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HomeMy WebLinkAboutElection Ballot ELECTIO' BALLOT e For Use By ~mployees other than City firemen and City Policemen TO DETERMINE THEIR APPROV AL OR DISAPPROVAL OF THE PROPOSAL OF __mm_mm___nmnmm____mmmnmnnm_m_Q_!~_I__g_~_~_~_~!__mmn________nmm_nnmm (Legislative Body) OF THE __n__________mnm___nnmnmmnnmnnnnmnmnnQ_:!:~_In_~_~m_~_~~~_~m~_~m___m_________mn_m_m___n__mm___ (Name of Subdivision) TO ENTER INTO A CONTRACT WITH THE BOARD OF ADMIN- ISTRA TION OF THE STATE EMPLOYEES' RETIREMENT SYSTEM TO INCLUDE SAID EMPLOYEES IN SAID RETIREMENT SYSTEM Shall the above designated employees of the sub- Vote by making a cross (X) in the space to the right of the word indicating your desire. division named above, be included in the State Employees' Retirement System? YES NO SUMMARY OF MAJOR PROVISIONS OF THE PROPOSED RETIREMENT SYSTEM 1. The System is administered by a board of eight members, composed of three members of the System, an official of a bank, an official of a life insurance company, the Director of Finance, a member of the State Personnel Board, and an official of the University of California. 2. Retirement for service is optional upon attainment of an age which shall be not less than 55 or more than 60, as provided in said contract, by city firemen and city policemen, and age 60 by other employees, and completion of twenty years of service for the municipal corporation, and is compulsory at age 65 for city firemen and city policemen, and at age 70 for other employees. 3. The monthly retirement, allowance payable upon retirement for service is dependent upon such factors as age, sex, salary and years of service. For city firemen and city policemen, retiring at the optional age in paragraph 2, or at a higher age with 20 years of service, the monthly allowance [OVER] is roximately one-half the average monthly sa during the five years immediately preceding retlu;ment. For other city employees, the monthly allowance, upon retirement at age 65, is approxi- mately 1/70th of the average monthly salary during the five years immediately preceding retirement, for each year of service after the effective date of participation, plus approximately 1/70th, or less as may be provided in said contract by the municipal corporation for its employees, of the average monthly salary during the three years immediately preceding the effective date of participation, for each year of service prior to that date. 4. Retirement for disability, except in the case of city firemen and city policemen disabled from injury arising out of and in the course of employment, is permitted only after ten years of service and upon proof of incapacity for the performance of duty. 5. The monthly retirement allowance payable upon disability retirement, described in preceding item 4, is dependent upon such factors as age, salary and years of service, but generally is equal to 90% of 1/70th of the average monthly salary during the five years immediately preceding retirement, for each year of service, with a guarantee of 25 % of said salary, subject to certain restrictions and modifications. 6. Disability retirement of city firemen and city policemen, in the event of disability arising out of and in the courSe of employment, is permitted regardless of age and service, the monthly retirement allowance being one-half the average monthly salary during the five years immediately preceding retirement. 7. The benefit payable at death, except in the case of city firemen and city policemen dying from injury arising out of and in the course of employment, consists of the contributions of the member plus interest, and plus 1/12th of the member's annual salary during the year immediately preceding death, for each year, not exceeding six years, of service as a member of the system. 8. The monthly allowance payable to the widow and children, at the death of city firemen and city policemen arising out of and in the course of employment, is one-half the average monthly salary during the five years immediately preceding death. 9. The benefit upon separation from service by other cause than death or retirement, is the refund of the member's contributions, with interest. 10. Contributions required of city firemen and city policemen, without credit for prior service, depend upon salary and upon age of entry into the retirement system, the contributions per $100 of . salary varying from $5.40 at entry age 21, to $9.32 at entry age 35, for example, if the minimum service retirement age is 60, or $7.63 and $14.35, if the minimum age is 55. Contributions of firemen and policemen having credit for prior service depend on salary, entry age, and amount of prior service, the amount of contribution per $100 being $13.79 for example, at entry age 59, with 19 years of prior service, if the minimum service retirement age is 60, and $16.33 at age 54, with 1'9 years of prior service, if the minimum service retirement age is 55. 