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Agmt 2010 CalPERS
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Agmt 2010 CalPERS
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Last modified
6/16/2010 10:56:41 AM
Creation date
4/12/2010 12:40:05 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
5/6/2010
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PERM
Document Relationships
Ord 2010-004
(Approved by)
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\City Clerk\City Council\Ordinances\2010
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e. Section 21574 (Fourth Levef of 1959 Survivor Benefits) for local <br />police members, except those who were reclassified to local police <br />status pursuant to Govemment Code Section 20425 on or before. <br />August 4, 1972. <br />f. Section 21024 (Military Service Credit as Public Service). <br />g. Section 20965 (Credit. for lJnused .Sick Leave) for local <br />miscellaneous members and local police members only. <br />h. Section 20475 (Different Level of Benefits). Section .21354.4 (2.5% <br />@ 55 Full formula) and Section 20042 (One-Year Final <br />Compensation) is applicable to those local miscellaneous members <br />entering membership on or prior to the. effective date of this <br />amendment to contract. Section 21354 (2% @ 55 Full fomlula) and <br />Section 20037. (Three-Year Final. Compensation) is applicable to <br />those local miscellaneous members entering membership for the <br />first: time in the miscellaneous classification after the. effective date <br />of this amendment to contract. <br />13. Public Agency, in accordance with Government.. Code Section 20790, <br />ceased to be an "employer" for purposes of ..Section 20834 effective on <br />Apri! 1, 1976. Accumulated contributions of Publio Agency shall be fixed <br />and determined as provided in Government Code Section 20834, and <br />accumulated .contributions thereafter .shall be held by the Board as <br />provided in Govemment Code Section 20834. <br />14. Public Agency shall contribute to said Retirement System the contributions <br />determined by actuarial valuations of prior and future service liability with <br />respect to local miscellaneous members and local safety members of said <br />Retirement .System. <br />15. Public Agency shall also contribute to said Retirement System as follows: <br />a. 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.) Jn addition, all assets and <br />liabilities of Public Agency and its employees shall be pooled in a <br />single account, based on term insurance rates, for... survivors of all <br />local police members except those who were reclassified to local <br />police status pursuant to Govemment Code .Section 20425 on or <br />before August 4, 1972. <br />
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