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Ord98 2142
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Ord98 2142
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Last modified
7/5/2005 2:58:47 PM
Creation date
1/13/2003 11:59:40 AM
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Template:
CC Index
CC Index - Document Type
Ordinance
Agency Type
City Council
Date
5/18/1998
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i. Section 21319 (Special 15% Increase for Local Miscellaneous Members). <br /> <br /> j. Section 20042 (One-Year Final Compensation) for local safety members <br /> only. <br /> <br /> k. Section 20903 (Two-Years Additional Service Credit). <br /> <br /> 1. Section 20965 (Credit for Unused Sick Leave) for local fire members only. <br /> <br /> Section 21024 (Military Service Credit as Public Service), Statutes of <br /> 1976. <br /> <br /> n. Section 21027 (Military Service Credit for Retired Persons). <br /> <br />8. Public Agency, in accordance with Government Code Section 20790, ceased to be <br /> an "employer" for purposes of Section 20834 effective on February 1, 1980. <br /> Accumulated contributions of Public Agency shall be fixed and determined as <br /> provided in Government Code Section 20834, and accumulated contributions <br /> thereafter shall be held by the Board as provided in Govemmeut Code Section <br /> 20834. <br /> <br />9. Public Agency shall conlxibute to said Retirement System the contributions <br /> determined by actuarial valuations of prior and future service liability with respect <br /> to local miscellaneous members and local safety members of said Retirement <br /> System. <br /> <br /> 10. Public Agency shall also contribute to said Retirement System as follows: <br /> <br /> a. A reasonable amount, as fixed by the Board, payable in one installment <br /> within 60 days of date of contract to cover the costs of administering said <br /> System as it affects the employees of Public Agency, not including the <br /> costs of special valuations or of the periodic investigation and valuations <br /> required by law. <br /> <br /> b. A reasonable amount, as fixed by the Board, payable in one installment as <br /> the occasions arise, to cover the costs of special valuations on account of <br /> employees of Public Agency, and costs of the periodic investigation and <br /> valuations required by law. <br /> <br />11. Contributions required of Public Agency and its employees shall be subject to <br /> adjustment by Board on account of amendments to the Public Employees' <br /> Retirement Law, and on account of the experience under the Retirement System <br /> as determined by the periodic investigation and valuation required by said <br /> Retirement Law. <br /> <br /> 2142 <br /> <br /> <br />
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