11. For other city employees, the contributions depend upon salary, sex, and age of entry into the retirement system, the contributions per $100 of salary varying from $4.83 at age 20, to $7.45 at age 64, for men, and from $5.83 at age 20, to $8.50 at age 64, for women. 12. The city is required to contribute the balance of the funds necessary to meet the cost of the benefits provided under the retirement system for the city's employees. The city also is required to pay its proportionate share of the administrative costs of the system. 13. Ability of the Retirement System to pay benefits is safeguarded by a provision authorizing the Board of Administration to revise contributions of both employees and the city, in the light of experience under the system. F 125A. 3623\ 7-44 5M SPO ~ ELECTION BALLOT The Public Agency named herein has given notice of intention to elect to provide: (a) 55 as the lowest optional service retirement age, with______m____mnl/60th as the fraction described in item 3; (b) The minimum monthly retirement allowance of $ 60 as described in item 4; (c) $300 death benefit after retirement as described in item 8. For Use By [mployees other than Local ~iremen and Local Policemen TO DETERMINE THEIR APPROVAL OR DISAPPROVAL OF THE PROPOSAL OF ----------------------------------------------------____c~--Co-un~IL_______________________________________________________ (Governing Body) OF THE ------------------------------------------_________Q_~ty_Qt_~_~nt~L~~_'J~________________________________________________ (Name of Public Agency) TO ENTER INTO A CONTRACT WITH THE BOARD OF ADMIN- ISTRA TION OF THE STATE EMPLOYEES' RETIREMENT SYSTEM TO INCLUDE SAID EMPLOYEES IN SAID RETIREMENT SYSTEM Shall the above designated employees of the Public Agency named above, be included in the State Employees' Retirement System? Vote by making a cross (X) in the space to the right of the word indicating your desire. YES NO SUMMARY OF MAJOR PROVISIONS OF THE PROPOSED RETIREMENT SYSTEM 1. The System is administered by a board of eight members, composed of three members of the System, an official of a bank, an official of a life insurance company, the Director of Finance, a member of the State Personnel Board, and an official of the University of California. 2. Retirement for service is optional upon attainment of age 55 by local firemen and local policemen, and age 60 or age 55 at the election of the Public Agency, by other employees, and completion of twenty, years of service for the public agency, and is compulsory at age 65 for local firemen and local policemen, and at age 70 for other employees. 3. The monthly retirement allowance payable upon retirement for service is dependent upon such factors as age, sex, salary and years of service. For local firemen and local policemen, retiring at age 55 in paragraph 2, or at a higher age with 20 years of service, the monthly allowance is approxi- mately one-half the average monthly salary during the five years immediately preceding retirement, unless the Public Agency elects to provide prior service benefits at less than the full amount. For other Agency employees, the monthly allowance, upon retirement at age 65 if the Agency elects 60 as the lowest optional service retirement age, is approximately 1/70th of the average monthly salary during the five years immediately preceding retirement, for each year of service after the effective date of participation, plus approximately 1/70th, or less as may be provided in said contract by the Public Agency for its employees, of the average monthly salary during the three years immediately preceding the effective date of participation, for each year of service prior to that date. Upon retirement at age 60, if the Agency elects 55 as the lowest optional service retirement age, the fraction is approximately 1/60th instead of 1/70th. 4. A minimum service retirement allowance of $40 per month is guaranteed upon retirement at age 70 with credit for service rendered prior to said effective date, if the Public Agency elects age 60 as the lowest optional service retirement age, or a minimum allowance of $60 per month upon retire- ment at age 65 or over with twenty years of service, or upon retirement at age 70 with credit for prior service, if the Public Agency elects age 55 as the lowest optional service retirement age. 5. Retirement for disability, except in the case of local firemen and local policemen disabled from injury arising out of and in the course of employment, is permitted only after ten years of service and upon proof of incapacity for the performance of duty. 6. The monthly retirement allowance payable upon disability retirement, described in preceding item 5, is dependent upon such factors as age, salary and years of service, but generally is equal to 90% of 1/70th, or 1/60th as the case may be, of the average monthly salary during the five years immedi- ately preceding rc~irement, for each year of service, with a guarantee of 25% of said salary, subject to certain restrictions and modifications. 