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PLEASE DO NOT SIGN "EXHIB�T ONLY" °��°„ <br /> o. Section 21548 (Pre-Retirement Option 2W Death Benefit) for local <br /> safety members ony_ <br /> p, Section 21574 (Fourth Levei of 1959 Survivor Beneflts) for local <br /> safety members only. <br /> q. Section 20475 (D'rfferent Level of Benefits). Section 21353 (2% (� <br /> BO Full formula) and Sedion 20037 (Three-Year Final <br /> Compensatlon) are applicable to local miscellaneous members <br /> entering membership for the firat time in the miscellaneous <br /> classification after the effective date of this amendment to contract. <br /> Section 21383.1 (3% (d155 Fuil fortnula) end Section 20037 (Three- <br /> Year Final Compensation) are appiicable to local safety members <br /> eMering memberahip for the first time in the safet�r classification <br /> after the efFective date of this amendment to coMract. <br /> 12. Public Agency, i� ac:cordance with Govemment Code Section 20790, <br /> ceased to be an "empbye�' for purposes of Sedion 20834 etFective on <br /> February 1, 1980. Accumulated contributions of Public Agency shall be <br /> faed and determined es provided in Govemment Code Section 20834, <br /> and accumulated coritributions thereafter shall be held by the Board as <br /> provided in Govemment Code Section 20834. <br /> 13. Public Agency shall oonttibute to said ReGrement System tha contributions <br /> determined by actuarial valuatlons of prior and future service liability wdh <br /> respect to local misceAaneous members and local safety members of said <br /> Retlrement System. <br /> 14. Public Ageney shall also contribute to said Retirement System as follows: <br /> a. Contributions required per covered member on accoum of the 1959 <br /> Survivor Benefits provided under Section 21573 of said Retirement <br /> Law. (Subject to annual change.) In addition, all assets and <br /> liabilities of Public Agency and fts employees shall be pooled in a <br /> single accouM, based on tertn insurance rates, for survivors of all <br /> local miscellaneous members. <br /> b. Contributions required per covered member on account of the 1959 <br /> Survivor Benefits provided under Section 21574 of said Retirement <br /> Law. (Subject to annual change.j In addi6on, all asseis and <br /> liabilities of Public Agency and its employees ahall be pooied in a <br /> single accouM, based on tertn insurance rabes, for survivors of all <br /> local safety members. <br /> c. A reasonable amouM, as fuced by the Board, payable in one <br /> installmeM witliin BO days of date of contrad to cover the costs of <br /> administering said Syslem as it affects the employees of Public <br /> Agency, not including the cosfs of speaal valuations or of the <br /> periodic invesfigation and valuations required by law. <br /> RESO # 15140 <br /> MUFF # 904 <br />