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California Public Employees Retirement System - CalPERS - PERS - 1945-01-15
oo • ,. t fr r d+tf, .� •F . ` t ,. � � .� rr� ,, * � � ice• � F � '� Y� ` ri'L1121� llrE 07 y i• r f y y Y \. • "AFL t M�, f • + � ''�'. tw,jl' � fed � � �} - + ''� � ' •• t• ��• •� �� �4r� �.�'•�-t�� a '` 1(k f{�� } 'Pf :r � RY' L'r f t �•, r. /yr r1 '.� r�i'rj7. L�+ +rYt•�T,. _I; +ri �.. t s , � f r r iTMF rs : �Ir �• ' � • * R ,*4 {W y ,r�li'-r GYM :7. ... R ._ ' I �• r * ..a. r�� Y .�',� t yf �" yr. � i ° , � � � r y # � r ,� / p,. • r j• •1�'1 7. }rY N+ t � �f �'•. �! 1k+ j • ,+rr y� � rr ! �!-�•1 •M� • V�.}y�fr '' y�•yA: i+�^ ' d �'� AF+ YY� � rkF '�„�. . ' �-'r�. � 1 k ;r' fr)i.i� �j� � � ��•, �r`f fir+ ,,�� ti• ra. +�►'1 1�" tA•R' • + r ` �. I sir • i +t{,l.r r�'�' I�� r �.'ti l_Y i'•:�,1{t1Y� 1i - -,t v f I W1 r .1 _ 1• r •'a• �Y � r rr r �' . ±1T! Aq dw Ir. IV s iov aq r .y �'. .. • fir, ? fir• C�' • • * 1'". R v i F 1r y : r[ ��.r.�; "1h • 1 -t �-t i . r n. ; ' -Y k. 'fir F^! }"r4�+�' ,t •,� : . , f r . Y l s L `P�� ik�� r i, N ". a �. { r, ryijh� A .�a � ti • �. . '• , v+ : r h s . { � y i ? L' � - +': y ��.r�R'+ r ��f.�.�r� .�S • y..+k f.�'• �... � i '� t t ;r. •'�.. rr r ''�-r F 7 ;+•r{'i ,;, -, lam' .y .Y t '1 Y .` •• ,` � .!� %• y.`Y �- Y - ••' � r 1a A 3 �: �•• , }:N rit r. ,'� ti+. '."mow .'tl-'. ; ••y-r ' ,{ t. ;y4 r * ,• ' � � / _ •�•r'Y. ,Y1.Y �, 1 �' •_ •.* •* -.•' tcy A � � •,� � ,. q f1• . I*�5 ti r .• .. ,+ .-l! , • �- * .• .ya �' s.a���. i` a {j-, � •�y.. .1 i• ,. _ .qr ,�F. �^ • :t• -i ? a .. � + G1 •, ..R 1�•.+��~l r .. 1Ati ti. �.. •'�. ` - k'"q�J• t* ' w, +'`~ : •ti i i41 „4-''ter '-.r, - y'. J � �.I K � i• (I .� 71~�J� ���%phi. ;�, �' /. '.'' - .. • ' .'�'•r�. � "- stir- •"� t — 4 ' Ff �T ti YL( r 3. Employe"s of Public Agency in the following classes shall becose mombtew of *aid Retirement Systwm axcept such in each such clans as are excluded by IA% or thiit agreomentr a&, Local Fire Fighters (herein referred to as Iocrl safety "mbers)r b. Local Police Officers (herein referred to as local safety members)r 1. Local Police Officers shall include individuals defined by Section 20020 of the Government Code ptlor to its amendment at the 1975-76 Regi►lar Legislative Session, efWtivu Jeknuary 1, IP76, employed by Public Agency prior to such amender^nt r c. Lifeguards (included as local safety mombers)i 4. Employees other than local safety members (herein referred to as local siscell-sn"us members). i. In addition to the classes of employees exclade4 ErC4 meaterchip by sa1S Rstiremer.t Law, the following. classes of saployees shall not become wfmberc of snid Retirement System: A. CROSSINU GUARDS► 04PLOYEES IN STUDENT DESIGNATED POSITIONS AND SEKYOR OUTREAM ASSISTANTS HIRED ON AND AFTZM MP.RCF 18, 1911: t WD b. RESERVE FILM FIGHTERS HIRRG ON AND AMER DEC92MER 1, 1956. S. The fraction of final cospensatio' to be provided for each yeas of credited prior tnd current servitw as a local mis^ellane+.us member shall be determined in accordance with Section 21231.13 of said Retirement Law (2♦ at age $0 Full). 6. The fraction of final compensation to be provided for each year of credited prior and current service as a local safety UCAber shall be determined in accordance with Section 21252.01 of said RetLreeaent Lati (21 at age 50 Full). 7. The following additional provisions of the Public Emplcyess, Retirement Law, which apply only upon elRction of a contracting agency, shall Apply to the Public Agency and its esployets% a. Sections 21380 - 21387 (1959 Survivor Benefits) excluding Section 21382.2 (Increased 1959 Survivor benefits) and Section 2082.4 (Third Level of 1959 Survivor Benefits). b. Section 20019.3 ("I-ocal Safety Member" shall include city lifequards as deacribed In Government Cc'de Section 20019.3r. 4 r hF..� Y� C. Sections 21263, 21263.1 and 21263.3 (Post-netirtmertt Survivor Allowance) for local Eire members only. d. Section .1000 ("Local Police Officer" shall include perWA assigned to identification and corawunleation duties in the Poli:.•e 9epartirent who were not clasaifled as local saftaty members and who were in such employment on or prior to August 4t 1972, and who elected to be local safety members prior to April 11. 1975), e. Section 20930.3 (Military Service Credit), as defined in Chapter 1437, Statutes of 1974. f. Section 20024.2 (une-Year Final Compensatic,n). g. Section 20818 (Two -Years Additional Service Credit), as defined In Chapter 327, Statutes of 1982. h. Section 20936 (Cancellation of Payment for Optional Service Credit Upon Retirement for Industrial Disability for Retired of Rwtirir.g Members), as defined in Chapter 885, Statutes of 1913 for local safety members only. S. Public Agency, in accordance% with Government Code Section 20140, ceased to be an "employer" for purposes of Section 207S9 effective on April 19, 1975. Accuaulated contributions of Public Agency shall be fixed and determined as provkded in Governmlant C44e Section 207S9, and acmaulated contributions thereafter shall be held by the Board as rrovided In Government Code Section :0759. 9. Public Agency shall contribute to said Retirement System as Sollowst a. With respect to local miscellaneous members, the agency shall contribute the following percentages of. salaries earned as members of said Retirement System: (1) 0.221 percent sintil Jun* 30, 2000 on account of the liability for prior service benefits. (Subject to annual change.) (2) 7.280 percent sintil June 30, 2011 on account of the liability fnr current service benefits. (Subject to annual change.) b. With respect to local safety members, the agency shall contribute the following percentages of salaries earned as tatrtb�.rn of said Retirement System% M (1; 0.051 percent until June 30, 2000 on account of the liability for prior service benefits. (Subject to annual change.) (2) 19.342 percent until Jur.e 30, 2011 on account of the liability for current service benefits. (Subject to annual change.) a� ,y�.�1••j�p[Y A r �• � • , r ,fir sf^v.l+ +Vr,' • , � � r + �� � 1 a r h 1 { �rf `` �„ , r .. { TLi ,?� � ., 1 • r f �' t � . r � �rfF' y�.t i� �,7l�, n i't., •, ,'i �� 7ti • :/. �s, •�"�•- 'l�•'. ,{!i, 1.}T�•'�j1' I c, A r*esonable amount, as fixed by the board, payubis in one in- stallment within 60 days of d:;�e.of contract to cover the costs of administering said System as it affects the #.,ipioytiss of Public Agency, ict including the costs of special valuations or of the periodic Investigation and valuations required by law. d. A reasonable amountp as fixed by ►.he Board, payable In one In- stallment as the occasions acise, to cover the costs of special valuations on account of employees of Public Agency, and costs of the periodic invastigxtion and valuations regt::t*d bk low. 10. Contributions required of Public Agei.cy acid its smp).oyees shall be subject to adjustment by Hoard on account of amendments to the Public ftployees' Retirement Late, and on account of the experiance ender the Retirement System as determined by the periodic lnvestigat!on and valuation required by said Retirement Law. r 11. Contributions required of Public Agency and its employees shrall be paid ty Public Agency to the Retirement System within thirti days after the end of the period to which said contributions refer. or an say be prescrtbtd by Board regulation. It more or lest than the correct amount of contributions is paid for any period, proper adjustment shall be made in connection with subsequent remittances. Adjustments on account of errors to cor,tzibutions required of 6:ny empinyee may be made by direct payments between tht eoployee and the Board. i. This ndapnt shall ba effectiv n the l day of SOMD nE ADMINISTRATION CITY COUNCIL P(i'BI.IC EMPLOYMNS' RBTIRF M-P SYSTEM OF THE CITY OF HUJI01" 5,�AC1� *0"2 BY+ z'7liti SANDftA C. LUND ASSIS':'lr+" zX9CWIVz OFFICER HRNEFITS SMVIC!.S PSRS 0W-T02 {Fai F i •, (Rev. 9/46) EY residing officer I 2&,u..Z a.iet __ Witness Data tttest: 2 ev •/'% - r C ark ------�-� ��,. •Cn�rw�'4yP,;: ��;.. �...'� .. � .s,rJ. � � ..u'u Y�r.•' {'. ,;'.r,: .� ,� . •y�l;y +�x� ,BLit �. l'T.Y $Y yv. - ,i try Y y�`'Iq`��'. ,t + �. '' ?� ~, N' . . � t . , � � .. �'i: e'a �, �i Ili'}�• ••Y', •71J.Y'Y �I ^ a p. ,�y• ai' 7. �. ~yYr�• 1y�� ' `y..' .n � ...�� � • �- � .L-:_ +..'`yn..• �,�. [ �• .1 - • .4t Zt �!+ r.ye } � '•Y �ilY'�LJF. t • 1lY'S q' ;7• `�: �!. .4.. •e. •, '!d:• !(Lys r•.1' !:,• `i AMKN©ICNT 10 CONTPUT RR'TWREN TO WAND OP ADMINISTRATION OF THt PUILIC CMPI,4-%'C I RETI►tEWT STATbM AWD zHK C1 T? COU NC1L W THE CITir OF WiNrINOTON KArh Us Board of Adai»iatratfan, Public laployseo' Roiiremrent 3y►ettal hRwiaof''ter mWerred to so Beard, and the gnver"Ing body It above Public agency, hereia~- arter Warred to as Publin Agenor, having ontwed intc a eototraat effseti" October 1, 19490 and wLtnosssd Oatabor 27, 1945, and ws amn#ed effective Jamary 1, 1990, Moroh 1, 19529 Moraatoer 1, lV t', March 1, 1954# October 1, 11614 Jeeuttry 1, Wit January 12, 1974, April 10, 1915, V4brtiaty P1, 1976, lwgwft 79 1975, September 17, jffT: A«ptetrber 30, 197A, June 0$ 1981, March 18, ItAg and February RA, 1983, which proiidos tar partieipatiop of Public Apntmy In cold syateml lowed cad Public Agency hereby Mdrse as followrst A. Por'sgraphs 1 through 10 ore hereby stricken free said eaptrroat so soloed offsotty* Pebmary 94, 1983, and hereby replaoed by the following paragraphs omaaberaC 1 throult 11 inclusive: 1. All words amd terns used herala which we Wined in the Public 9"loyees' Attire mat Low shall bavo the waning as defined therein glass vkheraise spoelfiaal,ly provided. 90arrmal r*Ureatat argm" aaall ocean age► 60 for lonal also-Alloneovs members sue or 50 for local a are* wesobtrs. 2. Public Agency shall participate in the Public Ro pleyeea' Retirsdeeat Syst4m from cod after October 1, 1945 n*Ing its emplayW as haroiaafter provided, or►emaera of slid Systems aubjeat t4 all yoCavitions of the Public daplgrees' Retirement Lm twicapt auah ea only only on election of o contracting tgsnoy► emd are not provided gar heroin and to all aomee omata to said Leer hartaftrr es:aated exowpt those, which by express provi`ione thereof, apply only on the election of a amtraa- t,•,ng agency. 3. Worees of Public Agenat in the following alassss shall tecom imaiibera of said Retiremnt System except such in each such clean as n-s sxclm&4 by law or thin agreek*tt: e. Loan! Fire Fighters (herein referred to as lcual safety somelmrs); n. Ir 11 ,pti •nl{�y"^.i.: '.91K r ., y �•', r +tA'r • 'e t :;-ti -.A, L 'L fr;' fryr.'� r Irr.r.�Y:� 4i4`' i +�a�?•,,... f..,'.:•.''F�J � ' +� JI �r• ar J:1 4 +' �ii i 4 � •r ,,;+' r r::l�.�` •7;r^• . fib � � ill" .� �:'' ..r.Y .. a�bx•',"' : , .� .��'�.�,��.� t. ,�.� r r`��:'.r '.'•,.i..'" •.r?' .',f.':+.r..•-; ;J.i.l'.�.� of b. !vocal Pallet Offiaers (heroin referred to as loyal safety aaobers){ 1. Local Police Offloers ,trail iriolud,# individuals defined by Section 20020 of the Oovei runt Code prior to its samdsent at the 1975-76 Replar Legislative S®oaiar., olfeative Aweuusey 1, 19'16, employed by Public Agency prior to slimh aw.dmwnt a a. i.ifeduards (included as local safety wabors)i d. ><aiplayRes other than loyal satoty uoumbers (herein rofetired tid as laeal >aisoallenoous mobers). N. In additioN to the Glasses of onployeos excluded from membership 4 said Rrtlrowenf Law, the following olwats of employees Shall ut buioame wardens, of said Retirement Systest a. C1023I0 GUAN09, 9HPLOTIRS IN 37MINT 09X MATKD PDXIT1013 AM SIX10k GUTUACM A2313TAM73 HIM OZ AND die MiANX 18l 19821 AND b. UUM It F2112 1115M'I'!M3 NIRSD Ok M AMR THU 1I!`! MYS OATS OF TUM AtMEfEp!'iJ1T TO CONTRACT. S. `&M fraetinn of final aompensaCion to be provided for uech pea• of aredited prior and current servtoo as a local miscellaneous mewtPor shall be datertaLmed is a000rdenne with Station 21951.13 of said latiromet Lax (29 at ap 60 Full). b. The fraatl.on of flual co"wootion to be provided for oarA"i Ye-- nt weedited prior and current service as a loyal safety tar,► t- shall he detersciaard in accordance with Seatioa 2129.2.01 of acid 1101remant Lm (21 at aw 50 lull). 7. The following additional provisions of tN. a Puglia XuuplayoW Retirement Lof, which spiuiy only upon eleatton of G daintrsoting ageaay, shall apply to the Public Agency and itt eiMlopeea: x. Sections 21360 - 21387 (1959 Surr',vor Pr*sroM) axaluding S*ntion 21382.2 (1mroased 1959 Survivor Imefita) and Section 21369.4 (Third Level of 1959 Survivor Benifits ). b. Station 20019.3 ('Local Safety M os WA shall Inalude alty lifeguards an dt4oribed is Government !Qde Section 20019.3). a. Stations 212639 MGM std 21263.3 (Post-14irecrittt Survivor All(maaae) ror loos! fire members only. . f tit �� .� .0 « •+ .i>'j,� l lr_fi � �/ r ��rt � � �� '�•.-art y-•��^ � v L .r Aj� , {,y��, .yam '. • � 1•`�, �•*, + J'r 7'Iry },:"i 1 A +, l�' i �.•'• • ,�!,��.i+'t�'j�Y�e.��.r-c ��� '� �. e. -+,�,: ,� y k.• r r" �,. , • M1'� f .4 '. I ;t J447L':k�.;'(r ,f'. ':it.'�I;C,Y�•,� 1-�'• ' .-..,b /!k; �,�•��i :,�.3 ,'.�r, �'.ti r1:79M! r rr d. Section 20020 ("Local Police Offiaor" shall include persor►s assiSn d to identification and aoaemiaaation duties in the ?alias Dapartnent who were not alassified u 1o061 safety ewsoderers acid who were ie! such awploymat or or prior to August M, 1972o and who elected to be loosi safety ausbers prior to April 3# 1979). t. Section 2030.3 (Military Service Credit), as defined in Chapter 1437, Statutra ae 1974. f. Section 20024.2 (Ode -Year Final Conpsnaati4a). d. 3eotina 2018 (Two -Years AOO?ioOal Service Credits), as defined In ChaPier 32T, Vstutes of 1982. i. rubli , Agesay, in r eeordstoe with Govotr sent Wds Section 20740, oessed to be an 1eeagloyer" for purposes of Statior. 20799 effeet.ive on April 19, 1975. Aocasulated oa'atributioaa of Nblle Arssay Shall be find and determdued as provided it Oovernnsat Cade Beatles 10,79$r 04 aowN l&,4,P" ceptributions tharaafte:r shall be hold by the fdard an pr'avidtd to Geverna*nt Code Section 2059. 9. ftblia Agency shall aeaatribute to said 2r'tirea�rat System as follwa: s. with respect to local miscellaneous ae:gaera, the r.vwey shall o ntrileot+e the following p*raeategss of salsrl*u earned +as sestiors of said Natiraeaest Scatter: (1) O.,M p'emint until June 300 MO or easount of the liability for prior serviot beuefita. (Sabjtbt to ana►,eal change.) (2) 2.759 W.. seat until June 30, 2011 on account of the liability for current sorvioo benefits. (SubJ90t to moral choose.) b. with respect " local wcty ansbers, the &peer shall contrmte tho following geratatsps of nalaries earned as wobers of said >Zei,irwr'ert 3yateat ON, 0.070 ya V40nt until dugs+ 30, 2000 on account of the liability for prior service benefits. (Subject to eanual chsnlo. ) (2) 20,8`ii percent until June 30, 2011 on noowut of the liability for current service bernefits. (3ubJo.:t to snausl Change.) o. A reasonable aeount, as fixed by the Board, paayable in one ia» stallaeat within 60 days of date of contract ►to Doter the costs at a6ministering said SyAtex as it affects Um erployees of Public Agency, net including the costs oT Vaoial valuations or of the periodic inveutiption and valuationm r*:;irtd Ly 1&u. ,J"�Z,,iy:. .�M.K .� - yr! •L` •, t �•�"�;', ..�,.� r r '� iiFti '•.:1. '.: y. a�'iCC'Y',,�� :'1'��!,� '.it .: ::�..� R�.. �,1i1.., .... �[:j• � �� ,.......y;`wyc,•"r3 s'r-;+i.`',fir;',,.:�,,'s—.—..:r4,^,I�+ r. JA L� d. A reasonable swawnt, ss fixed by the hiwd, payablo In aae in* :tallrent a the ocassioes aria*, to oorar the costs of s"olal valuations an aecwnt of oyloyess of Public Aprtay. and costs of •.he periodic investigation and vialuatioiis ropired by lac. W CoAributioss rwquired of Public Asoney sad ttx 0"loyreas SM11 be Ob jeat to adjustment by board on account of ssandaeatki to the lbblie Imploy teal betirw*nt Las, and on oaoount of the eieerLonot eider the Rotirewrot System as determined by the I ndic investigation ad valuation rquirod by said Retiresont L4. 11, Costrilbutians required of Public Agency end its *mployees shall be paid by Publin Agency to the Retirement System withata thirty dsy►s after Wo and of the period to whi*h sold contributions rotor or a my be proscribed b7 foard reRulttiox, rr %are ar lets thins the corset samst of conLributiona is ptld !br any periods proper raajostmat shall be mrads in *,sanction with subsequent mUttaots. Ad jumtwnts on aaaeunt; of errors in eantriwtiams rmpir*4 at awy *Vlcyee st r be made br direct psymmts between the "loyso and the hoard. hh. Tbkc vmavk*s n shell be effects an the �.� � � day at VoeNa OF AbraNxaThwTioah crTs aacrN= FUILIC M01193+ AZTI MW =11M of M an or mminT a nka hhx ACTIM; RUCUTTYR OFi'IM Approved et to form Lepl Office, Date PEAS-Cop-702 %AMMKEAT) (Nov. 9165) sr -,� Presiding Officer / A&M&W.i.i�:r 3.2 d 7+ r.r Witness Date Attest: Clerk Data j� 551 tip,, ro� � �e '{� '#gym i�+,,� t•.t. `r. 4 yi 1C t }ti'�• � rd`Wr r w r 1 ;R .jam,. - 1��-'. iyt - _ ••�j.. -r '�' •r1tiSi11Wili��:" ' � .�:�'•�.:.,..:,�,..�.. _ ., ..s.._�,.. _._ .. 1� , ':�; l�' it LTATE OF CALIFORNIA EDMUND G. BROWN it, Gwana PUBLIC EMPLOYEES` RETIREMENT SYSTEM 1416 NINTH STREET, F.O. BOX 1fJ3 SACRAWNTO, CALIFORNIA 95110 �•i.�l,ara (91a) 445-6570 Reply to Section 250 Contracts ilivieion March 17, 1981 Me. Alicia M. Wentworth City Clerk City of Huntington Beach Port Office B03: IN Huntington Peach, CA 92648 Dear Ms. Wentworth. Agency #0097 The amendment to the contract betveen your agency and the Public Employees' Retirement System to provide: fnr the exclusion of Crossing Guards, Student designated posh tions and Zer—' or Outrc-aca Asoigtsnts hired on or after the effective date of this contract amendment, has been executed by our office. A cony of the contract as emended is enclosed for your file. The effective date cf this amendment is Iilarch 18, 1982. Dearing a telephone conversation on FebruRry 23, 1982, I informed Me. Wentworth that the amendment date would have to be changed fron Larch 18, 1982 to !larch 27, 1982 to coincide with PERS payroll reporting, This information VMS erroneous. Since the amendment doesn't affect the employer contribution rate, the amendment can become effective imnediately followiLs the date of the final action of the governing body. The amendment effectipe date has been changed rank to the original date requested by your agency, Kar6 18, 1982. If T can be of any further assistance, do not hesitate tocont&ct me. Sincerely, Karen Xvant$ Contracts Division KK:ddw Attachment /tip .fit, /. ��� •'•. J, ,�.,V�lh �• ' r ;r 3't i•Arl •.'� '.a'A+.,t.. L*� � do-y'�'� � fir'. •.+ ••�Fp?i L'a, , •. �., t' � 5, rY'� •� a rt Ts a.y MO An?ntltiE" TO M. NTRAt"^ BETWEEN TFfDr PilTIr c -;;nnYrr% .' n!`nT",r►1-!ram-vc•rp.• 3ir C17r MUACIL 0)' TRF Ci4'7 OTr iiu"I1K1"'(M PrArll The '.loerd or Administre.tioc, Public ftploye,s' Retira*eut Rynton, herein- after referred to ne Ror,v4, and the governing bodr of mbova public aonvy, b+lm4mmft"t- rnge•rred to rim Public Aganoy, having entered into a contract adder dnto of Octottnr 27, 19Ac,, cff. cti'!ti Or•tnber 1 , 1?41i, and PA rtrAndr,d OffV.Ctirer Jamtttry 1 , 1950, 11nrrh 1, 1952, 17oretrbar 'i , 1931, Mesh 1, 1?", October I,, 19611, Jamtrrg 1, t471, Jnnuary '?, 19"4, April IA, 19'15, February 21, 1975i AuRast 7, 1976, Onptanber 17, 1nY77 er+r' Sophrrater 30, 19'71.1, vhirh p.mvide* for partmocip►Men o!' F•!L!?r r.rtr.^v 'n r:.aitt !lr^t._n, rrt•e�•t �r.t1 ^tYi�i':e lriency hsrel� agree +te follo-om- A. Paregrgphr 1 through 10 nre tixri:by strict-, rn from torrid r:ontra t e�a a:vaettte'd efftetilrn �er)tenb2�4 4), MIS, Anti hP.rcbv, rcrl ce4 by tht rnllovintv, parm— grapbr roml%--rod 1 Vnro-.Wi 1't irrlaaivet 1. All words and terns uped hAr^in vh1ch nro dnftned 4n the Public Fm,3(tgenw' Fc-t•.rt.-went Lmr rhr+ll hn•:p- '.bo L)rfning r-3 Wined therolA unitas othervicr spncifieRlly provident. "ITormil. ra:irnraeut RRr" shall roar. .f-- F^ for loci anvil une, raj for local enfety larnt ,sre.. 2. i'nt`Ii- Afrr.:,y rbrt1r1Tk,te i;, t},- p„l,lic firployces, Ratiresent 5,vathr fmr and nftor notob.-r 1 , 19Ar wiAcinr its employeen ms herein- fifI r•r prnM OH, h=•rbt�re of f*id 1.4yrtr'i rti*Oe^t tr.- rill r-ovisions of the Public iret'rement l,ry s+.lch nn npp:,, only on rior+*nn or !; ccr'r!^+irr r:f`r11C.V 2"14 :•i•' T)nt D-OViR3 for horcin and to nil r-rpndm itv to on -id Lr+a hereofter enficted oxccpt such as by erprcr.r Troutriors tin -rani' rnrl.} only on tt:o olr criou cif contr.ac':inr 3. })rplLyr(La r!' r. AF'rnT ?n the fo?lorir•p rlsanea-shr,Zl b0come momb4m oi, nP16 retirrrrnt rrnten rxcent mucli ir. +prh such c1hra na aro eycluded by Inv or tM2 e-„repreni s S. T•c^r' (herein refer!•rd to as Inc-31 ckfrty mexber+s); b. Loo*nl Pelirngrn leznrn'rs referrP6 to Qy 10CS1 er:fety laeabers); !.1•iT+�' ^n r�r^r.'1 h�a^!(+!S+!7^I�11^i= MR 1nCh1 EA;rt'g members); d. r^,-+lnrsnn otia F..rn lor•q? nnf4ty n-mba 5 (,hrrAin refrrrsd to ma 10^91• !!jnrnllarn�,.lp ;-aw.�P7`FS1. Tn !-"44-Inr in `ie, rlstc^8 r,f tI,loti't•(:-.xc,I:l?cd f.^cz. r( be"hip tT tsni''cti-t:r�^.• Icy, fr•n lollovi^.g clet'vss of ;—mloyers shal1 rnt rarn,�� �h..tn..� n!' ��`d frntem— , r� T7!'LiTercnc .•Mir:•[ �-Y . ':� ..: -++tom•., , �%K �' r n^. �'�� l i, 1•_,. ( rti. ln° R. 'tin, p• R / :I�t') t •r� 'r� t•.. 1`".1 ' ;'r : _ •,';'8(.5/, �.!'ZA ',� iTVXyIn. S•R .'1 'SL��ti•� ' �,�j�l��J air` � r��. �!'/' r. _•,�►�' ..y J�rSrc '. ^ � � �._,;r. +�f s��r�•.....�._. '�'" ��. �1 '.Li.ii'ie-,� �.Y'�ir. •t. _�e., •.6.xi k` S 'Y.� .�5�„�,. ti'A• 0 4. The fraction of final corpennAtion to be provided for nnoh year of credited prior and eurrsnt vervicc sa r_ local inlacellaneous :aeetber stell be determined to rccordnnett with Section 2125t.fl of gale! Retireeeent Law (21 at age 60). 5. The fraction of final compensation to be provided for each year of creditud prior and current survicu an a local safety membor shall be detemined in secordence with Section 21252.01 of said Retirraent "Lax (27 r"t apt so). C. :sae ^I 1llc lair rttl•7it;.��Al provisions of the Public Ezvlo}Para' 'I".stirs- mv-,t Law which apply only upon election of a contracting &66%.Ty tlhall a21'ly tc the 'Public Agencp rind its erploycns: Ike Sections 21380-•21W (1959 Survivorr ProgrAw), b. Section 20019.3 (providing for the i:.clrai.on of lifetunrda on ocean beaches as local aNfety vembere). C. Sections 21263/21263.1 (Poet•-rbtirneant survivor Allowance), for local fire safety tac•mbers or.l;r. d. "Lccnl Policemen" shall includ6 perRona etasignpd to i4nn1•ification and communication duties in thr. Poles Departsent who etre not now local nafe+ty nenb«rn rRnd who ware in such emplay"rt on A+urg iat 44 1c.172, who elect safety mesbmrahip within sixt7 daon of the effect'' tive date of this exf-Mmer.t. e. Section 20910.3 (XilitAry tennis credit) as defined' in Chapter 14r7, Statutes of 1n74. f. Section 2M24.2 (One-year final conpentnt.ion). t. Section 20033.6 (Waiver of age 70 retirement) for local eeiscel- Untoua .•rembers only. 7. Nblie Areney, in Pecordnnce with Socti.n 20740, GGvernment Code, ceseed to be en "employer" for putlooees of Chapter 5 of the public rvployrna' Fetirev nt Lnw effectivo on April iR, 1975. Accurn: rated contributions of Public ASpncy no of the aforementioned. date rhall be fixed crd determined oo provided in Section 21)"59, Goyim ant Codo, and rccuaulated contributions as of the eforer, ntionnd date^ and contributions thernefter mode shrill be held by she Fonrd as provided in Section 20759, Goverment Code. U. Ptlbllc Apancp vhall contribute to said '?yettz Fs follows: a. Witn respec-,"o minc-llnz.vo1:8 nombnro, the arenry st, sll can -- tribute the !Poi awing percentnrv.v _. rr: 4 hly c:Ill.: icA c nr and os Mimed lnneoun rprl r r- of ?Lie '17r (n! (1) 0.111 wrcent until Jur.^ ",,n, 201n, vt• r cxLu6: : " i:-'- linbi l.i ty for prior ser• -, cm bene!i ts. (2) 10.72F pewter,*, on rccoicitt of the linb;lity for tnrrnnt nervico henefitn. ' 0.202 percent on eccounc of this lirbility for the 1�~ 4. �,�'.� �jt •. �'i�yA, ,r, ..�,�y+w�ti:•,o: ,.t,•,r•}:. Y;l�it•�ti;�� �I �f�Cr ..�• /11At:, i ; •,I t' .��;: '•t •., [ �.t. '. ..:.'.., /7r.Z, ..S {�'� r't�,t+�I�'I�s�,r: lm.L_ u. "�•, r�..�a...i,t �r�adird.+i..1 Ts�rrr.r._.�.nr.'. b. With resipect to local snfoty rembera, the sgency shell contribute the following porcentopAy of r+en4ly mplerirs earrnd an Local anfety membnx•e rc rnf,i Roti rtfc9r•nt r,rhtmn.: (1) 0.012 percent until June 30, 2000 on Account of the liability for prior serviet, bonefitts. (2) 26.036 r-rcant on eacornt of the liebil'lt:y for eurreirt service 1•r,tr�i.tts. r•.. A rr►snanubin vzourit por fiumm, r7►s faxr+3 by M. Board to Cower the run`cu o' ssirinistering said Fyctar an it taffocta the explayofei of Public AFcn►-y, not incicdlnF "lie costa of 9-pf-elml valasaticne, or of the per!odic invnr,.igntien rnti v.9lwntions required b; lac. ►i. A teasonpble amount net fixed hT the Board, prypeb:le In ont3 ' reent t" the oocersions aria+, to cover tho costs of opecial yalua- tiont; on tircount of cnployeNc of Public F!avnc,y, nrd rosts of the 'nnriodic invenfign'_ion And valuationm rwquircd Tay law. 9. Contr!bitionm ranuirrd of Publir: AOrnTj anti =tip ° rploMer.°s shall ba mabiact to adi iu0nont t; Poern on account of r,►a, ndments to the Public ftglo, -en' ?eti^r.: r:�+ I:rm, nr.1' on nrecun',: of thr experience under the Retir�-rcct !�ymt;m co dotermirrd try the Feriodic jnvetstignt;iot► And ialur.t..or, requi.rut! 1y said it.ttirpmin` Low. 10. Cuntrilnitions equ!rtd o'' Public Agency end its etrployeoe mbnll be Imid try Public Agency to the Reti_tt:ert System sil Vhin thirty dnys cuter thc• and of the period to xhi',h acid contributionR refer o: ats nay be preacribeO by lloard reruIrtt :on. 'If more ar Iona thrn the correct nsonnt. of contril,01ons in pnid for any period, groper ne,untment shr,1_1 be md,^ to connr-c'ion with s►:bscfjucat remittances, or t;n account o'' rrrorc 17 rc •tclbutirme required c`,' ary l,r: wflI , h dirflCa. rpy-_^nto hLYrlr.rn +h1: C't+.r1cyce and the !teen!. ftynents ty Public Aernty to '-oPr" my b= ride in tt:e force o: wrrrcnta, 1-0- cltccl-a, hnnk: ernftr, crrt{i+oe rnntsy orders ar cr.sh. Be This r.nend=cnt rh,.11 be nttechcd to raid contr:..r sn,,' !:-!,ill to effecti.ve on .Ls .�1 dr..y of June 1 to 8L liitnk*3a Pill han^o tl:r '� d-y of , 1941- NL1.Er•b OF A.l'HInT:MATIOX J7T'!' ^^L'rJIL PuBLI", Eynnyrrf!, &F".LRC"xt;ri mnr, , f'ar 3. F. chirllr:, Fz' itivi. 11ficL^r .pproved an to f om: E :~•3 ttir ^_I:F ►'� i� '� IitTaj.':.?'L`�yr rt �RI Fii Pr'+.•njti'nt; L'iflret•"++''1ii� .Attest: v f l•4 GL.0 PEA,", CGH- i02 •.�, .. al.+:.M• .A' - 7777— , .r+^f .