7. Disability retirement of local firemen and local policemen, in the event of disability arising out of and in the course of employment, is permitted regardless of age and service, the monthly retirement allowance being one-half the average monthly salary during the five years immediately preceding retirement. 8. The benefit payable at death before retirement, except in the case of local firemen and local policemen dying from injury arising out of and in the course of employment, consists of the contri- butions of the member plus interest, and plus 1/12th of the member's annual salary during the year immediately preceding death, for each year, not exceeding six years, of service as a member of the system. Upon death after retirement, and at the election of the Public Agency, a benefit of $300 is payable. 9. The monthly allowance payable to the widow and children, at the death of local firemen and local policemen arising out of and in the course of employment, is one-half the average monthly salary during the five years immediately preceding death. 10. The ben~fit upon separation from service by other cause than death or retirement, is the refund of the member's contributions, with interest. Members having accumulated contributions of at least $ 5 00 upon resignation or discharge, may elect irrevocably, within ninety days, to leave contri- butions in the Retirement Fund, and then upon reaching the lowest optional service retirement age or becoming disabled, to be entitled to receive such retirement allowance as will be provided by their and the Agency's contributions and their credited service, regardless of service rendered. 11. Contributions required of local firemen and local policemen, without credit for prior service, depend upon salary and upon age of entry into the retirement system, the contributions per $100 of salary varying from $7.63 at entry age 21 to $14.35 at entry age 35. Contributions of firemen and policemen having credit for prior service depend on salary, entry age, and amount of prior service, the amount of contribution per $100 being $16.33 for example, at entry age 54, with 19 years of prior service. 12. For other Agency employees, the contributions depend upon salary, sex and age of entry into the retirement system, the contributions per $100 of salary varying from $4.83 at age 20, to $7.45 at age 64, for men, and from $5.83 at age 20, to $8.50 at age 64, for women, all based on the Public Agency's election of age 60 as the lowest optional service retirement age. If the Public Agency elects age 55 as the lowest optional service retirement age, the contributions per $100 of salary vary from $7.22 at age 20, to $10.26 at age 59, for men, and from $8.51 at age 20, to $11.61 at age 59, for women. 13. The Agency is required to contribute the balance of the funds necessary to meet the cost of the benefits provided under the retirement system for the Agency employees. The Agency also is required to pay its proportionate share of the administrative costs of the system. 14. Ability of the Retirement System to pay benefits is safeguarded by a provision authorizing the Board of Administration to revise contributions of both employees and the Agency, in the light of experience under the system. F 1258. 1/60. 50025 10-45 SM SPO ~ ELECTION BALLOT The Public Agency named herein has given notice of intention to elect to provide prior service benefit at_______________________n_the full amount as described in item 3. For Use By LOCAL FIREMEN TO DETERMINE THEIR APPROVAL OR DISAPPROV AL OF THE PROPOSAL OF City Council (Governing Body) OF THE City of Santa Ana -'-..;:..;...:.-..;..;.;.,------------------_...._-----------_.._-------------------......--..-...----------...-----..------------------------------- (Name of Public Agency) TO ENTER INTO A CONTRACT WITH THE BOARD OF ADMIN- IS'tRA TION OF THE STATE EMPLOYEES' RETIREMENT SYSTEM TO INCLUDE SAID EMPLOYEES IN SAID RETIREMENT SYSTEM Shall the above designated employees of the Public Agency named above, be included in the State Employees' Retirement System? Vote by making a cross (X) in the space to the right of the word indicating your desire. YES NO SUMMAR Y OF MAJOR PROVISIONS OF THE PROPOSED RETIREMENT SYSTEM 1. The System is administered by a board of eight members, composed of three members of the System, an official of a bank, an official of a life insurance company, the Director of Finance, a member of the State Personnel Board, and an official of the University of California. 2. Retirement for service is optional upon attainment of age 55 by local firemen and local policemen, and age 60 or age 55 at the election of the Public Agency, by other employees, and completion of twenty years of service for the public agency, and is <:ompulsory at age 65 for local firemen and local policemen, and at age 70 for other employees. 