1946 (#3429-3537) - Laserfiche WebLink

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1~. 0obtributicns required of local firemen and local 1solicet~en~ without credit for prior ser~i~e, deoend u~on ~ml~ry and uobn ~ *f entr~ i~tO ~he retireme~t s~em~ the oe~ibution~ per $~00 of ~alar~ ~- i~ ~rom $~.~3 at entr~ ~ ~1 to ~14,35 at ~ntry ~e 35. Con~ri- buti0ns of ~ireme~ a~d ~oii~emen ~vinE credit for ~rior serViCe de. nd on salary, entr~ ~e, ~d ~ount of orior service, the ~ount tri~ltion per $l~ bei~ $16,3~ for ~le at ent~ ~ 54, with 19 years of crier service, 12, For other ~ency e~loyees, the contributions deoend upon salary, sex and ~e of entry inzo the retirement .system~ the contributions per $100 of sals.~ varying from $4.83 at ~e 20, to $7.45 at ~e 64. for men, and from $5.83 at see ~, to $8.50 at age 64, for women, based on the Public ~eficY~s election of age 60 as the lowest ootional servic~ re%irenenz ag*. If the Public ~ency elects age 55 as the lowest ootional service retirement age~ the contributions esr $100 of sal~y v.~.rY item 87.22 at age ~, to S10.26 at age 59, for men, and from 88.51 ~0 ~e 20. to $11.61 at age 59, for women. 13. The ~enc~' ~s reouired to contribute the balance of the funds neces- sary to meet the co~t 0f the benefits orovided under the retirement system for the ~ency e~loyees. The ~ency also is recuired to cay its orooortmona~e share of the a~inistrative costs of the system, 14. Ability of the Retirement S~stem to Day banefits i~ 2afe~arded by provision auth~rizi~ the Board of A~lni~tration to revise contribu- tions of both amplo~ees and the ~ency, i~ the light of e~erienCe under the system. C~my Co.oil ,,- BE IT ~SOL~D, zhat the (N~e of Governing Body) of the City. of_~ta~~give, and tt does " (N~e o~ Public ~ency) hereby give notice of int~ntion to approve a contract between ~aid (Name "' Clt~ CO~l! . and the Board of ~in~ration of of Governi~ Body) the State E~loyees~Retirement ~stem, providi~ for th~ particioatlon of said Cl~ Of ~ta Ana in said Retirement System, a (Name of Public ~ency) copy of said contract being attached hereto, marked "Exhibit A," and by reference made a oart hereof. The City Co~cil (Name of GoverninE Bo~) ' of the City of 5~ta Aha and Approved) (Name of Pub'lic e~cy) FIBBa.-3 10-45 200