Res01 14255 - Laserfiche WebLink

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Section 21325 (One -Time 3% to 15% Increase for or on behalf of those Local miscellaneous members and local safety Members Who Retired or Died Prior to January 1, 1974). g. Section 21326 (One -Time 1% to 7% Increase for or on behalf of those Local miscellaneous members and local safety Members Who Retired or Died Prior to July 1, 1974). h. Section 21317 (One -Time 15% Increase for Certain Local Safety Members Who Retired for Service Retirement). Section 21319 (One -Time 15% Increase for Local Miscellaneous Members Who Retired or Died Prior to July 1, 1971). Section 20042 (One -Year Final Compensation). k. Section 20903 (Two Years Additional Service Credit). Section 20965 (Credit for Unused Sick Leave) for local fire members only. M. Section 21024 (Military Service Credit as Public Service), Statutes of 1976. 8. Public Agency, in accordance with Government Code Section 20790, ceased to be an "employer" for purposes of Section 20834 effective on February 1, 1980. Accumulated contributions of Public Agency shall be fixed and determined as provided in Government Code Section 20834, and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20834. 9. Public Agency shall contribute to said Retirement System the contributions determined by actuarial valuations of prior and future service liability with respect to local miscellaneous members and local safety members of said Retirement System. 10. Public Agency shall also contribute to said Retirement System as follows: a. Contributions required per covered member on account of the 1959 Survivor Benefits provided under Section 21573 of said Retirement Law. (Subject to annual change.) In addition, all assets and liabilities of Public Agency and its employees shall be pooled in a single account, based on term insurance rates, for survivors of all local miscellaneous members and local safety members. 14255