Laserfiche WebLink
11. Public Agency, in accordance with Government Code Section 20790, <br /> ceased to be an "employer" for purposes of Section 20834 effective on <br /> April 1, 1976. Accumulated contributions of Public 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 Government Code Section 20834. <br /> 12. 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 /> 13. 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.) In 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 Government Code Section 20425 on or <br /> before August 4, 1972. <br /> b. A reasonable amount, as fixed by the Board, payable in one <br /> installment within 60 days of date of contract to cover the costs of ' <br /> administering said System as it affects the employees of Public <br /> Agency, not including the costs of special valuations or of the <br /> periodic investigation and valuations required by law. <br /> c. A reasonable amount, as fixed by the Board, payable in one <br /> installment as the occasions arise, to cover the costs of special <br /> valuations on account of employees of Public Agency, and costs of <br /> the periodic investigation and valuations required by law. <br /> 14. Contributions required of Public Agency and its employees shall be <br /> subject to adjustment by Board on account of amendments to the Public <br /> Employees' Retirement Law, and on account of the experience under the <br /> Retirement System as determined by the periodic investigation and <br /> valuation required by said Retirement Law. <br />