�_' f•A:i S .. t , y / •'1V1' i7 , '. T. :. • ,� ...''i '7a�'.I�r�"rL.•s� ' ties i ;..'. ..: L .. • y •. j�. tr r� f•,^' ...fyljjt;,.' '� ` ..(�� �. ,,�;1t%01, H 77 ` ti �1h #. :. ;Fti w•i it i'7 `'A- A•'fS ".AY "A i� Fr * � •' � # r • d }" . � ,�i ���"�'a'i, � � 7z �� }; +L� r�` •1! r' ?� �',�;'fir r '�}R "'i , �` ' 1r y''�yFnh*� +� � •�' t }k,+L �;•���' ? 1.f ,�� t't Ri '4.y � � ' M , � '' , cr��,� � a �'i�r^y^�;'� ?r *;.A*i V' 4R�:3' •. `r {tj'�' � •..« . r an titre.'..] rontri},uta b, iri.tli •re•.'�oof to local r3ntRof rtnthly tiic s� t'ie t'ollrw}nl� jrrr�rnte��9 of nonti^iv n�+ Ir.tfpes rsrnyd ge Local r+n!'sct� raet3hers c,, ,ri:'i pRti »wient ,r-ly1ty" Yp 2QOb on r,tcount of the (1) 0.012 percent until June ,, laebility tor prio^ parvire benefits- (�) 26.03d trercgnt on eacour.t of th.-, liribilit7 for ruz'reitt nerv;.te iwn„fi tu• at• nta;tUn, ,'rt fix.=�i }� thK board to rover the c• A reranautiblei nr:aunc P r at7n eta it atfcc.e 4'ha e2pl,oynes of ccetes o*. adrtinifltrrinp; cnic7 s publir• Ar,,nr•9, na'; ir.cluili -1, +l,r roe•"-n of eP+'�c�liiedutvilaw.or ar tYte periodic invPs*iga�.rn Fnd v.•,luntian~s �. A reasons �t r' ntnotinl, r+': i'ixod }rr the }�axrd, pay::b1R` '.n one inotsll— went t1n the nacnoiota nrie''•- t0 cover. thu enstA of npacirl vrr us'" f rttb7.i r, A c nry, tJ%K rpst of thb 1 ionr, on uraount of cr'.D.nVe► a a. warioeic fnvc:�tiPrn'San rand vR7usttiann rhrlairr� by 1.>.x. g. Gontr Mt 0 gt+ rAnuir^u or Aub:ir, RC-n..p r:•:,i =`.p ..rpluyRns Alrntl bo +.e en�uts+,rsoat b;; Eoarcf on Occmllt ;,crcunt• a� thv orpnrinnaetp to tuud hw Public on a 1 1{ r.nr. an Ec.r1V f-cIs Pc'• _ern :tt I,nu,+ t ,,�riohir inva�+tip•Itior end p.r►tircttr:r,t Sy9ten cu dncr;r.i:tc'd try t.:a F . vs.turttor. rc,u!rcul tr QA.:d �uiir•,•ttirtr` r',•!r. . ]n ec`e shnll be end t tN cr'P Y 1o. Contrilritio„n rtn.ui'red LoF crpi iia.Mcn Y �yo4 « .iL ci:, �hi:•tr drays pnid by public hi3`--ocY r,lter the st ' of the perioJ to wbt{annr'i`Tt" rQ a'rtlene !heart 03 Ra r.ris bra pm.!icrihor! IT Ron f� nic' for �,n1` pnriod, prQpar correct er,ount of aontxibu._ona -•� P• + rF sired tt rce nd�uratr�r:nt ahsll bc• rtidc«in a�,;uteini�ortribt'�tor,aciur�t i+e*3ttr�rccts, o rro !•t::^lc" a and P(l,�U!!�L1f:n4 t azr ge,,.Dun ?; .y?C'. l:Pf•ti. rte}rT±� tlt,ti i i. r!r•Cr! •�1. es►r,'o;r.:c ar-� I,(; n0v h r .rcr to ";,rr.l Pry tr rode 3>; tl:n form thrs ror:re . Peyvrntr l:v Pttbl_c AR., +. •,,.... n, ti rnr;y crde.'ts of xr 7r"rta, }'►:ny rhlo`!•a, finny f•. . or crim- •-r, r.hr=11 r� etfrrt+_ve on Thin �seacson, „ b: nt'.act ca tr r,nl.r} nr.. It r+rt•! jm * 1116L B, tba cin;r of r Z 1 n. d' S o - Vitneara cur h_• rT^; r^U�CTI: 04 ArmRri5^V^ %r` 107' R1RI! i OF .,ctl - �,-..t rG. PUBLIC F`iFL0,1 iz nr:ve ltf:c.•r Car J. P Chinkc:r Approved as to for;: b: Pr�riidirtE; Offfctr� Alb ,..`.#.A TIN '{+'"•+� w � Aar' .y �' "�+. at��••+ •,.►� y.�r , Y1. ,K A• � `t �.',. .• .. .. a •.•!'��!'c'4 Y_ - :a �1' .� it ., ' + . •. ,'' '.{,' rriw' 1 �.., ['r YI w .,Y ' k � II �r s, 6"i�,+.11 tj, jyy t ! f - . , , • - , t f „ f �1 +. .r ii'� �/ ��Z W�I F j f , ._'', y/4 ' ' ` .`t '� ` , 11i ; ,3 �1 /f�! ,, ••j , •' { : jt i � ,. r' •:,. ; 1- r'f;C jr'T', r d .. ,. /�'ra t.''i:,t4•,r j•,", .`<'• A='� 01 ,r .(�t,r\�, y'./fy �, 1. r ./��, /•' ( ,'S { ';fit ,: rA'3'I' '�' f .,�•S rJt+r. ;.� .. 1_, � , t 1.'• , t •� ,!, �,i •/It ,+ C i }/i^ r'� k°f r'r�•, t '! f•. T r, .t . 1Y r,.l YI tZj {�i ' ,b=t,`�: �.�{ S'fr'ir� ,� ir••I ' _ v'' M•nw...,y'r ', �:,y• r,•j •. 11 Yf� ;F fi�£ i , ,1 4 �' �' .� ; Z „ f;fi:" l.,: t „! � , .. � . t'. jy' `, -,L.�,y� i i �'• . +' •':' ��l � r,,,,'..'..,. I . • 4•r 1 / r�, �ti�ili�Y>a¢,� : � �t'•' !'•�Y 7, .e S �, alp rt ,` 1 •a, = to .. {.ii ,. �..,, r-. ... .... .,�1 �.'II.'it tdif .�i1.1a.7'•-f..r •.ra. �Y �.i. 'f:.%:'l 't7J',.p, i� '.('fp.T ?�'',. 1 I'' �• 'r:/ •�� 1,a.'w';�»' 4r�...f1S+`..�...-.........A ....'_Ili.' ..1' I', ,'"k'"1,•7��,1f Y: aa ,riiy } , J r.• OUNCIUlACTION ,r. Jar p� �G•(r: •g ;�.a , -a FOR 11 WREQUESI [.., -r,,, '•','� r, ',I,:yA• fits , �r• •"1' I "f' {,y' y" rato �je:�i'IFj,�:.��,,. C�H ''',fsi�'i{.�1,�5'1MN and Cit:jr CAUCilR-n.orable MayorSubivittLA to: �A' /•"/7�k ;cUVY'� SS �;. , •, 'ra, SUUn'ittt—r--t 'les W. L1 capson, Cit-jr AjchL4nistra.4.dr �(f•Y+�.1 •',t ! l '1 � 1 ' .. �, C • J' '.,, • i. r. , ��d:. � 7�' 1 i Arguello, Chief of Administrative Se ices CITY k fa'•' Proptred by: �•' B. Ar 1 ,��{�,r• riffs .r; �, ,+r` COl`ILN1.CT y ,...,r r,. ;'Ra;. �,• AM1T T() P'�LS �'{,/.,'a s' . 1 Skrbjrn:t: EXCLU°It3v OF CERTAIN rITMRARY POSITIONS i ` " ! t• '; 7 .,�A'tl •. ' ,../ ..,..�+�•�'��..... �..�.�+.-+•.�.^"" �.....r . '', ,7: •, , ,, it Actions, Attachments•A. ' Stntament of Irsc�a, Rocurrrmandation, Anal}{sis, Funding Source, �;Itarn>3tivQ i-1 Y; +r '• , f STAMPIA T OF ISSUE: �'`` = ''J 'r:•;' � nssif i.e. Cross Guard, t' The City wishes to exclude certain t�ea�ors,-v c1 icatio � � student desi gated positions and Outreach Assistants from liability for retirement in excess of 1,000 tours per year. r conC--ibutiorw if the inrunbent Forks IIENDATION : ttEat Ordin. o modify FERN Cicity Coinicil adopt "lice t Contract• "J +_ 'xyy�}' ''; ta; �}i�:t •1 =' E•; tit iL hag petitioned tt, a Public Employers RetiremeRetirementSystem for exclusion cf the rzfe Cit tio:lcd positions f1-am the r anal. service liritatiorv, wrich involve lxmefits City wisrec to allow these inc-mbent-s to work more t-tlzlt `;'� •'', ;'1 t' �,'" elf t £ar tb;~ incumbent:. The y ";. /• ion but under tl� present contract the City would be / the onr-hall tiff,— limitat 1 ric.,�1g1` r liable fcl� ratirerncmt benefits . PETtS will allay exclusion of these sp. e!- 1 `': �., ' w'' • 's , a blanket usion because of the liability to 1 -1 • � classes rttt will not -rant t excl pernmellt mployees with prior te�rq oraxy service. City t^,rnan :il has adopted " • .i ,�t'', + rf dif `,.. y' Resolution 507Z3 on Jarn•iry 4 1982 to initiate the m ication process. ;11NUING SOURCE: ;` J / ib cost irnrrilve:. f'I r d-10 ALTULRAA T E AC�'IOS : � • r��''" T T e the esent system of limiti.11g se. posi ti.cns to 20 hrnss per �.erlc. c , .o ca-ktin a pr she :. i •'S J A .1L ��'f ., '•r. ATr!'1.(.' NEW': � (sl �l/• '„ � rry rvt,'t i- '. i o Hx;ntincyr_oz Pr-.ach Ordinance of rhP CLLy f • 1 +ri ,,;{' it '�•.• •. . CWr: rflk: sty ! , ;; j r Flo arot i � ,. '� ,, , • '.{.'' � t' ',.. yf' -r✓ •. .,r..'. .. ..fir"�' .. , i � r ?1h;°I e 4 , d: *',� .i .•- --irrr•r. .p.P rPNd'f;,-•i•nl,.e••'�•^ w• .r ,T'{� '?F•!;'.4, {r �K ,�'••,--- ..r, ,,t.: .' ;f!^ *y-,Y yew, _ .8 ,lf ,..�' •�'�'1`. •`YtL`�` 11'}+ �' ''• '� :' "- i r 4.h. , t,,,. ..t: 'r•' r �, r•' �n �'•�,� r,r!. ;}r' •r r,, t. K7 i1''�. �E`�e. a )�`�[,a� .�t.?li�A.�.��7. hl��'� r 4".Jw, n[.+tA Gh.��l �'S�nr1�RQ,.�f..it•'sN�SL. li.`1.,. �i'/.!`' _r 'S: :f.7b: �!Lrdl %r.Yi="�w.1a.71Y.uJ��1'i '�Ys: R:fis�•.. 41 1 7 "J" is A �n, I r?j� q 6P ..... ..... ..... ee.'iI.1lli 'Ar, A. aka REQUES 1 1-0"" ft;" CITY COUNCIL"ACTION 'late Dec ember J-5, 198. Honorable May and City Council Submittud to: Charles W. Thctmpson, City Administrator Subinittod bit, hief of Administrative Services 0,95 Frank B. Arguello. C' V Prepamd by: 'All I I I AMENDMENT TO PERS CONTRACT - Subject: S V 0,.', 1 - , - ITe, EXCLUSION OF CERTAIN TEMPORARY POSITION 4A t of Issue, Recommendation, Analy2iv. Funding Source, Alternative Actions, Attachments statomen 4 - STATEMENT. 07 ISSUE: if irationz, i.e., Crossing I�Jluard, student exclude certain temporary closs y wishes to designat;vd positions and Outreach Assistants from liability for retirement contributions If the incumbent works in excess of 1,000 hours per year. RECOMMENDATION. 114 City Council f7dopl attached Resolution of Inte nt. ANALYSIS: TMT Tir- yFos petitioned the Public Employees Retirement System for exclusion of the aforementioned positions from the normal service limitations which involve benefits for the Incumbents. The City wishes to allow these incumbents to work more than the one-half time Ilmitntion, but under the present contract the City would bB liable for retirement benefits. PERS will allow exclusion of these specific cl(Isses but will not grant a blanket exclusion because of the liability to permanent employees with prior tempo, rvl - cry se -a FUNDING SOURCE: AIR Ived. , ALTERNATIVE ACTiONS: o" To Iting these positions to 20 rs p.�r week. o)nt'tnu---th-- present system of 9m ATTACHMENTS: Resolutlan of Intent. P C'NVT:FBA:sh fit 1.7 4 L.4 P10 4131 . . . . . . . . . . . .4 UM wvwr MT %Mq �' ,,,,gip, /.'•,i•!r' ' { J r 4 VM` ftv �, F ]F t4 tikp 'MAP... :�.ltG, y �"' r.. * • 1 7 y ,i l� a { /Jw� [ r 4T .� },1.wr,7 .f . , wF J P • _ � f ' f; +''j,.) J� ." +f, � 'M 1� ]fir{J.i ai ,� � • r , _ 'fir �.� y "� t" sr laj i �' •r, f 1 i' *K Y.l1.,` s{ , , �''v.• ,f7�T,.''S�'�h.I� •fir � � •'. a . N •' tir' �, J •► �* t•! 1i5re'�, fib r.ruf ?1,'}, .S+ „ Af r. �4F w Rfy y r;at ykii . rr' •r � ' J+[1 �� '-r'�[jr _-w•y�,��il:l ti�.1 } r. yi',, �„'r ! 3tt! rX ..� s ,, •s , i r ,' y , xgM�•�jx, � ^ +�SkrvMtM rr -' �� ` , �,;+Yy � <�a.� .: tr � '�•„ 'r'' 91J �} .1 r'! .>S r F 7+• t I c��� v5 ;r .ryc�� 1I:1(, ;lint.h ::traet, Sat ramenty CA 95809 11:?ii::-ACT-6 (Ray.is,�d 7-77) CO,WRACT OF 0'19'Y OF PUN"MM.TON PEACH 1.1TI'N THE FUBLIC FXKDYEB5 t RETII01171T SYSTL-1.1 FOR M:ING AJI ACi[UARL".L VALUATION AS b7A77D NEREIN fiy this AGRM- 5?Pr made this Eleventh day of —Tanur -7 ._ , 1978 , i.n accordance with and subject to the provisions of the Public &Tplo-yeest Retirement Law by and betwee:t the Governing Body of the above Public Agenc)•, hcareinafter refcrred to as Agency, and the Public T'.rtployees t Retire, ient Gvgtem, hereinafter referred to as a,VGter, Agency and System agree as follows: j,: • ' *'41, A. Agency herewith retains the sor%lces of `system to perform the valtiatic_•r.(s) rea d' Ad ' by Section 20461.1 of the Public Flnrloyers' Retiranfint Irrq for the Virpose of deter- ►: J mination ky the I;oard of Administration ef' the Public 1•hployses f R tire , System {� of the contributions to be made by Agency under Agency's contract t'ritSt sJ,tid Ward if the benefits under said contract are supple-nnntei tri a combination of rerefitn shown as uns of t be vart.S cal column.^, on attached Exhibit A. 'The fee for each combination +`? • ,`e.r'? �' of new hencfits is shown at the botto;r,. of the respectivo column. Agency will pay 1J1l6-00 to System upon completion of the actuarial valuation, such fee being based on the nur;ber of employees (bo' 1t activn and those leaving contributions on deponi.t) included in the valt}atio..i and the mnnhorship cateporios and different combinations of new benefits in.ulved. C. Arry and all data and information requested by System from Ag nc• for iine in compi- lation cf this valuation shall he fu,^rtished to System by Agencyupon rrequc4t b.- S�*at,er�. Thfl actuarial tables and procedures to be used in the valuation sr2]1. be 2 � in accordance rrith the tables approved by said Dcard of Administration. System shall. have sole control of the valuation and its judgment in the daterminat;.on thereof shall he final and conclusive. All work shoats and final results and reportn, the j r #•.'"; •, product. of the valuation, shstl be and remain the propert; of the : ystcm. 4 rlr M,.• ilitness our handzi the day and year first above written. PUPLIC %tTDI :.e,.S e RTfiI1t� ,F,'!T frY.;T:%1S CITY OF 1i1}17Ti!r'[T01! 11F.AC11 01 + ' ICY Carl J. ill .hinter. I',xcJct+ ve Officer TI'; M'r. Personnel/Larox Relations In", APPROVED AS TO FOR.'rt: DON P. BONFA Y City Attorney Ci �trtMrno Anendment Valtiation '1r�r +•4 r%I'YTirrrsur.s.wl►.In•r./•'^r•r w.....+•r �..�.. .......�...�...nwwr•Wx.al'LY/vr++.rw+a...r..ir..•�••••....�.....r�.•iw......_.wN[.t"�'.,tt�.,�"�"„n m.ww-++•••.—•—�.Frrw• 'lJ.y7A,.::; . , . , � { r r k . 7 ,: r • .. r . 1 . • '�Jr�, ,'� ,� p�. 1 ` ��> \ J r ' ,%'�•4;,bt:,,.'•;: r�' f,` �� � 'r. w [.!.• r` �f.,S•1. '4 ti"•..•:,:•'^it11"� ,'T� wit!, r !' t• ,, t ,ir .. - } r��,r +y 'i�ftA1'.n;'. r'si' n ,l�.w�{•'`�`,�r''. ,r,r r$rr� tr,. , t. ;J� '' ,r rli�.t :r,j;l',+J''+^, ✓wt:r,F•rf j� ��„�1.i} �jy: �; �r •'jI r. .! f , t, 7 s . s ' `' 1 , r` i J •`.��' ''rp•''A+k`if�' y�'.�/ f Y Y j t }' \ t1, + 7 i s F ,}.+}� •i 77 `�w\ f�',N'•y}•}ff" �y�f � '!J' ., •�,: J ;t, r' ,,:'f .'."tt .,>r� t 'r�Try Y' ,J �1,.�.f�i� • 44 J 7r1[t�, Jr� ! � j ... . , , � r . f , • r w . f �. i . !' ti". �(`y��� i'`ir v �d15, ,J »,'4 , � `,iSY{ j�•',�'J„ � .°' ''� �tr '1,tY r'�4�r•TI° w+'rr 1 ",! f �'1, �, r i- 'I\` - Nr11 r „, r�ddd.{a"','�lY� tj, ••' r. J w r• .. ,' �� ,(i{• .' 'r•r.�r`! .11��'.�t4�I ' / �'I w1.1 ,'t ^. � ' A•) '. 1 J is 3 . . • i 1••\ r , .. / � I 1 J � H � 'A'h A� �lII � ■ ! � 1 J; �•y .YYI(1se ..•i �.[7 •1 ;..t1NF51t 1�,�Yy` . 1 a �IiMM 'r 1 1! jr'•. ,/, Tr�X I, ( S4*S41v .J. r. .}. ' 1krt., r'� • v r�tj fY � r' ' r ''✓ r ! ,i . , flri:"rJ4.��ri 4 �.f " •�'�,�'�t PJ�rR''i .'l+o'rr ',,t'. .. 1.. r �,r >. .hP��l+„1f�"/t /(pk�J.eA1rfYLLurYMtiW1�V.'lY:•••iSY.iYiuiw ...�—r�w�Mn.rrnM'w..xM` :�N'u:eery,.,",CII!aVMV%1Rasit:abhl:wersw►a.ire/•aR+cs �L'S'4rL ' W�'YYD'trY 'bfbY.Y/Ylh�{I�. �•1 . L,,u DMT TO CONTRACT ]MITEM T11MC) DCMW 0? ADMISTPATION xr=a XXPLOY=1 RM., MT SYSTIX AND M CITY 0 WHOIL ON THS OIT~ OF HUNT'INGTON BEAM The Board of Admindetrationt Public Employeeae Retirement Byetemt hereinafter reftmd to as Board and the CITY COUNCIL of the OITY OP HUNTINGTON BEACH, hereLn- afte:•refernd to as Publio Agenoyt ?saving entered into a contract under date of Ootc,bcx 279 1945t effective Octobrr It 1945t as amended effictive JanuYarr It 19500 Lrrch 1t 19520 Rotrember 1t 1957, Mav-311 1t 1958t Ootobor 1t 1961t January 1t 1971,t slapuary 12t 1974t and April 18t 71975t and an pi-c-t►ide:d by Ohopters 170 and 316, Statutes of 19719 which provide for y&rtiaipa Lau of Public Agsney in said System, Bot rd and Public Agency hereby agree a@ followet A. Tho following subpara, aphs uhtil.l be added to Paragraph 6 oi' seJ.d jontracts 6. (h) Section 20024.2 (defining "final eompene3atioVI on the baeias cf average compwwation earnablo during the your imcmedia -ely pre: - ceding zvtir3ment or sine other one year period elected by the member) for local polioer,-, ,Ad lifeguarde on oocan beaches, B. Paragraph 7 (b� ohall bo stricken from said contr&2tt and the following Paragraph 7 b shall bra vubstitatol therefore 7. Public Agenoy shall contribute to said Retirement System an Yollowat bb With roapeot to looal safety maLabesrag the Public Agena;, shall ncntribute the followL ; percentages, of monthly aularies eu ned -k ;,•,; as load nAfety msmbAre of ss3id Systams f + (1) 10.295 percent on account of the liability for current service bonefita. r (2) 0.075 percent on account of the liability for the 1959 ourvivore program. . ' I 1 • . 1 IN �,. i' ' r_ wL. ...• JJ 0, This amendment shall, be attached to acid contre&t and slsall become effec- (. tip on the21 day of kebruary, 1976 ;'r "�!`• �.�7",i'..'N., . �/•' ;} r 'r .w..rvuw.�rw.�w�w.�w a wlrrr a 6 fi '.� A. AiJ Y , ,�ti•J T f�i:.t" •r, i1� H�{',i'. r, ',4fi, 7.itioe0 our hands yuy C! 19 day of a 1976 �tD APM OF NISTRATION CITY COUNCIL OP Ma ffMT8M CITY OF '��'r';��,'•<�;:i"Il'HGSO SIiF'LOY�t RETIRIO~�iT iTUA'TIA03VAi ARAGH ` r X , f�sl„' J. m[,;!�1 ` / '%r •i�r%-•Fr ,Qi .�....{G��/�.yf��y���"I✓ v Carl J. esohiangert utive Officer aiding 0.ffic r r( 7".=`, � p,"4 w; Approlred as to forms Ati;uat: Y A.- 9'.'k•X.''"'i`1•il�{.. +�'�i■ iy7m6' .Y A w.rn i ■ 1 ■ I.r w� Y�},3!1(1"•ti�l'P„5 !. ROVED AS TO FORM Clerk DOM W. 80Hot. 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F r r,l r 4 '+r M'� i � �irr.{if f r•lr1 '� t4 �.. r r.•'I s ' � �' 'r4 Y�r ♦♦'�r r L Y `.j. Yf. r y'r I •:' �i��' '�frlrr` r'A„��j �� Y:fa r�+r; '`k�,': .�,'r' �•. i�^r{• •�, r 'r �r� � ! .,t '.�'1' 4 • +M. .. ':f+ w4ti v- Yr �••� .. ,,': 4. r r •. `4. •+ •tee T • �` 1 �. .� y •I r', r •iY #' � L. .1.*. ,. Y �, 71 ..,. 's r 1- , r '. ( �. _ s , y t ,11 �, -1'✓ 7,+ t a� ;� Vq f, f,,•w ,nf i• -i + .{+• f T :a ' � a �•i " �. i,i.r� + .ti•ai "�. r,4 �'.�1 .r•t 1, x ,� Y , � l..ry*+ "y 4 �' i ' a'i 'a a �1` 5� t15µ�y•- ,,�,, my . r e •,.. 0..4 M1 l 4,r5•V i { .� -� , a '':� , 7 !• 1 .I r.,1. a ., .. -:). �I .'�7. t4, .,4 ry .$-. 'l• _� I. .- !7. '�.. .. ! r -/. �,� +`I. 7 ' * , 'l .a'� lit•• � I "' .. • . , . ' • r. .. ' i� r•, •.� . 4,�a't+4 • �f;rd• ,.A'fi>r ,'r'S r. „r ;4:.5, r .. i' 't� 7r r, w✓ lY�r�'�.X�'/��'�,4 " •�v •11y ,, )'�'r.rr ( " ri ..� 1. .,,rF' l.r...Alih el ,� �"'v'�„4iA7.T)r{;tip• �. J +' '� �.�� ��rfK r�h•�t4)r..r t n `•' r, f •1 ,•i; rir )""r'Mi e{.�I�t"v i f 1 !• r in ." ••t'.f• ,t .i t if •r:G:','{�� /rr�+�r rti+ti�sr f,,a. � :',y !i i+li', , f • _ ,� t ' .. , , .'.F i'y,+" rt" t�tr;J� ,`''i� A4.�; h !�',yl,;r'�. ' °'�,� : � r . - .. 'i J ' :t• � Flki 1i ::, � �J i'. ��" ' 'i �';r"r 'j "•ir; .S' •• r , '/. • v , 'II�"tl"•iy1)rj , f{ " n.• r'I•� ' f. t� ' r 1 � ,y• r .r' Y 6)"t ,'..j .�r h. ix)+" :'�l,�J, CClllsrra,cr,Ml:.rr�'?.!L•l�r�''IrlW.��.^'�P'4V.�. F'�Y'„3:4'..�AJr,''�''��fi'..��` _ _... sy''�_�c:''�:'..`:. �t•!'s•_..4i�. .. r',ir. 4 ',ram •r,. 1 r 7 W To CC3M'T1-WT MTW=1 TRH f HJ j() Dona=, RETIMM Brut -� Vnx 1MWmn. OF THE 'A �%�'eaTild taps as Hayed 1�`lr� UW City Cavil a! � City Of liuAntln�to�t Ha�aa�h�,+�n+�r�l rr� k t &L tft "g�'y 40 40 �f UG W* 1*11M WitF4 JA1O 6 S'{ *"Wt Wie'i r �iRiL'� Osbsle 1 1►i'31Mtiw O"vur m rilNtive Jamary 1, 1`00 &W, Xvnmbw I, 1937, Wah 1, 1950, rAt1. 196%, JacriWY I, 1974 ,s ,a ' %:4'rtr • Jar I!!, 19"14, AWL). Up IMP Fvba~ MY ?a., 1r'�, rfetd AW�I►t 7r 197E+, ih � in said[ 8 1d�2 and PubUA r:,, •,�'9,,:. ,; ,' • . <: ,: •; : ` � �sr �t�9rua � Htb1l� � ystsn, off►' •: ''` '�'''`;:' ''' A.�, ', h 6. (6) cb*U be stricken Item ftW contract arA On t'Ola ba w)"0r4W t a t b may! ` r/ Soo � �y,� 20024.2 ("f ilia "final 'Ye `�'.,i� � ��'•1��'19 �r i?•nY°.;:. ;:_:f, ,Jr, �. (b) 9Aa YiNrN � iftM an a*w rt"l.a or a wrep "Rmm*b m ftm&bU do-UW the rar Umdl s"4 pro- �a ram, ` - r`��,,� ` k k,, �"�? '' •"�A','J{�,�,�Ar+ •."' +•, , y-' ' r �� i.*Y� w mW *h t e-ae yw ,od *194 d � the vim, B. ft"Ww b 7. (b) shiKU be stride t fr" said c raj ad the YcUwiv4 � (b ) shot . be s4mUtuted tbaalft ,' t11a,' '.•,l,tr 1�� t A �p jy +'yam ,� 1', i i •' � . ; fit . �r `u A,�y owte—� t o nJA P,I�Y.LF'{90.00t S�m as to)-U`�.� : ` r1 4y5' ' • �1 We t; y r` 1 rr» • '1ir'`' ,,r 'r�tl, Orr �''4'�,er ,, ' � , Apr• y.: r • Af,'^ . "�,,,f' rt, � � !:';:j , I ' 'i 1 i r ��•ty�, ,t a.• r 1 ++ r Y' IiAbUityr �r5r,kr�i ► to a! mwviae bons, C. `AhIS 1pamdiwRnt, sh tmehed to as lots. shaU baoow offse twat of tto I th� dw ��eptember, 1977 BARD OF lUCOUV,A,T]I(11 CITY 90MIL ;r 1 • Mayor, City of Huntington Beach ppm*l 10 is :GM: Att ott 7-- r �„ _r.1 �,�,�.�/^'� wrr.n,..�.�w.'�w�.w�rawrrrt7 r.�'�Y' 1 ��:7'�� `r •i', APPROVED .. A5 TO FOH1d . !f , r a DON P. AOUFA City Attor7jo3•,, is '"r�•�''j.,,/ ,.: ]� p c,ity Ytorn S net. ram 702 �` � ':`:I ;•.Il t, rr. 4 'i' •r•�p ,rig '�• .'' ;�;�: tc..fr:p,,i1 yA;,%�J};�/: ,r�•.,�.r-.v; �•.r..•.,-.-- ...,v u, .«.,n,w ,•4•,f•.• .rt• ;r.•„• . . .,..... 'f ��`. 'i nil; '�d..'�:'Y " ?!'s :'L Y Eb •�� .6'41: �Rr�+'=% i . i'• ..`•i ..d.+' •i,�' .i'p�p•�'F�';1irr'I, .irr,4-'iC �i ,'.ri•r, .l�' '� y ,,, �1l"' ,,' .tit Xli ` r' p , 1 II r(r "4�'7�/ 44 � i:'t•;•y' . 1 ..:r:�...• r t•. t: ,• :itt.. _.�y, la;, �l ,.. ,1 ♦ w:. 3,�' .< ,i5l.li.. �,• !.+_. �, .,'f:•. ,.tJ�.i�::S(t,t:��'_"ii LtG *,'.. J4 :,a r, �hf ! All :r Ie ' a� j J.i' ,�• �VS • �I'' i.. •}' ',.'r,1.}' ;.fir '�r•,.rh.+l1.�, 'r � 1 6��ff;; t� rye ' t '•r�4 �r _ •V �r REC?U-s FOR CITY COIJNL%ATiQN: Date December lti, 1987 t•",J, Honorable Mayor and City Council Members ;.' Submitted to:PTO, r? 4'� . : Paul E. Coat City Administrator 'c. { r Submitted by: ' / .a:'., ..r : ;. Robert J. Franz, Chief of Administrative Services Proparod by: /V K. ORDINANCE TO AMEND PERS " C,ONTRACT TO nROVIDI; S C ON 20 38 Subject:" - �•` „:s; '': 'r''-. ..�;,f' Policy? Consistent with Council yes Y � l (xi New Policy or Exception93 .,41 Statement of Issue, Recommendation, Analysis, Funding Source, Alternative Actions, attachments. ' Statement of issue: Pursuant to Government Code 520460, the 20 day waiting period requirement has been met since the adoption by the City Council of the Resolution cf Intention which would allow an amendment of the PERS Contract to provide Section 20938 (Permits the Cancellation of Payment for Optional Srrvtce Credit Upon Retirement for Industrial Disability for Retired and Retiring Members) for local safety members. The City wishes to submit for the final reading and City Council's approval the attached ordinance. Recommpndatiors: Adopt the attached Ordinance which will s ec non o he Public Employees Retirement Law. provide b�nefit.t under Anal els . : The City s current contract with PERS allows for members to purchase o tion 1 Irt 1 P a service credit (previous service or military Service) over a five year period. if a member is r�:.�;;,, ..' F i.'.1•.yw,�r-.... Y • Y ~ p {`•''• ret'eed for Industrial disability, they must continue to make payments for optional service • •. '- ,�:,'- �: '�{,' ;.' , ' credit without the benefit or any additional service being credited. This amendment will allow such employees the option of discontinuing these payments when they are retired for industrial disability purposes. Funding:. No cost to the (:ity. t Alternative Action: Do not adopt the ordinance which would allow for the amendment of the PERS contract to provide for this option. ►,'. Attachments: G',�'�'•�rl;'. ;�, 1. Ordinance r 2. Exhibit A Copy of PERS Contract '''�'�''r :fiM1 :.i>' !'t � .r. .r;.. :ti, yr'� „fir,, r''r tj:,l '•{; VP . ':'•{'�'('�j'i�ri 1. .o'; '• ! f'. i'1. f,. ,� 7 .,l ;'p'!l, ,i'.',•j,' :.�� •, � ', ..�;,l, S',N''rj'lpl,�l�h1j •f '''e,rt. r'- A *00 Y 3541 j Plo ales + ,; ht .r ,, /. ,l �T.�,,d�,.,`•y\•. f.: j: + ,. . - .. :l 'iTf l'y .L r n«wnw.••-•-.--•-..-. '• ,.}'�,. .r �`� r. , 1 '',� if.�C:'TA -..... '""S'.i'tr� -•t n l 1 r , i •-(.r• ,r ,' ter-. •.t!rF+' 1��,'' :.A .! ,!. .r „ ' �• r f � 1, �`. ' y r .,.� :i'.,^�•, f ,.5 ! Y' .y 1,I 5'' r.. �J REq UNQ AC Submitted to: Submitted by: Prapered by: Subject: December 4, 1987 I,ono atn> ayor lembers Paul E. Cook, City Administrator Robert J. Franz, Chief of Administrative Services RESOLUTION TO AMEND PERS CONTRACT TO PROVIDE ' Consistent with Council Policy? (J Yes (X] New Policy or t=x tian «p Y93 Statement of lssu% Recommendation, Analysis, Funding Source, Altemative Actions, Attachments: ;. ;r' ` R r Statement of Issue: The City wishes to permit local safety members the ability to cancel � � �, '►: ` 5'''%''.'' payments for optioeal service credit upon retirement for Industrial disability for retired an,-4 retiring members of PERS. Recommendation: Adopt the attached Resolution of Intention which will provide Denefits "'' ,: ,;'�r' �` �•'; ; < under Section 20938 of the Public Employees Retirement Law. Analysis: The City's current contract with PERS allows for members to purchase optional service credit (previous service or military servico) over a five year period. If a member is retired for industrial disability, they must continue to make payments for optional service r f�• < credit without the benefit of any additional rlervice being credited. This amendment will �'. allow such employees the option of discontinuing these payments when they are rolired for industrial disability purposes. FA � r r•. Pu_ naingi No cost to the City. Alternative Action: Do not amend the PERS contract to allow for this option. Attachments: ` r • fi7 1. Resolution of Intention r 2. Certification of Governing Body's Action r 3. Certification of Compllance with Government Code S7507 4 o P • I�^ r++1: ,�{',•�'A�.�: , Exhibi. A - Copy f IaRS Contract A 1 I,1 hl`•Y. . r�, •' i i r ,t.• 0• ''{ .t.. 3541,{.., � { �� 'L �'1,�« I rF•'YJ,,,"=�,'f?Ji•x...t'�'�;'i%a:i.,'•T,rG, •fit• '•Na,'rt{9 .;�i. Ii,yY,�. •1 ,�,.1 ,/. t, t'A ''I••n Mw,i� :1 TI7}'r'•"hY �'1'l:?i..l7i'•t ,rf;^.n rR r.;., , 4%'4 r'i P .;. Y;_., . t.: - rt'4"i`dxdia'N;, . r x r};¢gr�1{ �....-••,r Iy^ ..\,.;' ,,a `{C .. Ii�q 2.., .1�'1• 4" ' '„�' 9k,,r F Y.r I•'x 1 iT" 4 Irl .I rt. .t 1 .. "1�1 ,,.+'."�.?'', ri��`4',dr •7i ��. ,�r! ,�,;,+ -(. ' ' ' 2' •. � 1 ; . �,��t44' � fir„? ��,t;r�'. , r•p 'I �1 r�t'' 41 c l ',fir -, r - . , . r• , 1. '" , y�`,,!pp,� ,d�i; 2• •• .i ,f r ,• .. ;� ^y ';�i+ ��.'"{h'T`= 3 ,1�) LLY{{,' tin. ',f 11 •I 1. � ` •t ,f 11`.r .,I ' , ,�' , 4,.� - r Lt+1•d i .. , 1 - r 'f.rr"+,�, 1y yit ...r', 'A Ji • jj pr��7 Xj. I!C 0 i .:4 Af t ell, REQUE9. FOR Gal'. iv COUNCP ACTION'— Date December 29, 1987 Submitted 4o: Honorable Mayor and City Council '%L'PR0_V_ED By CITY COUNCIL' Submitted by: Paul Cook, City Administi, C__ nct Robert Franz, Chief of AdminHtrative 5 `+ j Prepared by: ervic T" TY Subject: ADOPTION OF RESOLUTION WHICH ALLOWS EARLY RETIREMENT INCENTIVE FOR "ERTAIN EMPLOYEES 82 03mlownt with Council Policy? IX) Yew New Policy or Exception Statement of luue, Recommendation, Analysis, Funding Source, Altemativ3 Actions, Attachments: Statement of Issue: 4,1 The city wishes to provide an incentive foi- early retirement for miscellaneous employees who retire from designated classifications during the time period of January 10, 1988, through June 9, 1988 (180 days). (4 Recommendation: Adopt attached resolution which will provide benefits under Section 20818 (Two Years' Service Credit) of the Public Employees' Retirement Law. Analysis. In 1983, the city of Huntington Beach amended its contract with the Public Employees' Retire- ment System to provide an option of two years' additional service credit as an early retirement incentive for miscellaneous employees in designated classifications. This benefit would allow NOV, the city to phase out certain positions rather that, resorting to layoffs because of reorgar,-zation economics. This resolution will continue to allow implementation of the reorganization p-lans during Fiscal Year 1987/88. Funding: General Fund. The average cost per retiring employee is approximately $13,000. There are two eligible employees at this time. Alternative Action: Provide no retirement incentive through the Public Employees' Retirement Syst tm. RJF/PEC:pf 41, Attachment X� Plo U/N yp C I AIN % 4 %; 0 1 C:�1,x.l�Y!¢'�>!if;i Jy rr,' X �'' .;7 ,�' �+.. S�J., i:'•'t/,. I ,,',l! r1 '+. •, i w• 1'f .. t 'r. r,f, J sir J Y 1r 1 .r k r .Y rN r +f.,�����"�,i,Y`:'�;'' i,• ;l, - ,. . !r { %, �.,r , Er' Ir! �!•,�'�Z {� r � � ��"+�'��.t,,. •.1 ,r`• •1.7 r: fir, ,J.�;,.St, 7i �' ,riF' i4„i•! rr ,1 ,�7.•1, , . ,, r , r . 1 ,r�,`�+p�,'�' �' 1«yy! i`!y'E;�(rfY••"?�i f 1 , + .r 1 ,J , '' ' 11. ! t 1 f' •+�� I%�1. �, AA�•.la�,�l tall• `,-! 't; ' r� 'r +' lti a J , t 'I t N'i. •f r • rl . '• ,i r{s�1r.y;."j'!`„. 