3. The monthly retirement allowance payable upon retirement for service is dependent upon such factors as age, sex, salary and years of service. For local firemen and local policemen, retiring at age 55 in paragraph 2, or at a higher age with 120 years of service, the monthly allowance is approxi- mately one-half the average monthly salary during the five years immediately preceding retirement, unless the Public Agency elects to provide prior service benefits at less than the full amount. For other Agency employees, the monthly allowance, upon retirement at age 65 if the Agency elects 60 as the lowest optional service retirement age, is approxim-ately 1/70th of the average monthly salary during the five years immediately preceding retirement, for each year of service after the effective date of participation, plus approximately 1/70th, or less as may be provided in said contract by the Public Agency for its employees, of the average monthly salary during the three years immediately preceding the effective date of participation, for each year of service prior to that date. Upon retirement at age 60, if the Agency elects 55 as the lowest optional service retirement age, the fraction is approximately 1/60tlt instead of 1/70th. 4. A minimum service retirement allowance of $40 per month is guaranteed upon retirement at age 70 with credit for service rendered prior to said effective date, if the Public Agency elects age 60 as the lowest optional service retirement age, or a minimum allowance of $60 per month upon retire- ment at age 65 or over with twenty years of service, or upon retirement at age 70 with credit for prior service, if the Public Agency elects age 55 as the lowest optional service retirement age. 5. Retirement for disability, except in the case of local firemen and local policemen disabled from injury arising out of and in the course of employment, is permitted only after ten years of service and upon proof of incapacity for the performance of duty. 6. The monthly retirement allowance payable upon disability retirement, described in preceding item 5, is dependent upon such factors as age, salary and years of service, but generally is equal to 90% of 1/70th, or 1/60th as the case may be, of the average monthly salary during the five years immedi- ately preceding retirement, for each year of service, with a guarantee of 25% of said salary, subject to certain restrictions and modifications. 7. Disability retirement of local firemen and local policemen, in the event of disability arising out of and in the course of employment, is permitted regardless of age and service, the monthly retirement allowance being one-half the average monthly salary during the five years immediately preceding retirement. 8. The benefit payable at death before retirement, except in the case of local firemen and local policemen dying from injury arising out of and in the course of employment, consists of the contri- butions of the member plus interest, and plus 1/12th of the member's annual salary during the year immediately preceding death, for each year, not exceeding six years, of service as a member of the system. Upon death after retirement, and at the election of the Public Agency, a benefit of $300 is payable. 9. The monthly allowance payable to the widow and children, at the death of local firemen and local policemen arising out of and in the course of employment, is one-half the average monthly salary during the five years immediately preceding death. 10. The benefit upon separation from service by other cause than death or retirement, is the refund of the member's contributions, with interest. Members having accumulated contributions of at least $ 5 00 upon resignation or discharge, may elect irrevocably, within ninety days, to leave contri- butions in the Retirement Fund, and then upon reaching the lowest optional service retirement age or becoming disabled, to be entitled to receive such retirement allowance as will be provided by their and the Agency's contributions and their credited service, regardless of service rendered. 11. Contributions required of local firemen and local policemen, without credit for prior service, depend upon salary and upon age of entry into the retirement system, the contributions per $100 of salary varying from $7.63 at entry age 21 to $14.35 at entry age 35. Contributions of firemen and policemen having credit for prior service depend on salary, entry age, and amount of prior service, the amount of contribution per $100 being $16.33 for example, at entry age 54, with 19 years of prior service. 12. For other Agency employees, the contributions depend upon salary, sex and age of entry into the retirement system, the contributions per $100 of salary varying from $4.83 at age 20, to $7.45 at age 64, for men, and from $5.83 at age 20, to $8.50 at age 64, for women, all based on the Public Agency's election of age 60 as the lowest optional service retirement age. If the Public Agency elects age 55 as the lowest optional service retirement age, the contributions per $100 of salary vary from $7.22 at age 20, to $10.26 at age 59, for men, and from $8.51 at age 20, to $11.61 at age 59, for women. 