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7.B. - Page 5
<br />Affil
<br />Ca1PERS
<br />California
<br />Public Employees' Retirement System
<br />AM NT TO CONTRACT
<br />Between the
<br />Board of Administration
<br />California Public Employees' Retirement System
<br />and the
<br />City Council
<br />City of Redwood City
<br />The Board of Administration, California Public Employees' Retirement System,
<br />hereinafter referred to as Board, and the governing body of the above public agency,
<br />hereinafter referred to as Public Agency, having entered into a contract effective July 1,
<br />1941, and witnessed July 11, 1941, and as amended effective July 1, 1954, August 1,
<br />1959, January 1, 1967, April 1, 1969, July 1, 1971, September 1, 1971, September 28,
<br />1973, December 1, 1975, November 1, 1976, July 1, 1979, February 1, 1980, March 13,
<br />1989, August 23, 1990, February 13, 1992, January 14, 1993, June 22, 1998, October
<br />14, 1999, November 21, 2001, May 6, 2002, July 14, 2003, June 28, 2004, July 10,
<br />2006, January 22, 2007 and July 9, 2007 which provides for participation of Public
<br />Agency in said System, Board and Public Agency hereby agree as follows:
<br />A. Paragraphs 1 through 13 are hereby stricken from said contract as executed
<br />effective July 9, 2007, and hereby replaced by the following paragraphs
<br />numbered 1 through 16 inclusive:
<br />f:
<br />e
<br />.¢ y
<br />All words and terms used herein which are defined in the Public
<br />Employees' Retirement Law shall have the meaning as defined therein
<br />unless otherwise specifically provided. "Normal retirement age" shall
<br />mean age 55 for local miscellaneous members entering membership in
<br />the miscellaneous classification on or prior to the effective date of this
<br />amendment to contract, age 60 for local miscellaneous members entering
<br />membership for the first time in the miscellaneous classification after the
<br />effective date of this amendment to contract, age 50 for local safety
<br />members entering membership in the safety classification on or prior to
<br />the effective date of this amendment to contract and age 55 for local
<br />safety members entering membership for the first time in the safety
<br />classification after the effective date of this amendment to contract.
<br />f , s _ .y: :. .im� �F S mss. Y: � - f �'. _.,. I'.� .4{' � • {. -. if •..
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