1f••1.' /t•- •t y ': . •J••,' J, .h't ,f 4•"'f',. r11J ;,') Yr ;`i rl' �1''J 1''+ r ' .r• ., ., �:• .IIY'+,kl I `4 r:. L I1 ��`l.+' f, sN` r,i 'y,r,•w`/ r'9'i►..i'l�� :"a���!`,1'd,.r.,r*.tY4�rb�l I.r�+fit 5fti. ry j;.�,. iJ+(h+.,�!.� i . i, a .. at: , ..,s,•c%../...�s..'A..i;r r'�c.{ .: f^ .....t w.:. , .x.a _�..1 , r. �! I ,•+,,,}� �`' ''•, 4 ' -, CITY l/�- R �/'�. B iv), e � � t��yl1V�`�•� L �r�111��5 +�, wl Y . 1 M1 f r.u�'�'f;: Y,r, + • ��� FOR � IT 6 COU �CI ACril�� W�/Ti /'rrSr��:""•� �•1�' �` 111y Go , S,F,II' • ,� ber 20, 1986 } Submitted tc: Mayor and City Coun it Submitted by!Charles W. Thompson, Cit j: P t�dF3Y : Robert J. Franz, Deputy City Administrator/Chief of Ad minist ve Services , . raps Amendment to the City's contract with PE?S to exempt our Reserve Firefighters Subjoct:Now Consistent with Council Pnlicy� I i3 Ytzx Poll Excx I J GY or tion P Statement of Issue, Recommendation, Analysis, Founding Sourco, Altemati"ro Actior:t, Attachtnants:j +r ,r �°� ,+ �'''►'>;`�°`'';` ?f'`'' ' i' Statement of Issue: The work schedule, duties and role of our Reserve Firefighters �,+�':::� „ , , .. •, qualify them for exemption from the hour limitation currently Imposed by our contract , therefore, .elan to amend our contract ,JJf.� . •. • r,w1.4,. �r,r.i,,..,, , , with Lhr, Public Employees Retlremenl System. We, 4 so that it Is consistent with our employment prsctictis. Recommendation: Modify our PERS contract by adopting the ordinance r Pr"F ;� r;r ; i'• . r Analysis. The nature of the work performed by the Rapp;.; :'I�. `fighters can be i '�! yx :'}•;�.'Y; characterized as follows: a) They work on a voluntary basis and therefore work v limited number of hours on an Irregular basis. b) People In this program are not transitioned Into permenant positions In the firs , service. They do not replace regular firefighters. d) They do not work long enough to become vested. Y \.I •iM1•�r �.l �,.i1 �', i4`: • .•1 •r,y iY, 'i Y .t Based An this characterization, we felt that the Reserve Firefighter class should by �•; • i',+ _; `i,`%; �' ;, t.xempted. To confirm our conclusion, we contacted 'he PERS contract division for their opinion. After reviewing rnIr documec�tation, they stated that they a�-eed with our4�.,`''` i�:i frY + • %� ;'":+ :, .c s?.� �!�:'•, ''> conclusion and would roserlt it to thb:r board. We subsequently were inforrnvd that their board had a loved the revision and It was approved b our governing ',tidy. The first 1 ~ pP PP Y 9 9 Y o to adopt this ordinance took lace at the October 6 reading and passage of the resolution p p , 1. This second readin and adoption of this ordinance will cam late the r i:• 1'' , ;�� 1,{I,.,.,:,•,, ;,, , t; � nab meeting. 9� P P ` , process and bring our personnel priactices and PEM contract Into agreement. y"�V{ t Funding Source: None requiredr " y1y ]i,,i�r Wll�t,�lt �•' " rr� a ", '• � r..�'{�hl'L. i.rf '' ``loss !,,! ,' � 1' L. Alternative Action: Not approve this ordinance and perpetuate the inconsisLEncy between '�''"'^*ray" r• our contract and our employment practice. Attachments: i 1 , ISr •�t�. �� �•.t.., .,' i 3.', { ,ram. // 'a)aT a{•! �: ��.; .1 N. 'r�,�!�j 't •:.fa�k, i.., :. r';,�1't''i, S l.1/' `.t'4 F'. .'f' .:. ' T V,{ y, y'Tri'�! Ir� r' , ,t •� ' • , } J�p' l"1'>,`,� %'',9 St eF f. Y,• ' tt PI O 81ft rr) , ''{`:� � " { "r 1't' ••1 .�._.. .. ...____..--... ......... r. -, -. - r TY KXerr-,.xnT+.r••t,+.wwr.•1'f .�,�y.FT• �', ji�.' '1r• r +�' ,� �'�'�'4�`r �tr,f}''�7t' rti.r-,-••••• { ,. .. �5,.. .t',. ... ` ,.•r:;S'i;:•d;;•� `:i•.'• .. ��,. �:, �I. '�71 !. J.. yes Z ,,� �:; , •.,�1' .. , , (til�, •, rr t f�%' y �r� ,,(kJ,'�?"�(,?��7�}I" i(,1.�,7 t Z'`' / I:G.' i..,rwr i 1 ! • r, . , , . - .. I i ` a t ,,'�� ''',t, 1 I,SI`PPPP, 1,,,,'Mf'.IU*�11w Fl�,1,l i'' ,f 'if •' 1 ,, 1''j ! r (�'',. .i "l�j/�,�,4 'yy "•�: r � ri alSt.. 1. - .. 1 I ;,P.'�i.l yyy1�� ' ��I:�t�"11. Y.��', YS, ''�I ll,. ��� �.1.• 1 '1,' ,+•h�,r4 �r,', : X I A V ..A: 4/ REQUES1 FOR CITY COUNCIL ACTION Data 9/17/86 1:11 . 4. Z -yr-- Submitted to: MAYOR & CITY COUNCIL .1 V NISTRA 0, C. W. THOMPSON, CITY ADMI, &10mitted by: TOR Prepared by: ROBERT ). FRANZ, DEPTY AOVIN/CHIEF AOMIH Sv Subject: Amendment to the city;s contract with the Public 10 ✓s; Re lent System exempting Reserve Firefighters C 'ttent with Council Policy? ons. yes I l Now Policy or Exception Staten*nt of Issue, Recommendetion, Analysis, Funding Source, Alteniativir Actions, Attachnmu: Statement of Issue: the work schedule, duties and role of our Reserve Firefighters qua liTy them or exemption from the hour limitation currently imposed by our contract with the Public Employees' Retirement System, it We therefore wish to amend our co - tract so that it is consistent with our employment practiciGs. Recommendation: Approve the resolution if intent and subsequent ordinance to amend Me--'M—contract. Analysis: The nature of the work performed by the Reserve Firefighters can tie Zharacterized as follows: a) They work on a voluntary basis and therefore work a limited nuir,:ier of hours on an Irre ular basis. b) People in this program are not transitioned into permanent positions in the fire service. C d) They do not replace regular firefighters. They do not work long enough to become vested. Based on this characterization, we felt that tt- Reserve Firefighter class should be exempted. To confirm our conclusion, we contacted Qwj tacted the PERS contract division for their opinion. After reviewing out, documentation, they stated that they agreed with our conclusion and would present it to their board for consideration. We subsequently were informed that their board had approved the revision and if it Wd5 approved by our govsrning body, the exemption would become effective after a waiting period. Their waiting period requirement is met by having the passage of V the ordinance follow 30 days after this initial reading. Funding Sourcc: None required. Alternative Action: Perpetuare the inconsistency between our contract and our p"y". 4a, employment pract7ce. Attachments: Yes 'J, X No am 'el V `?tA-A I At �.10 jb ,Ir 10 „` •Y. ' •, . + +P�" t, ,�.ti .('+ '.' yyki� ,lE .y ' f}•, :} r"�'� l..b�', ftil`i.i�'s1.�� ,7+ { 1 r • •- ' ■+ 1 J.!' a. rYr , - # .1+w' f.. '.!'fi�:t.",f".•1F'M.�,,rrw" r j� •,y. 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S,. -a �y ,'l._ 4..1. � i � , t� � -r, r', ,� .+• r e,l .y � 4. .r •':', +; ,,,, a ( -1 i } 'r , + �.� a �: y �.. • i f • .�,'• .' :_ e -.�,. .,� r�,���• s1}'y:.� + ,t�.� �'!%e.., qw l.r"•:�.. I ��.:, ;i�.'r _ ! 'q.' 'ya"I Y:'r.r•1'. �' +«. "/'��}5 ' '"w ,S �.i 'a ::Y�• a 1'.+ti:,�`/i:�' { y• ,5`e-?u.�w�►.fw._.... ±,_1!''r fir'-- }.� �!�•..� ti. .,.` :., r :i,i. L .'.�j7 i i.'J..` ..., 4�. qq r r f ? . c�y�:r(y5r n,. '• 'f•� yt'S�� vr� Gate 12/16/82 ibmitted to: Honorable h%yhr and City counci -i 5ubinitted by: Charles W. Tt r n ny ci r �orrpsnn, City Aarnir,i-stra r r�ov�. Prepered by: frank F3. Arguello, Chief of PdTinistrative Subject: V,1: C70I11� 141111 PUMM- t - . _•cIrY =� '--- PR.'7 ME SECTION 20818 (,lilt) yMS ��Mill IT-LpNAL 5tateinont of Issue, Aeconimendation, Analysis, Funding Suurce, AlternativQ Actions, SAttachments: 'I'AT�1E OF ISSUE: The (:ity will provide an :r:centt•':Ja for early irementamending its P ref - contract �,�r� to allow t�,o years additional sex Vice ct adit. Mxlii}• PI'.PV, contract by ad`,pt>ng att:,checi Grdirianoe to provide benefits a£ Section 20R18 of the Gavet =-Mt Cade in .its pMS Contract:. AMUSIS: \ PPS Section 20810 would allow the City to depos.it two l'EItS fund to provide an ;ncenti% a for earl re Years credit into the incl in the City's oLgrini.zational structure dwto fisca� for mpicryees affected by include the transfers, denntions or layoffs resulting cram do s. nhe_ of or change in the manner of performing services. cttrtailment recei tie an additional. two years' retirement crSdit tMder tth s rP YeeS could provisioGenoral 11md. "t'L re is no imticliate change in the PERS X're�, the esti'Mat�ed cost at tinm of utilization is $8 000 for each tr on rmis - cellaneous employee, $10,700 for each Fire emplo," and $16,900 each for al-1 other safety imployees. A-T "i�i � E��CN: Provide no incentive +-hrough the PERS retirement plar•. AiE�ICNix' City Council adopted R>rsalutia.1 of Intent to madifY PERS contract with attached ordinance Dect--rrber 6, 1992. rJ!�•gf14,1 •/ � • '#fir a ,Ji: 0t1''' 'r • 01 MW '°. �.,:F,`�.: ;. i ,J � tx , r. r'I. ..'..li1.. ,�'i. '.r.- 'i:f���•`n7.+`f�.1�si�si k. r• ° : ' • + ' ... .. ". r'tfi,., r ` +,-•.'•'+.•r•.?..,.�p �� ���� ;!.� ' '''�°4r �'iji�AJ� P,f ri ,a' + '; .., 1' _.1'-.... '"TYKt` c-.•r«,..•...,..,.,,r<.,..+. rdr •�,, .,v,i� , 'r ,,r t�+r ,w�i �rA 1'iNr .:� .. +. .�,r :(.' ,, ,-•ref. ,,, 1� !�7�RYLw�+ereAu°ta - • r . i•.,rt . x r. �i� • •, . t .t :1 .frrl ;:`�., .. � • f . ',� ��1 :yr �.h 1'r. ',�. ;q ,' I�'l.; .'a1:T^'Y'r'i .!'1','�Y,�• *Y:.} ! �y[pe•;�y+ }f'w ,! ''r 1' '.: , '% 4 l+'• Q'p.: ',l . L!' i r' J t!�: F • .r j , ',1,� % •:. •� "'r�'' i f�,�i• tJ. v",l.f �iy ,�. ��''�':.,,`f:1'`��., i, frr :� +'.I A i,M1�l f '' '.(�; Jib 1. .•,M1 `,'ir :1 �` .�.•: .f M,',�. t,! .,^!•, t`i"t, 0 I ,✓ + I r �,• •. t . fir ".F �jpt��!}�w( :� I �,kjN ,;ptY�l ly '•r'.I. _ r Y .r, .. :lt .? , ,f'.':; •�y"�j�fy''3A •,�, g, s nr!i+, •r+ . }� •.r t t 1 ' r Y ' Y • r t, _ !; , . f ., l; '� r'•� �'�r PF .1� J . , �' }y„QQ 1,: ��+F S(� r.i't !.l `f Y J �j �, '(. , r !. 1t{-/! '•i'. �•. ,.1 i�,• r' •� .. , rTy�Y�ir, ,,Iy J, �+ •rl1.+�.•f �Ft.,ik1;. .fps � 7 < i ,t `Y,+ , , f .��' F.f A� sn •, \t• .r I 'Fh}1 �; f, ., t,i i' h+ �s•s' '..•'...rr ! 'l.. {' t ft+••�'f .�:``�,✓• 7N,. t t° by ' .+•� .. 'Z' 'f •�„ ;: t .(,t•. �, 1 t'' ������A Yr�'r rr' , at � f I' C rt ,t• , 1. 1 'C, .... 'r� �,y I 'ri ••�; 1 T , )(r , r , r i; •' �' ' " ,+ �,, �'�..y,.� (,, ,t .,�h� .,, S�t!�`,{f+�i�`' fix�f1?rsr!•• .�•'• .. !fI J''i, /p 't".�•.M1'�d..��•4�3a."iL��tJ'.f1".2�,.iS'.�J!'[f%r1L �ls'.�S'iG1�1r:'+Y.. iK'i T:{�l.;Li.ri4r �•. CITY COUNCIL(�CTION REQUES .. �,�fJ .'' �1/�•.I.rvrfJ.,•w.uiil't'kWillN.'7 •�JJ,�'r Date _,�.,°vem,1 ier I, 1982 x r+w flt�iR�'Y i•ii,.t y� r,� � ,,,,� , r r- r Sub:rlitted tt,: Honorable Mayor and City Council /� p ministf Submitted by: Charles V1.1'llompson, City Ado 1, Prepared b : Frank B. Arguello, Chief of Adrr+Er-,Istrutiv,- zrvices pa y b Sublo:t: AMEND COt,,rrRACT WITH PLOLIC EMPLOYEES' RETIRE PROVICE SECTION 20818 (TWO YEARS ADDITIONAL SERVIC Statement of issue, Recommendation eiysis, Funding Souron, Alternative A4-tions, A STATEMENT OF ISSUE: TTie City wil provide a se�vicev for early reY-ement by amending its PERS contract Yo aliow two years additions re RECOMMENDATION: ty ounc a opt a Resolution Code Intent it PERS contract, ordinances to provide benefits of Section 2001 a of the Government ANALYSIS:ru ection 20$18, would alto theCity for employees sit two affected by into InMeCi YS, provide an incentive. rS fu i to or early due to finai conditions. These include mandatory transfers, dcmiotir;c organizational structure s resulting from the curtailment of or change in the manner of performing services. or layoffrfeyoff employees .:Quid receive an additional two years retirement credit cinder this provision. FUNDING SOURCE: enera un—d. ' Ciere is no irnmediatu change in the PERS contribution rate; however, the estimated cost at ti-ne of utilizatiur is $8,000 for each miscellaneous emplovee, $IE.700 faI- each tire employee and t!6,900 each for all olher safety employee. ALTERNATIVE ACTIONS: rm, e no nceMive t rough the PENS Retirement Plan. ATTACHMENTS: C4VT:FBA:EHT:dp �}4L i lrr tCr Pit •i r� , 'a{ w�.�r��.f 57Y •. ,��, ; 4.i .,. e 7:1' Y''�`r:•f.'tl7F5f `;,�•1iin.�,fv,+1i' r 7, �'11�A� �r•� {t• '••�f• f .z^::,z-r.3.~.:>?!'�r.r.•nr�r•�:�•vavP��c.'.rt�.G. ��'�' .l(''; �,>r,.'1`, .f ,•�,I1 }�':�, ' - � r • r r t.,:. ` ,1Y � 7a, t„ r rY r f � o-_ �, K 1 , f t r '. •.'`pry M�F�� �� ,, K' . AVj Y J A}�•,i'r r( yi . •� S,' iAa 'Y .� . .....•,ram,.. :;�'.'.i, �r.'•:� r 9y' '' tx.. 9i i, 1 •�. -•r' fi "�'a " +,n` �.R.i �4 ^ �yirtilL.:_ l �;�74. : ' � i 7:. " r�rw Al -� . k ff fA+, t d d'• •� ��} ' ,°+' �:�lY r it �` i .f `+i't� ,4 ''�i`'kr +M s v .i rE i.►Pa�� 'L..,.� ��„#+rv,��,.'i �� , .�..��+�x,� ,►p'. �t�'-r�'•.',F.r1.•{ ' nl,��P�At�_� s+x •+tf+,'1� t;1�,'':� � mot' *(. �1ir•i } err' r1"� r'if*.. r'r 9 �Ti�;:''".�i,. +`,f,�,M s3 •�,' y}-r+!.r S�,'+w�v'ri� :,�;t `t'th+ t(' r�J•� y%%. Ah Iit1�.� r•�' f'..�� y' 'ai! `*Gr'^ r "a I ��. �+r� 1 �t}: v�y�.'!. 7y ty rfl ��r 'a•ta s,Y'r►ir_.^1'�. � ,� , ^^�YYuNII�-irrT-�='' '�1 y7�',` �'�. '�., .� x fyl: �4f.lS f a .+�•r t �r ro �G� w,I.,L i'�.:•`., mum snow- .........-e-.-•Cyr• ••r^,.'TS3_. t It� 'y,7 ;*"�{:.•..T�.. •re•s-xr ^ri:•,,',-. F`'7 ++ V� Coy+ •I'ir7' ri#,,t�,r a' T� • ;� � ` j�,R{ f,,.' e' ---I !A'. (177% REQUEST FOR CITY COUNCIL A.C11C)ON D, tb A 3 C UNCIL Sij:)rnitted to: Honorable Playor and City Council Member Submitted by: Charles W. Thompson, City Administrator Preparad by: Robert Franz, Chief of hdMinistrative Sery ic CLr Subject: Authorization for a City Offic'jl to submit Disability Retirement Applications to the Publ ;c Employees' Retirement System atem-nt of Izue, Recommendation, Analysis, Funaltio Source, Alternative Actions, Attadimints- V Statement of Issue Theattacned resolution provides authority for the Insurance and Benefits Manager to submit applications for disability retirement on behalf oil city employees. Recommendation W Adopt the attached resOution K. Aral Ks is Employer originated disability applications would be forwarded when, on the bas s of competent medical opinion, the employee :3 penranently di.,:abled from performing the I It Duties of their occupation. tly we are required to wait for the employee to sign and forwari the application f'it,'i;''' �`���';;';'`" "` Prese,i, to PERS. In som instances it 'S to the emDloyee's benefit and the (ity'; detrim-ni: to prolong signing the application. Funli�lq Source None required 12; Alternative Action LeaVE as is with the resultant delays in submission of disability retirement appli- cations. Attachments✓ Nesolut!-:In to accomplish the recommendation above. CWT:RF:jb ;I it-ir 1, f No 4101 V04 ) 4 4' I A -.I k ;I:. If It . 47 A', V11 ly A I." 11h A, 01 to WO t 'NM V lylf'lk r V. W, REQUE'St FOR CITY COUNCIL ACTION Data June '7, 1983 '1. Submitted to: Honorable Mayor and City Council S.-ibmitted by: Charles W. Thompson, City Administp r Robert J. FrL.-,, Chief of ldininistrative Se Prepared by: Service Stibiect: Reduction of Employee Retirement Benefit Costs %utGrnent of Issue, Recommendation, Analysis, Funding Soutc-j, Alternetivo Actions, Attachmewts; q4 Q :L STATEMENT OF ISSOE: The Public Employees! Retirement System (PERS) has prc-lided the City with the opportunity to extend the current service funding period for miscell.3- A nevus and safety employees and thus reduce our annual cost for retirement benefits. qj -Ion. We can accomplish this by your adopting the attached resolution. RECOMMENDATION: ON the attached resolution requesting PERS to extend the current: 64.7,, Approve -fun—ding period. A ANALYSIS: At the March 17, 1982 PERS Board of Administration adopted a resolution to permit agencies to extend their current service funding period from the ye r 2000 to a maximum of this year 2011. This extension of the funding period will not reduce the employer liabilities but will simply spread the contribution over a longer period. 4". It should be addeJ that this extension will not affect the benefits received by present or future i To be eligible for this extension, of the current service funding period, PERS Is reqLeSting that we pass a resolution stating that there is a need for us to reduce our expenditures. PERS conducts periodic actuarial studies to determine appropriate charges to employers sub a-, the City of Huntington Beach fur the retirement benefits of C7;%piuycT�s. 71 This process results in periodic fluctuation (mrstly increoses) of the employer cost for retirement. One portion nf the employer cost is the cost. for the "unfunded actuarial liability." This portion of tne retirement cost is amortized over a specl- fled number of years. Many years ago PERS established the amortization period as between the date of t". actuarial study and the year 2000. the number of years ba In other words, actuarial studies dated 1970 would ami-tize the. "Unfunded actuarlal liabil'o,y" over the 30 years from 1970 to thy.- year 2000. For some reason PERS has never changed the ending date (the year 2003) of the Amortization period. Therefore, the amortization period has gradually shortened over the past years. This results )% III higher retirement costs for the City, PERS Is now correcting that problem by j,", allowing employers to extend the funding per!od to 2011. The Immediate Impact on the City wi I I be a decrease in the annul cost for retirement benefits by an amount in exce ss or $400,000 per year. FUNDING SOURCE: None required. ALTERKA,rIVE ACTIONS : To maintain the rate of coitrTbutlons at their surrent levels. N. ATTACHMENTS: Resolution to initiate the change. PIC 4i81 C. :vi q r !I, A too p. "Ll", M, -A 6 -., _' ..... _. _ __.... 'Y- ^n�''+=i_ — _.__ ._..._. _;T« ....___ "•• _._.__�_._ _..... _._.. _ _.-____....—�-- i 1. t r .t r, 1' ., /r i. 1 r •r � „ 5r 1' '1'!r I (,'•t ' , � �) 'r 'a, 5', A s. r , ' • 7 1...1. t: ,.... +.1. ..i•.. .,. .,,. !..,..,..'...................,..........t..,r.f,.aJ..✓....L..:..l..L._.w...._..1.............,....r�..,._._:.J:S.:.a:"...:Ll✓..:.,..._IJJ...,..,,:.........,..1'.. ...r......-. .. ........-r,..,,'.'�.1 '.. .._. l.ia'1 . t• r ' '1, 1 , • r i. r , , '! I', t.'H'"'r•'e!�''r 1'rd}jr 'r ! •'' ''' •' )'.. .� f .i .• , 1. I ` , ,,1 � y, � r ,fj"".. � "[' r .r... e`.{•�s....._, r.., ...,,.« .. ... . ,•i.l.., f:r_7 �,..: :�; , r � \\:', ..:'Ca«::'L•'t' ♦''� {l(a ',I � 'J% r ..__.. __ ... ._ ..... ._.. .. .ti, ...alnr,.,rfa..tYK'.aJWaa.:r.!b +L'Srffllr.T,3:Y (• �,�,. 2/ �y , SLAT! OF CAUFORNIA—LOARD OF ADMINISTRATION F� r� PUBLIC rMPLOYEE5' RETIREMENT SY5 1 1,• 1416 NINTH STREET, P.O, 06i1 1953 r SA RA v� ','�, •, C M9Nf0, CAl11GR;91n 4S60i Telephone (916) 445-7700 .,: T, '''r'ir�� !'' ,f I ..1. ':1;,,,•1tI(;�tl���i''e�+''I .. y'�rrr, `{'J. r'' f l.) r � I, 17'i ,' ,I . :,I1 • , �, /,. I,�1.�����Fa I'' a,., ji ' .1,.•':ot,l. i' lr 5A *�.r .,r f � yI,,,r�r 5 ss d'�;� +I l.�y�'�%�ler� ; � ' . '.��'�'r, }''••fir ` A t' 1. A-6vist 5, 1981 iK `�flr {�'{;.fir. •A, 'f �t• .i.l r}"f .��r, f' ii•`I. ;� x' fir. •' :' ' Me. Alicia M. Wentworth �r City Clark ! City .`'r '� "''''' �"•���r• .;1�'' y of Huntington Beach 2000 Main Steee t Funtington Beach, CA 92648 •. ,ti i �.�d.t. r... •V 'r,w• Dear ids. Wentworth: ; ,'•r,,'�ij��`�rr, r.t I(tri .r.� :,r�': � .i'.t4� Aa you havo expressed an interest in the System'n investments, we will send an r• `'<<r occani.onal article relative to our current strategies. !i't An you know, Ire have b9on long-term bond investors while short -ter rates are currently high, expecting all rates to decline. The impact of such a strategy s is described in the } attached August 1911 , Financial Wcrld article in the i`.j pu'"tion of the article entitled The D '�� �+a�'f",� a T'�: "?:`.c eep bald d�l.� x; c.r Sincerely,� ,""' f7a J r!�•"°.t�l`r '� 1 _. • i�lf {(, _,l. 1� �!'-''• 1'', !. .FIB 1 ,' �,i`,1{i �, ,i Melvin W. Pe e. e Chief of Investments Its 5,r�, ' I. J' T!] � �, I,CIJ ; "� I�r Af'; I ,4•��' • ,, /, �� r�r .' j ..�� •' '•�:,� .; 'x',r 1. Attach. ry� 1, .'•�,. .�''' '� cc: Members of the Board of Administration Aesemblymati Louis J. Fapan �•r rt, '' ^iada¢ a.. Senator Newton R. Russell William C. George, Cnrrsaittee on Finance, Inoaraace & Comnerce 1' ; r` ` �r'r,,;M .'�" Bob Bissonaette, Senate PER ;.f7"{�• �""Ss � ;J ! .. Yo 1,'' , � Ca+lnty Administrator's Annc of California ;; �,•, ;.i�';':,' 'a,,,titr�,rtr '; r t•r is Attn: Mr. Dick Andrews Mr. Steve Scalzy ` t ,', t� . �i 1, `� 'r , n �t' ' •�'. {;+'d.r�`;.,•, J,; ,Mr. Robert Hendrix ''•��'iY.(•. 1,', r•(;I'i.. �,•.+,,, •.1.`� r .;i�A4',l`•fh 'y Ill �I. ., ' 1 f.'Y'h i•.!' 1t,, t. I I. ;j. r �j•. '''S» i.,'��, �.°�'i}� t 1 �, ye �gy*y�7•}rf P~,r riw �r ....�.--..._.� —_.. .._...� ...... n r [. { ,' 1, •J♦',• ` � k'� 1 v t _ ., .lyn94i f�''f4A�• {•: a. ..•♦ , .AT ..'T.::. r • .»r "r.,-,....�.. .,.--.....- � _.. ... .. _. _......__.. ..�.. ._ „��,I �!"1 t: IYvI'! ' ' fir! 'tr' �'•�, r ` �,......... I ,. ` �l61F1M1 _ �` 1t+y ` ` !. , J':•r •. l5 I `'" 'I. ( rrt '7 i . ' r .' .. ? j 1r r,' , . iCk. r•�• .1. )y', ;r,i ''d, .r'•(;, i'.: 'r"a ,fR.(.. .' �7 i ,i1" 1 '{ 45 aka.` Y, f r �. ,�'y1�� ..'t` i'OtiL^ry Y6t'!'y�'{�''v�'.: �•,"r f.? i )'�.':�'� •..r 'a +'y,.lI�r Fy f?'. 1 9k '� a{, i i�(�. i'•;d4 h • 1 �,yj +4�S'�[W♦a r „�/'. t1.'t ..i: - i:'r•' la. 1 \ 1.. 7,.• 1 ,y{y+ F•iC 1t��R1'� 'F,,ff'��al L .�\fy1. rrti� j '� •t�•'Yyg,Y,}{K•,0-0F5.(.�,Ir�,� r #','•1 •`#.,, Fi• v M,'( SF.'I'r' •�, (6 _ ..� .� ... ...1 t �� 4 °,,11.Fff�,' tr,"rlM';q� + .({.:."' 7 ti: F i,.t: •1 r 1.1 }l.rf {F''f ' rT, .• " ' r .+ ..... C I ... ...._ ' �.. i _... ' .....) . l r�F,..L', �' Ii l .., L':SJ'. «r;. �+' ,;r:. �''• is r��l:.v•�A,.n•.....,.:.�.. r.. tc�.„�!'a:::.i.?..r. „ .,... __'iti/1if, .. .. ._. .K.._. _ ._ .n �.a "Ji�',.J.. !.. Sr•t, �'Fi`. Xl, ;f�.tl i.i'.. afs.l'.•. ,,, '.l 'a l;' .1 , " '•r •� r / r . � ',, ' �, r ,' , � 1. V' R .,1' -1 `JJj�.�www.��� f 'i , t 1 . I . I' r 1 • " t " • , , 1 , ! ' t' 1' j ' 1 r l ,' . 1 , b / ' . i . a ,q ,' (• 1 a '�' .r yi.r .f �. 1' } r , r t, t i r , -,' �' .• ., f, f/ •',r •V. rr IIV '� ',�1 } ,' tl ` V :1• ' 't ,.•. _,.. ... i. "..iC�a.t:_ ....e,t.... ...,.LJ:"U:.'.'...1,...J... _.... +._...rya...ti".,..la........ts.l.i.a..._...�:._r.•....J... �.a. .... A...u.. .l_L,...w.aa.._.�lA.....--......'1.1::�.�.>,._.........iiia _....-L /_..._..r ..1 :.1...1 + 11...,,..-.. . . .. , r'.r", r r " I+ ,. �.-..�•.... :d 4.-..'i._ ,....... [',�' �'. •-... � ` ..rt4St:...,. G'wx'.•Sntvt`,L NI: 1.: Phtl �, r -Ull"Sh on bonds Merrill Lynch isn't alone in ,predicting a rip-roaring rally • r • • fir, i, .}.•' ,. r• Fr S fff!!ljjj is ,, . •' •;;'�, ,I i t. f. he nation's largest brokerage out. He% not alone. "fin very bullish down 300 basis points ;n the next 12 1 fir is proclaiming a new bull market in on bonds," says N. Erich Heinemann, months. That would put 20-;,ca. bonds via full -Page newspaper ads, xonomist at Mogan Stanley, `but it% government rates at 10% Arnold X. "We see a new economir, rra," says going to be a volatile market--une for Moskowitz, economist for Dezn 1lit- Merrill Lynch band analyst Daniel trade,s," Winemann is optimistic, ter, sees long fates down 2w) basis Komstein, "lower irAation-a whole- bccau;e mono su 1 Y supply he says, points as early as September. sale change in attitudes." The Mcr►ill is at last under control. Says Winslow Such talk of course brings to Lynch party line is that yields on 20- Marston, Wnd analyst for Bache: Inc mind the bond�rally of spring 1980--- year governments will drop from 13% band market is due fora roaringcall to I IgobyOctober, and. witlisome ups Marston doesnt rule out a ner-term colla se inaSAID-dH he six-month and d • ' f b� P owns In . le twcen, dip into single $ digits by 1983. This May's rate run-up, backup p in raics--"because of bearish roe. index of high-grade corporate bonds from 83 to say$ Merrill economLt Don;ild Maude, psychalogy still hanging over the 62. In thal rally, a bout buyer who "will be the peak for the demdc." market -but he sees lower inflation timed both trough 8 Pcakcouldhave ,p y and n wtal�cr economy pushing rate' rcked up a 35cnreturn from March ;i; • Y1�`:'"s. •t to ICE;Tc.,'!t:!,�ti•;.T,�;; ra•�.r, ' a • '._ rj r �•T'ti,1., r;fs4��}%' `5 'r '.iw �i 1 •.t •1 �,.�, . 7:� '/" , ,, .. '.�.17 they' Z. �c 1 / ha' t nn ':; ,r •11 } �• ' •' .1•.I,. `:'' '1' �+ ,r' •f`1 f` r 1 r+' t , ,'i I �,I• �F... �Y ^ w �s�:f', J'.v.n'•1. �•.i: {r ,_ .. f .-L r>?, •. .... Torid a>talysts fati•or -�: l�tr a `hi h- g . g qua 'ty issues for lradin ' in, the rali _ . the}% see for the months ahead, particularly the huge issues where margin requirements range government as low as .3�'a; Out -Recant Caftan! Ylrld aVnd Prlco yield •tonp ' r ::rRaling 's i1 11' i•-. - (ml14) ..,.., hlatudlyTreastrygcnde s +• ,,. �. h. n 1986 2001 AAA S9,S15 79 10.13;r -. •.A 1018, 2010 AAA 1,575 G.; 1131 , ' 'r 12.91 103�'s, 2009 - , AA A :. 2,987 78 12.82 . I2 92 .'. 133;'s 201C CAA 4�736 AAA . _� .80 12.97 13.06 1 f•.�t ',I.Flti�,x, .•' ,;'' T♦r Corperato Bond* 4. 97 13.14-; 13.15 1 .f . % -f1%;f'. !7 g r. Tel. &. Tel.01i , 2000 +'•. AAA ;•;;.,.• .,. ;:. E:, ,i. ,f,: :�. !r. .,, fiiiton ' 1997 Corp.�chs,43i's .. ';' 715 7,t 12.15 {' 12.69 lrtlBas.tl 2 4 ,. AAA 223 SS 10.91 '.•� IZ.32 Michlreu itt11 Tel. 15?;St�7.021 AAA S00 75 1? 50 �.„12.75.r�'� N.Y:fel.S�/,'s,2015 AAA 250 102 15.44 :r.1544 Soutt»rstrrn r lkll Tel.,7i'i'a, 2013 AAA ISG AAA 63 13.10 ' 13.19 �, . 300 Sti ' 13.62 13.76 28 VINANC'IAI" WOIt1.1) r,, "r;,�j r• SIR ..." ', (.•v' jfi ■ ,-y;•'i ,{,r 'fir , (s� .. •a <� f �.1,. ,`•.„,,r...'i S:ii�'f ,rn'�,rr r rr. Y✓� ,f, r(/, •?,r. �i.?,•..,l,r,- 'r`-' .g� rc , r'r �) e •4. 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P' �'�ti•'�•.•/J�1�'%✓1'4�r WF}rJlu1•F•y'��•r �1, r h:' +Irh.l;�]fail?��1'_`.::�.!:�•�',r.�;.�+Pi'7'I�i: J';�•�:?i�tyi,��r,. �' .`'1{� 1 r �h/1�.4'J�'.•1°, ,.L" �' �Ii lv�..�'y' .. ..... ��� .. :I,.htY '.` , f .. / Y..1, . � ... .... A'., •. ISt }r'�.i �••t r- �.._ !. .1.� 1'' •1YF1: i�'�:��. 1 1.. 'l; •- � ►', -.- -�'r; 1,1 r - i. ,. 'y`r. ., - -_ .._ - ,•y ', +"' ;, �' •'r + ' r, _ _� !. 41, { r , .. !� r � �l�,Ir', i +I P ~, r ,.• . i,r• ,,. •1, ,,l / l� r• , IM t, ,' ",. P+;r'1'" { I. ''f� .ly' ,•+• ,f' r' ;r'"� a y, ,� S, iy' .j� ;, '', .r �.'.,+.Y i,, 'rr �r r ,1 � •�, , y •f' '",',,, , ''' ,1 '�.. •' i' :1 r YJI ,', r' rl,. ! !'f P,r'. 11. r.f '''.,.,+r'' ' f,''' 'rlt '..,;%•\ .I..�y`1 ; , �' ,' {'I' r 1 r I r, 'fl• r 1 r+., , 'r•'�'Yt���'• ' ,' '' ' ' j 'i ��t' ,' / ,f P •P•''r 'r �, � '�'1 ' + �+h 1, , � r ••r• r+ r f '� P'' � ' +, r' , r r rJ:Y 1 rl. ,`, .l ' ,. .', '.... •,j ,•J .. ,' _ .. ..+. ,.. ,.. .,. .. r+.. .6 .r.... ' ,.� .ia"_...•:JJ.. �.:'J.. rr.. ,../....Itr:.r'�«J,.:C-::...•ilr..«.w1 iLi. a.+�._.•'..:. .., %. :.-rr•'. r+ , r r, ;,. r �, . 1 , y . <s .,. 1•, ,, r'rl'",'t':' ;,l,r'r't .�::..a':.�v.�.,A•;t4C.,lGr.:.t•!I'S.....-.../...., ..•1.,..rJ .. '/.. .%....J.. ... ..u...�.J. "!.e .J..a.'. _l.:d...:..