13. The Agency is required to contribute the balance of the funds necessary to meet the cost of the benefits provided under the retirement system for the Agency employees. The Agency also is required to pay its proportionate share of the administrative costs of the system. 14. Ability of the Retirement System to pay benefits is safeguarded by a provision authorizing the Board of Administration to revise contributions of both employees and the Agency, in the light of experience under the system. . F 1238. 50025 10-45 1M SPO. ~ ELECTIO' BALLOT e For Use By CITY FIREMEN TO DETERMINE THEIR APPROVAL OR DISAPPROVAL OF THE PROPOSAL OF City Council ._----------------~------------------------------------------------------------------------------------------------------------------------------------------------ (Legislative Body) OF THE City of Santa Ana ------------------------------------------------------------------------------------------------------------------------------------------------------------------- (Name of Subdivision) TO ENTER INTO A CONTRACT WITH THE BOARD OF ADMIN- ISTRA TION OF THE STATE EMPLOYEES' RETIREMENT SYSTEM TO INCLUDE SAID EMPLOYEES IN SAID RETIREMENT SYSTEM Shall the above designated employees of the sub- division named above, be included in the State Employees' Retirement System? YES Vote by making a cross (X) in the space to the right of the word indicating your desire. 'I' : i NO : ,I : , , SUMMARY OF MAJOR PROVISIONS OF THE PROPOSED RETIREMENT SYSTEM 1. The System is administered by a board of eight members, composed of three members of the System, an official of a bap.k, an official of a life insurance company, the Director of Finance, a member of the State Personnel Board, and an official of the University of California. 2. Retirement for service is optional upon attainment of an age which shall be not less than 55 or more than 60, as provided in said contract, by city firemen and city policemen, and age 60 by other employees, and completion of twenty years of service for the municipal corporation, and is compulsory at age 65 for city firemen and city policemen, and at age 70 for other employees. 3. The monthly retirement allowance payable upon retirement for service is dependent upon such factors as age, sex, salary and years of service. For city firemen and city policemen, retiring at the optional age in paragraph 2, or at a higher age with 20 years of service, the monthly allowance [OYER] ?proximately one-half the average monthly :y during the five years immediately preceding h..lrement. For other city employees, the monthly allowance, upon retirement at age 65, is approxi- mately 1/70th of the average monthly salary during the five years immediately preceding retirement, for each year of service after the effective date of participation, plus approximately 1/70th, or less as may be provided in said contract by the municipal corporation for its employees, of the average monthly salary during the three years immediately preceding the effec:tive date of participation, for each year of service prior to that date. . 4. Retirement for disability, except in the case of city firemen and city policemen disabled from injury arising out of and in the c0urse of employment, is permitted only after ten years of service and upon proof of incapacity for the performance of duty. 5. The monthly retirement allowance payable upon disability retirement, described in preceding item 4, is dependent upon such factors as age, salary and years of service, but generally is equal to 90% of 1/70th of the average monthly salary during the five years immediately preceding retirement, for each year of service, with a guarantee of 25% of said salary, subject to certain restrictions and modifications. 6. Disability retirement of city firemen and city policemen, in the event of disability arising out of and in the course of employment, is permitted regardless of age and service, the monthly retirement allowance being one-half the average monthly salary during the five years immediately preceding retirement. 7. The benefit payable at death, except in the case of city firemen and city policemen dying from injury arising out of and in the course of employment, consists of the contributions of the member plus interest, and plus 1/12th of the member's annual salary during the year immediately preceding death, for each year, not exceeding six years, of service as a member of the system. 8. The monthly allowance payable to the widow and children, at the death of city firemen and city policemen arising out of and in the course of employment, is one-half the average monthly salary during the five years immediately preceding death. 