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90A.Ia,0rAPMINI9TRATION sus EARL W.CHAPMAN EXECUTIVC SECRETARY THOS E.STANTON,PRESIDENT H.H.BENEbICT M y'I RALPH R. NELSON JOHN R.CORNWELL L'.IS1'Y�; 9' ACTUARY DONALD GALLAGHER l JOHN J.HAMLYN JOHN F.HASSLER WALTER C.KENNEDY STATE OF CALIFORNIA JOSEPH H.STEPHENS\ *de gmpIogeez' Ltetirement *Man 102 STATE OFFICE BUILDING No. 1 TENTH AND L STREETS SACRAMENTO 14 City Council June 23, 194!1 City Hall Santa. Ana, California Gentlemen: You have requested that the Board of Administration furnish a quotation of the approximate, as distinguished from the definitive contribution to the State Employees' Retirement System which would be required of the CitY_ of SantMAuer , tcause of 7Town7 "Ci.ty,11 "Cou '..ty," or"STiool District") Name of Subdivision` its participation in the State :employees' Retirement System. You. asked that, before making arrangements for the investigation and valuation required in the determina- tion of the approximate contribution, you be furnished with an approximate cost of the work. An approximate statement of the cost follows, subject to the understand- ing that charges for the work will be based. on the number of employees and that the ultimate amount may vary slightly either above or below the amount here , quoted if the number of employees in any classification varies from the number given below: Minimum Age for Voluntary Classifi.eation Number Service -Retirement Estimated Cost 1. City Firecmen,as defined __...__ ) ._� in the State Employees' ) Retirement Act. 39 ) t 2. City policemen, as defined ) in the State Employees' ) Retirement Act, 50 ) a 3. Employees other than City As provided in the Firemen end. City Policemen. 133 Retirement Act Total t, 1152.50_._ It is understood that assumptions as to prior service benefits, shall be inaccordence with your request. Upon notice from you on the enclosed form, that after receiving the fore- going estimates of cost, you have decided that the investigation and valuation shall be made., the hoard cftmi_nietret;`aa_Wi l_t n•.ish_a.aenteract to be -wxecuted Ly ',you' and the consulting actuary chosen by the Board, and also forms upon which the (Iota about your employees, necessary for the investigation and valuation, will be liate,',. Yours truly, F� VICTORY BOARD OF ADV S SI TI ST_!U Elr•#fir I I rr '- {�7�5 l'. 1UT S IS'P^M At BUy 111 12-39 100 BY // ,. f f11//I,miNiNA. _ ... 44 AN