-Jt '•+'J . June. by(VO, ng nothing riskier than I listed on an exch.i;i`, . so an investor 20-yrar governments. Had mane bought prime -quality corpnrates---say South- %%cstcm Bell91/4s, due in 2015, orSouth Central Bel'6l/s,duein2004-thetotal return would have topped 40% in just over ftcc months. And the inve-stor could have managed th-_e returns by uuying the bonds outright. More intriguing, --though far risk- irr-is buying the bonds on margin. While corporates usually require a 15 yb to 30% margin (more commonly the Wier), government securities can be bought for as little as Av to 100b mar - gill. With that sort of leverage, the returns can ire awesome. Supposr. an investor buysTrrasury 10s,ducin2010, at the current price of roughly 80go par. So S1 million of bonds costs S800,000, but the investor might buy them by puttii,q up, say, only 6,% or $48,000. if long rates dropped 200 basis points by September, as Moskowitz predicts, the investor would get his margin money back and pocket an additional S200,OM--about 4M%profit. Ofcourse, if rates go tip -in this case a mete 50 basis points -the investor would have to dig up more margin money (or lose his entire $48,000 investment)and hope that the hoped-fordrop in rates would materialize later on. In playing bonds forpriccappreci- ation, timing is everything. And, of course, an investor should stick with the biggest, most liquid issues-onr with at least S100 million worth of bonds outstanding so he can get in and out of the 'market quickly. What's more, the best bet is quality, since the slightly higher yield Wessel editworthy compai jes won't make much differ- ence if the bonds arc held only a few me nths or a year. As Komstcin puts it: "It's not worth th:lost siLep; you arcnl getting paid for the risk." To enjoy the maximum price swing in a bond -ally, an investor tradi- tionally buys issues with a distant mattirity date anti a relatively low coupun--the so -.ailed deep -discount issues. That% just what people seem to be snapping up these days. "We c.nl produce enough dcep-disco!:.as to sell," says one Wall Strecrcr. Which ones look best? Bruce Slater, bond an: - lyst at E.F. Hutton, has four favorites. all iatcd triple-A: Exxon 6s, due in 1997; IBM 9Ss, due in 2004;AT&T (z and 5%s, due in 2000 and 1995• respc:- tivcly. The two AT&T issues aren't Aupurr 1, 19,41 �'`i1 i • �'•. �•1;'4r;!.et'Y;• � ;'�L4� fs'. t:. i u trading. them should check around to be sure lie's quoted a fair price. Or lie might simply buy AT&T 8%s, due in 2GG0, which arc listed. While agreeing that deep -dis- counts usually do the best when rates drop, Merrill% Komstcin points out that this didn't hapf.en during the bri.f rally this past May. "Fu:l•coupons had a slightly better total return than dis- counts," he says. Why? "The market had already yid up the price of the deep -discounts," he comments, "just as it's doing now." His strategy? Go with higher -coupon bonds: Treasury 12%s, due in 2010; Michigan Bell 15%s,duein 2021; New .Jcwy Sell 14-%s, due in 202' or Standard of Indiana 14s,due in 1991-all of then prime quality issues, Other Wall Streeters also p;cl' tele- phone bonds, but insist on dccr-.r dis- count issues such as Southwestern Bells 71,is, due in 2013, Er New York Telephone's 8y4s, due in 201S. Yet in the final analysis, govern- ments would seem to be the most likely vehicles for trading in the period just ahead. burst off, they are the larger:, most liquid issum.'rhecredit risk is nil. And the margirts are the slimmest around --as we said, ranging from 3$ to 10S Gerald A. Guild, veteran bond analyst at Lombard -Wall, says his four favorite issues are the Treasury 8s of 19Y6,the 8sof2001.the 10sof2010and the 10Hs of 2009. Guild, ;rho works uut many of the highly -leveraged deals, says financ- ing is a key clement. Accordingly. Lombard -Wall lets clients borrow w either a fixed rate or a variable rate pegged to the federal funds rite. Invcs- tors can also hedge financing raves by suing the financial futures markets. As an added plus, the highly -leveraged deals ,.i .I have superb tax advantages for the err. Astor in a high bracket. The interes. expx-+se .on the ma;gincd account is deducted, whilcthe profits, if realized after more than it year, arc taxed at the capital gains rite. Buying bonds on margin, no mat- ter Irnw I;quid they may be, can havc 'ts pitfalls. Margin -buying, clearly, is a game for the most astute, well-heeled investors---t'tc sort who can comfort- ably cough up any extra margin that may be needed. But if the outlook for bond prices is as bullish as Merrill Lynch and others think, less stout- hearted investors should be ahic to do verb nicely in bands without taking undue risks. • N N G ',i._'_p ` _II a •. i r.^ ��1'.'�,.r'• } 1, Iti r ,}:'1 AS i �.�, �.�. vfr�,,�',/,5�.. ; ',:i' � lyi., '��.1 i eti �• Y•'" ''•,' •'t'f'3, 'fCirii! . f't � ,� , a � �',,� + to} rr1Y'w�-rS.rI:ii1,..q\ �1,"f•f�l'''i'"f::.'J1tii.�C.:,'ii.. ..,'..{..�wd'i., ', I .,, !', - ( .+ r, l'. ,r. 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'I , ) ' , � ,� ,++ r;i' (, ✓ 1•. .J .y ,, ",f, •....._..r,..___..w_..._.,_�....,:.4.:.»-lS�.....c+CC:ie..........J«a......il:,.:.uol:a.,l..»...iaJ_�:»':.,�....:�s.�d...a..,........._�.,.....'.t_'....__.. _. __.,....: /'•_-t. ....... ...... ..i:.►, .., i'I ./! t q 4 r .,.,...r,..+ '$1,3lfnla.,...L«.r..wrwv,r.�'.:...r'LO'S'J z:^L1'Cas.•..'.: •..w.,r. w.a......r—..«.....r..at.:.•rltrt:t_.:. :::f: t:: i. :' • •i.f'J.'lh7".d'It.ifvaA.Ju rlw,e.,V:.1.Rlui'wM1M{FfJJtY.Y1.YCJ:/..<a.4l,.a li4`J^..l .l'.1; ,. , •, L�, REQIJE�Yfi FOR CITY C(-UNCF ACTION May 22 , 1981 f ''.(... l , Date _ .I. %bml"ed to: Honorable Mayor and �.i.ty Council ` C Submittad by: Charles W. Thompson, City Administrator t r,' Subject: INVESTr4ENT POLICY OF PUBLIC EMPLOYEES RETIREMENT SYSTEM .. .. .fir, % .'. + I '1+'•1�`W'i f��� '�4��1, .�y;,. . 'f atate�nent of Etsue, Rocommendation, Analysis, Funding Source, Alt motive Actions, Alta monts ; ., / >LL,.; •�,v STATEMENT Or I SrSUr : `fit•, .. .,' , i ` 5' • , _ ,_ ', J 1•.(�'• `' The most recent repo rt to Governor Brown from the PENS Board of Directors revealed that the "computed rate of return on their entire investment portfolio was only 7.91, for the fiscal year ending June 30, 1980. RECOMMENDATION:Y Adopt the attached resolution supporting a change in investment policies. 7, 'f, Since Federal treasury notes, I�-deral treasury bills, a.,d shot . team commercial pape,` have been yielding interest rates -ranging it seems £rem 12 to 20 percent over the past eighteen months, apparent that PERS couldimprove its :investment policies. This resolution supports a move toware, short-term investments and r;:', ,•..+; .,.' , f'. supports the creation of a legislative committee to inv-stigate the investment policies of PERS. ,. `rt l ''t't'.4 '(I ALTERNATIVES Tale no action. n ,.ti• J.' .. .' t:''' � QrJrJ�j 1J'' •.`, :r,'f�'';,'r'/r� r FUNDING SOURCE: _ r .,Cl: !, 1. �_ `�. j�'('j� r{!^� y �Ae•�'; No funds are necessary. Cr ' ,4,r/N,.� ,, /'•, '^ .� F,•i .. •• f1' ,'d p',"'y't ''�N,:. 1, ( , .�f1.,7.�: ,, •i. .i' •' _ (%ice;'"�V "'+l]'�+4'" , r5p��r`' ' }' ' • jjr,J X ,,,1.1•,�! 'r'. [.'i f�•• r,: ;`, '''j', •�,�+fJ{w, .'G:•i yv. Nodlat yr i �• " S ,I t, r , ' I ! i .. v: . r S +l : • I: ., •Yt 1,.. r,.•.,..-•., .. —_.—. ......._...»...._.,....... 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'i•{�, 1 '. ., •'1' •�:. 1J , i, y�ryG ,. 'T r', !+'�,', M1 � J. 'Rr qi. I f � . ,j il'1 ,y, 1• 55 � 'f' f'. I. �" ,A , �'. ti,',IF Id; tti'' 1 !`. y+,r,,;J rv.y,. i; ' � r ry (' , •,'• i l' �'r7`% . ,S i'., '�1y.' \, : .a�, 1. �.'} ,, } , _.', ,: ,;•: ' � l,t. .., � i.. �t :... ,'1. JU.: ._..._... l�"'t.r_..� _ 1:. ! v� t �L....... _... �.._. .� .,lii . ?: /t... _,'. .. ,..... ..rd 1. i.Y: ... . . . .. I '.�.. ,.. . .:, .i .. 't"' +''11. .Q �: .. .. .. i t� .! '� "l:" "'• �,fi,,'• , ''�... � r'^, 1 _J`. ,� f� h'.t v r !'•.i ,,•�.; r.e d;•. �' 1�' :�, �'�' �+ ',J'J .+ �' f<'. ,��• . r ..... `7 .'d. !y ,'ll.,f Xr' .Irj wf ,r,:r, fI+ '( ,f,f �. L, 'S' `,' Irf•' r fr'.1� "!f �,i 'rl,J .1�. fr ,�, 1�,' .'�:,,• ,,. I t, �l• ',:.'• y� .Y� :1't •!.•.Y' tY4tjt !i. ,1 cx.•' ''+ i`�,, t' P4' �'I! . t'. IF•`.%' ., r`-' 1 'J. ., , "''t'°�•• '4' !ti'X, 'i .I' :Yi .41' '," ,,, �, 'r' '.!, .'r ,t •'i' .1 '.,. ti'+t' +I'�'/' ,' '7i :!!. /f •i'1' ',;, {. 4 .{I 'i .. "1 .,,• �� (. f: ,•,'� F , 'J' 'f I. ,, .'1 ,1 !r {,, 't,� '',� 'S�• II' !+' f ( .t. � ( .r ri ''il :r', 1f a .�i, •'Y .+ ,:1 .l• ..� Jt, '., S 'i": �'I, 1', J.', t ','/•� , .r � „! '.Y rl�t !` J I •! •1 i.' ,� Lt r'(' irr I .. .1') Y 'l i•,' J`J'1 ,P' .r'L I 'Y. :'Y ,v•• J:� 3�. 1. ^Pr'• �Y• ,1' 'L ,/ .•r' t' ir. I+: \'' i ''•, '•� ' tr ` /, ./ •.Jr t 1'r ,J ,,r, ' + ,•. •'r •f- � f 1 _ ,, 1 ., r r ''" ,Ij i ' , Y 1 ,: y3 ; �, .. r , . r, Y.: f,•.• s J. t. : r : :+' •'; , ...:1'C.:,t...,..i.Y...:a..:,.....'u.....;1....::.:::it.:.......'..z:.E..i;r_..'ILi1t.....:%.,,......,1t...,3.+:.:,i[/..ciii......�:.idt:d.._�...�:4.«. .1 ,.4—'A,_...1; ,• ,....._.. L..`..... ., ,.:..�Y.r,...... :r. YA: I• r � ' r '. ��.,V,�wli�Lt!!%C'.>.:esirr..:,�__ ;:L" .t,,4[.•C:11'.:a:,IL'e Y/Sl Ci41 ' Cii�::.i.Jr•,3`v:+' --.•.n.'la,sr J'.J - , •, : �' +`t �'� REQUEST IF0101-1 CITY Ckt'."XU1NK0"d`1L ACTION • J l •''r l r r ", 1 �• ,,' ' Submitted b y Frank B. Arguello De artmant Administrative Services q ,� P Date Prepared March 19 , 19 el Backup Material Attached �X Yers No , Subject FIRST READING OF ORDINANCE TO AMEND THE CONTRACT BETWEEN ��''� ; ��+•'+�,, ,• � . _ THE CITY OF HUNI INGTON BEACH AND TH:. PUBLIC EMPLOYEES' 1 r , r :j'•,,'; +r p i, Pt,r7T PrAA T SV- 'rEhA ",,�,�„ .SL;: :i"7"i . •.'::r;: r '9 City AdminittrztorsComments •'''' f,,'�`' t 't ' l,? v'!7. Lj t, r.. .�. •,r�.� ...u...•,.+.r. a.r,. •J'!. 'i;'.1'�V;T•r�!/I�i.�`,: L,• , + ,li ,.iyt•t,a r; t r r, ','JA' I Y��.� � 1 / AP PRoy D sty cd'1'y CQUN Approve as recommended. c1L aK� '� ,� ,:�f4 j'�(,'''!y;1•w�'t,` ter` ••i• .r•r.......�„�: ram. 1 ;;d ,a' < .,.'. • ' Statement cf Issue, Recommendation, Analysis, Funding Source, Alternative Actiocs: ok Statement of Issr>P: Tile City Council previously approved the Resolution of Intent to amend the City s contract with •,i�,`;,� , • , . ; , ;r.Y 1;1 the Public Employees' Retirement S steh to provide the highest single year corn ensation for P 9 g Y P calculation of retirement benefits and to rovide continuation of employment be and a 67 for .•. ( ; ' '.' " classifications represented by the Management Employees' Orgonization and the Municipal Y:3�'•,t°!" " r Employees' Association. ... "ti Recommendation:: t Adoption of the attached oruin©nce to ar~end the Citys contract with the Pwlic Employee, : •' '�. Retirement System. This contract is needed to implement. Article IV of the current Memorandumn of Agreccnent '�; ' r,r,• {�7��. f. ' between the City and the Management Employees' Organization (Resolutior. No. 4916) and ,article• 4 ` of the current Memorandum of Agreement between the City and the Municipal Employees' Association (Resolution No. 4911). This states that the City shall amend its cantrect with the ' � �,r'Y�r'•,.,�'•,�':. ` f f'�lic Employees' Retirement 5 stem to provide the final cam nsatlon based on b �riod of one ``! V:'�Yl�`'`!'w' Y P Pe P� t., , 4.,,• f. Year to be effective May 30> 1981> and to provide the continuation of employment beyond age 47. ;-!.' }; .Y,Vs4•,?�,, Funding Source: Provision has been made for too- additional costs, in the 1901-82 budget. , ..u• r . r}; FBA:dp :i. �+ ., `I f.,.:' -;tip • 1 !!s / �1.11HAD •:�:°!�,; ; :+:: f,' r` / . t_! VAR i n i S. ' it :i Pic 2170 II • '1 {e f 4 !'! .; J J .�`� .�.tl.fr a'•lr"rY'�,In!t�t .! /Y, :t• ' 'f! Ji � - �,�:5... .. :,-/".' 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'., i t 11 k i L ,r3'r.'J''�','�,,, 1 r + '�'{,.�'�dS '� ! • r.•' �; i;' � � i ;,"";�`lS.� • J'. � •,' I''� i�. r f:,, i •+ , t '.�, ; l:� rpv.<;:' f �" .1 iJ• :'1 li � ,'l. r '. ,`�! •'"'; t "1Y�'Y r 1'�: j.,' �, 3., iA l i. ;�� tt ..•�•,�' ! � �,,.'{a; +: 4 ;^ v�# a 1.. , 1 e !; .t• ..> t:,3 � " pp ff�� i. `r eye ,l1 t'Rr�q.! 't l' 4 '�1,,..�„ �, C � i!1'ti• �,. '• t, JJ, �r' [1 �,i 5.1�,:• y (.�1 !�, � ,^ Y \,r ./ 1�,� ., �1 ;t r ,i G, ;5 .}, .11: -"t:� L. ,�. !? .a'.fr i' V 1,. 1`.J r'.1l ,4.. , .i ,J ^I f... '. j,, tl.,.. �:a^.r•�`,�'�:{:. is 1.. .._ �%��.• •'T ,��•i:� ! '''.3:'.'� � ai•».. '�•..'i5. _.. .�'•Y 1., ..�1 '.•�<': !Ft ,,, 1. l�.' ........... .i l:_:1... ,i�•. .:>. ..._. :�, .:.�: .'.:. .... _._....... .... .....'.l.,r`.:::...L !. 'n'd[:.i. .: �, ..1 _tl.1. :,. Jt 7�:.. u.... �4- A 14' Aj- j r r f r r. REQUEST FOR CITY COUNCIL ACTION Submitted by Bdward H. `lha=pson Departmint Perscqviel Date Prepared December 24 jqf0 Beckup Matorial Attectied rn Yn NZ) Subject Resolution of Intent to affiend the contract between the C Lt Y of IMI)t3maon &--ar-h and the Public- aysten City Administrator's Comments 'S, C ,OuNC-11- 4, Approve as recamnand• xv . t rVL0VrD -x/ 401, Statement of Issue, Remmmandation, Analysis, Funding Source, Alternative Actions: base upon whichretim-7we-nt benefits arr- Ihis amendment will provide the ba calculated to be predicated upon the ezp"loyee s highest one year caq)e-n- sation and to provide continuation of"employment beyond age, 67 for classifications represented by the 14nagenent DTpk-lyessl Organizatian and the Municipal Bmloyeesl Association. T Re ccu� _rrrfidati on Adoption of the attached Resolution of Intent to amend the City's cLntr%L_-_-?t with the Public 1)Tployees1Aetir_Tmnt System. -a ils fi. t... r... . This contract is needZd to imple.T;ent Article IV of Ur. ciizirent grandam of Agrewient between *i City and the Manago_,mnt EVloyees' Organization (Resolution No. 49.1t) and Article 4 of the current Memoriandum of Agreermnt between the City /nd the Municipal Eaployees' Association (Resolution No. 4911). This states the *levant position that the City shall amend its contract • with -the Publi%Employees' Ret3a-emnt System to provide -the final c-.mmensation bu-,ed on a per, od of one year to be effective May �J, 1981. aryl to provide the continua on of am?loprtant beyond age 67. Fun= Y Provision will be nude f6r the additional costs in the 1981-82 budget. Y'l -7- -7- 1,77 7 FG4f,U 44;h il"A F., 17 1, Y 4. 7 F I it 4Y W. -[,1%At ". _ . . , _.- , .. , - . , , : . --.. . r.. - ; :-., �-, 7. . � I. , " '" I.- . .. '. , I I - , , 4-., " � -, i � ; . 7 : .. - I : , - , ... .1 . - I , ., p. " - •." -* '� f -, 1, ': " I sixr. I- a I I- A V�o•• ."A Vxy •fie 11r. 4 4" ti 4 _ t Ac. REQUEST FOR 'CITY COUNCIL ACTION Submitted by E&ard H. Th2g3son Departm6nt P01'sOnnel Date Prepared June 12 '1978 l3kkup Ma I Attached 0 Yes No Subject First Reading of Ordimance tc Amend the Contract bevdeen the City of Hintington Beach and the Public Enployces Retire-wnt System e) City Administrator's Comments Approve as recaimiended. %� '� Yl l�l��(��(y ; `s ;n'7,t,':, ,. g, r Statement of Issue, Recommendation, Analysis, Funding Source, Alternative Actions: Statement of Issue The City Council previously approved the Resolution of Intent to amend the City's contract with the Public Ezployees' Retirement System'an June 5, 1978, to provide for the California Highway Patrol retirement plan for the Police OfficersAssociation and Fqrine Safety Officers' Association. The Public Employees' Retira=nt System s reclu] o a first and, a final fueading of an ordinance to amend the City's contract; in addition v , I ip to the previous 'resolution. Recomwnded ,-.ztion Adoption of the attached ordinance to amend the Cirf Is contract with the 1,ub lic T -stem. ' Employees' RetirenLant 5 Analysis The contract awndwit is needed to implement Article 8 of the current Wmoratidwa of Agreement between the City of Huntington Beach and the Huntington Beach Police Officers' Association (Resolution 4300) and Article 8 of the current Wamiwidum of AgreeTwnt between the City of Huntington Beach :end the F=tington Beach Marine Safety Officers' Association (Resolution 4392%1. This states in relevant portion that the City M shall vuend its contract kith the Public Employees' Retirement System to ptovid^ the retirement benefits comuted b r utilizing the two percent at age 50 fomul a con-Tonly referred to as the Calf.13ornia (iigln,ay Patrol Ketiren&jic Plan. The Public Employees I Retire)wnt System requires that there be a first and a final reading of this ordinance. The final reading scheduled for the July 3, 1978 Council meeting. To insure the earliest date possiblefor inplewntation in accor&,3.nce with -,ctiw, a the Mermrandins of Agreement, it is rL imded that the ordinance be.,ppTn%vdon the June "9,1978 Council meeting. ;funding Source Provision has been made for the additicnal costs in the 1978-79 budget. Mo 378 1: T. .4 Y,'';�'.?Vj IP's v E T.XW ' . W W. k"AWt. (1-1 •Cl f: ��t t'f 114, k N �:�j P'4'9� 1i q S rj "t X J? I: k �T I' V V`j,� 7� 4 e t A A .4, ?4 It A 'j •f 3 1j; S� 0,11 Y LJ U 1i W. I v e 4, CITY OF HUNTINGTON BEACH COUNCIL-Ar JMINISTRATOR COMMUNICATION To Honorable Mayor and City From Floyd G. Belsito, Council NL-mbers City Adn! -Is tr. Wr S ect Public I:Tployees I Retirement Date June 5, 1578 fr ub, System Resolution s Attached is a revised Resolution of Jntent to amend our contract 1jith the Public Empicyces Retirement System to provide thew, 'I at age 50 retirement plan for the Police Officers, Association and 't'he ..V Marine Safety Officer.s, Association. Ch-M L, lbo revision contains a g in the wording of the statem'nt of proposed change as follows: A -Section 21"52.oi (Full 2% at age 50) for- rolic,-% and lifeguard members. Also attached is a copy of said amendment to -fie contract between the City Council and the Public Employees' ILL Re t4remetrit System as an exhibit. it 1his amendment will result in an increase in the City,s contribution ite from 0.0% to .006% for prior service until June 30,2000. The effect of this amendment ifill, increast! the City's retirement contribution rate for Safety employees fiom '4'ic present 18. 0521 to a new rate of 22.6951. The 1978-79 budget imPIct 'fill he $393,852 and funds have been included in the 1978-79 budget. This contract amendment is needed tz, implement Article 8 of the f ulice Officers' Association and the Kirine Safety Officers' Association Memorandums of kgreerrent. 'fliis ajcndlwnt was to he effecti.ve 011 ,Tilly du-- to the delay of the Retimmert Syst-2pj it, computing 108, howev !� the actuarial valuations, tJie earliest possible iinp.le=ntation date is •August 5, 1978. 'The first and final ixzdings of this ordinance avo scheduled for subsequent Council meetings. 4 I`�PsPectfiill,Y Submitted, isito City inistrator j e d V V" k4 At r. 41 -P11 k4i:' ,' 'f.' }tl��.''I da'+ .i'? ' r, �. 'tt r+s!?xAJr h'+.' ,.,•.tie 'r',• IA All Oi, _y COUNCIL. ACTION REQUEST FOR C11 Submitted by ompsorl ub, Edward H. Th Department ---Lersonnel I? Date Prepared Hu 23 19 78 Backup Material Attached Yes No Subject �U `—J a ;•':,,r �, Y, ube-Pu V 0`2 P C. ........... City Administrator's Comments AtIIROVLCOUNCILD BY CITY COUNCIL z, Approve as recommended. ctry MW.4 V J Statement of issue Stat Recommendation, Analysis, Funding Source, Alternative Actions: OCAtement or Issue '?..r iq,q A W, The City has not yet amended its cor-tr4nt with the Public Employees' Retirement System to provide the retirement benefits agreed upon in the current Hemortandu.,as of Agreement with the Police Officers' Association and the Marine Safety Officers' Association. , �ilf Recoomended Action Ad^ption of the attached Resolution Public Employees' Retirement System. of Intent to amend the City's contract with tile The contract amendment is needed to implement Article 8 of the current Nemorandum of Agreement between the City of HBeach and the Huntington Bencl, pol untington . ice Officers' Association (Resolution 4300) and Article 8 of the current Memorandum of Agreement between the C4Y of 11untington Beach and the Huntington Beach Marine 'safety Officers' Association (Resolution 4392). This states in relevant portion that the City I;hnll amend its contract with the Public Employees' Retirement System to provide the retirement benefits computed by utilizing the two percent at age 50 formula co-,?nonly referred to as tha California Highway Patrol R result in an increased cost of $393,852. etirement Plan. This amendmelit will In order to insure the earliest possible date for implementation in accorriance Stith the Memoranduris of Agreement, it is recommended that the- ResolutResolutionof Intent be adopted at the June 5, 1978 Council meeting. The Public Employees' Retirement System requires adoption of an ordinance to implement this amendment. The first and final readings of the ordinaace nre Scheduled for subsequent Council meetings. Funding Source Provision has been made for the additional costs in the preliminar1 y 4978-79 budget F10 3178 v m P a " " I I ;.dJ1 .. '. I I " , . %-7 ., .,q. , . , 1 ;!, �I, .,.r •J•, r. 'n: `' � ',' 't 'f', �, i? /' ,Y' ( .1',,' , /'.•1 '�+' r I ,/ ( A. �,•• /• ''. ,; ," 1. '/ '! 'I', 'A',r� •'i J �. t•`.'`. �,f.. 1 I ( / .4' •' IrI/ i � `J'.,� r 'l l�' I '� /. 'r � :Ir ;,� !r �, Y,. r, ,. 'iIr 1' �s / rt� Y I, •5 r t t ,Ar r. 1+ 1. _ ••j . . "�, .: t.• r ... .... ....iY r.L:.l.:ift '',t i I .1i.1 l..•.l...J•_Y.r...:.1'•t�.a..:.JIA..r._t.r./w:tS ti.'Y S..I ..u.i.A1.Lu ['.. t' v1/4 .::. .. �.i'lai�.t!�' 1 ,, •' J I ( i1. ,', ,`:.. �: :r a.r.. •(.•:<. f•tll......._ ....,� !r.^ti'.�., ..'l.. .1'-_�i.:_,'t'........:al,.'.i.:,s�l.!:�_:ia~y�:i%,ai.+.a'�.:,f:....i...../}'ti/��• 1>>>'///•J, J. r ' .',r' . 1, ,) . , • ' � � ` • � � ['� • .�,,! ! f rtE UES T FOR .+v.J?,,Y//'rrr, CITY COtJI�Cii� C'�'IC�R! .ubmitted by Edward ff. Thom son Department Personnel `I ' Date Prepared _/ 79 Backup Material Attached X� Yes No ,I:flr , '• t •~', Subject __ 1 "i ng, pER.9 rant ----- G'Ct P—S_ ion 209R.6 Uf the ',:',. •.. ,'. Government Code for our employees j rt. ,r'. ' ,, Ili. ,JI Cs} ,•I f,:`,'.�; '; ,Fill t � 1 fli .., 't.• f . s ' ! 7 't I 1 • w•. 4 r. t ape "T r� +..wr.....r.rr�. City Administrator's Comments pig YED FiY CITY CGUNCIL Approve as recommeridoc7---------- CLERL Statewont of Issue, Recommendation, alysir, Funding �urce, Alternative Actions: ta— te� me t a Issue: "--�-- The current Memorandum of Understan 'ng with the Municipal Employees' Association provides for the modi.fica ion`of our PER'3 contract to include Waiver of Age 70 Retirement fo'r,, focal Miscellaneous Employees. Recommendation: This Resolution of Intention is the first s•eP in the modification process. Anal sis: This modification removes the manda�ory rletiremc'nt age (i.e. 67) and it'll\i' mployees to stork pravided they a2`e certified as competent by Cityagement.; Fundg.Source : i None rIi 1 � �tfi A] ternati•re Ac ion: (� Not to modify PF:RS 1 '- .•1 , 1, . , tr 378 w Yfl ,1: •,l /, tr; t'• "7•i: ,.• ,. t'•r. ..0 .. .,1 :tC :rt • 1. : l I.r. far .... .. .. '.;,,..6-^:".,.7�•.r:..-lt:•-•s^:...t•t^ ..:nr--::npot•,�•,•�.,.��.,}�J. rl` lit ,'t7 t 'Yr P f�7 ,Nr a rl ,,, 9 r yl..5r( _ ... t ,A f ", �; ,yr•,I,+ �'A'I.:'� t' ��� °r, 3 ttfy, i�;� '•4,' �� t n ,}M�j�%Itl�, k+Y �,p�E�� �t 7 � •Y Hr ' * r -flR ,� ..rl+' , fE `� •,r�'Y►r 0•,, 1.�� rr� . 'r *•. ,?t : l �, '4 r t,y S 11�� Yy'. 1 r b .. y{ I +f''{�t�lf •.h� .�ti'w � , `'1\s � r Y I Y �� .i 'I.,it.�'i1 �1� '',�dii� iM�!! r ,Y • �1' f UflP�f :1' ff � ��`Y R M. '.A p-i, v, $4 T Pill V J ...... lel !'I City of Huntington Befi A e P.O. BOX ISO CALIFOR14W 2643 PEPSONNEL DEPARTMENT V TO: Floyd G. Belsito, city Administrator I PRO14: Edward H. Thompson, Personnel Directot DATE: July 11, 1977 p. Ojew SUBJECT: CONTRACT AMENDMENT WITH PERS V ;;:o Attached is Resolution No. a resolution of intent to amend the contract between the City of Huntington Beach and the Public Employee's Retirement System. 0i This is to illipInment. Article 12 of the current Menvirandum of lot Agreement between the City of Huntington Beach and the --ireman's Association Huntington Beach 4, "%,T, (Resolution No, 4340). This states in re--.vant portion that the City shall amend its K contract with PERr, to provide that the base upon which retirement benefits are calculated to be predicated upon the eMPION'Les highest one year compensation. Recommend adoption by the City Council so that the enacting ordinance may be received from the retirement system at the earliest possible date to ensure implementation in accordance with the Memorandum of Agreement. Provision" in made for the �.V Pal costs in the .1977-78 budget, $45,059.00. fig � Sincerely, Erb7ard K., Thompson Director of Personnel and V; Labor Relations MT: sh Iq I let A r 41, lL T. 14 40, I ri —W-017"t, Y W4 o Le k ii,14 "A n M ej' I V If 4' I City o "untington 'ElpeacTi P.O. Box 1?0 CALWOWflA 92540 PERSONNEL DEPARTMENT net III. :.4 q TO. F1_0Yd G. BelFito, City Administrator rROM: Edward H. Thompson, Director of Personnel and Labor Relations DATE: 26 July 1977 SUBJECT: CONTRACT AMENDMENT WITH PERS jol Ordinance No.2� L5 has been prepared to -mend the contract between the Public Employee0a Retirement System and the City in order to Provide one year final compensation for Firefighters. '1 4 AY% RECOMMENDED ACTIOIJ Yj yll, "7 k �!Y"•Ordinance wo.,ga 15 should have first reading on Monday, Augulit 1977 and the sacond reading for adoption an Monday, 15 August 1977 tO fulfill our contractual agreement with -the Firefighter's Association. kesolution No. 4493 was passed by the City Cou"Icil o.n Is July 1977 and was the Resolution of Intent to amend the City's contract with PERS. The effect of this ordinance will increane the City's Retirement contributions for safety erployees from the present 16.326% to a new rate of 17.012%. The 1977-78 4 budget impact WillL be $45,059.00 and funds have been included in the 1977-70 budget. cerely.. t t Edward It.T iompson It .4 von, and Director Pex Labor P. ations VNT: sh Ilk' to Y V. Nif-W.Aw", ..tf I A 4 40 I = r Jv '5 pia r� f77 71 P4 T- 117 1k 144 12 November 1973 TO: City Council FROM: City Attorney Y, v SLIWECT: Resolution Authorizing Perionnel Director to Make Determination with respect: to Employee Disability under Public Employees' RetirementL a,.,,, At the request of the City Administrator and the Personnel :Y:', Director, we transmit resolution which delegates the au- t-h0-LitY to the the Personne' Director to make deterrriina:;1(,,,ns 11 0-1 of disability and the type of disability, as well as (;c, make application, on behalf of the city, for disability re— (41 tirenlent of employees who are local safety and to request reinstatement of such ,:mp1oyf,,;-j who have been i-f-- tired because of disabilit- Respectfully s*jb7iitt-,Il2d, DON P. B N City Attorn- /ahb Attachment -n v .4 Izi Y ZVi AlAli,v Kr�`,hJ`;�,,. }•' •,,, r ,, 1• ,,, .. " � r l�','r r 4Jt/�,51 r''tk'i�'"�4ry1. oi, , ei I V 4 rr wl, rr •. ,`' • + , r. 1 , it •. ,' - f y! 1'"+`r•rIL`f� .t. •'�•,, 1. f.. ' ,1� r. , , � i..:, r 1, •,` 1.. t �7 , ',r'r�r• ,q; ',f1'i.,,J ql;%ft••!'. �!' .' ./, .7 ':J •J. ,,• •'r'•;' ;d' ,{.71. ''Slv vs.hwi"''.