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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
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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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4. Employees of Public Agency in the following classes shall become <br /> � members of said Retirement System except such in each such class as <br /> are excluded by law or this agreement: <br /> a. Local Fire Fighters (herein referred to as local safety members); <br /> b. Local Police Officers (herein referred to as local safety members); <br /> c. Employees other than local safety members (herein referred to as <br /> local miscellaneous members). <br /> 5. In addition to the classes of employees excluded from membership by <br /> said Retirement Law, the following classes of employees shall not become <br /> members of said Retirement System: <br /> NO ADDITIONAL EXCLUSIONS <br /> 6. The percentage of final compensation to be provided for each year of <br /> credited prior and current service as a local miscellaneous member in <br /> employment before and not on or after July 10, 2006 shall be determined <br /> in accordance with Section 21354 of said Retirement Law (2% at age 55 <br /> Full). <br /> 7. The percentage of final compensation to be provided for each year of <br /> credited prior and current service as a local miscellaneous member in <br /> employment on or after July 10, 2006 and not entering membership for the <br /> first time in the miscellaneous classification after the effective date of this <br /> amendment to contract shall be determined in accordance with Section <br /> 21354.5 of said Retirement Law (2.7% at age 55 Full). <br /> 8. The percentage of final compensation to be provided for each year of <br /> credited current service as a local miscellaneous member entering <br /> membership for the first time in the miscellaneous classification after the <br /> effective date of this amendment to contract shall be determined in <br /> accordance with Section 21353 of said Retirement Law (2% at age 60 <br /> Full). <br /> 9. The percentage of final compensation to be provided for each year of <br /> credited prior and current service as a local safety member entering <br /> membership in the safety classification on or prior to the effective date of <br /> this amendment to contract shall be determined in accordance with <br /> Section 21362.2 of said Retirement Law (3% at age 50 Full). <br /> 10. The percentage of final compensation to be provided for each year of <br /> credited current service as a local safety member entering membership for <br /> the first time in the safety classification after the effective date of this <br /> amendment to contract shall be determined in accordance with Section <br /> 21363.1 of said Retirement Law (3% at age 55 Full). <br /> 11. Public Agency elected and elects to be subject to the following optional <br /> provisions: <br />
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