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Agmt 1999 CalPERS
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Agmt 1999 CalPERS
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Last modified
8/31/2010 12:11:58 PM
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8/31/2010 12:11:58 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
1/1/1999
Retention
PERM
Document Relationships
Ord 1998-014
(Approved by)
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\City Clerk\City Council\Ordinances\1998
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d. Section 21635 (Post- Retirement Survivor Allowance to Continue After <br /> Remarriage) for local miscellaneous and local fire members only. • <br /> e. Section 20903 (Two Years Additional Service Credit). • <br /> f Section 21574 (Fourth Level of 1959 Survivor Benefits). <br /> g. Section 21024 (Military Service Credit as Public Service), Statutes of <br /> 1976. <br /> h. Section 20965 (Credit for Unused Sick Leave) for local miscellaneous <br /> members only. <br /> 10. Public Agency, in accordance with Government Code Section 20790, ceased to be <br /> an "employer" for purposes of Section 20834 effective on April 1, 1976. <br /> Accumulated contributions of Public Agency shall be fixed and determined as <br /> provided in Government Code Section 20834, and accumulated contributions <br /> thereafter shall be held by the Board as provided in Government Code Section <br /> 20834. <br /> 11. Public Agency shall contribute to said Retirement System the contributions <br /> determined by actuarial valuations of prior and future service liability with respect <br /> to local miscellaneous members and local safety members of said Retirement <br /> System. <br /> 12. Public Agency shall also contribute to said Retirement System as follows: <br /> a. Per covered member, $3.50 per month on account of the liability for the <br /> 1959 Survivor Benefits provided under Section 21574 of said Retirement • <br /> Law. (Subject to annual change.) In addition, all assets and liabilities of <br /> Public Agency and its employees shall be pooled in a single account, <br /> based on term insurance rates, for survivors of all local police members. <br /> • <br /> b. A reasonable amount, as fixed by the Board, payable in one installment <br /> within 60 days of date of contract to cover the costs of administering said <br /> System as it affects the employees of Public Agency, not including the <br /> costs of special valuations or of the periodic investigation and valuations . <br /> required by law. <br /> c. A reasonable amount, as fixed by the Board, payable in one installment as <br /> the occasions arise, to cover the costs of special valuations on account of <br /> employees of Public Agency, and costs of the periodic investigation and <br /> valuations required by law. <br />
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