9. The benefit upon separation from service by other cause than death or retirement, is the refund of the member's contributions, with interest. 10. Contributions required of city firemen and city policemen, without credit for prior service, depend upon salary and upon age of entry into the retirement system, the contributions per $100 of salary varying from $5.40 at entry age 21, to $9.32 at entry age 35, for example, if the minimum service retirement age is 60, or $7.63 and $14.35, if the minimum age is 55. Contributions of firemen and policemen having credit for prior service depend on salary, entry age, and amount of prior service, the amount of contribution per $100 being $13.79 for example, at entry age 59, with 19 years of prior service, if the minimum service retirement age is 60, and $16.33 at age 54, with 19 years of prior service, if the minimum service retirement age is 55. 11. For other city employees, the contributions depend upon salary, sex, and age of entry into the retirement system, the contributions per $100 of salary varying from $4.83 at age 20, to $7.45 at age 64, for men, and from $5.83 at age 20, to $8.50 at age 64, for women. 12. The city is required to contribute the balance of the funds necessary to meet the cost of the benefits provided under the retirement system for the city's employees. The city also is required to pay its proportionate share of the administrative costs of the system. 13. Ability of the Retirement System to pay benefits is safeguarded by a provision authorizing the Board of Administration to revise contributions of both employees and the city, in the light ot experience under the system. F 123A. 36231 7_44 1M spa ~J ELECTION BALLOT The Public Agency named herein has given notice of intention to elect to provide prior service benefit at-______________________mthe full amount as described in item 3. For Use By LOCAL POLICEMEN TO DETERMINE THEIR APPROVAL OR DISAPPROVAL OF THE PROPOSAL OF City Council ~------------------------------------------------------------------------------------------------------------------------------- (Governing Body) OF TH;E City of Santa Ana ------------------------------------------------------------------------------------------------------------------------------------ (Name of Public Agency) TO ENTER INTO A CONTRACT WITH THE BOARD OF ADMIN- ISTRA TION OF THE STATE EMPLOYEES' RETIREMENT SYSTEM TO INCLUDE SAID EMPLOYEES IN SAID RETIREMENT SYSTEM Shall the above designated employees of the Public Agency named above, be included in the State Employees' Retirement System? Vote by making a cross (X) in the space to the right of the word indicating your desire. YES NO SUMMARY OF MAJOR PROVISIONS OF THE PROPOSED RETIREMENT SYSTEM 1. The System is administered by a board of eight members, composed of three members of the System, an official of a bank, an official of a life insurance company, the Director of Finance, a member of the State Personnel Board, and an official of the University of California. 2. Retirement for service is optional upon attainment of age 55 by local firemen and local policemen, and age 60 or age 55 at the election of the Public Agency, by other employees, and completion of twenty years of service for the public agency, and is compulsory at age 65 for local firemen and local policemen, and at age 70 for other employees. 3. The monthly retirement allowance payable upon retirement for service is dependent upon such factors as age, sex, salary and years of service. For local firemen and local policemen, retiring at age 55 in paragraph 2, or at a higher age with 20 years of service, the monthly allowance is approxi- mately one-half the average monthly salary during the five years immediately preceding retirement, unless the Public Agency elects to provide prior service benefits at less than the full amount. For other Agency employees, the monthly allowance, upon retirement at age 65 if the Agency elects 60 as the lowest optional service retirement age, is approximately 1/70th of the average monthly salary during the five years immediately preceding retirement, for each year of service after the effective date of participation, plus approximately 1/70th, or less as may be provided in said contract by the Public Agency for its employees, of the average monthly salary during the three years immediately preceding the effective date of participation, for each year of service prior to that date. Upon retirement at age 60, if the Agency elects 55 as the lowest optional service retirement age, the fraction is approximately 1/60th instead of 1/70th. 4. A minimum service retirement allowance of $40 per month is guaranteed upon retirement at age 70 with credit for service rendered prior to said effective date, if the Public Agency elects age 60 as the lowest optional service retirement age, or a minimum allowance of $60 per month upon retire- ment at age 65 or over with twenty years of service, or upon