�M ',�,�:1r. .� •I,`1 '••f/}, I+r �.y.?lt'1G'�`•+.'�/,' 1�iti'�. ,,, , .:i., f.. at[., ;y ;ti :,':.. :+' ..'t'.:t+::.::T_;"t.� r�t�er...u:1:7:,.....,tc.tt:r:rr:•Stit.A►.�ni.tt::.L...;Y..r..r.:'tt+'!J',..; J!_.....��t.......5.._.�i�i'}:...s,t"1e.T.'�F� �., �'r ' ,�, t t 1 STATE OF CALIFORNIA—BOARD OF ADMINISTRATION _' j FlF (? ;�3 1970 _ RONAID REAGAN, Governor � r..J PUBLIC EMPLOYEES' RETIREMENT SYSTEM � err o 13CACHIr+-raN ! 1 1416 NINTH STREET, P.O. FOX 1955 PER90NEL. V.PT. SACRAMENTO, CALIFORNIA 9301)9 vte Direct Yevr Rtptr to Scrtion—, Peter to Mtrnbtr Accovit Numbra.� December 23, 1970 TO: HEADS OF ALL SUTE DEPARTMENTS AND AGENCIES PUBLIC AGFVCIES CONTRACTING FOR RETIREMENT COVr!MGE r .••+': , ' ✓.'' ;r'! ', DISTRICT AGRICULTURAL ASSOCIATIONS HEALTH BENEIUTS OFFICERS ANr ASSISTANT, i;,i;• %'. ' ,' `+' ,' 'r F;�IA' LTH BENEFITS FLAN CARRIERS E24L10YDE ORGANIZATIONS (nUI R INTERES'lrET) PARTIES NOTICE OF PROPOSED CHANGES IN REGTUTIONS OF = BOARD OF ADMIKSTRATIOIt, PUBLIC F.i;'FLOYE7,S' RETIREI1MIT SYSTEM Notice is hereby given that the Board of Administration, Public Employees' Retirement System, pursuant to authority vested by Sections 22754, 22775. 22M and 22810, Government Code, will consider a change in its regalations in Subchapter 3, Chapter 2, DIvinion 1, Title 2 of the California Administrative Code, relating to the Meyers-Geddea State Empl.oyeest Medical and. Huspital Care Fact as follows:' Amend subsection (e) of Section 599.502, to read: (e) Tne Board will, at least once every three years, provide every employee and evertir annuitant who rp iar thereto was eligible to enroll or re -enroll as an annuitant or, upcn first attaining status as an annuitant, to continue his enrollment as an eilo ee, and every enrolled employee had enrolled annuitant an opportiu:ity for change of enrollment., on nuch terms and conditions as it may prescribe. Notice is also given thati any person interested may presence statements and argum!ynts, orally or in xeitirg, relevant to the action proposed at a hearin!, to be hnld in the First Floor Auditorium of the Resources Building at i416 Ninth Street, Sacramento, California at 9: 00 a.m. on January 27, 1971. At such time, or at any time the: eafter, said Board of Administration, upon its o.,-n motion or at the instance of any interested party, may adopt the proposal substantially as set forth, without further notice. Copies of the proposed regulation - :nay be obtained upon request at the office of the Juard of Administration, Public Dnployces' Retirement System, 1416 Ninth Street, Sacramento, California (P. 0. Box 191,-3, Sacramento, California 95809). BOARD OF ADMINISTRATION PUBLIC EM'LQYEF:S' RETIFtiA1E','t'° DYS"IEN `T BY: '1' `` 1 ! ,'R :�i�. �rr�w,n �nn.wwM. •.r.�.�+.�w�.���...�. ... �.� w.• ,+r`�n 1♦ 1: 1'� 1' r. .. .. I' 111'. 'It J.'(il a � ill' 1 1' ' •i ' y , , i•, , JJ r. lit'' 1�'rJ• i '' ' , . .1' �i• 1 f'•�' ' e t6rY`� WILLIAM E. PAYVeL E)a,-'UUTI� 3 OFFICER ��y'7•t;�l �.t fl5 1. • 4 J 1, '•/i '1+.'li 11;�}., %', �,. 210'" ;,► i w `' t .t _ , '.t `, '`fit ., ,,+IJ`rtir. kl 7 •�"^�+!'1 r' 3' � l.• _e _J I 0, + t'!J(,. , -+` r7r3'YY1'�►'�D�..S1ii��...,rJS.J.r..>�:-��`::.iU..�i�f..;,•ra+«..ar...r..+wn�usa,r<u.:.irSL•'.t* Y.C:.:h•:a...r'k:).Lf:F.:.i6"7.1ll.FA.:.rail:':I.rsi'%r:Rl',ri..:1.•:,.'.;.',�.•,:t,r':.,s•Fx,3.•suss+:.nu.wiri:� r StATE OF CAUFORNIA-SOARrl OF ADMINISIRATION RONALD REAGAN, Gorarnut •,' ;, .. vim__— � ...__ c. ,I .. ., PUBLIC ..1 aYEES' RE7IFLElJfE�1T SYSTEM 1416 ,� ! 1933 0all tr �. r. SA ft TO, IIFTNI 9 9 •nt, FIOtrat Yovr R,P, �_Ito 5•ttien r {j I ! September 21, 1970 Krftt to Aim r......._. .__�._. .. t ♦ A L r rtou•tt N4rra+. „ ALL , OFPART14EXTS MD AGENCIES / C ITY OF CALIFORNIA II125TK1►TIVE AND FliRSOti2l OFFICEit`S OF ALL CONTRACTING PUBLIC AGENCIES t� SUWEC`f: STATUTORY BENEFICIARIES - CHAPTER 568, STATUS OF 1970 (A.B. 1524) J This bill will become operative as law on or about Ilovember 22, 1970. It may have an important effect on some of your employees, Pl.eape rnad the -following information enrefuily. We will cover these points: A. Statutory beneficiaries have been ostablished for me-mbern; 13. Individual noticas are being slant to each member explaining the effect +� of this law change and what action, t£ any, iu requfred, } C. This exterdment will result in procedural changes. a ;'I: The law changes provide that if a member of P.E.R.S. was either (a) married, 'Y (b) obtained a dianolution o. annulment of hie marriage or (c) acquired a child by birth er adop•tion, at >agj- time after he last filed a benefieia3ry dPn1,02t?M with i. the Syr3tem, that designation in automatically revoked and the follovii,g survi.vorc A' " will become his "statutory beneficiaries,' in the order ntated: ' 1. The member) to spouse, r t 2. If no spouse, the member' s children (children of a deceased child of the t ` member to receive such child's share); ;+ 'z ! 3. If no spouse or children, the member' s parents; r;r' 4. If none of the above, any lump -sum death benefit which is payable, trill be paid to the member, s estate. The revocation will occur an of the effective date of legislation if v.uch an event r hca occurred prior to that date. Revocation because of any such event occurring y thereafter will be on the date the event ozeura. The System has prepared a brief f nformlttional notice to be given to each of your eoployeeea who vre members of P.E.R.S. ♦ri.en the Members, Annual Statements are ',' delivered to each agency around October 1, 1970. Cl.nca this type of iaformatior is o not always readily understood by all of our members, we would like to provide you, `�•, their employers. with advance; notice vo that you may give them some alnsintanro, if necacsary. It is important for moth prevent and new members to underata�.d that if the '+ statutory beneficiary designations contained in the now In iolation are the doeignations t:,at the member would witch, then he does not h+`,.,� to file beneficiary � denignationn or continuously update them because of mar; Iage, birth or adoption of W children, or Ti1coolution or imnuimont of marriage. ` a4 ' ,,�,,,Z t. y.t-•t,.,,, ......-......—� ..--. .....,.. .... ..—.... .....�_ .,, v.r, i, r. rrv... .,r .,. ... ...-. ........... ... ...... .... ...._. �_..... .._...�... .... ._.. ........... _....►... �_ ".. f. � 'l r r'I, r �y 1, r -J .J ;.r tt' •r ! �V,%'r •ram �;t 7 ,�Pi 5���rtJ�ar 'r ,i lot y.tl 'y$6•'"� { ' yi,r+r' i V' . ,.. r r P . , • ' + . r, � 3'M'!a,r ; r i •r ' V. r!J l �i t' ry' ' t5'• .`, .,, - .. +,•' 'i 7 / ,, .1 , !t'� r .0 t,•. y 'Jvs , '';� try.';. '<' •t• r , •;�;r ., it•,• tL, "ii.'r .i Zr ,d ` tr - '1. ",4 r r'! 1, r t •`J ..I,f t r�3�� ,'� ,y1 ' •5��¢i}�r.X, rt. •+, tlt � (t� 1 ., t ;.i f ur .t, .;•'•, .,3'-J 3P f�+.f(+t^i�t ':. } t1.Jt f} , I ' .., - � r.> ')i •', .I ,•�'A ./, - .�Jrr - , r •��� M •!r .r J,/.' r) _ r r - r ,5.• - r, .it ! � 1� J'� r'�r F t' �i` 1 .` ,.. ' k 1. '', tt'` ,Y; � r '•� ,�,, >'y3 �: ■ri•.... •`r I ' (:',+ '�,. it �'-t'r'/! .tyJ1'I,;JfY! '.i ' J wwl....ta" 'rt r , f'1rt)r `'' �,!'. 1 ,'ifi I .t • . t f r , .1 +' 7'" SN%. � r 1-,� , , c ,1 • yjr /r( /tr vk1 ,tt f{r. ''r. 1:..+Jr1'.S.111A+S.uJSr�. w......L-�-... . _.. ... - ..._ ..._....w�.n .....��.»._ '! .,. �..._..« '4` • ... .�«' r ,f , I.1'�' •'y F fYrf •!•i.,+f j c . _ __. ___. _. ._..nr::�..r.1i'r+:>!'!irl}..:•:S.r'3t:_.:9xu.r ..,..�,.r..,ra:,C.I2:.r_.,•=1'?']i[uetuMw, Al No action i n :squired by any .aember if The 17statutory beneficiaries17 (1, 2) 3 or 4 preceding) are thane he •,r :'% ;r: ' ',•'lfl ! (or she) wishes to receive the lump -sum death benefit should death occur before retirement; or - Other beneficiaries have already been named and no event enumerated in a, b and c preceding has occurred since he (or she) last filod a beneficiary dem-: nattor. ,rith the Syztere a ',�,'� .�`' tl I�r.'�i lf.'. '1 j'.' l t ''` ' Vc r. ��.,,�tJ!ac;�;r •;'. f,;', : • + It is alau important for or vrese3nt mombers to know that if he or she has 1 experienced any yes tr'he events listed under (a), (b) or W in the seernd paragraph r�-- f,J r !''� precceding since the 1e.at time a i?t�ne3fi-:iaz„ designation was fi7.ed ui.th P.E.�t,S,, r;t i:. r� a 4 the member watmte to deatgnatr! bsnaflc�arieg differen"t„lthan tine Itstatntaryt3' �'' `•r,': ; ` ;�: , t. banGf ciariee"`e__mut. file another Form 249 Changof Dene£ieia cw astid each time ouch an event occurs hereafter. en Prest sua»lie of FQrin ,241 mt�y be used. You will be given notice; lnt,hr of the availability of n rov-ised Fora 241 t ' Employees becoming members after' the effective date of the la illation noe5d f �P Y C g "rt' r3' :-;•t,•,;;+,r��r ,.•;'?:.;�;.:n ' ' / 6r i.r�, 'J�, T'r fif •1*'•r J•V y':�t ,�Y, . •",, ,, :: not designate beneficiaries and ahrn:Zd be encouraged not to do so if the beneficiaries they ui.ah to a aceivo the benefit pro the Bane as the statutory benef iciario 'Shtay have; the; right to designate other � arm h r ban:�ficiaries if they Irish to do eo. ,•"`''" The enactment of this provision of law will result in majtz procedural changes rind revision of farms used b State and contracting •�• e e y ntracting Public A,gsncien to report sera ;: '•� � ,�', ';!'�,,'�'{•• ',� nemisers a;.d provide beneficiary designations. p y w , ' i It is lanrmr.+l that b De^emb+�r 1 � ;.'.;;J,±;�,• ,'' ,-';;,���.��-,,;`�,. ,r 1970, the uocaysea7 Public Agency Fhnual wrier4-,en?s -ogother %rich +a Wipply of nee; forms will be read© arailable3 to the contrasting i'ubZic rJge�Sicios. By January 1, M ) the neu procedures will be p. ovidod to State Emmtp:.oyere. Until cnmch titze, your prevent precedurccm and facmc i:hoceld be,continued for now mesabQrD.tV y .c C..,- �'.., ����'��__�� ly �L.'�4•S''4"--' 6 ��}} ":........ � `_ r r ;,f a3�, t�. `�. `MBE t•' /Wf rl•�C 1' :. IyhYtt , En CUTIV OMCER ) , ;y •7� , , i �, 1• :,•l. rK1,I r�t L �'}7• t `i � ,, � J t � rr r r '� , l i i r ,7 ' ��t fS ' e !'{f .ter r� x �j r i' ' - � � �'t' • t � r , � ��V 7�- �'� ' i k,v �. ' fit 1; C'Jf yA. �7 �r 71, �f•''' ' l I .•'' '�r� ++fRf� '•1 ta.' �1, �, r•'r r•'i,J, •t •1'S ,. It „ .. ` r ,'I. rj" � ,rr Is: ali{r ,;� I ;/ is /.a,") t'{r a' "1{•I'�,f ,' .'v ] , r '•J' � t, •ya ao'>1 'V ,,. ,.'•N'i ja, t. �i.,�;. r^yi,' l r - ' , . - ;+. S'' �+,�Iyto � , ,•r•'�l'�•r �t' .� .+ „" � - il'r 'r� �t 1, t. •1,i�'��� S '�(rr yjr� ltir,�:•✓l `-r,+•'tir,'a.��{t,f'r,�te,,�t ., ` r '/ �ro- �•�. �+�?l�;,r„';A„tn�,,.�,`-I•�(r, . ( r'1 f i Ir � r. _ . , � �, ,. , {+.; , +ylf�j r'+r` yr{,l: Yts�..%{; f ,'..r f�' t•• , y .,,. r 1j!'. i� i r ' +�,,rl' r+c J'%,�1',1 r(! rl k;� .�w ry�lt'r"r. l , yl /",,rl^fyt r, 1 ,` ' .•!/rf r• ! ;}.1 t r '.1�(YSCI�,f } /`�lllr ! :! 4. va, ++{. i'v���dl,f,f��r(°t� ( r�'r'rw 'y' [,jl•'7' '1 11// r� 'J •J• I_, !• ,, sk+.,r. r+ �'ii .Tti "�xr r'•' -,�•' _•��'++ yy �T i_yr'�'i� +�/�,''+'+ r�', .i 1 r ;r• '�T - .. _ •,r � ,r '' - �ti�' !'+' ti r• t�k � '1 �' •,�ifR , F "tg, ''" •1,"! r + � •1., , , �`r' r! : , ; . r t (. - 3+: , , I r r r F �Fjy� � f ` I ��{ + '�' '!t • !''r ry.• f ' ,,-; rYY '•`. ". '- ' •: .. t,�� 't +'1, (art' + y •. , v,� ,_' /I' yJ ,( ' �, �.i'. j� +', f+ *'1 1 ,,r1�• , '/', r• F- ,i ' i.P' '' �'!, '' f , � �..A I,�`r, "\F!X /J :,f l.i '') , /�V��i �•it•'f .ri ', jr. �''J�l,:�°•' .•r5�?'{y •t+ •it'1' J, y. ""t , ,: +. .t Y• r'!. ,i•,tICJ 41 S N•ry.,Y.1'I = �r,,tl '1i.1.♦, 3^ t%'b a, it + �• �'r: 7a 1'/i1 /•� �1., +1 trl+i'1i r'' CI •j' 11 '7 /t t �. t ' '(•7, �.'. I'll P., /A., i1 ivd�:•y: r'� r'r6 `!y' + 4Fu. '+, q�tri•r' i '• 1. _ ,< •r, ;r, 1.7r `�Y,•ly4.Y',rr ,w'w,i'r .r ,`•r,.� , •,w, .i f = r•r++ i •r+ y+t .i`,�'fif•C' t r', rr4'�' r • i;%hy f• _. .t' i :I, ..i, i :1,r n ••,Y' ''�,.,y "+ , l '- 7 t 'v l'w+'('f etj {, 1•w t "•J!, . . l+ / ).r �j,r�,,�ru1f r'l�'I i� j: t`,! ,,t ,+ r , 1 .< �. .'r H. ''+� '! :Y + r I1 ', i 1`•''�'''•JyTi� ►7, S• ^,f•t.. 51 Z• •�Kr�,!f,l,9,i„, ,�6_yrt'��""'�,{`q!'�.i/•"' r << •i.,. •,' 1 y' '� / �'• f '/'(mot +' w'}' j. °�.: j'k>si,,�e.,+�l�r�ry;A'Yr( .{�gJ, t�]i!'1ti�5!%�.^.t4Ea36.17L'"..l?L•Y:is1�it.F�..�:r.,.eaaw:rL'iSh1.L:l:ili� �e1 i •'��j.i,la:rY.�{`��`�YS;r ,4ye'ryrlr✓yti�!`'+! 'i� Vrj"-'9,+ ! r1,r,o-'Y'.1� 7` � f' .+�7r; $.,,,,( , : r..l. ,, i' ��' 1'. �.�l�iYi :^....i. i.r..{�Y;7.1'la;.'r..�.:L ♦ �:' .. ;i& .,. •. ,�. ';;ti••}/, ,;'7,/ ' � j i.t •� "y,l .. I r .Y`t P'1 j.•., ?,yy�y ., �Mtr t ' r t, r - t`. yr • l t•� .1 % ` ' r 1 �j q•i i'ir ! .�{j�l+. , 1'•�;+�7FY+�'t. ;,`''," f (. .'. r. `•'y r 9e= +_ is 01i1;1;5TATE OF CAIIFOR11 RONALD REAOAG u r f •t't•ij##fir ��aa':,' •f.!. EMPLOYEES' PUBLIC EiVlP �tC71ZE1NEi�T EFT, p.0. BOX 1933 IFACRAMiNTO, CALIFOR141A 93909 'y� i '+'�i' rt +ta r r:/+ ` , �y ... �•+ ��� i +',,`/, r +'• .�. STANLEY9. FOWLER,P:yJd.nf 1� i.',!++�. 7!,,•{,;��d6,, ' OTTO PALOIABO. l•7c. Pruld,.f 10 ,_ r tl . + • f ! j` W. 'AMPS DAW /. , / �r f ✓ / \ t I+: a, . r+f �'+ _'' "t 'J / RAATLETT T. GRi it RORERT AEY L`r i.^l •r`I j�,r'J+ j R. tIEAdLEY �i' fG+ f .�/j�"n �' .'.; f • ';;` T�i) ,.•},r" A. �1. „"tee•, H!S10P ''� �i I/' r /�' . f a., r�24;.f. • r: A;, . ry' 1 r,( ft{ �i: +.l'r• r: WILLIAM j. MAAS y Ctjn. a ,thy J.. ; , .t�.i VERNe"OGst :�•' `f+, r'. 1t +'' JAMESA.TA'fLGR October 26, , 1970 ti f 1 NEVILLE W. Tt'RNER. U. •'rr ' -' J03EF11 L. V.'YArr, JR. / r /'dF'• .,`� ! '+h �rl•'t; :'e !+ J,yI' Vol , r'� i+f,' r, .'.+ t/ r•,, •+ r t �` r' l f 1.r ),rt!' t ,.. •{: ill 7 Mr. Fdv&rd 11. Thompson, Pcrponrel Officer Ca ." `r,+;., V!,'�;': City --f Hi ntin ten Beach'' r, ! r. ,`:�: r:; ; t,'`''wf; '• ;� 1'. 0, Box 190 rl r.r Fitm'tingtoa Reach, California 925h8PI I Dear Mr. Thompson: In your letter of October r 20, 1970 you had eal:ed for further Information regarding rex'tain 19fO legislation which is effective Itovember 23 1 0 ►;" unlea 97 , s otil�:xi>;c. stated. ,•,'•�►' J .'�'''�,a,.r, ;.�� ,,`. 1 The follclring expoalds on infomation I+r'�';'•, ; 1; r' ,�,;�� �'r. 'n�,�" ' ` ,'• ':J! � provided in our nertiorFvidlw.^'1 of �eptenl-,L • 3U, 19't0: Chapter 136.1 AD j1118 ,,�`,�",,: �%• +`r'�','�'•t.S��,���4�� ha tQr 1 6_ `�'': '�r.' ,,7.t•. E�>;�';�;,1 '�� C p 3 1 prorldes for indlJetrirll disability "retirement for local miacell.nneoua "f�shl�i�1"• ,.r � :i members. Each contracting Elp;cncy Koala have 1'• ,' ,+ ,,. , this option desire c-;�; 7:: •!'.{ if they it after the effective date of the Law, Up to thin tir,!e miscellaneoutl members have peneral.];l been covered t ;1. "P. st i a] V t.nder t f fads.. r_ 1, the rcgullir provisions o. the Labor Colic '',_ t�Jrough the State Compensation InslLrance Fund e r b 11 •(n '/' l' �: +r. r Only safety 1>'er, cro of the S stele(policemen,y L '•; y fi:+emen, county pence officers etc.' I �'x•=• '! ;.,.' �' ': f,'/. r ;:,• .,, bad the 5 m's trio ' yet"- indull 1 disability benefit in addition to the � '•{i :"�', r' Labor Code Provisions. The System induetriel disability br!r_cf{i; r' '+ ;i'1 ''` •j is 1/2 al compensation for li r i he e!a�.],�yee is no do P, o ant ]. t • '•. , , r • ger incanacitnted. � lea 7� ��y:r5+ (i ' t I , �' t,,', t , '_� �•+,'•' ,fit. 1,`.1 y R�l, �'!'; w ( Chapter lhh•i AB 3.153 ' In certain a �� t•` ;'� •�'��'.'��� hr .• ;, ituationa at- :ently both State and public agency employers wers separating e7Aployees who were Systems �' �f li. ', 'l1+i.X..)'.�.+: ':t• '':f _ disability m mb: x•s for ; ,• 'rp' , t, a . } fifty prior to any action cn disability retirement. The t'''} • . ;,!'r, .,1� Legislature h11:� now provided that 1m] !nn a member is iaeli blc f,;1 "' .';,''y '+• : � ,� � �•� � r ni.vev his � � /�f#. `� � • ` r'' '' for o w right to disability retirement tbc! errrp?oyer is ,� °(•ivi. prchibi ted frcm aeparation of suU. member foi disability. If the employer ileliev>s r~ at the basis of fact that en emplo',fce is •; ,' ',., +', :'rt'+ ,'' "•� disabled, the eL-ployer should, file rn application for disability 1;; !•' '�,` '�(' 'rl;'r for such member with the Gyatem. On nedical examination, review, and approval of the disability retirement, Laid notice by the System? t+xr cube th..r:r, •, ,� y,>;� r` ? �; ,;,• -.� the r r would to l�ePr�'uted from employment. 't,fy¢,,'e''':;�,5,. (pr: + .,. .:f�1t :, .f,�.•y ihy • ,I.. • r,lrc � t tit' ,�,.;fq`: �', t l„ F� �';"f'r't !��lrr+!'r`:; ,r j •'( ,�I�°� ''',�'' �'�3::1f.1!, ,.•.r: ,��,t�,a¢�y�� :�'!'rj,"•�� '�Y, �i�, rr.1..y. ''�,t a s1:.r,rr..«.,.._..._.-_...........................�..•....,.•,�., :,"'` �,':• r '' ��i��r'I �.•T`^: "�I¢IiX �� r, 4.i'.f�' .�[X.w'•) !t 'tr.t.r......f/n+rlr+ry:�.•..;,....t�..... .J, •-+�.R.+ ,1. '+ 1'Y� rRy tJ •f ,. I • �{t'r • C . , - ' i— . h,. T i.1 wr ! �. :�+� ' '(f. rib •� • }te/;•T'}+ri7 s»•�-.»..-...y7)o.,�1.•,,,..r,�.� r,r,, t 1, � �� { ,'•Tt�,. r � � +. ,,l. � , '' I i .1 '''ppp,, ?•q11 „r.4•i. ,l i`r .. I i / ' i .' , �{(re` �.'�'•jy 1, "•'-!�t.�', 1+", ' LFX c '� !, _''Y�,7,). ijt. hj Cl f. , f �^ i, , )'F° �' V `}•ta�'�1'ly{ , l i •"irLit}�•i''',t .i';�1.! ` ill .4•, 1'�ti ,.t` t` t',1� , 1;,. ,'• .J, '',';j�`1+,y 1. +'4ir,.rr�},'{, �. ., r i{�,�,•",'fthf�'1���(��`�y 'f '(7 1., t, r�•L+•yr.�,y+„`,/;�/{ ( _.+ 7. ,( , - •\•r, a +`'• , t.',+, 't',I�', '!+ rf't ,+ , (1�1, 'Ay ,.7, �!`. rJ'", �•F + AI .1,)'j• .i,( 1 r , ,. I .. .y S •" t L f {`+ 'i.lt � y�(` MM''r, l , + .c 1'�•J,',yy� Al r ,,'+�9�Yr�,p ��l,',�jY�i„ .'t t,, 1. }• ' ' jr :,;.�i.+t,..r; ,,9* '.I.'.1 rt1�''1,�.il d; ;1ji, � 1' 1`y, yh"t'��4•'1 ,„,i ;'+i� �'«�.lr+tit r.` %W rpp ��•y rd+ i �.�r ,.1. ,+,'-! ' 1�1 �L:. ,�r4��q'r ,o-c�, .Z,'! ,.'4�,'IT�), p� �r. - 5.'.•.i' l .= T`,; +tY kr' , ,7 `I ,+ 1 _ +' It r •!I•f.i+;,+j�,r yin" en,. .,t! II+'.fn' }'.+„ �•, �lt, 7. I ' /!. ' •,•.• = y. '�,• '�?�� +"r(jl, i3'. ,P" att ( ,)'P?• r'1 r'I{; ' rj( ' � l ( + ti ;,.'" t t ! 1 + + •r • .l='1 '�" . •!�', it 11 �1YI7 `4.rr,, r/q M1 +, ���}x(�,i d�Ar� ,Y!•` + 'YI +, �� , ( e. r,'i�ll Y!'!•'+ir} ,. '�'r'�t.: #i`. I •+•'.y I ��;�+r. viF / }v'{AI' ,r / 't,j , f (y. .y,+kr.l i y (4) r�f)•Jry/1 s'`�t'� y, yo- >U'' +Qr� r, f' r,4r o-' ,` '1' i ('. � .. •+ , � � 1; 7j,�l�t1i `oar 4,I,�Y.A 1�,M },' •�A+Ir .5' (f., rr'1' �• 7 f. ,3 �1, ( qJ, �7� A/ +'(' :(tr ,y ,.•�"'q f I. � t.t+�, ,. .Ir'�r , ' •tt '. ♦ � ,'• r ,r - '",�1 r 'G •.„ , (1+` r+6., 5,7 {'�t.a�ai '' .- K'�.ir ,t! lira. .. '.r:;' _ 1 1{. 1',(I• t .i f +.���`r4lrr �f r ,,' �,, F+i •',r l��('}, �•1 V 't ,t t ar {�7.,. r }':1,'/'�'' f ryi'�t VY '1 �� a ' ,•t sir, ' 'il' t I .r'- � .r f � r r ;. r, ', ,r . , Tt t F' t f t .f1 , ' 7 'f •�'',r �.f 1�+ A 111� c''� f il, `'I :1. r7 it 'i rf ,t ''�. , .''•'} � .. r.r �'./j r /' t S 7 irl i', tri. a.' i•J. ,.yi , } + i'•f�,' :' i �. r, tf rl_ +, :�• ,'• `hr-r r �r f .' �t� i�liEt 4 tS Lit .ti < i 1.. , ' ( ,'}:. •:j f � rij" rr / ! `�, r f ttl '� t. +{,1j•.EJY'J y , r ,1, :>.�.�,.�,r f ,- •1,. ;+ ,. i - •,t tt 'at�;f.�, t. `;rrhlr l•'1 '�,' .1� !.�\S' .,I ' , '!. 'tt , J �,i� ..'� ,} r �Y .r t�`, t,i l'+ ,• 1 �, it ♦�: Y i , j �7 Y±r} , 'r! ,,,�, r '^ t , ' 1 , -. , f i + t t •S• . ,t' gLlit rt t .re 1'''�. m..l,' ••,1'hL/f}Sl!`J1C.L4i L.l..:tyj!„t�,llJ.l:::.r .i 1C.�. .1)J.li'.;,•: .ak t, �'• - Mr. Edward If. Thorir:non -2•- Actuber 26, 197n CH 3rJ7 ... SH r 3r? Thia was an urgency measure effective and operative on J1 y 6, 1970, and p:.-ovides .for netting asside the conpLl.sory retire•tt*n : age of 60 ' under the "210 at nee SJ" formula at the apt' or. or the contracting i',, l�r ; i•' r f�+ agency. The Law ecrrtempla.es aone^tiiCC nctwon by ;ho e.tployer relrttsd to members whowere in err?:lcyment on the e, i'e. t,ive date of t + J f ,• naicnd�L'Ilt of tti:w forltiul a and where h neirb he a t,r the er d t' lil�c.d r;?-e b0 r. ' and is credited with less thart 20 years or se vi id safety member. for wha will attain at p 60 within 5 year.,; aft,,, -- contract nmenlijre::f and before completion of 20 y6ra:'r Once exercised by Vie employer the agency cannot therr.a ter compel retirement prior to the tirie specified; i:oweve; , a rienibe.r mcl`v ' r;,: „ , ,;,.:cu'• himaelf apply for earlier retirement. Mrtzidritory re tircoent after the public' agency ae :ion would b.:the s t., ..1 }6�f ' first of the north following the earlier dates t C . Vunberls 65th birthdgv + !b 2. CWT etion of 20 years of srivien as u local safety � l� member 3. Ex0ration of 5 years Ater effective date of cortract c rendrze:nt to "2?• at sage 50" fo;-nula. CH V407 ,n 1261 +� 1,.J.f,;; ia• ;'. Under provinicns of. Lau before the 1970 amendment all local safet} members were required to be under one E arvice retiretrtc.,t i'or.l U).ri- �•';;' �;{ t ' his amendment permits separation of nafety memberr, for p:uposer. t�,} `• : ; a of the 2,t a.: age 50 ; erm:ila, that , .f 6 n v e' 1G is if sel'x" and fringe t1Cnc:i'it;'r•,,'' ti,j !a� negotietions develop that policemen in the city granted the 3 at t.,' f' f'•i' ..,�� 4,'►' r, �:�` �; ' t ag'e 50 formt.J.n an.) the firemen did not, then the policemen co•.O-d be separately contracted under the formula. The City has the option, -therefore, under 1970 amcndrant to con Lruct f' , '• % ? u for local. p71ic_men or local firenen or lifegunrds, separately, wider the 2% at age 50 formula. t, t •� ,r:.,; �✓; ''•,''tit. ' CH 767 .... SB 685 tJ' ,rt '�� •"t t r. ., �` � r.tit •,..."F • { Ati �ti4 + , ', �; t. 7 1' •�.:t �'J' :'•'• r `r+'�t' Under 1970 amendment the Ci ty May contract iit'o,' the 1/50th at agek1`1 ' .� !� • 60 formula (2z at ago 60) for Iocal miscel.l tneous r:embe!-s. This is the highest level miscellaneous member formula now tirorided forby Lau in the ;;y3fie„ and at ':his time is only availr.�'e' to public aB Y ,although :he Heard of hdministration, at 'its 0cto- enc me -nu. , i ber, 1970, Board Yeeti 3� $ � � Y `;� ' n, has one on r cord S�eco:'macnrlin,c the �,, ,.',i' . ;� ,,' 'i +�i r sir• 7 ' formla for. Stete ;nisce llaneoun members, through 1971 leri.alation. ' 1 `',i..,l'�(�„ry,�„� � •%'tf rr.' ,��'� t,•.t , r'., ,Y'11'• �tr ; '''Ywlti,' :A'. '• �,�-'.7��ATyi�.Ra.'�:'�'�'�'.r,«.... .... .. .. ....', .� .._..,.� .. ♦ • ..........�.,. .....rr.. ......,...... «. ...r.+„ ...... .... ... _. , ._.. �� ..., ....... —,4 .,y.,„� � •t�•+'•�. ,'lf�+r'f•(. �t �7���'{-i,V .. ., � � r r T•; �.�',l •r I , •' �•�� i ': , ' .....« r `'«-a ,'�:7 � 3 '(/ �; t:l'., !f • `+` r(} �� /�"i,l �,' �. 'i. err J ', �• {'S • . 11 , , , �,� t .. �.,t ,';�,s�� F,Y+, .. •' �tf�'+l ',. ,.1t '-Ffy wf.•«,,,j•f 1' % ,i - ( ,, ' ,VI ` '.t '.,� "Y ji','l,t,�(' a 1/ ++'} 'a. �,� t 4Pub'.',•1'lt y 'f ! •+ t i' +. 1 '. , J 1�r •;; .�� �t'lfY�tt!' Y/�'. t5'�.r'l !1 t'- .+•i _ _ r, _ .. ,1 � ''t 7 ' •i Jr r iiR �'i°�r �t'� ,y7y�•4�'; 'Wi.,r't� `.;irl'r.7 '�•r ,� 1 li��,. :j. ,.', 1' ,, ., .�. ,• t C� t ' ',�`lP�+�ll,�'�.�,'yIi ,r qt ,ref tiff*,�,•,'�Y ,r kl,`�i.,, , ,+ ' r '.{, ��. t '1 'rr, �Y'.tt;,a�.'1rl}1 ,�'.iS'r t 1! ri� "7!•�{�jL 1. iji d,.�t,� r �• 1,` � , f -i y i1 ,''f�,•� 4 �aN,�'�',��t' I •' ,ii�t'.�_ ,a:!'..'i,", 7' ,1't ' •!' ' ,'/ c ' �•, lr7i ("�'r �' , �,� 77 t4C "d 1 ..�"t�1•�• 't ° .i, ,i �, ,, r,.1 ,; r: t! ,, YLL •t,.t„� �!+�'�;•"'�. it ,!S �,''it r'!'�f 4'+i t ;; r•} I 1 � 1 , ,� r '1 1 5 tT�r' !'� '�� i � ' '! A, a ,��l im tM ;d. T '1 •, t 1 .! ' r .', ',J{�rlp- Id,1`".'4M1'', J4!<'''" ,� t , ., �{,Y.• a',y,'�1'' l ' ' ,,i' '.!)C7,•,,��^C`TIr�1ri'�jiY:� �'�,.,ii. '�i7 t,°,l';Ify, ,'�ti't ,•,i� ,' � ',,. - . "'''iii.(�,>R } (. .A-v%a1 M'M I 'j. Y.0 ) 41 0 A I . I 411(jY R 5 uul .I,•,,v4,:1;A III - 77i; *Atli, AVAM&PO T.'1VdA-;,a T lb It j" Nt . Iq' Mr. Edtfard H. Thompoon -3- October 26, 1970 (V T A)sit cil i5o 67 This was nlao cui urgency neaBuz-. effective June 1, 1970, curd permits a public agency to contract for the It half continiumee" provisions for its miscel1ineous izenbcrs. The "one hillf continu- ance" benefit to the surviving spouse Is solely paid for by the employer and permits the retiring menber to select the unmodified p allowance In lieu of selecting a lower allowance in the form of a life optwicn for the spouse. Previously a public agency cou-Id contract for this benefit only for Its safety members. Al 6t Pq, If contract4d for, nducellaneoun members who retired for service , f it Usabiltty or industrial d1sability would have the 'IiIenefit. 03 719 A3 ' 2080 All serety members in a city, policemen and firemen memtera. Previou3b, hud -.o be covered under the one-half cov'Llnuance rro- vInionc -wher, that waa contracted for. I. Alp 4 This amerdment. permits aeparate coverage of policemen, or fitemen., mder the beri?.fit. Cif 7214 GB L-40 A, ),i 7111j. State In 1961t rrovid3d for a sli,rics of health benef it plan:x ould and the Lt%gis2ature later amended no that public agencies c cOnt-act ec', such pl-mB. The 1970 amendment you inqtzlred about permits/ the: contractinr public agency to sit its employer nhare of the proLAum at r)n amotait higher than the portion paid by the -,oiint re-quircil to be prid !PZ tile State, nit not less than the nz State. The amotwitn of the employer contribution towardi, the premium rn- -ate were net in Chapter 222 (AB 356) ciptrintive quired cf the St 1, 1970, s:a follnwn: $10.00 per month In Fiscal Year 1970-7I $12.00 per rionth in Fiscal- Year 1971-72 $J.4.00 per wontb in Fiscal Year 19'12-'13 4'16.00 1),-r n.=Lh J n FJ a -al Year 197 Yours t,ruly, iL N. ij EDWAR D AESSISTAM, EXECITPIVL oFF1 ,IF, R :EKC:,sf' !V, 'nttlostu-e September 31), 1970 Memo :F � �'Jo �' � �� � :.i �t• , , � � �� � : lei . ....... .. flP ew `I'M kP. (F—, V 5 V 1VI... ,,I , F1,111 A .1 WIWI -W1 4 .., -_-- —. ._+....+.w..rw.rn,w..��A1.1is�R•aAYf.�1�lC �ICUAW -i•!il''i Pr .�•� 1 (,PI •YID/� �J. 1r., ,,,� ' ,'• _J,J ,f .Ir f �• `) /('; rf 1.7�Iy� r I ?1J 1 'J, I r , � J. J •'�!' r .,l+jlrf 1r, ,. 1 J •°' r r,' �/. .I. 'fr !' J+ ,d r �{f iF ,. �; �'ril fr 1!%. -r. ",r ,'cf' ' ' ' ., ! Ir +r• s, I.1'll i�'i •` t! ;,`' Jirlr,(. , r'h Y'1 �, ° .. 11 , ' , � '' S , J r l .,,� , , .� 1, � - '' �If,,5�•••r' ',Y,I "jj�ti,�p,:'.f ' •f r�' f r J' i�:..•J - r, t'('Y ' ,� r ' J� j� Jf �j f. 1�,!•Tr!�1 IrX'`,i •X !'I•.Y {�+•rk/'"1'1'�r ,y `ir 'y,' .,r f r .. r l' r r { i'! r(• r,r 1"rhrf�''iYf?i�r �!!!(�Jl: yf,1{' iP,pr ri,v�r '1' `t'f', 11i "..1 •� I/�I,�,j� .`�i� f' ! ., , rr J• , f �Il:'.' rel'ti'+'M. + 'YY'y�•%d!,�q,};i 5i' :SJ f 4. �i r, � ; �' f ° , .. , � ' , i r I, fr ii rY ,. � �. ,t rrsr, vsl' ,,{.%• y f, p�f � r,,: I I t '• I J,+ � , •{•d lP� / I Ck'.I'!f r.�J,��'�i l,: f, q� �, .J+��f�y�+%'r<#[.��rl ,•. if;+, -,r ' ;i.' ( r` "J. ,% ,1 ' ,'aJJ:° ,iH.r rr''.'.�pnf'�, 'f��rtir(,d'L'1.1 ,''+,�1' �! ' )f �, �`�+1 J�lr7;J;,;;!'F. rr r , is t r � j r . 1 !. 1: •. . , y , f . . � .r. r. J "k i;� r ? j',','3,�')�'1 j �', Y r '!ra ''ter+'"r '1 �,+?•f?�:<„YJr' '•, •' /'',.r ' f `�• ,'J' �� (!'/,r,;,("iF�,`�y'�"�:'`':,�y'•t���(r�'k#��r�' R. 1 1 r�•' , � '� 1/J i r , , . .. '. , � y,i 1;• U .�y �r rt,! '1� J fc 1, f+t}y :� �} r. ) S rf S+jY,i. • l,. J {' I• 'r� y d r .,r yy , 1+(Y. Ai rrl { t:y'. , J' y r' , r'r. i 'fi r f y•'r rr S fr .