Reso 2017-054 - Laserfiche WebLink

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PLEASE DO NOT SIGN"EXHIBIT ON�LY" From and after the effective date of this amendment to contract„ 1 % for classic local police members in the San Leandro Police Officers" Association. The portion of the employer's contriibution that the member agrees to contribute from hiis or her compensation, over and above the member's normal contriibution ("Cost Sharing Percentage"), shall) not exceed) the Employer Formal Cost fate, as that rate is defined in the CalPEfS Actuarial Vailluation for the relevant fiscal year. If the Cost Sharing i Percentage will exceed the rellevant Employer )Normal Cost fate, the Cost Sharing i Percentage shalil automatically be reduced to an amount equal to, and not to exceed)" the Employer (Normal Cost fate for the rellevant fiscal year.. 15. Public Agency, in accordance with Government Code Section 207901,. ceased to be an "employer" for purposes of Section 20834 effective can April 1, 1978. Accumulated cantributiions of Public Agency shall be fixed) and determiined as providled in Government Code Section 21834, and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20834. 16, Public Agency shall contribute to said Retirement System the contriibutions determined by actuarial) valuations of prior and future service liabiility with respect to local miscellaneous members and local safety members of said Retiirement System.. 17. Public Agency shall also contribute to said Retirement System as follows: a. Contributions required per covered member on account of the 1959 Survivor Benefits provided under Section 21574 of said Retirement. (Law, (Subject to annual change.) In addition,, alll assets and liabilities of Public Agency and its employees shall be pooled in a 1959 single account, based on term insurance rates, for survivors of all local) police members except those who were reclassified) to local police status pursuant to Government Code Section 20425 on or before August 4, 11972„ b. A reasonable amount„ as fixed by the Board,, payable in one installment within 6p days of date of contract to cover the costs of administering said' System as it affects the employees of Publliic Agency, not includliing the costs of special valuations or of the periiodliic investigation and valuations required by law.