retirement at age 70 with credit for prior service, if the Public Agency elects age 55 as the lowest optional service retirement age. 5. Retirement for disability, except in the case of local firemen and local policemen disabled from injury arising out of and in the course of employment, is permitted only after ten years of service anq upon proof of incapacity for the performance of duty. 6. The monthly retirement allowance payable upon disability retirement, described in preceding item 5, is dependent upon such factors as age, salary and years of service, but generally is equal to 90% of 1/70th, or 1/60th as the case may be, of the average monthly salary during the five years immedi- ately preceding retirement, for each year of service, with a guarantee of 25% of said salary, subject to certain restrictions and modifications. 7. Disability retirement of local firemen and local policemen, in the event of disability arising out of and in the course of employment, is permitted regardless of age and service, the monthly retirement allowance being one-half the average monthly salary during the five years immediately preceding retirement. 8. The benefit payable at death before retirement, except in the case of local firemen and local policemen dying from injury arising out of and in the course of employment, consists of the contri- butions of the member plus interest, and plus 1/12th of the member's annual salary during the year immediately preceding death, for each year, not exceeding six years, of service as a member of the system. Upon death after retirement, and at the election of the Public Agency, a benefit of $300 is payable. 9. The monthly allowance payable to the widow and children, at the death of local firemen and local policemen arising out of and in the course of employment, is one-half the average monthly salary during the five years immediately preceding death. 10. The benefit upon separation from service by other cause than death or retirement, is the refund of the member's contributions, with interest; Members having accumulated contributions of at least $ 5 00 upon resignation or discharge, may elect irrevocably, within ninety days, to leave contri- butions in the Retirement Fund, and then upon reaching the lowest optional service retirement age or becoming disabled, to be entitled to receive such retirement allowance as will be provided by their and the Agency's contributions and J;heir credited service, regardless of service rendered. 11. Contributions required of local firemen and local policemen, without credit for prior service, depend upon salary and upon age of entry into the retirement system, the contributions per $100 of salary varying from $7.63 at entry age 21 to $14.35 at entry age 35. Contributions of firemen and policemen having credit for prior service depend on salary, entry age, and amount of prior service, the amount of contribution per $100 being $16.33 for example, at entry age 54, with 19 years of prior service. 12. For other Agency employees, the contributions depend upon salary, sex and age of entry into the retirement system, the contributions per $100 of salary varying from $4.83 at age 20, to $7.45 at age 64, for men, and from $5.83 at age 20, to $8.50 at age 64, for women, all based on the Public Agency's election of age 60 as the lowest optional service retirement age. If the Public Agency elects age 55 as the lowest optional service retirement age, the contributions per $100 of salary vary from $7.22 at age 20, to $10.26 at age 59, for men, and from $8.51 at age 20, to $11.61 at age 59, for women. 13. The Agency is required to contribute the balance of the funds necessary to meet the cost of the benefits provided under the retirement system for the Agency employees. The Agency also is required to pay its proportionate share of the administrative costs of the system. 14. Ability of the Retirement System to pay benefits is safeguarded by a provision authorizing the Board of Administration to revise contributions of both employees and the Agency, in the light of experience under the system. F 1248. 50025 10-45 1M SPO ~ ELECTIO. BALLOT For Use By CITY POLICEMEN TO DETERMINE THEIR APPROVAL OR DISAPPROVAL OF THE PROPOSAL OF ----------- ----- ------------------ ----------- -----____9_!_~Y.. --9-~-~_~_!1__________h__m__________________________________ (Legislative Body) OF THE City of Santa Ana --------------------------------------------------.------------------------------------------------------------------------------------------------------------------ (Name of Subdivision) TO ENTER INTO A CONTRACT WITH THE BOARD OF ADMIN- ISTRA TION OF THE STATE EMPLOYEES' RETIREMENT SYSTEM TO INCLUDE SAID EMPLOYEES IN SAID RETIREMENT SYSTEM Shall the above designated employees of the sub- Vote by making a cross (X) in the space to the right of the word indicating your desire. ii YES II NO division named above, be included in the State Employees' Retirement System? SUMMAR Y OF MAJOR PROVISIONS OF THE PROPOSED RETIREMENT SYSTEM 1. The System is administered by a board of eight members, composed of three members of the System, an official of a bank, an official of a life insurance company, the Director of Finance, a member of the State Personnel Board, and an official of the University of California. 