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Res11 15145
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Res11 15145
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Last modified
10/11/2019 7:46:46 AM
Creation date
10/11/2019 7:46:43 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Redevelopment Agency
Date
9/12/2011
Description
RESOLUTION OF INTENTION TO APPROVE AN AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY OF REDWOOD CITY
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�J Thea is no Plan-de6ned limit on the petcentage or dollar amovnt of amings �at may be coutribuced, <br /> ❑ % of eareings" <br /> `De&nirion of euninga: ❑ Same u Sation VI.A.. ❑ O[her <br /> ❑ $ for the Plan year. <br /> Sa Sation V.B. foc a disn�ion of nondiewnicurion nilrs �6u mayapply ao wn-colleceively ba�ained sd6imurod Plana. <br /> VII. Verttng for Dire�t Hmployu Contrib¢tioas <br /> A. Vnting Sebedule (check one 60� <br /> t� The account is 100% vested at all times. <br /> ❑ 17u followiog vating srbedule shall apply m Diroct Empbya Cooaibutions as oudined in Section VI.B.1 : <br /> . YeanofSwice Vadng <br /> Completed pucenmge <br /> 96 <br /> % <br /> % <br /> % <br /> % <br /> % <br /> % <br /> � % <br /> % <br /> % <br /> H. Tbe account will beeome 100% vested upon che dpt6, dLability� redremeat', or attainmeot of 6enefit <br /> eli�bilitl (o ootlined in Secdoa OQ by a Paeticipam, <br /> 'Defini ' n of retiiement (�xk one bo�: <br /> � R�+�*T•�c u de6ned in the primary mtiremmc plan of ihe Employer <br /> ❑ Separadon from secvia <br /> ❑ OrhQ <br /> C. My period of �ervice by a Partidpaot prlor oo a rehirc of the Perridpant by t6e Hmployer ahall na comt <br /> taward t6e �atiag teLedule outlined in A a6ove. <br /> VIII. FocFeieure Plovieuonr <br /> Upon sepantion From the auvi« of [he Employc prior m aminme'u of bene6[ elipbiliry (as ouclined in Sec[ion I7�, or <br /> upon reve�aion ro the Truat of a Putidpant'c account uaen mmaining upon the partidpant's death (m ou[lined in Seaian <br /> 7Q). a Puticipant's non-vesad fmda s6a11(check one bwc): <br /> ❑ Remain in the Truat to bo rallocared among all remainin6 �P�B ParticiP�ting in the Plan os Direct EmPloy� <br /> Con�riburions fot the na[ and succeeding conu�butioa cycle(a). <br /> �Remain in [he Tnut m be reallocated on an equnl dollar buis among all Plan Partieipants, <br /> ❑ Remain in rhe Tnu[ m be icalloraad among all Plan Pu�icipanu bued upon Puridpant ucomt balu�ces. <br /> ❑ Revect ro the Emploqec <br /> � '. �_ �. , _ . ._ .. � _ � .' . � . � � ::.� ; , � . � . � . . : . . � � <br />
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