�f `l f rr- ,°Y�� r � J� • J ti ',..�,1(;�`, y ! r �''4 •;:a•Iy Yt� �?�,{4, ,1 (i .w,r..'/', ,%j' ,��pi� r.e ••:1;.,( tl�''';��r'0,��rI w �, f , [• I?t t.ti f r 'I. .'!,!'i• �. � . � ,. r ', r ) t �f S•rf�t++•%,Y'W ` 'i`t . :,:,"Js~,rj +� ' rll ej i S.e� ' { �ll �, �+' f��Jl. h,' ,� .,.� , , � , J _ i .� ., �1••I' 't: �. ,3 1r ��j, .'.'� y� '! 1• �t t4''•r i'� TJ /a';'J. f !'!`'��1' ��u'I �t �j`'+••5, v: - r ., .1 1' fy. f!r ,�t ',4�,•;,l '� t�'? ?.) ',..•yN{ .,'�ti�'f�.IF:-d�i:'itti�a,��t,Y�t.7.Lr1✓;/;'i•1 !.M• T, 'iJy' ,(,..i ..,f� �.• i�;,. '!„ �'r .�{{R•.{.:?.'',k: "r ti. fn!. ll':,' ,j •li' '1�5" �;.Y. p •�, w. ir'fv'I' �J4. 1�",y� 1r !"n �''�' X+ �'tirt'i'�'(;, •!. X_l •,...5. Lri.t:7:'1ti..!i 1'w t�..Y r. r' r. JrI Syr y� ,� i < r Xi irr,. �•'d •{I!''^';� � , 1!J i':i;4:�.i:F'1+1"'...�.r;._:!a.:. 4, �''�?��IL'.��''�..�t.i�.P'a. .. ',;• }�,', E ,�,, :t ., ir•^� VJ ;�y t 1 '''�(;' 4r . i. xi'i,....r. 4J y r, 1 fit' �5A , c.r,1�r ci ',� ,�4Y,t" ���,,. ,•, ..fiiii � . r6r 5;d' .1 •' + � }''�.;. i,` �,(-,f'',i r i•Y 4 i r f<<}rt'Y,'•.!'i �� " .,,; STATE OF CAUFORNIA.-WAIL INIS r. 1 r ' ' ifkTlf?H BONA "� C1 Api,l 1A REAGAN, GoJ�mor }' f U91.tCY E1aF�1 QE �' ES RETIREMEN 7 SYSTEM 1416 NINTH STREET, P.O. BOX 1933 y'r,r-J' 'i5 .�:f"��!�� ..! $fi'' •� SACRAMENT,), CWFOANIA 95309 1��'r'd •'i! +i}�� r•,�'• �Lly•r•'t�'r, D;,.d Your AIply ra se'lic'n— Ir{+i$SP't • i{' 'i:� f i, I te/rr to M"14t /rtot•nl r`<�i�fl; .rl', .` � II ---r'-'-•. `''�/' r al'.fjj f•rr, ;j•.1i� .I t•i. .: iJ'>` i! f.• ' .I r r. ;! '.;I, .i•$.Sl,.t•.,t ' it �• y, . ';!:FJ Y r ( I September 0 1970 , , . , 1 .r rI+'Sr'a '%r';.f , r•, 3 ) 71 its' t�i,,tf.J TO: ALL STATE DEPARTMQITS AM AGEyXIkS f,; 'r,�ti�,'. ':'�!•'%°'�; 1r DISTN.ICT AGRICUiJr�U� A� }} A L+ CU R Tt' VS t �r VfWi1.1 AS SC•CIA 7'IOIvS ���!''�., i .h.;1:1�,��,tt(r't•�I Sri', PUBLIC AGENCIM C IFi'RAC?'.II;1G F'OR RUI'Tr`cElM. IT COVIRl,GE , � •.y, 't'"��' ;, 'j !t •t , 1. �, `i,'.. •I,`�fr}'.;, ,�fyr r/. �'.,.-t�S,.!;r. . 1, ' ,�J, !.� .�'.r,1• ;. . 1.r,, .''�� Y�l, l�,�))'1,'� � Jl�iV '':�'.431ry,'ilj,ryf'��. ''� ."fl;,7!•G('Fi�' !/y!�id•pt�,II i I REWI 1tMIRRS 'N'jf,;;'1 faJiY"E 0❑UABtnA1I/{U OTHER ZTwRENTED ,,�'r�r •,;r!Y', f} FARTTE3 � � .�i� '��°!, �1,.�%y��• �� 1• �r •il, .'f' ,'y 'J!. ', �''.(J'rl ,/I. y�i: it SUb LWLSiJiTION E31ACTED AT THE 1 0 , 1�. ',',{' "'. '. '• 97 RDGUL.AI? S�5i0I1 Attached �ir� a eulrmflxy e�tat�ment of legislEstian, nnscrect at ti:** �� " ''•:f ;.•. . r 1970 Recgu —ar .Jcc3ion of the 0 eC �' ej; Z, a IIeS'ialature, which relates IO tTaC� Public EMPl Y a R i em..nt Sys t ti y era (P.E.?t.S. ), the b eyPrs-Geddes State Medical ital ' • f I ;,' �;:' ''r 0�1�yJea' ! is 1. and Harry Care Act (Meyerc�..:�ti�drie,�) and the �:"�,J;'�? •:4t �;';�����',�rY.''.,. � Sluwivo.s and Dteabi.lif ' ,* Old-, ,y Insurance enabling lai33i;tian .+ f (,: cOciel Security). Unleso otherwise indicated, a1.I 1� ] ' iou j �, n , t 4 �'' ,: _g-IB .B ffecti ere t } operative IJovem',�er 23, 1970• and �:�.;:,, r+� .{• i ,,'`,., ?'�,,���L t1 •'f 1 v' off }• •', ) -J �, �� �: (J !i«.r `jr, .}'S,,r,l; }{� � ' ��I,r ��)�"�i ; , `^ 1 !'v �lj �y1A� ��''" � •' r:�f'�' ,� `1 ,! tti:,l'..�r; IVY,,' {; r W11ZJAM E. PAYTIE, LXDr;Urj.,%rz.�, 0"rICyli If '� ,� 1. , C� f�+I 7•�4,,,I/fi;.t. ,; .'. r'. .:I;J., , Ji��r* vj: � n rJ•' I.. 1' ,.,�:,. t;..�r,.::Ij r,R' .r'I�,It' 'l' I ;, ,,r .'fir; ., � `(. ���r••r ''�•'' ff//t�ir•, ,'lIL7�•, •'i:' rye,' +.'fY' i)• r. � L { '�;{4,1 a•�, ,'�,��`'�,r• .F ti,•t. rtr'' C,{• 1r •'1 `.. ,it �;' •;}' 1"�'r 3fr,Y'"'i fr i{'J II,S Yl. 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I >r "j�`•.'r �. ,, I`)' ! 1 �t .',1, i��? +, )}ti'r,11 i ,�,; {S,, ' I PUBLIC ;' 4PLOYUS I RETIREMIT SYS M-1 . , ,., S UMARY OF 1970 ktENDMEN'' 'S Rr`Z'ZRTI+1FIiT St=Ti G-.,ne1 al Uministratiou and InveAtment 1. �'rtavicles praceduxe for and cf F ct of terrai aa-lion of a contracting agency' c ','� y' y'. (; , 4 (), .ontra,^,t where agency elects �:o ;:a; ticip<te in county retirement rV. 3tCM- �%;.,, . r; Ir n .1 � t• rnr'„')�,' A''{ {�, ��,'i tr'�tr,:•! • ,' br;r ' ' , c. Authorizes adminia tra tive and inter a 3t charge for late reporting by a •� contracting egency. (Ch. 434 AD 60) r'•�;r.r'i,'r,t<?''r'� ,,T 11, • ';it:`, r•' y 3. Permits hoard an membpr's applicati.on, 'to not adjust part =darpaymmt in rember contributions, if member has not provided mf ginforma ,ion and hs d no knowledge of error. W1. 104, - 3D 344) J 4- Autborizea $card of /;utriniet:ation t;: enter into xeci rocit, agreemn ; 1 t re...rem_n 6 at ns Ch. 631 - SD 666) ' 1 • �' with public agprrxe�: m� in .aining * ' p t y � � ., l 1 ••1, rr / ty)°� r i ]': S. Changes Qove:•nina body voting requirement, for approvcsw of ra coati -act with ,It )+,`' r i ! , ;'!, ! yj a Iubli.c agenc;r htxvi.ng a lot:al system from two thixda to a �raa1ority of It:t; mAmbc-i u. (Ca. 1151, — AE 178)Y.,i ' ! . sr. mFiintaining government Code including corrective amendmIe tt''n to Public 'a'. Y. �a. loyee'' Retirninent r.,aw and Legi alatore l Retirement Lew. (Ch. - 0 rh r `r+�' . -,,. r'1 •r �'J ,,; ,r �,_ ! a ,," '1� Provides that loano secured by real property held by a savl.nga and loan ':r''t '•,�';:;'' •' f' �;r,. , I , ' essonietion are legal investrent for a penvion f:m:i and ram.j be purcttu.-od I' ;:T'' directly frogi the association. (Ch. 921 - AB 1302) 1. Includes CUStClial anti -pa_ r e nle personl in Departments of Corrections and ' : r Ycu�rli Authority irt. law eni��rcetuent u,:m�nr category with "i � at a� iS" ,t;;t;'': •1.•r`�'1,;�•`t.,� foxnul.a and 7�� r,_,,11 ' r,ontri.Uution rate. (Ch. 1600 - Aid 245, opera+.i.vo '�/�,/7.�) 2. I'xovides a "^c;]o at. age 55" service retirement alloirance foranx1a and uniform 74, raember ccrtribution rate for forestry n'^_ribers. (Ch. 131 - A3 3U3, ? i ff'f+;lctivr. 51121/70; Operative 0/l/70) r ' 1• SS'' 3. Peraous 0lo are mcnbers of State Vixheral Retirement System whc enter employ - rent of an educational nature in the Office of the Chancellor of the Cnl••iforyaifa .•�" `' ' Co=, n ity Colleges are coatinu4d in memberenip in the Teschor,�' System unlean t ze~y elect to be excluded, in vbich event they ticuc;ne ml:mbera of the i'wlic ]'! r Ebployeaa' Retirement System. 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S ,',S' •.f fl:'r 'j, r111 f rJl�r�! r iv {' 'r ' , ' U t , r �' Il, •r,(, )� '( Er ' Rr0 +; #. ;;rQ1'r��,t�ty J '� •'/1+, '1r �. +�, fi .}`j , tr:,Y ,V .' ',�,?�•i,,' s�pp�y !r'rl 1giSf M'�%%j'J� A�_ ,yrf''' ' re i i ry'JJ(�'I�h `,i �' .(•' 1�'•z"'4vi Iris'7�Mi !rr"'r' !, .1��J { ,ri r'ra •iP` ,+r 'h. �f , , ,.'y� , - ,t _ - r' V1�t i., t' " _{ �,� ,�+, 1 I •�� "�1 � � �{ ,'•5 `, qr I, . ��i�"�.Nr,M+I ,` 1 C r I • 1 ' ' ( ' ( ' I /" • Jf'''(' �,(I �' + r, '( •1. •r 1, nr. J.r .wi• pt 1 r :(•�1 �y�f + '/� f'4111'f'+i,4 't•,nSVF r et(t:a3'''4 ', ' ;iri f t �� r r .`I. '•}(' ri ,�'+. `1?4iyr. r,.ix,a', A4a:•F Y«,i . �t 1 �' 1,' .`, i:: T ► 1 r. t(; .. I `a5 ,�'fr i t i rll�'iJrl ?� g 1 1:.,.T;.�..C'sliG.a..vxf;t'�:irtii.Jtx4.sf.,:J,1:.iS 4iJ�e.t;.lt6'.•u4.+lA.r.r.N^r•...r.t.�..-..,r.....u.�. K_....wa veuarmrw.r:w..cJ•ww s�.r+.re,r•ntw..rtv.tani:•lnrif::u'.: nr ::a7A1:aa'+ary.rdlC4+r%}'JrF, i 'r ,'r�7 j�Yv • .al'�, 1�1'y' /', •�i •'r, S' :r''•' ,, .�7rJlt"•+, Ij"' t,',%iS•f4r��'{y;l i,�' ' ',• :.St � ';i.t1,;��W��:�;?T ��r '.�,;��\,' ui Is Aq l:embershiR, Continued is i 4. in add'tion to other unrelated Phan es in State 'irccchere' Retirement law Ir. ' 1 •�•�: � B j •` i provides eligibility to membership , , • �'✓ .-)ri� .;� •'"��• rahi of ach 1 � •' P �• Y p oo nxr.ses erp3.aycid for less t<tan •a,. •,, full tim+t but at )_east 50% of u pay pariod. Applies to nurses entering t•t ; t ' I "I;`i ,;y,'�; j employmeat after the effective date of the bill". Nurs.ing service already credited in Public .Sragloyees' Retirement System way not be credited in �,\. s leachers' System. (Ch. 466 - AB 1222, Effective '(/17/70)• •' ' �'� ' ` '�'.` ; ls rt' 8rvio Credit_ , ,r; : ( j ,7., s:•. ;�;•,� , ' ; t, ' J'ti� t'• 1. Mikes Urovis on for aut l@ '+ it ' � ' F}' `•r �""'/ i `�! r `t it met p service c f; . n 'o prior r'�cii for Zaca]. tt►..wbrrei , (; •,:',�. ,,�_ 7 ,{., .' � ��i t uniform with State V,_,mbers. (Ch. 457 - AB 527, Operative 12/l/7u) 2. B,;rwlts contribution and credit for "uvr relocation " • tf n leave far a atai�. or ,, r r �•' `�• •� t % memreY who rrs 1 i� d^ r1,I lc+ec�l return-d to System -covered .emscovered employment prior to July 1, 1g47. (Ch. 1059 - :i8 583) 1�"i+1 L: S: rAy�,`{,. '','!•�' .� J,'1 '� r;f,'�'••i,; fr:`•�, i•f.; , �.''^`d'�i;'1,�',! '+�'`':'i'� '�; i:,rr)• ,'"i i�' �py,�Y+�s, •�:.};��i�,}4''�ia•�,A�J '. Retirement c,a ;B,'. ,;}�lf:�'rre};•' 'i [� r �i ' •., •,r r, r ,1. ` ...+�w.r � i �4'Z�a*,'r;;; F;r!1 rat. ijaq,.•+•. �t 'c, Ar 1. d or industrial dinabilit ► I+' , Provi es f it d � "r' '�, r•A::�.� < .. S retirement for loca.. m.scellaneuun P employing contrac:tir a enr. '' -11411 ;' • .r �' •i, ,•• � members at '-hE option of the empi � !� y. .� ,> r' , . tY � R• • S` 2. Prohibftc i3eparation of a rr m:ier i'or disability and requiraFf in,';tiracl �;'<' �' c►`" ��{:': o er's 3 licatian f r d E i 5 (c< empl y pp o i efb lity retirement ui�l.ess the membe. ie r° �' • , ineligible r'or, or usl,ves right to, r:,lsabilit rctir *- r;t + .. 3? t Y ems . (Ch. 144( A�3115 ( 14�iz(?Atory retire -neat rise under "2 , at age 50" formula ectabli.ahed an age 65, F:nr'lier completion of 20 yearo after age 60, for cextalii local m= ers hnving less than 20 yeava of service rd.eu saenc:y adopts the fortrula. Applies �'A;t •; fJ�; oal r tit option of agency %,nd for five years after adoption. (Ch. 3a'(� gD 7b), 1 y{ Ei'Cecti•:n 7/6.170) r ` Ratirer",ent Al? ar,�cec TodiLiec: provision cox• r f i adjustment of al ' •' ' c 1st -a -living � lcx�xnces by ch�gi�xg `,,, ' • i � `' � r' ci bast' yea:1- from second year following death or retire ant, t o year of death or ret•ix emellt and by irer�,Using percentage per year accur+ai%tion for d Pucpascc• of wx3.mua: perni•tted ad.juatment fron 1A{) to (L'h. 64't - AD 3) ' 1 , 2. Pruvideu that $100 minimum guaranteee provision shall be mole: Minir,.v�a ` guarantee provision available for adoption b contract u. Gti. _ y contracting egtnein. � , (� );57 AB 527, CPcr�tive lE �1�70 3. F,`.ztands provision governing calcalat:ton of retirement al loaznce ov retire- ment after reinstatement ne•;a applicable tn mincellaneoua rtrmbera, to all rana .ers. Ch. f+ -!gip C �t'� f: • ,� i , ` 11� r' , A k ,, ;• ; "• '•r'. ' j' .. l• 'V j�.'J1�1iL+. �iti pl �'{'�!(r. % '1 • - • (1� •rr,� . • 1. ' •,'.'tt;++����' IT1r�'' I.. ;' qqT raAy;i. ;le' +;FL�iNr�''•'' .,.,_ —•_ ._ .__ ......,. •r _ ...__.�..�. ,....,.. ... �,,�..'•,'L;,�.,r!t.rf� li' 1 •r.. L..;p?f;(r'A,'�1, , ' •, r ,'. ,, '," ••1 I'• ', .1t ,' r +1 M,. 1:��'i•�w.gr,y-'; (S, R° � r ".. r ',. •{ L {• �f��A,lX y r, . Y '�,•sC.TI+J�) jj-i ,,,a,�+,f „T' ' '. ,:r.. `I ., f' 1Jl'���='Ei}'• "t•A s R�Iy',A1 ��r{� ,P.q( r !q .(.,rf 7 J.,r 1A '' ,, r , 1,, +�•` ,f.t Yp t•' �'., tK•�.�''!!i.'! '' �•''�J td�f ,'Ip' j'tJ' .. rI _ - .'S' y •,' , ..,�}�+: r•Y'• •l °r" •�r 7'.,�� 4, r• ^,: H /:,J • a '1 • Y1 , 13• ij, r. ryMpM,,{, N t�, t , q 4 k'' #��'��t {{ ,q,3i`r ' ,�h t? , ' 1 ' . r. ` • - ' ' - ' ' 1� 7 r .�' f :� '``'�rt; A •1 •'I 431 ''✓♦y;��','}'': 1 ; •, r' , 't , - , i ' '' , dl -.N;' •' + !1, ��)',V 1`�, �,i 't :•+'. i'•`i 'r'' , 1 ,r` 5�r, i. ` .�a {�a, ,�'i f'{ [ ry• I ,ryt 'r.J I' , C 'Y fr ` •., .Irl1 Ir„ '�,'I ��r'�'}��f,l ,t�f ;; r 1t o �� '� ' - ) r i „•Sea y , I.. I , la,rtr rri / • , ir'. ' , , ,! (r, ,.; , ' .. •: •, a f`', r SS ''` ,. +, ••,�L��,tl"f..".Ltlr:.t.trYt:.146:7i."'fi:y,.wr.�urrr.wtr.t'itw+.........�.tl,.xt+os„n .' , �wr,r.n.rrr.o-..,�............nvwrnry siw.;".atyu:•r Retirement Allowances, Continued 4. Provides that "24 at age 50" rt:tirewnt allowance member contribution rate my be extended to either local firemen or lifeguards separately. (Ch. 140r 5. Provides a "41 50th at age 60" l ormula for local m: the System at the option of the employing eontrac' r. ' �• r • Deaa. Benrti-to Provides for payment of certain death benefits to r a member's designation is not in effect at tin:' of , desiguatlorw upon subseque: it marriage, dissoluti.oi warriage or birth or sadop',.i�n of a child. (Ch. T ' 2. Provides one-half continumae allowance for Local ' _.yr at cptior of contracting agency. (Ch. 15:) - sB 6; !. 3, PerAts a contracting agency to extend one-half cc r'.' ;1 , ;r separately to policemen and firemen. (Ch. 719 - 1 60CI1'.L ST�CtJRITY ' 1. Detiues "wnrden z mbers" of the Public Employees' policemen for Social Security coverage purposes at allowance and member contribution rate modilicatic Social. Security coverage. Contingent on Federal ac \: 2. Definition of "policeman" for Social Security purl 1 law enforcement members of the Public Employees' F by the Bureaus of Criminal. Identification and Inve ment and Crimiinall Enforcement of the Department of ' " f Federal ncceptiince. (Ch. 703 - AB19�?�+) tt } MIYMS -GFDDES 1 r 1. Increflses maximum employer contribution to health l''. l} according to schedule increasing $2 per month each ' • ' : �' ;,; Fiscal Yvax 1973-74. Provides for reiubursemerat o };' ' „ ,• in Fiscal Year 1970-71 from State contributions in g''nry Reserve Fund. (Ch. 212 - A.B 356, ',ff•-ctive b 2. Permits us':: of employment in which contribution va ,F3:•, • ►. '• ;: 1 another plan; to meet six, months employment requires - of employer contribution. (Ch. 1177 AB 1616) i r f iw 17 1, r �'k<''i;i''��';' li recall:I.l„!e•711�I.t—•----w...w4ur,ir'✓(�IL} •' ��'I.'� • ,e�' } �L' •• ' i jh�� H4+p"•. � r� IL .muiu and ielated )cal. policemen, ! r AB 1.261) s,Uaneous members of 6 agency. (Ch. 761' - 8B 685) •�••r�,,��; t ! ,��rr� Gllr .ci.Y iead survivors if :atrh uud for voiding ' annulment of AB 1524) icellaneous 1 rembers it; i 4"`•.X`l ,, lectii"e /70) y i; al .. ,'j:� r' •'iCl`,.4 `�'��,,,, ,nuances allcn+anee 'T1 80r` '0, E- / .� festive 8/1 "!0 ,irement SYStIM. 813 4'' {� ;I.iir�p'kr1•;' 'emoves retirement coordinating with ,• )(' tarce. (Ch. 16'26 •• AB ,i.1.;10) � � ): � •''+•'•,•'+';�s.';,,'fir; `t .r s amended x to in..lude rement System ermloyed gation, Narcotic Enforce- atice. Contingent on efit.a plane from $8, scnl. year, to $16 in tare 1"undo for i.ucrenar. ate lEn to eas' Con'tin_ „ ' ' '' • ; s 170, Operative 7/'1i70) s:,i ,n sl,• .T, cde by employer to ,r�! t for cua encc);ient `r' =�' ' A 1, r 'V : t,i'.It, 1 ' ,e I r• ' 1' ', , r S R:, , 1 '!•I .v T_•N _. r..wwr.•r +.. •++..,.va�..•......6Y1/. N,'tl'.R'r`'i Aj q,r.-. _ _ .. ........^r .--_—�._�..�_-�_,��..�w,�r-.�w+.r>.�w.•s�.w+srxwwrarewaw�Q. r,"':ti��'•+•CC,+f'r,, 7C�+.i'rf Y'�'L,,"t,• rt, r ! r /, '., JI;, !" .r,�� '� 1!r;yr f' r :4! �+ii � +1 .3/.. ,. •r i7',,,`i°`,r•:r r!, ,rr,f "A r I' � ^ li^�J/�'���II�4j�P•,.�'�' + r,•f f •r t,! ,: - r ;� ,i•{�iY �r•�i •'•'{ •l�+f; �i':' + r�l •! spry T�Yj 3. Y.rJ �, ',!_ i/'r• f ,. r, - ,'j +, I r ` r .,�: 14 .+,4af,i`,Y• ,•rl. ( S�, � F r •1 If v' •. 1 , , i , M1 , r r te1�J rlti 4l , t �± �r ?' , ass',,', .f, -•i' ,• • 1 f ^,?r % ' f • ;3•; ', .r7 i rr''�� td tl'1/'. ,,1 �.r i lY, .`r i{' , .r , .,ry ..� f !r' .''71•�,�.,Y y.; �! ''�' <r .e ,•'i r ,!� rtia �^.�C'� ; •` 41; r�r,•. ..r j r r r r ,i r • '' J �t, •.Zrry"r�'''r' '•. 7 ��� .r. 't r,'. ,,-r, r,.1;r, •' `1 r'Q•IyZ'' {+rlAwaf !�•,f,�Y �, �r rr{1r.{(' Yg �',+✓ 'i ,,' 'r:• o' f �` r !ir ;r^Y r rr jf'i• Y ' .Il �,ry''i/�IJ�',}'. 'f r,�' r' i � , . . , ', ,, r , . .�.I � f f�: ++,, I'r4/'�Yrr. .S'�'^",fr,f "iS �t ',� ., ;jr J^' +ry L•R ",i'�1 �` ', j,r. I'• 'r r r. .,• i - f, .. ' �F,. .i •'j1♦{�+;l,i'. ••�,'r f f :•,} � 11 l SY h .! r+ i r ' f .. ' ;�. , 'r• r r � ,' ;•J� ,/+ ''�cr. J'i�i�,� S.. t� r r x<k b � •f 5 , rrY• ,,r a • ( •r , f�'�`�+�I .4."} j� i;:�L�'C', i+ 1� ,.�j+(Q�rrJ� • ����7� ,f + �il�''�� :1'•I,%�r ��i`i.,.1 "iFt / ^' �r ' - . . , ,1, ,.i"'isl:Z '/ ,r7�'"1•+rr3�+,� `'ri,l.!:1L� tfi• J i+. y f y..11 }} ' �. I • . )r 1l1l 1./^,' C,il� x ,. +a :fMrw+.Yar, �,, .4 } SIr�,•.5 1r+, r .+ r f ({y OR, ,v ,,!' ,.%j"+,^ f !L'1''w',+ri' :!'r �:`�.rUlll`�4�.`.Y.IY�u'r1L5L'�:ticl'i,n�aw...�i-..r wAut►r. � .. • , a .t �, ,,,. r/,^!,j:r .•..�_'._...`..rxt.�lJr..r: ,, .•,.�L ., 1,, r r !' r1"yLY�� �'.,i ,r, ;f ` - .:M(a,i: A7((^j,y �.s14wYI✓G. 4unratrlM '' �1 � � {J'I+r � ' ✓ .�, , . � • 6►f!.r.exrwrturin.�.+-•4a+:wi«L,....:.w...%.aluia' �' r � � �'� F �' 'dry'''' Y is �'�it{ '1lY off �Yi{r1+'4rf'i it '.` J., ,'t. • f,, SrYjlr +• %,t }!Y .'M1� "Ai + +f ,yy, r', ,rr' ` i,.(`, ^ .r11 �r A� . JM1�n'. �}}`'4'"•?;r ry.i�1„ f'f'1 i`"y�g'+' �= I + '''yY�J,.•�r,�7 •I r''(: 1,. rrtl '�(r��•�'�� ��' 'rJ r ' r'7. :r+ , ,•� ' ! + r r r, 1J f,t , rJf:,'• 1 rii , . r.t;r� Y f ," Ye a-Cr Lles q j tinued f :/' y 4 .J r ►, 3. Authorizes Hoard to contract for comprehensive plans xittaout li.m:.i:i +:' euch plans to p°rsori;; Ulso enrolled , , :, r'r'►'.' :;• i�1 haa:.c plans, and to z'i notice required for termination of contra participation. 3 n� ' + contract pa clpation. (Ch. 56 - P051. R��oves ineligibility for enrollment in ltb tcontracted+ + " �'•� ''�' ;1 , 7, ,�; hers benefits lane ti;�; 1'jf..' for or approved by the Board of State �:';:' ,' ;'�: ;r•' �;, !• r ! out-oi'- employccs who elect enrollment in state Volans. (Ch. 1052 - SB u � ,fir ,J J• ',, ,rr, •+ � ���.;i. ,1 5. Permite contracting egency to fix itc contributions to cost of health 1 v' J JAI benefits plan provided that ` t less the 'l `,' ''�lf';'f r:'• '� the Act. (Ct; 7 )_ SB 4 is not •, than IE; amaunt specified in �4''�i,' ,'� i %; �', •, 2 i Q� '.���i•, ,!r'.a:�ldy$r'�.��1ir, . '�� .,'' } fir .r• 'fy .�5ylrrl•'v ri� �f. �j'. r Via' '' .. +. Jr `r f, ,S iF # ')f• •k� 1� f .' , ,r ifj 1 • ' � I: • 1 r M1 1' ..1 '1 r ; rJ'`;''!'' .•,' . i i It {p 1 y t .r l+dr ••,. ,M1, r .') ,. .�t'J,'�','�''E'•''�I.�L, !�'"/•rAA')✓'�11.. i1 i Th 9/30/70 1 JJM1� 'a'+�•r ,t•,:r,„•..,...,..�_.-�.___-, •� Jet 'S� 5 ""•"i• Y M1� ' 1, - r S,�,'.",fl, .......,..�....,..-......... .•,..... �+'d' ��it . Lf•'a� !•�" .rjl �'ILI'���i/�(f •�+' , ` + urr r.ra v�•^r.c�P:••.r ^r rr •r., �..r •...... ...... '..'f"; ,�r i, •tkvl��rl' '. •A. - ( , r " - t' t....-;-«......J.•�.'...'rr �.�,, � ; ti is '.f^J ,. .� •f ��lrr�'�Y �f W+',�:r ., � r '' 'i L '+ , .FI' r '- � Iy'iY}��Sh����;�. �f.. r± + 141 r'rjt 4� r1r1 r •. '•r^� 1 ..k•,, ' fy ,� d' 1 , , f f ;t f , , , . r y ! ,i ., ; . Y ,. k' • +,. I•r v'I •'J,� ,1 .Jr ! �+! ,+ .. .f. + l!r' r �IJJ :''f 'veer rr Y ' at � (off �{r'"i'Y � ti � • , • r / 1 • +' `r�' i'1< Fr� '< fl • ut �r Y f'i•�h` r it rti�* 't r 1 • ' , �r. _ ' ' � . , , � , f ; r . 1i'A:' ,(J11�i' �' J ,i� `y'i ��. ldtiy',Y;', r ` ' i � + ,. ,.f ' , , v li �, r. .� f ¢ 1�E,ti+. I• ,` �,�. 1, �{L ��� �4y�i ' ^r 4�fJ,.1 , j. ( , , • ,,. `, },r' f ,C(.•'�' �,r YY'i`r��r;��,i,,f��Y yr J"�",,,� Rif ! ' .j 1 ��, •+� di ��: �f'!re iJ ' '1�?yL'•t .��1 �! �t !' , , \y::< t 1 f.'V i�Y r -'t9'.� + ,•�� }� I Yr�,r�'V�'� � �r 1+ 1 f 1 „ ' � .' r' t. •',y ., ., , ri "� r!•, i � ` '�' �. ?.3�i• r r 1 ! •.Y E �f , _!f�•thMtY .. '�'F .f�.jtfr 'y(�^ i"fr•^r '+. � G ����� -- ram— r - -- — -�---- - - - ' ' '1� _ r'� ' .r f'•'' - r Sir. !{�`'1•1, :'( r'� - , , ., ., /'f'i r':',' , r1• ar s �;. ' 1 'r f ' �l.I.':/C`d:i%!il�{'�r7�.'T'1'.a'4'y . ,....+i:1S�rr.s..!:. t. t.. ., tsrilr :.!- .. a... : t �'I .l.::'.'.:, r'Lr.'.i: •f r: •r 1.. 's /'1.' '' ' �''��1r Mr•{.r. ,, r j { I 1,,'''. CGI RACT OF' CITY OF IIUNTINGTON BEACH ' ' WITH siEl STATE iY TLOYEES' IRME ^^r IEBT SYSMI ' ` FOR PMY NG A VALUATIOIs AS STATED =M 1 By •phis AGR *-,, T mace this (,C� � : dayof 19 ,r /in " accordance with and subject to th rovisions of the State 1 to ees' Aetircme:nt 1yr ' • ! rl p P Y , by and between the CITY COU14CIL _ _ of the CI'. i OF HU=YTIIaGION BEACH hereinafter referreG. to as Agency, and the State Employees' Retirement System inrift3ri referred tc as System, Agency and System agree as follows: i,r A. Agency herewith retains the services of System to perform, as ofthe valuation required by Section 2O461.1 of the State Employees' Retirement, f for the purpose of determination by the Board. of AcLminit;trntien of the State Employees' Retirement System of the contributions to be made: by Agency under t'_ J;• ,' ': Agencyy' a contract with said Board if t•be benefits under acid contract, described in tho attached Exhibit A, are changed as foll:ras: 4 .`r,•; +' ; :r`'; �'. • � J 4r' C2uange item (s) Q 03 8 04 and 8 7 from the dencription in E'Y41bit A to the descri»tiun in the attached Exhibit R. D. Agency wi]1 pay $ rE to System upon completion of the valuati cal , t'r t r c ''.' ' rr• ,1 ., .' such Yee being based on the number ref' p<:reunt; and membership categories l.uFolved. i `' : ; `• ` '`yr; !'i� ' C. Any and all data and Information r4 uc:sted by System from Agency for use in +�''•r.;',• compilation of this val ration shall be furnished to System by Agency unun request used in 'i;ae .valuation shn11 by System. The actuarial tables and procedures to be fit' •�+•, '. �•�;' ,�1' be in accord&mce with the tables approved by raid Board of Administration. System shall have sole control of the valuation and .its judgment in the determination thereof shall be final and conclusive. All worksheets and final results and reports, the product of the valuation, shall be and remain the property of the SystrM. Wi.tnesa our hands the day t?vd yea„ first above a:_3tten. ,ri r. STATE DIPLOM3S' ItE,TJP._lM-1-IT SY-TTFM CIT. OF HUNTI:;GTON BEACH BY M. i)i Wliliam E. ityne, ve Officer Lill, ..^++r. r"N" not to exceedt5.w neI' retired member. '� �^�-G� -�Lt'r`� si•i r {,' ' Amen�.rnent Ret. Form 424-A ShRS (g f 65) 5G7 e,'. ,' • ,.r''t...YL r-!•y. .. .o. •+ . ... . rr, r'..,. r, : r . r r.. .'r.Y 1; ",., rt••.re ... .' (' ,'. 1. .4i.p,w. •.•,r'` /.' tp{r ,!• 1. wt )�f i'''• r r fit•,; 1.✓r�;' !1 _ ' l!i , , �; . J" C." x ' %r fir •I fl) f 4 4 4VCOrltrac J, Status ar, of 1962 for 11UNTINGTO111 11�e CIT)"OF 97 Cod,3 Status 181eme number mended: 3-1-52 11-1-57, 20493 or 20530 effective) &&_k)Zjjc,.bl_A1pha 151() 3,0-1-6! r (a) (b) ........ .. isce al leouG Local Saiety 1.0 Coverage: FIRE PC Ap LIFE -GUARD 1-01-7yilSsince . . . . . . . . . . 10-1-45 1 10_ 1 1.02 (TISDI Dince (D-Div; A -Ali) 10-1-45 145* 1-03 retro to . . . . . . . . 0 1.04 Former Gi'oup A re-zmploy as '91 1.05 Refund retro OASDI adj.contr. 2. 0 I,Oca:L §yatem . . . . . . . 2,01se age or cantr, No 2,02 EmPlOYee contr. trans.1-erred 2.03 Retired lives -,L,razis.1p:-red 3.0 Retirement Formula: 3 - 01 Basic 3.02 Percent for P/S 0 F 5 -1 4 5 5 FF 3.03 Hisv- FIS improvred to. 0 A01 7 .1101. 0 two im QUA 3.04 Airlimum Retirement Age, '05 -3 Minimnr. Guarantee .... ...... ...... 3:06 moa ist $ f or ••6 R MSDI fro 0 0 3-07 until 3.08 thereafter*ls,t*$1 to. 3.09 thereafter 1st $- to. --- 3.10 Ordinary disability z lk 3.11 Disability limit (section). 14 2 7 F 0 Lompen3att ri A erage: 2 2 4:01 or P78 B-Mef ite . . . . . . . 4.02 For CIS Benefits. . ... . . . H ji 4.03 4.0k Gr. since (date) or $U6 lim. lnclud6 overtime. 91 0 r�o NO - To TU-m -p -S -J�r- 0 Post -retirement Death Ilenefits: 10 Aj :01 00 5.02 ff?,' -on " tinuance (21264) . . . 00 -boo $100 6.o Fire-rotirement Death Benefits. 40 410 110 6.01 Local Ystem Contra are e-02 Local System sery. credit No �-03 '57 Survivor (2]. 0 0 365.51 61nce Ito 1qo 110 '59 Survivor (2138076) since: ---- No NO No rf';ir 6.05 Safety violent induct. (21-364) 1 )= .- Entrie' belowa NO Service to a I U a 7.01 Pibershtp .0 Allowance lno'oR 7---- (20804-5) 3-1-52 8.ol A member ormula 7. 02 C/S non-cont. agey. (21251-3). (20818) No 8 -7-03 Mil. g agey. cost dOB94-5) No 8:0012 �100 min. guar. (2r258.2). No 7 04 PIS with 10 yr.C/S (20834-1) 55 to pre-3 yr. ave. (21251.10 lic 7: C15 PAS wage other pource (20839) 84 ;57 `0 Pre-7/2/56 r6t. (21251.5). ATO t 8.05 or 2083L.1 sez-vice (2083h.2). 06 For 20839 Bervice (208h0). A I 's With safety r:,nber edit for all previou.,.-, S e X-d. c e ie", '_tffpTt'_"6 OctOber 196. lifecuards on ocean beaches were recl&9nified av safety •nepf, RZ1131T A it XP I Fol'm 556-D (Rev, f Y Wye•i "o, .0-, 1.1 - X p 0 =I I �'' •. ' 1 1 • - .. , i, _ + . r. .. .. .r,. .� ".i'lT S.' '.+ ... , .... .an`4°JfG'.1..'1 to ..�C..1�; ., . Y • l Cont*c Status as of for HUNTI:;GTON i3T CITY' OF Code f 'r . \ Status. release number Amended: _ 20493 or 20580 effective A113ha Mtsaellaneous Local Safety `t • `---- Pol. -CPU :� ' : a.;','r ''';r',•; ; y' 1.0 Coverage r• : r- r ' 'f: 1. 01 SER since . . . . . . . . . 1 r%� ,!`' . 1.02 CASDI since (D-Dir:, A -All) i.03 retro to. . . . . . . .'•' ;r°ss,' ,; :a'•t t. 1'. ' ,; ,a1. T L`.�, ... , . 1.OLi Former Croup A re-employ as `i': : 'i:. �awfy'I' ', a 1.05 Refund retro OASDI ndj. contr. �,'. .. 2.0 Local System. . 1):, .. r';r '• 3e age for contr. rates. -' :`'ri,; J;.', 2.02 Employee contr. transferred '41 ' 2.03 Retired lives transferred 3.0 Retirement, Formula: ys?,tr" ^�'' ' 3.01 Basic Formula . . . . . . . 3.02 Percent for P/S . . . . . . I. 3.03 Mism P/S improved to. . T '" 2.04 Minimum Retirement Age. . . . 3•.05 M nimum Guarantee . . . 3.06 Mod lst $ for OASDI from 3.07 until . .•. . . . 3.06 thereafter lst$ to. 3.G9 thereafter 1st $� to. ( 3 10 Ordinar disability form y1 3.11 Disability limit (section). !3 , 0 ComDensation Averazie : 1; . Old or �.> Benefit:•:. 4.02 For C/S Benefits. 4.03 Or. since (date) =,A'VU6rr_kk 4.04 Include overtime. . . . I. -.0 Post-ratiremei:t Death Benefits: 5.01 Lump Sum.. . . . . I. . . I 5.02 1/2. continuance (21264) 0.0 Pre --retirement Death Benefits: 6.01 Local System contr, credit . 6.02 Focal System serv. credit . . 6.03 157 Survivor (21365.5) since. 6.014 159 Survivor (21380-•7) since., II X�Y��7:?w.^.�IY�:}':'cl`fSS�:CCi%' fi4C�tli7�::f"$�,:'�•J Entries ?.01 C/S pre -membership (20804- 5) 7.02 C/S Q non-c ont. agcy. (20818) 7.03 Mil. 0 r,:•--y. cost (20894.5) 7.014 :`/ S with 10 yi% 0/S (20834.1) ?.05 P/S wage other source (20839) L;xc'lt?sf ons �: i�er;a�.r�.s elow a 1i-to all groups .0 Allowance Increases: 8.01 To member formula (21251.3K) . 8.02 $100 min. guar.. (21-258.2). , 8.03 155 to pre-3 yr. ave. (21251.4) , 8,OL 'a7 to pre-7/2/56 rot.(21251.5). 8.05 For 2053h.1 service (2083h.2). . 8.06 For 20839 service (20840). . -8.07_ 163 to pre-1-1-62 ret (21251.6). _ �- -_-- EXHIBIT B ea .;•.eta'• ;;;i'!�'r�,�a��.'r�`{`'.t!'.r.� :1 0. Hat . Form .556-s ( Rev . 6/ ,`. :.. _ lit 1 .Ian ' �f{,' '. •� �'I:''';;t 1tli;1ti�. , It. �1 . .a+ ...� ..., ..,.� i', �[, �. .... �:'"' � tl ,. •r r •, ,... .,�_t•r.,•-r• ,. ,�.. •r_T-rr ij • .. '' I •r .,I ,a. tt\ i .. /, '' ;,5 ( + �' , / \ I• � i, „' s. f.. ' 'r +' 11 �.I.`tl.l+ 1, j1' ` ' , ' 1. ', '[t•' I .rr' [•• , 1 ` r . . (rL'�ti'',���: "`f.' .