law, guarantee='
<br /> In addition,'toathe employees excluded from ,;;Ing.a minimum retirement ale lowancunder
<br /> j membership by said' Retirement Law,-:the fol :` ,Certain conditions shall apply to employees'of i
<br /> lowing7 employees shall not,'.become members Public Agency Who become members!of,said
<br /> of the Retirement System; ,. Retirement System.
<br /> No AddWonal Exclusions 8 The provisions of Sectio 21367.5 of the .
<br /> ,Board and Public Agency.;agree that,-,except Stater,Employces Retirement Law, providing a
<br /> as provided in,..paragraph i9, noadjuskment $300 death benefit after retirement shall
<br /> shall.he made In the amount of contributions apply to employees of'Public Agency who be-
<br /> provided in paragraph 9a ori account of prior come.members.of said Retirereentu System. ,'
<br /> 9 :Public Agency shall ':contribute to said;
<br /> service, or in the.,percentage:provided in para- I '
<br /> graph 9b, because:o£variations in the numbers Retirement m of $ as fell per
<br /> of employees who become' Members.-'of said a. The monthly
<br /> $51,080:69 per annum;.payable-
<br /> 1.
<br /> Retirement System on the.effective date here- in equal monthly or less frequent installments
<br /> of,`from the'number listed above, due to-termi- as Board shall.require, for period_e f 25 years,
<br /> nation of service bysuch:causes as-;death, res on-account of:the liability for benefits based.- ,
<br /> t ,, tin serViee rendered to Public Agencyprior to' ...-
<br /> ignation or discharge, or-.the employment of
<br /> individuals not included in said number. 7.the'effective date hereof, a "
<br /> I b. 9,937 percent;of total sallaries paid by _. ;.j
<br /> A. Age 60 shall':be the normal minimum age public Agency each month to its employees
<br /> for retirement for service, of miscellaneous who l are members of saidfRetirement'System,
<br /> members employed iby 'public agency,,that rs provided that only salary'earned as members
<br /> . 1 members other than Local Firemen and Local , ; of.Ysaid System 'shall'be. included in said total'
<br /> Policemen, and.one-sixtieth shall be the frac .salaries,'and the employees who are,members n I
<br /> tion of final compensation, as defined:in said' of said "system'shall include employees who ..
<br /> Retirement Law,tobe provided on the avera +ge become members upon the effective date here- I
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<br /> for each year of'-service as=a member,-by the , u of add employees who become members there-
<br /> ! "members and Public Agencys normal.:contra after.• -` i ''-
<br /> butions,upon retirement at said minimum ago ,e A reasonable amount per annum,as fixed _
<br /> -� 5. 'Benefits'on'�account 'ofi'pfler service that; 1b)' the Board,payable in equal monthly.or,less, 1
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<br /> is, ser+iee credited hereunder+'as rendered to :,+ y frequent installments, as Board shall require,
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