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1946 (#3429-3537)
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1946 (#3429-3537)
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Last modified
2/28/2024 4:01:03 PM
Creation date
4/18/2003 3:26:54 PM
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Pre-Charter
Year
1946
Pre-Charter - Doc Type
Resolutions
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6. Prior service benefits to miscelleneous members employed <br />by Public Agency, that is, members other than Local Firemen and <br />Local Policemen, upon retirement for service at the normal minimum <br />age entered in paragraph 4 hereof, shall be allowed only as a per- <br />centage of the average salary specified in said Retirement Law, <br />for each year of such service, and said percentage shall be t00 <br /> such <br /> <br /> o~ <br /> one-sixtiet,h ..... <br />w50,..'"?'5~)per (~one sixtieth" if minimum age above <br /> <br /> · If a member <br /> is"' 60, or ,'one-seventieth" if minimum age above 'is '6'~) <br /> retires for service before attaining the normal minimum age in item <br /> 4, his prior service pension shall be reduced to that amount which <br /> the value of the pension as deferred to said minimum age will pur- <br /> chase at the actual age of retirement. <br /> <br /> 7. The provisions of Section ,, <br /> ~,21258b" if minimum age above <br /> <br /> of the State Em- <br /> i~s 60, or "2125S0'' if minimum age above is 65) <br /> ployees' Retirement Law, guaranteeing a minimum retirement allow- <br /> <br /> ance under certain conditions shall apply to <br /> '("shall" or ,"shall not'")' <br /> employees of Public Agency who become members of said Retirement <br /> System. <br /> 8. The provisions of Section 21367.5 of the State Employees' <br /> Retirement Law, providing a J300 death benefit after retirement <br /> <br /> shall apply to employees of Public Agency who <br /> ('"shall" or "shall not")" <br /> <br /> become members of said Retirement System. <br /> 9. Public Agency shall contribute to said Retirement System <br /> ss follows: <br /> a. The sum of $~1080.6~ per annum, payable in equal monthly <br /> <br /> <br />
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