2. Retirement for service is optional upon attainment of an age which shall be not less than 55 or more than 60, as provided in said contract, by city firemen and city policemen, and age 60 by other employees, and completion of twenty years of service for the municipal corporation, and is compulsory at age 65 for city firemen and city policemen, and at age 70 for other employees. 3. The monthly retirement allowance payable upon retirement for service is dependent upon such factors as age, sex, salary and years of service. For city firemen and city policemen, retiring at the optional age in paragraph 2, or at a higher age with 20 years of service, the monthly allowance [OVER] e 'proximately one-half the average monthly y during the five years immediately preceding re.lrement. For other city employees, the monthly allowance, upon retirement at age 65, is approxi- mately 1/70th of the average monthly salary during the five years immediately preceding retirement, for each year of service after the effective date of participation, plus approximately 1/70th, or less as may be provided in said contract by the municipal corporation for its employees, of the average monthly salary during the three years immediately preceding the effective date of participation, for each year of service prior to that date. 4. Retirement for disability, except in the case of city firemen and city policemen disabled from injury arising out of and in the course of employment, is permitted only after ten years of service and upon proof of incapacity for the performance of duty. 5. The monthly retirement allowance payable upon disability retirement, described in preceding item 4, is dependent upon such factors as age, salary and years of service, but generally is equal to 90% of 1/70th of the average monthly salary during the five years immediately preceding retirement, for each year of service, with a guarantee of 25% of said salary, subject to certain restrictions and modifications. 6. Disability retirement of city firemen and city policemen, in the event of disability arising out of and in the course of employment, is permitted regardless of age and service, the monthly retirement allowance being one-half the average monthly salary during the five years immediately preceding retirement. 7. The benefit payable at death, except in the case of city firemen and city policemen dying from injury arising out of and in the course of employment, consists of the contributiom of the member plus interest, and plus 1/12th of the member's annual salary during the year immediately preceding death, for each year, not exceeding six years, of service as a member of the system. 8. The monthly allowance payable to the widow and children, at the death of city firemen and city policemen arising out of and in the course of employment, is one-half the average monthly salary during the five years immediately preceding death. 9. The benefit upon separation from service by other cause than death or retirement, is the refund of the member's contributions, with interest. 10. Contributions required of city firemen and city policemen, without credit for prior service, depend upon salary and upon age of entry into the retirement system, the contributions per $100 of salary varying from $5.40 at entry age 21, to $9.32 at entry age 35, for example, if the minimum service retirement age is 60, or $7.63 and $14.35, if the minimum age is 55. Contributions of firemen and policemen having credit for prior service depend on salary, entry age, and amount of prior service, the amount of contribution per $100 being $13.79 for example, at entry age 59, with 19 years of prior service, if the minimum service retirement age is 60, and $16.33 at age 54, with 19 years of prior service, if the minimum service retirement age is 55. 11. For other city employees, the contributions depend upon salary, sex, and age of entry into the retirement system, the contributions per $100 of salary varying from $4.83 at age 20, to $7.45 at age 64, for men, and from $5.83 at age 20, to $8.50 at age 64, for women. 12. The city is required to contribute the balance of the funds necessary to meet the cost of the benefits provided under the retirement system for the city's employees. The city also is required to pay its proportionate share of the administrative costs of the system. 13. Ability of the Retirement System to pay benefits is safeguarded by a provision authorizing the Board of Administration to revise contributions of both employees and the city, in the light of experience under the system. F 124A. 36231 7~44 1M SPO ~~~,_.