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Reso 2001-041
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Reso 2001-041
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7/20/2012 5:21:35 PM
Creation date
7/14/2010 1:45:37 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
3/5/2001
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PERM
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~°" TEASE DO NOT SIGN "EXHIBIT ONI.`~ " <br />7. The percentage of final compensation to be provided for each year of <br />credited prior and current service as a local fire member shall be <br />determined in accordance with Section 21362 of said Retirement Law (3% <br />at age 50 Full). <br />8. The percentage of final compensation to be provided for each year of <br />credited prior and current service for all local police members except those <br />who were reclassified to local police status pursuant to Government Code <br />Section 20425 on or before August 4, 1972 shall be determined in <br />accordance with Section 21362.2 of said Retirement (3% @ 50 Full). The <br />required member contribution rate is 9% of reportable compensation. <br />9. The percentage of final compensation to be provided for each year of <br />credited prior and current service for local police members who were <br />reclassified to local police status pursuant to Government Code. Section <br />20425 on or before August 4, 1972 shall be determined in accordance <br />with Section 21362.2 of said Retirement (3% @ 50), supplemental to <br />Federal Social Security. The required member contribution rate is 9% of <br />reportable compensation. <br />10. Public Agency elected and elects to be subject to the following optional <br />provisions: <br />a. Sections 21624 and 21626 (Post-Retirement Survivor Allowance). <br />b. Section 20042 (One-Year Final Compensation). <br />c. Section 20425 ("Local Police Officer" shall include employees of a <br />police department who were employed to perform identification or <br />communication duties on August 4, 1972 and who elected to be <br />local safety members). <br />d. Section 20903 (Two Years Additional Service Credit). <br />e. Section 21574 (Fourth Level of 1959 Survivor Benefits) for local <br />police members, except those who were reclassified to local police <br />status pursuant to Government Code Section 20425 on or before <br />August 4, 1972. <br />f. Section 21024 (Military Service Credit as Public Service), Statutes <br />of 1976. <br />g. Section 20965 (Credit for Unused Sick Leave) for local <br />miscellaneous members and local police members only. <br />
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