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Ord 2367
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Ord 2367
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Last modified
10/11/2019 2:48:48 PM
Creation date
10/11/2019 2:48:46 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Ordinance
Meeting Type
Joint
Agency Type
City Council and Redevelopment Agency
Date
9/12/2011
Description
ORDINANCE NO. 2367 AN ORDINANCE OF THE CITY OF REDWOOD CITY AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL OF THE CITY OF REDWOOD CITY AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM FOR THE MISCELLANEOUS SAFETY GROUPS The City Council of the City of Redwood City does ordain as follows: Section 1. That an amendment to the contract between the City Council of the City of Redwood City and the Board of Administration, California Public Employees' Retirement System is hereby authorized, a copy of said amendment being attached hereto, marked Exhibit A, and by such reference made a part hereof as though herein set out in full. Section 2. The Mayor of the City Council is hereby authorized, empowered and directed to execute said amendment for and on behalf of the Agency
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@J' Therc is no Plan-defined limit on che percenrage or dollar amomt of amings d�at may be connibuced, <br /> ❑ % of nreinga' <br /> `Definirion of earnings: ❑ Same u Sarion V[.A.. ❑ Othu <br /> ❑ $ for the Plan year. <br /> Sa Sxtion V.B. Cor a diacvamon of nondiaaiminacion nilu rhu mayapply [o Imn-collectivdy baz�ined tdFi'wicd Plans. <br /> VII. Vwtiog for Direct Hmployet Coatrib¢tioas <br /> A. Vnting Seheduk (check one bo� <br /> � 17u aaount ia 100% vattd at all wnes. <br /> ❑ The f°ll°°n°6 �a�"B achedule ahall apply ro D'vat Employer Contribuuons a4 outlined in Section VI.B.1.: <br /> . Years af Senire Vndng <br /> Completed perceapge <br /> % <br /> % <br /> % <br /> � <br /> % <br /> % <br /> % <br /> C % <br /> % <br /> % <br /> s. rhe.cunnt..ju baome l00%.e�tee apoa the a«rb. au.bu;ry. rttirtment', o�.tmin�ai �trwes� <br /> 'Iigibillt7 (as oodlned in Smaon D[a by a Pertielpant. <br /> D n of retiiement (�eck one bo�: <br /> A»�^�+^•^� u de6ned in the primary retitwmt plan of che Employa <br /> ❑ Sepandon fmm setvia <br /> ❑ Othu <br /> C. Auy paiod of ar�i« by a Partidpaot prior oo a ae6ix of the Partidpant by ihe Hmployee shall not comt <br /> toward tLe vatiag uhedule outlined in A abo�e. <br /> VIII. ForFdturc ProvLiom <br /> Upon separation from the aervia of rhe FmP�OY� P�� ��a�oT �beoe6t eligibility (as ouclined in Seaion D�, or <br /> upon meraion m rhe Trurt of a Puriapam i account weu remaining upoa the puudpant e dnrh (aa oudined in Sation <br /> 7Q)� a Parricipan�'a non-veated funda ehall (chak ooe bo�: <br /> ❑ Remain in the Truat w be reallocated among all remainin8 �P�OYas Pattiapating in tlu Plan u Direct EmPloya <br /> Cont�ibutions for d�e nact and succeeding wnmburion cyde(a). <br /> �Remain in the Truu m be rcallocated on an equal dollar buie among all Plan Participants. <br /> ❑ Remain in �he Trus� ro be rallas�ed among all Plan Putidpana bued upon Pucidpan[ account balanca. <br /> ❑ Revac m tLe Employer. <br /> � <br /> �� � ._ ..._ _ _. . __. .`� <br /> � , <br /> �' <br /> a . . . �. � _,. . _ ^, .._ . ._:� . � . <br />
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