�1rwP � � � r: ' .. ,• � r .. - ! V�. ,r �rl��'!pb'��J •.`+ ' yj�"�r}txy, skf .•, ' •, s '^ ''ta:'�i".% v,; iT,�j, �, nti f rr dw,�p�,p �•i•.r. \ 3; •;r.1. i 131ff '�'1.r �i `` • ' � . 1 ' * .1 r ''. l,�.i'' r„+r1}r j•,�„�� • ' r 1 f I ,, •p ,r ' � � ,•+t �!� , rmT .r4v�r. 'I J ' r •• �w.�...�+r. , ' �1�,'�^��' r� , r, ' ' �' is fir' r1 �I ,�` :it'..�.i:�'r:i:l/f,,.l ,', ��.%... ..:I;:.'r !'`a . r;�l'�'+.L? iy1;r,,3,.1;;•�rl' tr> �j� f' 1'• p r - -. .1. ., ... .. .... !lr.+:J..n..�......u.r.r.auJ i.Yru s:; ... ,a `r. •'f' t' (, . °.m Y.: .a' w• ''� �r'i�`{ , r ."'l � ' ' , t %'Jr� r. , r , I! ,O Q .;,+ i.• , -.rp�:� t . �.r•l , STATE Of CALRONNIA— BOARD OF ADMINISTRAT'01,11 Gor A NAtb A ROEGAN, rrrnor rr'' t -�;,. 1 d M . � . STATE F.1+AP MEND' SYSTEM �—� _ -�=,1� i';.•, ,:,'�.# i��;. EMPLOYEES' RETIRE 1416 ('INTH STREET, P.O. BOX 1933 SACUAMEKO, CAUFORNIA 9lB09 ,1a. ��p�• �rti,i{ip, y���; Y;�s'�i'r .; l.r'.• '," `'fr� I',3',' January 16, 1967 H ��p�� �''+ti M:•. fir',,;, TO: ALL PUBLIC AGEMIM COMI'RACTING FOR RETIRE E f,". COVERAGE BL75JECT: RMULTS OF ELECTION OF MEtMER, BOARD OF ADMINISTTIOtd, 17 O/AIY3FUBLIC AGMY fSmM OF THE SYSTD s ! 1� j 1' "t���f p,'t�lki'i r''jj' ,"I'!.�,ra �•': •V7�'. !•'�,�` ' .��� r .� t!.. r ;f rl ter, k'+}'•,�.'< r. Following are the results in the election of a member of the Retirement System :' +, ,r; •:�,,. r, , for the four—year termending Board of Administration January 15, 1971' ;, •,' `�, , , ,, �:�' '' . YJanus_ :f`. m: t ': ,r j�,:.#`�,• �!',' '; ,' Nu fiber of Number of . .„��,�'.;; Name Votes Received .rt ,• � ,,,:, fir„ , ,'• ; ;+; p.•i; r _ NeL1rt? Votes Received ,. }�r�r , ' ��• ,J�.�1>3 t'.:, r' <` Otto Palombo 33,954 Daniel F. Kriege 4 357 , Wi3-U()LM W. Jennings E,751 Jim Sparks p riSB " ":'' "�,3; ;,. 1 .jl Harald G. Thornton b,�+25 Waltz. 3,995 �r`,Nk' '` A. "Pat" zr l6cPuail 3,431 t r. Vivian A Mitchell �,519 R. A. Brand 3,333� R. Wayne Alexander 5,332 John Legardy, Jr. 2,25`3 +,r',t';.'• 'i',:; ' Aa the recipient of the largest number of voter, Mr y ,, '°i•,. Otero Pelomtio, RTns elected. Please give thin information as wide publicityas possible b on bulletin boards a P y Pcsting this notice and through whatever other channels your Agency provides. If additional copies of the notice are needed, p1f'asc let us know, stating the nuriljer {� ', •�'��', '' r'� �. ' t' ' ' desired azd to whom they should be sent. The D of Administration Q. - } e Board inn appreciates the coo ern tion of all ,gyp sssiateti P personnel who t in diatribut•ing the ballots and who performed other 'lerieal work in conneetio.n with the election rt' �• ;1 lam' l'�-i� •2 r..r,, �:��, ,, �,� •• t • 'd E. FAYtIE, F.KFk:U�FICi'R, ` p j cs"'��•r;�i��' tits"1� � I � ,. !. '. I �':: +<• ,.,,�'��: timer r .{ _ , 1 '1. �i^ .V . Pct. Forma 1W1.-,12 (1/67) 2:{7 00 :i '1 'r 1 r} , 1l`w1il.,,f 1,'!tt wi4dU�'1 i. wr,�,'�'•irJ,• ' i ,• .. .. _. t ? (' T • I ti I • ! ` p •` 11 t , / V p � ' f ' ' + ' p. r ', r . � ', I ! • . i rF^?i,5•r1 J'F: + t'f...'l1J • r , �' ..•+ r 1 1 1. Ir+ t 'i','i(t' • r r., ', 1. l� N. j ,'�•.l, tit �. rl !. f i .J �,•�! r f J, ..r t' a '1 , . ••• ' II ., a:. �J'`f •ri ' 1, iRy. f',. ��.-. _1..'.1',^.... .. ..1-r,..ru+...".i ... .- . - •',r+'r`. a''.. ...fijJ:`i'"!'._. ....,...;. �„�... .�.", :v...', Wit;., ;' .1 i... t'. %:�.J,�ar1:. -!:L,I 1: Ili'1' STATE OF CAEIFORNIA- BOARD OF ADMINISTRATION EDMUND a. GROWN, Gr'ra•I:or ' ., ''r,, ',;•, .. STATE EhAPLOYEES' RETIREMENT SYSTEM�T �.� ----�--- -- ;. 1'f. 1416 NINTH STREET, P. O. BOX 1953 .� jl• ,r+l SACRAH.ENTO, CALIFORNIA 9509 % r `'•�ii }r�' t` fleanViredYowk.pfYfa$rction --r ;,:y'r 'C:; jM1` J hyr''�Y {/t•/jyp �" "'U. '' r .f,P, •, !Ir .1'..1. IJ. .� ''• I, iy,.t(I'i�' ����}} September 6, 1966 Astir faM.mb.rAreavrtlNumbtr 1 ';, j. '.T, 'f1 ;'�`�'.S',�I '•!- (n'::.% (<If�, '. fir. ,}�r,.f yY' ''} f '::Ia+j��=;,; ��.�,+ � r,� •I'1'' ,,•'� . r, >r`j, l.j,6'atj�./ r •I To: CONTRACTING PUBLIC AGE^SCIFS . �R '.lt''I. rr,jr ',: r',• T�'�1+/r'r1lY:� 9,;,5� � I . i ' �l . • 1 �. r/. , d ,+ • l,� ," }9. . , 1 . % ( , ' 1' M ' p � ,' i j: I Y, !,, . A. ri',;}f}, ,'•r ` k l,l,, .+ ,,;r• SUBJECT: QUA3'JFiR'l�T."IAL ACTUARIAL VALUATION x'�' The f1w+,ixement Law requires an actuarial investigation and revaluation of the assets and liabilities of thi3 System to be made at least every four years in order to determine A k uhether an change should be made in the contributions of the State anA contracting agencies. Recognition of this requirement and agreement thereto is specifically included ' ; :�� 'Rl" ' t The last quadrennial revaluation ' , ••..'...'r,. • •,,, ,,., .•,• in each agency s contract with the Retirement System. was done as of June 30, 1962, and thus is required again as of June 30, 1966, on the basin of the benefits which are set forth in your agency's contract. t,F'',c,t'r:t .;:;'' The System is in the process of the investigation phase of this operation and is t:}„'x*�,' ; c,F:k` revising its actuarial tables to reflect current statewide experience. All other prelim- F"'' inary work has bean done and specifications for each agency's contract have been prepared It is necessary for your governing body to adopt the actuarial contract Phieh is enclosed in quadruplicate in order that this work may proceed. Three copies of this contract r r'• y ``} � _ }' should be executed as soon as possible and returned to: State Employees' Retirement System .r;�Se Attention Section 23 : �{��....,1',�a''�I; I j Post Offica Box 1��53 Irt' '`�" ;yrl,a�' TFi ti ►, # '' Sacrarento, California 95809 '•r'ti"''. +.;" = One coo;r Trill then be returned to you aster it has been approved by our hoard. I� ';'?'w; The valuation to be completed under the enclosed agreement will be based on benefits !. ! ",'1 i noTr off«rded your employees as described in the analysis (Form 556-s) attached to the e enclosed agreement. 1'%e are also enclosing material (Form 528) explaining the analysis J!F Work on special valuations for amendments to your contrast will be deferred until the I i r• r. r�al.uution% regularly required have been completed so as to insure that agencies will be ',•''' 'r;. '� advised of any change-3 necessary in their contr;bution rates in time for inclusion in their 19 7•-b3 badget est`rr.'ntes. • / r. KISUK YA;�:1 ' 1 ( ACTUARY '1 i,lr ,l;Cf •' d �, 3 f J, , t r 1 i , ' t "•i,; 1, ,. l.l.I;. �., vv �4r �F:. .Y'' i'� F . _ _ ' f '�+n L YjY:}, J,i.�'ir` � �•fa �r� � ` iY a 'i• vt r,'; ,,:.FrS .t..; t�', r - - _ '.r, : r '` ,,4!�1 '1'!Ji "y.j 7 ,n:3i tp:� 7 '/, �dc G4ti,t r 't f r'•li.�%''�'Py�� a. �+j :Ij I r! i '" ' Yr nj A • � � • FCC 't. : ;" ' _ ��l r l i ' ` \�'• ' .. !, .•Yid}, �;'�<!y�' 4. �,,trr', ''i• tl { i .r,.'w►s 't ,;., , ',}'rt,rr � ,a, •/. ,;; � r •i, r • �' a ; ! 't�' r.r::rerr i : '� �..::���'r;.3.�"lS•A't'•��S.F'FLiY?:��.lil e�?c�!!�t+m�..�� 1'; � a y ,r . •�, a ,, ,. , ram: yet: :.. rt� ' Y,.; ',fit, .,'t� •'t .'IrY' '1;i,Y.1tr.: < t • 4 rLk�St�:�:'.�r4:�..: ,•.'!� ^ A.:.}..:)«:idrw .titsf;.t::.,,,.,r ,t ,., ,.' � i . 'i ! it+. Y •h .1 ..../,' �.a�JtZs...'\"��r$ ,.itv.. ,.te'...h. '•,Ir:$Y % ' 'g•! Tz; tit ,c ;�c::r�c tKTI rs CoyT • t Cities410 SPNIfiL NOTES f''.� ':vi''r ir Firemen e Xcluded .,3't,• '�,`` 2 Policemen excluded. h ' Y pjt 11 yr 1/ Pay at :%ge 60; safety -money. value s` "r"''':•'r5, b Calexico .^�aE�Zias only to miscellaneous Final camp• basic indicated for I.", i service benefits for safety members are based on 5 highest I ;,;';,,�,;+;, � y Members. Prio e ' fits are "money value". '' y;tars (gross salaries) and c,irrent service: bune4�*-y' �;'•, based on n", U�"" :�;'"7`',' :� 5. Prior service icfl benefits for Emeryville riscellaneou: members 3 ' �" Current en1f ',', t,, •J rrr,'y -Mpre"-contract years and for safety members, on S 4iighest year. ' Service benefits for miscalianeous and safety members are "money valllo".�': IY are covered under loco]. system. 0/16/b 6. Firemen and colicemen hired before 1it ashy ti°ray''" "S" Applicable to safety membars only. Effective dates of coverage: ! rr Citx Miscellaneous, Let fir' !I...r a'• 1.rx',\'';,` ,'j•f� 4ntic'ch 7/1/50 7/l/60 �1/59 �; ' i,''r,l, ��► Belmont a/1/ ( 2111G5 Fira 12/1/60 Brisbane IanP r t' 2 Poli e. 1 LL y •b}R Si,r. , ,!!A.' t r: l c / /�)5 ` 1, ,Ply; .,,'•'t11 U,v�:,', / Csrl3had 7/1/57 R ry A.l F 3/i/ r .. t Clarnmont 7/1/5b 62 '��;.;!Fe. 0a1y City 3/1/46 Fire. 1/1/52 ';, °O11Ge.d/1/46'' �r !t!?ut;do 10/1/lt3 Fires. 11/1,147 El St : a •r . t'" l 1 tt v Police.10,11 43 C 1 62 3/l/56 G1endorn % % Altos 3/1/tiL Fire.©. 11./l/le9 Los ' ce-7/l/60 'F ���.��+; ; ' ,; >lillbrae �11/bli Fire 'l/1/50 ll `'. ` , 1 Police:.11/1 54 '� Modesto12/1/5a 8/1X6 Cxnard3/1/57 2/l/52 /5 1 1 r>a 10/16/61a ••'Y`' ti '} , Richciond / San Carlos 10;f1/ls3 r'i1 7/1/46 Y • '. 43 2oliee,l0/1� .�i:in t' a 1 ?/l:/5 t 12 1 57 :i Seaside 1,r1157 Fire. 7/1/56 Stockton 911.1 4 7 /48 i,.+7i Tracy 1/1/60 'i 1/i./64 Fire. 9/1/60 Po1ic�.i/1/bl: ) Ylk Ali ,r 10 stet. Form 123L-7 (Cities) Rev. 2/65 �. Y, '►+ y. 5t'YA.1,it,, f1��t,�`, ryt tr •`y}'= i i. . l ,�1 ;:I r�",,. ',�i�XJFt'AY'#, ��ir'0'ri ,. ', t•" ,', , ,l ',r`", "r: •t � , r r � „ •r 'r'. , � 'i: It .. :?•. „ �.rFl,'ityF/ r 'r , +,��y. rt'!_`. ,.rl� e. ,lr.. i' .,' .rt :• e� •1; ,/�'1'.. _;+ ._,. J, �;fN,...111 ��'� ' ''.'1 , • •G'll�i.l. 4,._...cvs...,'"tia...,!'�,.,'uei:ir_v.ii.: ._. . .. `t'"^•.. .•r, r"2'1:•.'. r .'lilt., .iY ri'1r. 1.. u ,•.Y. 1 .�:JI li' (t, �' .j1 rr SU 2MRY C': CG:,'T.iACT1:iG AGY ?"NEFITS '•.t . 191 Cities Final O!3 t N' 'i . . , �' ,•.('•�' i" `..�, :' ` • • , 'rr Date of •iiscellan. Safet, Comp General Death 11ame of l.�;enc;� Contract:emb rs i'Ie +�Uers l Basis of tr ' ' A. i'. cU n7 w M 0 M a. a. • _- IS. O ;� � CC. Fi o us91 r-1 .ra a. W ram- Iti +1' d •ri .7 •✓• Q F� W' f"' l �•, W 1 __l Ir Ote+'i'1 Y f�` fir• •i! Qi Yi �.% -•.iC�1 ''0", /.1.RL r•-1 Cd 1 ��N O L l U) U: 6) i.LV1sti 'H C O O -1 V H a r1 Ki Rr V City OfG /� r- C7 mR N o rn x :� o a v) rO„L. C\ rT La �,-M C,.,r-i r•'i r 4 r•1 ,a r-i r-1 Ci r, m O r-1 r-1 a f].. a,r f 7 � ,.�+, % ni! 1"�'• 1 l Alameda 11)1 X 1-4(4xi le I X G X Alhambra K G S X X X a +'•, r, `• AituraB 1 X X X X X G +* Anaheim 9 1 50 x X X G X X Antioch 7 1 0* X X X X G I x r Ar-adia 10 1� A X X X G % _ r' ry.,^: , -rrovo Grande 7 10 a Artesia X G ( X X az: eye , Atherton w—_ 7 1. 17 1 X G Azusa 1 1 D Y. X X G r` r 13a rs tow 1 6 ?C ?� X X :� G x x A �I �,,,:� 5w, ,rr bakers f field 1 i 2 X t X G 'fit t' sl a '++ Bell 7 1 i D k X X { X G , ��1 f ,•.NIr Dvlt*ontIli 71 9'+ �� X X Y X X, G Berke3, 1 2 Beverly fl'_lis 7 1 i r X :i G 1 __•_. _ i ( ;;�it „ x Brea x X X G X Buena Par:: 3111, X X X I X X G a i Burbank _ �� 1D 1. t5 X x Y. G x ''+t 13ur1inr..a.,,e 7 1 2 X I,rfi, •r. r i3risb<^one M �' 1 �;: X V }: X: k X G X { •� i Y� `..d rky��.. •� ''n �'� irk yi i r,ll '`�.. i (•, r , 1 1� �YYt'ri'r ....a...._ r r Ca c,:7 J + X X :b X G cc 3 a9 __._.c :;, cl1 M ' 2 1 2 e :c a fie 1 }. X } G•f.;, ? ; X A X X G — ....0 arinE:- .` 1 ,'J� 1 '.� .1 G I r '' _ .lft '�, ! 1 •r r �,y'j r� ! Chino _`j 3/16/6L X X X X X G ! ,•r:��, , Chico 1 1 }. 1: a X C, X �; j ,\,� 7;. r�+r S ;,,��, �.,—,_; _ .... ! . .�•. % i r„i 1, r•, h} ti..�,.#,y i Chula Vista _ 191 ,y X k Y. G t Claremont _ �..^ "? 1 ,+ I X :i X X K G TColton 7 i S D Y. X _ X f1fd�'r > C,.-irierce 2 l b2 X I X c r ;.: fie i I X G Ix Ccrmtotl 7 1 7 _ X A � J'. _ G }: A � i t .,� +.� ; ,•'., _._...ronado 1 1 49 ( :{ X X X G t i`orte '%a der�;� iOh-n oi' 1/1. pp X AX X X ( X 7 ' ' ,.;! .� •� `{., ref Ccvina 1 r X X - X G :r Cu1V::I{.7'"r/!!� L 1: i Y. 1i X �� rh .4�i1'A,, ,' '•317i�i ro:ra 1'";�-'1 {Cit' cr,) :i',�.•�l,� .� i,'ff t }kh •r r,yy 'n1.,1 L +4s ,• .Ire �'� it , ,, , J,,�t'���"1�'I,�ii� ,'�. "Al r vli :,/ . �', •� I f,f:'tI,L.,t:.:'.: ... � ;..fit. 1 �• .n ,;.�. ... , .._._..-. ' "'.• �( ! ,, `j.,'r• f 1 } ,! 1, .4.-.l.ritl.l: �=rIlA.l il' i•�.�irir ii: I,r '��•�"' :,V. •N1r:I M••.•wrfr. Ysw.l i, r. :--, ,.,•...rr •wa• r..+,. )K.y.... �.._...�._ _.�r.Lj,,,Wr'.ii_4.s..L�..K:: �.1 �' .t' _•JtRY OF COUTAACTUV'' AGENCY D:.t��•, t•TS "` ,�� Cities ,.. r i• r l " } , IYiscell.an.Safety Final. Post het. Date of Comp General Ljeath ?lame of Agency Contract !'embers Meriber5 Basis Benefits Benefits I I0 V V I 1 • L w ro � xLA � .tj C Lei G) a O O tvi �1 L o m as a a. " = ate. 14 H w $4 -pi . c FI c +% ro ro �= C. ro O 4-' ro o 44 o C4 a • A a 0 > 0 > 4 M +3 14 +' ` o +3 d - 4-1 O O O -H � w C1 +3 43 rA +� C /4 •e• N O •.4 .i O 1 I +3 4J H 1 � 3 C O t+3 C N a s J Ct I 0 a) fr H r 1 1 c0 O W IV R. • (d C� W H �:.0 o �: % ' V +J O 1 G i t of Y C3 O 0. O r- -+ :a rn cv t� rr. c� r+ o :a U3 rf x x L w m a r- C% 1 m ul ri ra Q �+ O C7 rn U G + ra r 1 r-4 r-1 a Q I-1 r 1 r1 7 - D [n r+1 I« C7 a% r1 as r 1 1. a r1.:_, •rl r t.7 tt) o Bairy Valley 2/?/63 X X x l d d X a X X 1 x x x Davis 10 1 X X x " • X 1 I� DuArte 1 59 1 .x l d d X 1 a��daefr fit Centro 0 1 3 ' - -- a- -- Cerrito _ l 9 t G S w1 Monte 7 1 X �; X G X _ 1 Se ado 1.0 1 31 ii K X X) X G X I Ix ..,_, . er,Yville 1 1 .J 3 L X Lsccndido 17. 1 �'d ti K , K_ I I _ 7 1 61 i~ Fairfield7 1 K X X X x Y. Y, x ontana 2 l KI X { _ + _ it ?�re7nnt i 5 �1 •. uZlerto�) 7 UF46 l ! { _ X X X f k X 1 r _ I i + Girdena� 7 1 X 7 - Glendale �~ % 1 a� X X1 X X Y. X� ... eFF, ra___ �' I,r X r _..__. csr ;,i F.� —"' s _ VIA X 1 T i c t_ Nrtho nf r _ --1 1 �. Siarwthot'ne 1 1 X X ( I j IHaywand X ._ i';r1_ora Be ch 7 1., 5 2 x X }r. _�_ Hi.7 isbnrough _ 71 P 1D1 IX I u X L ?!&luster - 1�' 1 a2 x X h { Puntinton Beach 1(i 1 1a5 X X X G ! X' ►: _ _i - ;iinti:, .ton 4'ar►:�'�� 1 t (�+X X X 1 G 1 1 f� I • str''!Ir� yk . ' •l%'.. .1r 6f�� � 'Ytf �� �'i' fl 45 N." 1 5 4 4 r . "t ,iT fl ••jItr.'1 �k ,et. Porn 12j1r-2 (Cit,iesj f `. •, it • .1 r' � .. r k ,R.;f ',?• ,i+i •,: '!...........rierr�.:t�'1�:':tl'•�:,,.L.:!i:i:!•!,'.... ,��i�.• �-i�i.'111t.':r..........'Y:+FY_t`�dJT•r'«'.tz;v::::R.:+C:•--...>.c......c..-...r.R...L�.1.�iX►L.:'.,iLX'�+�:94•.uf�•;.:1!•u..waw.rauuMin I 5' �`_)�Y,I�;iy�'.,. :� '•,, 1 �. S1rri-,I.R Cr CC.i1:L�s .11:�r ht..u: ♦ I: P �. is ,:i Cities .J�•�,•'• t. .. R't ` •t �ys�� � rt!' i •t�ls • t ..'. taw t:- ?inal Post Ret. Date of :Jis.t:llan Sa' sty comp General death ".Ame of Aeency Contract `embers 1•;embers Basia Benefits Benefits UUU • U tt7 .0 'a v • E; 9 543 o C-4 cCo x �7 r. U m Uv U. to Q a k co x1 a. a- a o m F -� •h% . ii >r to !v n L. 14 Yi s4 I 0� tL t4 ", :y •3 o -''i i imt 43 U d �1 m � � o� � I [? �.• -+ m i to `" ,� p c c x ti cn cn � i. to m n o o. o t- ©r-i r-+ '.a uJ d,4 m t:1 2 •) p r'J o t-4 a o 4 Y+ �: �t a; lV m to o tr- o. r m U V) +J wi r'1City o C rt- of,-, -4 U a �+ ►-+ O r'► en c5 r^t r'1 a+,� � Y.• Ar I_mmpeerial Beach 5/1 61 X i X X G X �In u 11 'i a u e Indexood 1. X X X X X G X Irui" ndalo ._.._ .._ 11 22 X 1 �:' X x w w.. 1 Laguna Beach WAS X X y G . _ La Vabra 7 9 X X X G 1 'i Lakeport .� 11 1 a2 Y X X X G X X i IAkewcod 1 X X X G Z r La Mesa 1 X Y' K X G Lark3pur + ll 1 X X X X X G X _ Le Hoore 7 1 X X X X Gs Lincoln 12 1 X X X C X ' Lindsay 1 1 X X X X G Livermum 1 1 2 Y X X G X r,omita 11 1 n X tie Lon,= � 111162 2 X _ X X X X IG k X I Long Reach 7 1 0 X X X X k t3 S + Los Altos 7 1, 0=� X X G Los Banos 1' f 1 7 x X _ 1imod ..-_..._�• 1 J x• •X X X GI X t t f Ifart.inez 7 1 ,,0 i3 Y. X K G X _ Kr_ ' ;t•i Ile 111 60 Ix X X X X G X • Menlo P<rrk - 121-11bb t! 1 Y a X G X t �.. f erre •ld 1 37 X X X X v X Vi llbrae 1 1/:3 X - X k X G a X 1 j X Ix G �Icdesto '�%1 tr DI X X X X G A. X X 1Scnrovia - -' I_,. 1 0 11:1 Ix ' A 3 a ,•�^tclair 1~ 1!1 � 1 ;; 1 t d d }: �i x G X X ",on-tebe.11n 7 1 n X X k X "^rat rsv 'ark 11! 1 32 x 1 d d X1 X P'r ;` '�.�;j�� :.r4> 1 r _'t./ ,''i+r•S; �++.•F; ' ,Pyy��v r; ;r C 1 y S' YMr•Ar' j1: �M�� ���`�,� ��i ti'lr',. .f ! •r� 1 I ( .. ' "•' ..f (r `..'t �+idJr �'���� yrL� '� • t �, �i �y pt F�'t, "d"� . t 1 •, ' .. t ... r'' /�' •t. il. 1'trr��{'��r �' +t rt .. r •j •,;- `'I., , , � jy�{,, lit �'1 1jf�,It� •ii�,' �', . .' • t 1 _ � , 1 1 �• ' I +�' ' .. ''�Z�•',,.IS 1 � ; '• i ..Zr, •1 ,i..(' ;'. ! - .i i rate. ^(•%ji'•',' t•' ,• ;r , •:r' rn,,,._,r.,y if {:�t y1.+fir (.';;tt.' •rf,j'. •t 'ev •tr; f ` ! +CO. �,. Ltd Y .tiea r I ,'' � - ...._.....-,.._.__..�..�_.:1 .__._... _.....�..,..._.�.+v�+tw--•--....c .+.....«, •1 f• 'M�}:'1.�"•�•�, y� DIY OF CCIiPt1E.CTI:IG AGENCY :k3i?1TS '�: i,l,t�%, -, r. 'r. ,% jay ,• t /s Cities,i• '''Yi;,��'�"��!'lw� I { t girl. ;y, ,ti•t� :$;"� � Final Post Retw ',:f�.-,' ;. ,`1'.. . + rS ,'�• ..� .r? 'f . ;.��- ;.; '.�' t, ,/: •� Date of }rnallun Safety Camp General. Death Cnefi.t3 �,� � t'fp' � • { y, ! ' �f?1 4'' ,,. !embers Basis E uefits `; ..'t1 •,S� Y';';� ' Contract Member. •1 a :.;;.;'• :,� ' ,,, .��.,.,I' ►Iama of Agency 1 •i 'I. j;dLt +•r +;'SY.,ftAeh ,'+fS .+•�.."'^�_. ,,4� i .j �. 43 t;t }sr 4 ti O w tU ri x M� F• 'Pt3I 43 Y yUN 0 : [ri a] UN 4, .�' f ' ';u' ++,'�; a t••+ 'i•� ill !"i N : J y''' Oe tj t ji° .0 ri 4) 1^o P. a. • a a. 0 1� Q�� t,•� r�ir�/r '' +.ti',i,✓',r �11w . 1 �.', f �` %; : i {� •r'. .i+ i•1 i•1 �• i'• Y'1 M i ; ••,.•, Y �' r . r''�'•:•'„±�!'w r0 t'+'!t r'f '•'{•r•f •w� cII cU .W U o fa Q o i•" .L.. •� ,'vr''ttJ,�• .. `!: 1 k" o c0 r••i ct • o > :1 t7 +3 t• �� :i'° 1, ,.i t, g'i.', „' ;,I':"t}`'.l p 43 c U i� ;dir t f;+r.s'r"•,,1, }.J' 0 h- Im 43 0 rl n 13 � lr ++ ti<t t y3 •j ri 43 m U a o • +� +{ r �;;� • ,n N ri cc t ctS 43 U ♦r S: 1 rA +A rA f! m ir `• : ' . 1 CC) y.� P. • c0 !J . -1 w +y V) w CJ 41 Q t) ri f4 -H f, M t— lT 1 r1 d O 0. C% r4 CO cv m N o tco� x 11. 0. E C1 cn r 1 c {O 0 J City of to rl r'1 r-1 r_4 CS r1 Q r-1 r C7 r•1 .n M C) r�1 a a n+ � T 2 _ 3 64 X k Morgan Hill �j Y •I �,. �, '., li'.`•;t .'. •:[; fr'1; 11 .. 1 4 ± X X .!� .) X X , 1'lountain View 9 b 171/51 7 •' X. ll Zlin�l � '[) � y �!•y'' ,t � �r r (f.: �"' r t ' •.: F.�.. wr.—"--- ..........+ �r 7 A �! •�1 i�' nF . '1) 'ieuPort Beach 7 1 ti�� X X X t`' f Norwalk 7 I D X —•� n���`��'t�'� �I.,�I*��y''.,;�,, f .i (:}C+237tslde r.«....rrw... 1 % 'I 1;" ";i'1'' 5 ,,;• ' ' 71 ..1 ('', ',, ' '.f, •, .' ....�..�.�....w ..w+..w+._...++�_• 1 X .A "- 1 .' . f • ,;5t 1, : i 17t1: ,'' •y{, Ontario Orange - 7 6F071110 ....., ., 1 1 Oxnard 2%�/a20 K X. Y. aacit'ic� _ 1 1 9 r ].Ld d �( naci!'ic Grove 2 1 yw.__.. ¢elm Sarin n Y X T)alos Verdes tatates 9 i 1 Y. I!: X X ' _ _ is �,,,Y, '�';'•?;' Pasadena .... 7 l 5 x 1 'd d {3 ' '.Y:rti• }1 i;� I A i 1/1/CO X X ITr,•, t,r^r 1,ti{i •a{ill r� .__ Pico Rivera — �' ] Fi.t tsbuz^ ? .. 13 X Y X i G X - '�; , d t,1ec�sent 1i�1'! 7 1 3 tx 1 d d s X Pleasanton g 1 53 X _ X �'oz•t F?'one e 10717,1 X ^ �-- 1. ! b.,r•�r, :led Bluff ..-.._.�_ — i 1 2 x X X X �� X r x x c X Iteddin+2 1 1 J X ?ii:dlrnds -- i 1 5 i .{ X X X 1li + •r Redondo Beach 7 1 g D Y. X X sIx X X •� peaWoed it�y 7, l >_1 X X JOld i+r IT TL �k TT;� '1 Syr' . I t . '1 �\••i ..I.....1 1', J,. .+ 'r„ sf: 1 , .`\. f, ,'t` •-i + ,K 1 .. I r'+,1 , fIr i^ `' ' (,,� {r ', •' '' ', ,} 1 .7' y- , , ' ' , '1 '\ ' '1 I'1 , �,� 1 ' / , � l,r` ,,' �' •t; l.., ,�1 �,• Ir. ,` ' 1' t j1.. t j yr{.: t '' '_'.LrZ"i„ 't'.;Y. .,. til,r • .I 5 i, ,�1 r • i �. 7• t1 'r>f`'1y�.(+ it •+ r .+ M1 ., 1•Y iy Sf ! ! ' ...,.,..w.NWAY•J".SJR�A'L t' f,ys�rJe•I%,,i l.,t .. :7 , r • ,���lio+xl; '. ilk �' i '''i'1} 1,!', , ;'•: :" ;.lt;•. •`ti'+.rs....isi.'-...'rt.":fi.�::'K..?{ri,:�....•:'1%..5.:`:rS�.,a.!'L't�fati: i / ft ��ri::.3sti.:�.;.L.is'IS.i:.-s'..7.�3.'a•.a:::1f!.`r iJ_ i ..i•S;i:+r.._....-� w..._ .' � , i'�+'�r;;''.,t',��', . 5U: ;15itZ tr: '•i .ITR'iCT�i�G nG ?',�•�BEN HITS Cities t t. fi;. ,• µ.1 itq io mi a a�„ }i a j 1 IV, I t '' } lit ¢'t+'•:� ��'l,'"�;°•S''�{ Rot. For 123h..5 (Cities) Rev. 2/65 4 ;�`ccl ',``rs. ,. i :,. : r �5 •t.d., ., ,t. ,r,. .t. I .r•. ._. •rt• - z •. - .� .f__ . ..rl, . _..,...., - , tt•••-. .,t. - _ -. .... ... ...f•I 5 t-',' .. ,' V• •f,. ' ,, I.., ' , iV' l t1',' ��r :.i.j'31 .:;. ;,1+*/1V „9 H,I. ..it ly t�A L�1h!„ , � 'I1.1 �-. + ,« T •1 '^ . 5r 'r „r `, r , .fi , I ,; t{� +�i , r , + , , '' 11 t , ,i'} t, ',J• ' t � t 1, r � ` ,',', + { •' , . I,' t ,r ` ,;. 4 + + ` I , t ' ,r' r� 1, ' :l! • + , ^`r , 1. , 1� �•> 'W! Final Post Ret. Date of viliscellaft Safety Comp General Death Narr,e of AF?ency Contract `;embers iiembers Basis Benefits Benefits y cnmaaa m U U U W a U 10 cu r_ `E �t!]WO °' °i. CO r-i Wl ooQt+ ►a n. f+ a. U : o - -0 �, (� r 43 GC 0 +3 14 O $4 O a. N ti a '�' t,v1 O „G ,i: 43 W LIN E � cti G 1 w,• p i► tmd U D O O ctl A N 43 0 00 .� d rt cd t{ ►� O C C r t:7 to Ql fa CC O ti O 0 O N r-t A to u U O N r i O A LO •F4 .'I' •rI w� O O $4 lam- °•'�, Ch 1 � (0 , � •'� p x City of r+ ,� , ,.+ o r, A -4 r••i -H � � m Richmond l l 54 6 x X X X G X. .... varsi a '1 1 5 X G G d •"" Roseville •.,�;-,...-r..--.•-- 1 x X G x w 7 1 .. �,,5"air s 7 1 1 cue n X GI an na eUZ r 1 59 X X x X X San Bern81rdino 3 1 X X G X an Brune 1 1 D X X X G X X San Carlos 10 1 3* X X X —Mn feernan o 10 1 X G G A x San Gabriel VIA X X G I X San I,e:an ro 7 1 X G' ` San auia Obispo 7 1 ----- --- - X G X San Marina 7 1 G X D X X X X G XXX 3: - San Mateo 1 1 2 `r X X X Y. x G X M San Pablo 11 1 a �r X X X G an afa;_1 _7T1_f5 7 7 7 K LLt c X G G X X X X Santa Barbara 1 �. '...'"""•""' ..;� 1- Santa Clara D X X X X r G X X XI Y ••----' --.. ��SArta X X X G x 9 1 X Santa Fe�Sprinr3_ 1 1. 1 5 X I G ---. manta Kontc 7 1 x x G _ K X -- MR s Paula W__9anta [Wsa 1 1 9 - Saratoga 1 1. X X c u ad JXJG X "�Sriusalito 1 A X G Seal Beach 1 X X A X X G � ,•�� w'geasido 1 1 Ta .. x X G t ebasto^o•i .. � 1 ,, X X � X G X _ Selma._.�___. _ l l 9 X X a X X' G ' `C terra 1 ad i 9 1 62 X X x X X G X x I X X X X G X _ X X X_ final Hill 1 South Cato 3 1 9 Y. _ X X G A p., yg 7 SUMIARY OF CONTRACTING AGENCY BENEFITS Cities i 4r ,! .� �'`r,', t inal Post Rot, Miscellan Safe General Death Date of ty omp Name of Agency Contract Members Members asis B npfjt;A I "", � 0, C13 C 43 43 Ln 43 to 43 Ei CO 0 0 42 - CO 43 03 1 41 0 '41 a L) 0 QL X; U a -g, 4"'o- ri iv 9 V, III I 3 cp, I 7) W—Lcy g r, Pit :0 1 City of rq 0 MO 04 -i -4 rq H >1 fn a a.PC South Pasadena ---- 14 5. 4dl _4d- -x flr XI10. 34371a;c1scu —'91 =r ,; ,.j V +1 xMAI 9 .ire I 1Z. /56 U 1 dd x �—y 'ov t A p A I x Tehacha 1 1/614 x x x I TrasE 10 1 X Tulare X X ---Up I _a". x xjxj Val UO x Ventura 0 A/4 x x x �ornoni" x T YX X- 01 1 . f-I , ata Ilk 1..4 liatdanvill; X 3 '1114D x x 9 �Vlaed 9 1 1 X I Ix x G x T i x x X — will W-8 w 2 1��IF x x Y. — — — i G x x 9 1146 x Ix x -J 'tuba Ciq 71761--11 X ir ij 11 : +HH- Rat. Form 1234-6 (cities) Rev. 2/65 V C' .d i�f'.ltle.�! A :Tiv fi, kyKi p" _7 It 4 10 M A 77 STATE Of CAUTORNIA-10AWD or rMINIST-1— EDMUND O. .Y STATE VAPLOYEES' RET REMENT SYSTE-M 14"o 1227 0 STIM. , P.O. SOX 17j3 34CUMENTO 9, CALIFOINIA ,i' STANtl1. OM& 1w '.,�- " I OnO FALOAUo, Vlt USttk MiSLOW Rep' to Section 2, NAIL ChAW10H DONAta GAIIAouw- A- W. "Jot" MISLOP October .1963 DICK43D A. Ljrse3 tucy L R11TIR 4y 0. GORD011 MDALt JCSMI WYATt, ik CitV Of HUntington Dep4h P. 0, B= 190 MMUngton Beaell, Califor,,j, Attentions lire paul Go jmeLl 0-ity GUY* Dore ?fr. joneas tO YMw letter dated Oatobw 7j* 1 nho%j34 IB* er refar you to RI (11*vm%mnt Code Seotirm 2n56.3,, *ach nermita a retli-adpson to ,err's or :Inter_-upt,,.D.j oflaer wthout reirAt&t�.Mnt ft-oz retirement "'I eleotive of' or wW 3.09g bengfjts. At the 1%3 903311.0 n ()-f t-he Leglalat"rs 11L"190d to GhOw tho ward Flelectivert au flappointive". 00vernmOnt Code Sectiron 23-t% w1w. hw been I-spealed. -ion 23.102,-' Set Tt 1197F) -Dlrtner qudiations t Cb not hesitate to la-itea us. Ver P- tr UY yours, % M ,:17'�� v "I. 'Uf:dt WR M T D 1100FX.,O. B121VITS MVMIO!l M p Joe, ........... �w e' rli/I "'t" 'I.e t . JP Ir let 4� iu l YYC,E � RaC• rl•r. r r � r' . y 1 ��y `i'�Qi' � - .. 1......_._..il.,.•,•t-th.:rt,Y...;L�se.�tikl,aYhd' �+� i .,Ct 1 , ,, fit•• ��� 11 ` t„ �.� •'} ,Fir•• '.i,Y kRi7•. ,. ,} •. •r i.': �•r:: ., p, v:: �F to fl, ®r-z- i }t ^'i'", Jlf,�'•yJ,1 O,J,/1'Rn);'�' �t�T''.' ,•Sl STATE OF CALWORNIA BOARD OF ADMINISTRATION ,�$tabo '91UP-laved I'letivilwit ., 1227 O 2"EL'T SACRAMENTO 14 73 January 14, 1963 PLEASC WRVCT YOUR Rcr:T TO S[CTI:LL_ nxrlR TO Wirmirm AcenuMT Nuienx — • City of Huntington Bench B-L,elosed for your file is a copy of the contract between your a98TIcY and Coateaq Herfurth and England, Consulting Actuaries, as approved by the 3.'. cecutive officer of this system, The contract 13 for the work to be performed by the consulting actuaries in connection with the quadrennial valuation ac of rt�f! June -"bp 1962. r, tr :t 7. �; , Y t�i11 re a statement from ' ""� "f''"'' do remittance is to be made now. You receive � 4 Age �'' c �'�'`'"��'{'' + `,, Reiaittance should then ' "'.i' ; ''; the actuaries upon completion of the Mork. d I� 't t� the Retirement System. rkrt,,. } F� ►};..V,,rl;ryjti�:l`,, ,'•':�► ' e directly to the actuaries an Y0T �t; r4';,Yr+�k�i''�`1t�j, .' �' 'r �r I',ii; j If ., ,I ; 1. f �,''i�� 1•,I r}.'+�°li.} '_t'�+.'� %�t, ! 1 r f '•1r,�xr}`r,h, 1 1'•' ff{, f � / .rr/ "` '( ( , '' Y ,','rI�,' '•' y y�,'y..'�.y. ! �� r; y 1 r.`' I' r. ��� � /% ',f,a1t 7+ tiY1 r F�v,•,r� ;fy ,'. ,'Y��'7�•v7�"pr,�• � �11F l� f :t. ',f , '1. �.I,d(f/%r^+,fA's/ �ri'�" Ct'L`+•',y(/.r !.'.1• } +}t`+, ;,�'�.� t.f � '•V :.',r�+s'I'y rt;5.;" • f���arr, ,'��L, r'��'i�ft�l{,tr: ,•4, ;+.,, rl,�%`,.(�,''• �'� {'n, =4E� � I r• < 'fTMllAS F. riROM d }: `�'��' '; ASSIS'rA1U ACTllAP.Y. f,'•' J' �;='r,4 3 ,• t I 'i� 1 ):,' .,. `•. •',r1 ,r t r `1 t,I '_1.`.1'';.i 1",•.t,J, lgl ,e• f .1'igt"'C f r4•�f, •'1 is t ,''I t ;th 1 r',i':a,{'l+'{''y I;I 'iP> `• 'ir . ,/ f j .S`f.. ll �.(% 1.�f1,••1''`l. r.y ,ft' t ;w.4'i ',7 �( 'i '�I '•'�,; � ' to ,��yy ,,� � i %.' 'r'11 !!r'1/ 1',, / +r �'', •7}. `.,,' . •'S�,,1'�7fr' 1'� F I�ft.�'j`:�, r' ., .t,' •`� '� I, '', (~ ,f� ' ,4 rtyf ',fir 1 . ' i 'M,Si� �`1' 1 j ; � t •'' 'i LS s rr' i,' •�L r � r 11� }4, r,� 'ttt.r , •r ! 1 ` 1�.J . r; . ,:���,f•r.;},rF! %!,.I'ti f,^,ul(rt,i { I},pl, I Y t } '�'') • �� � ' • r r , ,�M;3'!� i tltp,�r'�t�,{t , ,'JyM�'tll,C .. i '{' r ,• ", .L,� �'. ',.,� ••+.' �; •' � r�'i'' � r9t',� Ret. Form 801 (RUV. 12/62) }•:)' �' , f'i-v , +, (, i _. , Vyr77•t••rv•r-"Y/v...r ... _...• .- .-.•. ...,T.._ �(, ., •f'r{"7f f 1 r.� 1 ,. �$ rt r{El ,''}7, � sJ•'1 ' '�Y, •it?t. t•9•r: .,.»,.-Y 7. •.(IS"rr.-.I,•�• -•7j: , .'f'!• 'r, �i{i f'!'(�,.r. •I .rr'f (:' rl t, ' 1 , ' I ! r '!�r•1 �tr , f,'f f 11 j M� f. It, (' f1 , 1t r I ., 1 'l. ,t,�' '�,l.f• `+P}•I.ij �'�il�r�i• Y' � Y 7,'�,'� R , f t' 9�� RT�'.7�1 x + t '�, r 1 r' '•'� ' � . _ ' ' � I! �r�� L�S'�ti�, ' ! A�. t. wyy .� r ,, '` , ' r , I ' ' •y �i�pnl„7i.+L�,•, ! ' ,�yr.yF•Y 7,'�!'�1.F�i�t, { , ' ,, ., t, l' ., , r�`,, t,i r;�t"f.i �''Y'`'��!1 't'p�i �•r. fil r+5 r'i �,f>yd ( .' ' �i'r r� ty '��3 {fy ��}'�'y'Yf1`"'7{1 ' q'1t`�1 11w,, ly�Ye,y f l`°" ! ',�1�. r ' �', J +1, r, _ , , .+1 It r, r� �t',t !(f •!Y n,t+''(! . '�, .,,, �I,ro'y ii 'i j•tr 1� � �': I�t ,.;'i r"!(v:.,;l. i. '�' I I I�''{ ti iI`,1. ' 1 r •t �. .:},rYl+l: ,;' :fy,l�. .''�. .� .1.' it/(/ , ��` � I�•(//(,!'//' {. ,i " i A'�11 � (., ;;,• 1. !'t .1 •7t 'rr •r !- r, 1 .., , »v f , , ' � • }, '� ( r, ! • �/ 1'. •'ryJN)�.tii�a_4M,ii.•i+1Y r, �iw,. Ii•iv /'.�t.�IfM++AL,'�,fJ •� I' .I 1,t,} ,` 1 t .+,. {+a, i ( r ,f, ,r f �',+ 1 t ,' � '' ',, ti+ ,Ir ,I I, 1 i' ,7, r r' 1• j '!1' ' I'• •f r rr t r ,r11' ',' , '.rfj . , •, al � f ' 5,'L ,' 1 1. .t i•C �� � i rl �,tl•,. C,1` I '� `r { „ •� ' •,i,'I' `'� ! ! ,% '1 'I I" i � ,li ,. f ,. ,*..; 1 1' '', , , L, � °It�f ,1 I, -'1' '�/l� '1 FF `I� i,'t ( , 1 ' ,� - ,I ` '• '•/• 7!r I i11'i ' .I' � 1f ', 1• a '`' • `'t ' ' 1�' t't r .1 ! 1 ' i .l' r � ` (' E ''], 1� .i 1'Ii' A' 1 �•, f , ' ,� r '1` 11 , r: ,'.f I •1E'L r '„ 'S .' +'r,f4 1 '.� 7'x t �'i) f�+ , ',. ,f� 1 ; ' �, + ., 1 '+. 't.,','� � ' 1 ,''' ' �, �''7 r r ,'1 t t+ r i{' . I ,,, � ,t ', +' + .t ,i •` rYYtii ' �i.'' •f ° ' 't :`! !' ' '' ! t Ili•! I , t . � if r, 1 {. I 'r � ,, r, � 7 �t, ,' f Y I ' I, !!r .,; t } ,'t .. ,7 f 'y' - '', S'.'' .i �• I'll, r 1r 1 I , 1r yyr 1 ,' , .� .. I • r 1 .! , � `f l: ' 1'�-I '7 n ,' t � „' .. ,r � ,�f, ' , , ' Ir ! `r rr t ,1'• rl', ,! I l+ ' t yy,• , 1. ' � ,� '•' .. ' r � ,i . • ' , 1 , .t�.� � Itr,. r' ,. 1' L' 1 , :1! li'7,+ �i, f ^' A r.l rl'"� r! 1 ' r. ,�� �• 1 1. { ` ,fit ' + ' ,7 l 'lr �,�(` ' 1 a+ , '�'. , „ t' ( r'1 1 , t\'�i J( ' ,') i 1 U , + ';f {j{j' r ') ' ' , r r.: J, 'rl !l. .' ,I •.. f ..1Y:. ) ,i ,, „ , •tI ' r' . la L, ` ,r 'i, • 1 '1I 'r f . � j�f I r r 1. ' , I I ;7 I ' + iI i , ,'r 1'f ' � I `f' . • , .' !,t , .', •'r , ,,r f 1 r:t � .i; 11 ' rr, ,,, , ,tt't' I 1 +, , .. !'t f ,Y ,, r 7 � r 1' t I� t ''' it r �1 r t. • ".r (I '• ., , •• '':•'rYYF,1�1'4 tr�4,47e.r .. ,' i '' ••' kj` '�� r(� � ,r- 1't �:i_z.•..[L..., .. J. z 1 IS,r :;i 't 771 i:{, ,� � !�1 . _. I r. Ir ra vIc .., r'S',C r"':' . . , . . "' rl. •. ! r y r f`` . �, . •�� .. '. r T. ., 11 .rr7��.._ ,. '"k�•: rr ; (;r�.t(A p+�ip' 1 COU �T OF ol.v( t'!^ ,r •.\.Y,' r '•j; ,, 1�ilt Yli rL- r f ;'• "rll. ' W'Tii Tlil; FIRM OF COATES ,,. f��i:'• • �: .rly , t - iiEtiFL'ir TH AND EriGLAh'D, CONSULTING ACTUARIESr FOR lAKIN(G A VALUATION AS STATED ii F,11j BY this AGM714 NT made this lOtil day of uc�r ' "itli and subject tot 1 1 he provisions of the State--�-- -, 963__ , in accordance , E ' the � Em , r. �4 C�a 1C GGlJIJ:xl, i, ployees Retire ent ' o the G'lxi Gi•' iiUll SAW, by &rid between i;';.-'r-',.;t";%'','`�•' �' •'`' EIlGLA?1D Con J. herNinaf'ter re J VU -f:d to .n Agency, sulting Actuaries r�er r �r and COATES iiEft2 Agree as follrn�s: sine. tc refei_•e(i 'GO a3 ACtULiI' ! Actuaries, Agency, and Actuaries44:;;w:•''' A. Ager1C�' Brew retains � t ..�i• ri'•ti �;Y ;`4��ry ` ` � ,; 1, � E herewith it the servicee of Actuaries to rho investi{rtion and valuation r., as of J + r.,i•lr,.• x ,r Reveled at Lew and the tin required by Section 20127 of the State Employees' 'tale �;":v�;f•''.',4��r�;'a''"E�` '� Y4• '• � to Pu Pose of determination P rati ;.. 'fir;f,r� �a,t� ; r °�•• '�4�• `; . _ �; "�1... A Employees' Retirement System of the -:ontribution Board of de bn Ageneyon of tare 8 ncy s contract w1'�h said Boar ions to be Wade by Agent; under'' ;`';.'''��,;��,^• .Tr,.cr,ta;r ; .` d .ir, accordance with Sec 2 Y b tion �.0527 of said Law. Agency's Y'�► I t , • Agency ircontrnct with the Board of Administration ""'i �+ and retired em , covers �u! F1oYees of Agency resent , :a�•, y( X , B Yin 2 p farrr�r, Specified in Co membersh ip categories with b ' > Contract Status Form enefi';s 6s '' :J•=.:`i.+2t��' ' ►.,: that liabilities 55 tached hereto, and Said contract •,,,'1„',1•; r r .,ti_s an ueccurrt Of' lion Provides member puyroll until ricpt'nwli+r .1% IY70•`'f cF shall. ?�? amnrti�ed as t; percentage of C. Agency will 2"!5. 1 e pay a to Actuaries, upon completion of the va such fee bean based an the numbs`r o, persona c' luatio:•r, c B F End membership categories set forth ,•, a'�x��'�r'rr;;'•y=;;,;i1,�,'.{'., - above. Should Actuaries encounter F 9bove. rnSl ex. rrry unusual situation whi ' . expenditure of time said si+ua cb might require an 1• r �i rKr� ,•, .�: r,` ';'. said Boarrl of Administration ' �, tion shall be brought to '' .' 1 :. time expended connection for , urthez• consideration. It ins underatoodtthatothei ,;�. need i �' , '� n cun..tctian with said ununual situation is not ins. ► r' fee stated herein. aided wiCiin the D. Data MlativN �, ,,, •, + 2 ( to hers and retired persons shall be furnished to Actuaries li��rd o haldlispecifyi,n , State to r b� the Enip yees Retirement System a System Ictutirial tables Y t m and the Actuary festal al, s, achedulati of rates �' cf said t ttn nand pr ocedtrree used. The vrrl)ratio , and other actuarial n cf the Actuary ,� n iE to be conductedthe dxrec Y of sc Derr, and a under from Actuaries m to him worst sheets, filial resulreports are to be d'. tF and a QGal with C'tUr}`.'' 7 �''t COrii.lUS j ) A Only io:r o id work. 1 -e•� y thr... � Actuary of id et ° r:c. /,gerlCy shall, 4 w';lryi , Ac l.uari'»s ehuli r'C'i:der tr s 1 c�; Jp ticu sc ry to r+rJrided ^sir i I ' ' ,, yE to e mariner. Act'.Earie,s shall f'urnis:l r n a sRtisfactory and expedi- ' data provided herein B'- d of Administration, }v' l i to be furnished, f ' ion, in additl>=n t iletir�emeirt Svatern's forrlr c'n Fu�?msry in duplicate on the ,r of the results o C 1 ; T. e comPensr cion ; ova, �, I >>lati.en.i tti3de P i !d for ,herein shall i:,_ under this agreement. ,y _ c+ucll su=—f-'I•y is deli�•ered t,o A�enc r•• by Agency to ActuArier3 � hen y the Boel., t � ni:,trat•ion. SJitness Cur h_and,the 'cy � }r � '.1';'r.�-, ,•�'i' any ,yerir first above �• ,+.b . y_ER;'f r Y;'' 'u■ �';' l' U.1T11.. AiM ' n c r •„- 1. r. 'F . ' + r '' *! / ' 1 }` •1 �, 13 /Y7 1�� �'aT: •!J` f tE�a(3r1�� ......��.r..�_ � , t � ,� •t_�"r ,.•�.---•�_._.._..,_, per ' • . ,� 11PEROVED BY r , r c 61 1�f� P /��,� �• � .% , ' iF' Jot y•,71n5kam E. !'a3•ne, ExT;��,i�r`fi^E f ": Titl - ic� for Board of Adr;::iis'trz ticn, State r, p , r. lcyec=s F��rtil•er:ient: System. ( t Attest- '(N l R"' • i 0 / e , 'r,,ti''cY"try.•1'rt•',.,.. r ., ' r ;�, ►.,.'a,;.;1.,�.t:,,31:�1�.r,'� .,/.. .1... .. .. •_I._ ;.;. .rl, .,.. .r". ' ;; _.. _ ,• ....,_- _.,. .., , r .' :! '1 ;' ;' T' };� " �t'', f 1. =1 / 1 �1 •, ,"• •rL' '/ ''� r t•�" 'r :�1• r _ ! f, ' 1,. •', ',' ,'i; ,'1�. `.. +' .}' 1 .a, 1, ,r 1. ,' '1' ;1 ' : ��:, .� 1;•,`,' ' R ti� t• r,� ', '' l::f rl,: '� ,,• �Y',• , 1 1' � t •` 1 �' ! r 1'�, , l.r I' r t F.'� 1 7i d1 'i f�, ,' ', (,' ,?' ;r;�. �► , ,' r.. , rr ,,?r:'r. >.•r � •i. f ,, `�. � � , ' ,, 'irr / r .i, , .� rrr, ,. ,1 1'1 ' ', ,'Jr 1 'i '7� � 'I �• , , ,rr. ,,, , ;'. , 1t f' '/ r, r '!, �' ','r7 �' r r I' r , , ! ,• ) ) 1 • ,fir , I , 1'! r i ♦, �' �,'V. 'A (' ` 1 � ,/, 7 1 1,•1•• l . 1 I r,I1 t r 1 rI .f 1 1 '1 � r r ( IJ, 'rS ,, ' ' / J '� ' } 'I t (., ' � , !' f • r Y-1 , , 1 • `/ ,'1' ' , � ,` ,� r}, rr ,i •r •'y 1 ,lY, ..'r 1/' 1 ..'1� .r. ', 1' - ' ! ( r �, r r, ' +y �}, f {', - 1 , I ': •,» '1 '1 •1' r 1. , r/' '' 'r r` 1, 1 'i ` , I: � f 1' ! E7 , rr ,( '� ,e. , rl', t;} } r `1 , ''}�, �1 'r• 1 � , r" , ,t. tr ` :, .' r , •r> > t� t• , , r ? 'rl, � , i Y '�• '1 ti II L' l` r r ., i (, ( rt SI. •'' ,I + `.'',i. 9r•. E�,F. ',.JTL�.f, d y;r//�'ww ....-,+..{ tt • r •t • -� 1 '.5 �',: f.Y• Y', 4'- it ' ' • � ' ' .. ..., r� 1 .' _. . , . - � rv^i' .sr.....«.. _. .. ..., ... - , .,... ,.. . - ,. Ynt. r.:[.r.vr.: •. ..,. .».... '. H.., r.><,Paa��. ii.!b.h:.:C C�P..'s, iti;y'S;J7 x�'�Z' •�;'- ,,,. .t Cwtirrac.t atet:E a: of ,Jul}'" i962 �._. for iiUNTINGTGli D.��''`y CITY. +_ _,_,.�... �od`..:_t.._,.__ ' 'St- tw.3 rele,•se r oiber Amended: :►-1-,,� 1„ 5720493 or 20580 effect ivE 1 � , 1' oableAlpha . rrl 7- 8 wV-•' -61 I ! t q Miscellaneous Lloca=ie �., s. �. /`r•Jf'�::r',. 1.0 I:OVErage: lay r ,, 1,1{�;: 1.01 SERS since. . . . . . 10-1-45 10-1- } [� ,1 ',' y• Y�1 •' (,:W'f,,,'•� 1 02 5D ' Q �- l.0 ..,. ..•�...�.. �'''';'!t' '.' 411%..: J I siti;,e (JaDiT. �A All) o _. o r 1.Olt Former Grcup A re-employ as 1.05 Refund retro OASDI adj. contr. 2.0 Local -System. . . . 2.01-Ur3e age .for contr. rates. 2.02 Employee contr. transferred •• , `�•, . `� • � 2.03 Retired lives tra,nQi'arred __ ,.,_,. � .,...._.. t� ,., "-__r____.. ,`• ,,. `�' , ,��', ''�, ' 3.0 Retirement Formula: � 3.01 Basic Forwala . . . . . . . . 1 �' ?, Q 55 FF 1, c K 3.02 Percent for P/S . . . . . . t 00g i00 t ].00N .; ;'f•�i, �3, : J 3.03 Misc, PIS improved 3"014 Minimum Retirement Age. _.._ .� • �- 3.G5 - Minimum guarantee . . . . . 0 r s 3.06 t• o4 1st $ for OASDI from t; N1N,,2n 441,•; t:�'„ `` , 3.07 until _ --•------_• .�..• ,:-.: 3.08 thereafter ].st $� to. - - ;� 3.09 thereafter 1st to. ..... - • ;c`,,� t_: .,•.r',,t`.�J� ,It t i 3.10 Ordinary dizability formula 5 _..._""g r d 3.11 Disability limit (seat ) 212 i F� ,_.... 212°7 �,• 4,0 _Compensati.00nn Average: .� •i.01 For P/S Deneiits. . . . . . . g „ H..... l :t.02 Foi- CIS Benefits. H Fi i ii g. �� + 4.03 Gr. since (date) or-5E l-i-fin 4.0a Include „vertime. . . . . . No J -- Yo -- •r"U r,o 5.0 Post-retirer.ant Death i3enefitn: r i 5 ... f'. .01 Lump . um.1ttYJ al100 �{ { 5.02 1/2 continuance (21264) 10 6.0 Pre -retirement Death _- ._._. !.'_.. _ -_-i'• I' I;��`� n _ en h Benefits: � •. ':rf1 ft'dI I f i ! I 6.01 Local S,ysterr, conte. credit ► ��rt ,.� ,r� 9 6.02 Loyal rs„m serv. credit ;c t �, 1 6.03 '57 urvivcr (21365.5) si.ncv 6.04 ';y Survivor (21380-6) since a,+ y 6.OS ,Safety violent indust. (21364)i7` . _ .t. ies be- '•r -a .) ). t0 rzZI grow I.0 S ecial oervi:.e:..G h''. cl.�r-nce Snareas�As: 7.01- C S 1;1_, membershi.p (20804.5) 3 1-_:', 8.01 Po mcm�er o:'^.i1u (2'251._i). ;� ' ', .� r �j�L'1•'.. ;-,4'.L�T1r�'ZiP >7✓� »tom r•, ' 8. ^ % $100 min. g ie { 21G 58. 2) !70 }' .<• i' 1'+ 7.03 Mill, 3 Zgey. cost (20894. 5) l rti 8.03 ' 55 to pra-3 y:' ave (2125] . h) "•� i 7.Ou P/, with 10 yr. C/S 208 .? t p� d c' h 7 `� rg n r7[ ` ( 34 ) ._ ..... 8.Gi1 57 to pre-d/-/56 t. (2125'.5)• 7.Q5 1 /; ('rage ocher source (20`�?c) ;:,�;'.05 F:r_' _'0j., .1 ser;-ia:: (2�z;31: 1J�.1j�4 rdyF •#r } i7. t1� i cr 20839 sery icc- (20U40� Z:xclusicnE Fe. Y1emarr.S ... � _..»_-.__w �.. �.. -. • I •'.r" r 1 S i J t f4J:;sfS:�Jr}r'+.i� i :.tf•.,_�l..r C:;C•;,.. 1. 1961 !-_ `1iarws on obo ,1 ti3r:hf_;i wcra lantjft z , .,� 'vim y , r•� ; t 1,� i � :[r.,. 3 4 ]'e C . r_..� � c. t1 i t, prpv' Ad•'rt�"J.ri.+r• -Ct.: 3?T"L7-C..• d .' �1E'.t• PJr.') »56-3 (Re;, 8/6?) ` .. 't, �,'rt l'!`'•,.Ii ' t YYY 1•�rl��' 4 IfR I7 fill , !' •I � r, 'f 1 ;,i .1`1•-,•,Er-. .1. '•t r� ••r +x-"•-.-.^\',K :' :7k ,r�,i':�t-' 'if'.. .=L. L,T..xr ... .�. ,u• +o ., .. .."... :,, 'l I ;,! � � , , �`` �+.:: dlltit�,��t,.,r _`r.. �J:',kr,Jl�,..,l,irdl•R t, t^y,,. , '� .'f .•�•�• r�j` '�I,r •r jj!,''• .`. e_}, ' �_�.. t' r •r 1ti,.rt �1 '' i , '.� f ' �' ,r �7. +� J 1� ' ' ., J',ti • �i•., t�'. 4 ►,,' . fl,` ,�, ' ,•r ,,, rr YyY 1,. ,• J , , .')'r f ,1 � :) . .i lr,'1 ,;, f )''j, i' ) '' � •1. Y. '' '•Y'f(( .i Y, ('ltt';r fi L� ,'+ ;I ' 7 } � ice' , ' t'�.,' d•r 1t 't t I,, i� , r It � •' ' " 't }, •h, 1 .. �, - r t. r, r J f '•(., f ,� I y i I �l � ••' '; �' •' 'tC ' .; +' r l'' ' '' ' , .�1 rt''t ' (•lilt' , r t ( J •,•r ' l,. ,, , 'r' + ' ,,' ' ,', ',, - •�1 , ,d• _ t,r t , ,\•I1 �, l: .t�,f ' - �, I11� '• ', �fr N r. � `/. '. ' n� •� [, •' �l' r �'( � `} 'i' i S 1 ( +t , (J 1�1 .... •i�'}'t ,, �1` ) '-. '. �' lE + .J, [- r t •' , 1 ;j'.) `.'�,t' 't•i �r�' ' , ,.`jt ' ; -'r+r ,,, 4 r (" 1 , ° +ry, l.. 1• 1� +1 t' d' 'I ;,'�' r r f r , r ..' - [ ' ,'.f� �. , '� �', r r rft t "'r.'! '.r.fr „ .t ,,,. :•, `'f, FY ' "lpp ',' 'Y1' +' ' r : , N . A CC, M STATM OF CALIFORNIA BOARD OF ADMINISTRATION We gntploves' laetrrenul *pf ent 121t7 0 STRKKT 9ACRAMENTO 14 Ott 5' c OA;A i4e 00 4 e,c foumn Dean. You" nwnv,.ro sumo. CONTRACT OF HOW= TO MWMVM A=ww hvu=K_ - CITY OF HUIVIN011011i YISWR VName of Public Agency with the Firm Of COAT-T-9a MWURTH AND ENOLAND) CONSULTING ACTUARIES, for making an investigation and valuation as stated herein.- 1. This AGREDWT made this day of he of by and between her afttr re erred .;o (W mica as Agency, and CO_P-T_E_S_-_tt7MFMY- and EN0LMb---00n.Zt—jnL, Actuaries, hereinafter referred to as Actuaries. , WITNESSET.m. 2. Agency herewith engages and retaills the services of Actuaries for the foUVWj..jg is work: a. To make as Of June 30, 1958, with reference to persons wbO have been and are members of the State Muployees I Retirement System with credit "Or ►senpice rendered si employees, t2ie investiga,ioll and valuation provided for In Se,�tion 20127 of the State Emp-,cycos" Retirement Lew, the results Of said investigation and valur%icn to be Lhe basis of determination by the Board Of Adnivistration, Stal DmPloyees I Retirement Syrt%_nj. Of ally necessary adJUStment In the contributions requireo. of Agency under the contract be- ;ween its legislative body and said Board. b- To tinke as of June 30, 1956, such valuation Of FOeets and liaDilities as ma�, be necessary to determine' the contribution vhich would be required of Agency I' It subjected itsc-lf and its employees to certain amendments t�% tht 4 Retirement Law. The Actuaries' reports with res be as follows: Pect to said am-ndments shsLl 0_ None faL"•`fir+ -1 Ret. Form L24-1 Frev.9/58) q zt, .- V.F. 'K 2500 W, JOAO .1.9 f. , A fY�t� i J rr rri Y X7 'off' Y } _4:; r ir ?1 ••� .. • iv, ,.4t.1: , �,�. A °••• is • ' '1 .'My; s,. r � , "�! , set'. ! •''r1 \, 'c:;ii�� ' lrry�ryf1 -t _..a�"..'`� .. ..,{, `• '�J 4. ,`rr�lY�/�, j 'ti yy � 'r ,t�'p ,Jl +��y� y� 'y\ ,y��,�y,. yaw, yp �F.4i••:a::�•.i1i�l-�iri.]'l:.l:...^7.'��'';Yr'-�`lltk'fiR i-`,'li��::ry. 1rr•'�'.��l�t`: :7.T'S-::inYfr�. •e:l i.��:l�Yi+�il�� - r ..'7,d, '!. v 3. It is assumed that the employees of the Agency ere of 3 member classification's and that there will be included in the valuation 11+3 p`rscns who are members or F?ho are receiving retirement allowances because of tatrvice rendered to Agency. a+. Should Actuaries encounter in the valuation any unu,',ual situation or should they be requested to make further valuations of different combin-".one of benefits and contributions, which xig,it require en additional expeaditurn: of time, said eitua•• tion and request shall be brought to the attention of said Board of Administration for further consida'ration. It is understood that the time expended in connection with said ur_usual situation and further valuation, is not included wit.iin the fee stated herein.. 5. Agency and. Actuaries tutderstand that said Boa-rd of Administration will l rnish to Actuaries, the data relative to persOna who are memberz of said Retirement System with credit for service rendered as employees "f Agency, necesuary for per- urtcance of the work descrived in paragraph 2. BQtt parties Also untleYrstand that zaid Board of Adnitaistration will make available to Actuaries, various tables and schedules or rates based on the experience under said Retirement System among mem- bers thereof, as determined in current and previous investigations and. valuations. Both parties understand, further, that in accordance with said Retirement Law, the work to be performed by Actuaries shall be performed under the direction of the Actuary of the Retirement System, and that all data .n connection with said work, including tsork sheets, final results, and reports from Actuaries, shall be the property cf the Bard of Administraticn and shall be delivered to said Board at the delusion of said work. 6. For the full perfarvance and ccmpletior_ of said services, Actuaries shall receive from Ar.,Fncy, the following Pmouists: For cork provided in subparagraph a. of paragraph 2 hereof $ 203.65 For work provided in subparagraph b. of paragraph e hereof $ Total $' M_ Subject to adjustr,'snt on accnur.t of variatior, in the number of employees for whom data are submitted n.; provided in paragraph 5 hereof, from the number of such em- ployees stated in paragraph ?, and subject to any adjustment made on account of any unusual situation, or on account cf further valuations of different combina- tions of benefits and contributions requested by Agency, as hereirbefore provided. Agency agrees that the sum fixed in this raragrsph as c=pensaticn for the services to be perfor'nec by Actuaries, shall cover only the calculations and conferences between the off:.cers and employees of the hoard of Administration and Actuaries, necessary in the perf:rrmance of the work, excluding conferences between Agency and Actuaries. It is understood and agreed that „gercy shall deal only through said Board of Admministraticn. 7. Actuaries hereby acrcr to ;ender the services herein provided to and to complete the game in a satisf _story and expeditious t~enn"-r. Act:uari3s shall furnish to the Board of A3ministrati.on, in addition to :ata provided herein to be furnished, a written si=nr • in duplicate en the Retirer.,nt Syst em l s far': , of the results of the calculations made under this agreement and tre ccnrensstion provided for }here- in shall be payable by Peency •alien such sun my is delivered to the Board of Ad..ainistration. Ret. Fork., 424-2 (Rev. 9/58) 2500 �,4:r....•..... ...�•.....,�... .•.T.. --'..srµs`":_%:,^.r+ • ..." .. rrt;.v^�"•.r...,.-►..•..n..�.•v.r.:...w......+r.•.--•-----...._,... ...,�.....� :' OP r • 1 + 1.+ Ir. J f r 5 { ■ s is ..� yC �. ... f`.r � r 4 r if ie r r {r 77��,�� • � _ ffJj �, * N t � r , s�f t i� ti r: • ' � r' r� r � y ■ 1� �� 1 5 Ab— or i " •_ r a s y, T F t5 , S � .. i .i• r4-. t •r.. a 44/'� -77 r +r+r;b Nw~1>f:"1 i11j7•E� ki�•yy.'' 1il�, ..A ti•' ' ' A>- SJ', � ■ cif yx'��,y �. . C fir ? 2 i 14 i1. • 1� - � I • y ,• i ■ k _7. y .. �1 _, •!• %a te y - , ' -1 .k - .S � F. yr � ■ �. * � f f t y 4, � rrf tip dr' ' - _ r.f ,k� � r '1• '1 � •:tea �a1;.... • t d � } Y 5 .■■r1 '�� ' y..+ �;� to F,,y � � F `a fy, ii 4• A •Mi r I � Nr b�� 'rt , L r ,•� - i 1 i I ,iSM- M A S''"�*$ k�� 40 from then dd y 19580 _ r td apprc •� r T �- rti ''* ^ - { `i'^'3' S } } TUraF"I�' •Y'-` `fir 4 L + r' i 4 - r a, 7 F w r .ram •L '!wt`� �1uirT r or /Z , • f' . ;.. + - �_•+, -Ire• .. ��' ll ` ,_ �r � - - 4. � F ��.1 -� .M 7„..` _ ;*• �y, +'FF� 1 ,' - ,:ii _ • r .•� r _ t _a � .. � - ..- .,,c__ .� +''' Vie" R 1� l� A --r -r Mvvnslm 3-7 4. City of Huntington Beach Cal�f�mtia 1962 Alfred J. Parker 1012 Huntington Avenue Huntington beach, California Dear Sirt In the pa st few weeks the City COUhOil has considered the petition Presented by you and *1gn*d by sever3l other retired employees I-Oquo2ting an eiLendment, to the City Ratire,xint Contract to allow ati increase in the pension amount. At their regular meoting field June 4. 1962, the CouncJ3 denied the request an being contrary to good policy lit Mmicipal managemont. Sincerely yours, Paul C City Ci -�r PCJ:ed :4 4 � •Y' '.f 'r' F' ! 1 i ,y — .r {fix.,. 'Y•a4,;� .Lr,ry�� II�� I, .,., ,� t .i i. .5` r I .y !]1'F7•i,k"FT,Nrr r��ir�,L ��4YIh.�)tL.� { •iYNoi? r'1' l,MF i '�7{Y•(l �l iLLLLs �.: w r t� ,, i 1 .. . I r r" �f l" { 1'il� r::� f• j�j. i y } •+'i.; � .;A,X ��,, f ;J. `' . � .3 -.. ��' `'� •w ��I i�;'i41j�ti .�: , r .. !� $.,• •r _ • jt'''.J ",,/ Sri,• +.%'�.{y♦'• l: f .f �'iSI�V 1 rWf- �. • � "!' h+, %y r'...'+..-...�...a...•4�r.w+Y,ngesr./IfyvV�7t�tff/@,�rw• .. r '.F.74 fy_ f. } • .�1 r Huntington �3sach, Calif. 1012 Huntington Avenue 10Aorah1e Usthlers nf the City Council Huntington Btach, Ce,lifornia Genilenans As the cost of living has so greatly increased since my retireaent, I wrote to the State Employees, go. tirament Syst" tc $ie if an increase in ► pension*aa possible. In answer to may letter, I was informed the City of Nuntlugton Beach would have to &send its contract to provide an adjustment 1.n the allowances of retire,l son bars. The City has 9iV0n. various raises to the diff- erent department) to cope with the high cost of living Is these anything that can be done to help the retired personnelf Than irLg you for the consideraticn you give us In this matter, Yours very truly, 42 H� Alf d J. r :'.R? :.sty ,�I,• ,,`-�{kJ#+'•,�.• : .. • -a • -a • .P,r �,+ '. r. Y' • � .% `' .' .• . y.�.�r'. 'yi �Il� ''1lN ryi� Ji �'`y�,� •1 ,��;ti� '��f , 'j'y' �' 1i�;� ��. ,yi',y'lt+r •�,r3w��+77tr',t:t �.. `�.� ��,r y�,r :14ASL.k , r (YY', i�c ,.'r, !•. l'r !y Yr t t, . 9 �'•'-, ;'/'. ' . . - ,.,.L.r_.. Y ` Jam` 1 C. *""toy. TwsrateiMT iYAN1..bt Alf 3r%b- 1k. FOWL4R, T1ti P...1Dt141 +' JON" IL CA:;R Rortpt 13. COAT om PAtOW" HAROLD H. ROSINSON ThOUAt A. MAD ID. 4OR00q TVNDA" STATE OF CALIFORNIA HOARD OF ADMINISTRATION Ina? o STRIAT 5ACRAMENT0 14 "robe r 289 1961 Mr, Alfred J. Parker 1012 Huntington Avenues Huntington Haa chs California Dsar Mr. pariter: WILLIAH IL TA%'Rt Imufl,UTIY[ _O►P "R I.AWRtN Cw HAI6MT ACTUART EDWAno K. COOMN A9910TAN1 tzY.CUTIVt O►IIC" 1'6iAriA D1Rt'OT YOUR RIWLT TO WC1 01.�� Rg a TO Ftegmu A64OUNT N :V"R— your forgoer employers City of Hut:tingtan BoachT would have to eurea its contract to providean adjustment in the a].lowgwes of retired members. LH,/cb Thia is 3n reply to your letter of November 1s 1961. Yours truly, "may R40; D-. MOOFS CHIEF, BENEFITS DIVISION ' • �• �} 1 y;'i A yr , ' �' tit V•C ' ! 'Y- 1 + { n. 3 v s' � rr. { ti dre •,' i�a;5�yrt5'.'' �� �y4 J •,I , •" . i . •r ri�rs'h ' , v +, +, r t ,a �f•I ... r V t �Y STATE Ma-.1*L0YEES' RET➢REMENT 04-z"TEM SACRAMENTO, CALIFORNIA contract D F-T V r- eX STATE Et4F't,F-F-:I I RIETIRKM{ENY WeAl lEm _0ITXC_0_UNaIL .........»....__.....-••NAuL or LLGIIIATtrC $opY �w c:r OXTY OF HUNTINGTON MUCH ---» »• NAmr or MUMUTAL r—U&MRATION AND TtiE BOARD OF ADMINISTRATION OF THE CALIFORNIA S'I' iNTE EhOLOYEES' RETIREMENT SYSrEM 1iiA 21Ent m:sie this _7�? .day Of .... ..POtQ_�@I` _ _y _.... 194_i�..., b and ixtvacse t6 iie'&Ltive My of--- _._.._._ __— . Nkm d Maricipt: Corpwotim hcmzfter reftarred to;,: "Gty," and the hoard of Administration, California State Employeta' Retirement System, 141wfter fefftWA to as "Board." Wr rmr.ssimi In consideration of the covenants and agrcancnts hereinafter eontsintd and on the part of both pubes to be kept and perforw..4 Gq and Board hereby arm as follows: 1. City is to participate in the Sate Employee' Rctirc,,:nt Systan, subject to the grovi:ions of the State Lnp!oy=' R.Kir melt :act. 2. City slull patticipate is _aid Retirement System, malting its ernployms mcmbcrs of said System, from and aftsr— October Ist 194-3 3. Empioyces of City in the following classes shill become members of said Retirement System in accordaace with the provisions of said Retirement Act, membership in said Retirement Sysum, and subject to the further excursions from ctrbcH-iip in the text following s:ntrnce: I.' mum of runor-Es MINnt4'tr AGE LUGMLE FOR ULMIUSHIP rOR VOLLNTART MAJUS 3F E,1IMOVUS SLt}'IU ttT:1LNL1T 0etober 1 m-5 a- City Firmien• = d6ined it: Section �0 of the Stitt Employan' Rct;rement Act k Gty Fo1;ctttxn, at defined in Section 8b of Q tl:e State Entjtloy'eri Retirement Act . . .._ . . --- ..., .. ..-- _ . .. .. . 55 r r•,cr t', M . r A-. FaTIcr:rs ether thin City Firenrn sn.! Gty �pp ' I •, '+ As p of;dr3 ;a the Ra;tenient At: i :; 1 : t • ..1 xrp Ypht(,t.T.� '�. .,'1. _ , .... ,.4• "}i.. .. .r.'::�'�f�,.. •.ia,,w~a�e�np�'.%''rM.Vti'r,�•�9.7.�rIh1�: _• _..1'. rr >,'% .'tip r4 ;.r , Il •r 'tij ,•,r`�t 1 R•i 2, j 11 y'•, ,6' ki,�y�s4•.�,i9��'[�,1'r '' 1:' t.. ..' .i';��.^/:;r�.i�,;�y?i��:�eiY•ua`��a �,, ,�;,tl,��,•t .1'S. ;:r:.r-. ;:�,11: �` •r�•.;+�;` rY.l eta , tl , t •t r c r,C f'µ' ' •�vr:� y �wYp� r`, `�':."� :. , t f - � tl . , r I i 1',"i �1 40 v. it a�•"v`,4r i f 1 . � ' .. r p• Af y , �. rfi l�°� •r � oar .A'- i is •'� 3y ,r •r v ,y r y• ., _ � .,S �",r ¢ 1j pp�`��+ 1�,{�j�'Fi'J`�•i1, 'v 1 +� r, , M �{,''i � •. �'• ', ... �-.w.r++Y1ME6nYD �.�:'a.': r.'icti•..�'.•!?r°f.��l:'f:�J%.f:,fu?iF'.('L�:t:%Tii.Y»•��.... G�: G>'�:.. ? �?u.•.: � 10/ All ,>' �,;+; ;• In addition to the cmplexclud:d from membership by said Ret'm .rre cr, the following employee. ,trtIl.ro: i bccor,,c members of the Reti:emcut System: "'��► "Yee ..��, .";•�: a s , NO ADD]:rrY0M EXCLUSIONS t;j Board rnd City agree that, except as provided in paragraph f, no adjustment shall be mxJe in tb: t nounc of contributions v� �•,. ,1,.f provided in paragraph $a, on account of prior service, or in the percentage provided in paragraph 1b, because of Variations in the numbers of employees who beeotre members of said Retirement System on the effective date hereof, from the numbers listed .hove., due to termination of service by such caux: as death, resignation or discharge, of the employment of individuals not included in said numbers. ` err(,,{((••!!!�_i�f^f^f.,,,.. _ u 95 ��`FFv YY 'RAI' 4. Ber.efits an account of F-ior service, that is, service credited hereunder ae rendered to City prior to the effective date hereof, shall be allowed to city firemen and city policemen and to other employees, only as percentages of the respective average salaries specified in said Retirement Act, for each year of such service, and sr id percentages shall be equal. to Mg —per cent of the analogous percentages now used under said Retirement System in calculating benefits on nccount of prior service, allowed to members of the California State Highway Patrol and to other rnployccs of the S►ate of California, respecti`rely. f. City shall contribute to said Retirement System as follows: s. i'tte sum of ;_9-F66a. lraxsr tinnum, payable in oqual monthly or less frequent installments as Board shall require, for a period on account of the liability for benefits based on service rendered to city prior W &,.e effective date hereof. b.9.!.)— Ar cent of total ulrrries paid by C.i:y each month to itsemployees who are numbers of said Retiree rat System, provided that only salary earned as mernbcrs of said System shall be included in said total salaties, and that employees who are memir rs of said System shall include employees wllti become members upon the egective date hereof and emphoyen who become members thereafter. e. A reswnabit amount as fixes! by Board, payable in equal monthly n- has frequ-nt installments, as Doard shill require, to cover the costs of administering said System as it atfects the employees of City, cot including the costs of special valuations or of the lxriodir 1 investigation and valuation required by law, ptuvid:d that said unount shaI! not exceed 3_. 2a.f . -__per tisca! ylsr per member, on the basis of the number of employees of City who are members on July Is: of the respective fisca, yan, or with respect to the first yar of participation, on the effective date of said participation. d. A reasonable amoua! at fixed by the Board, payable ir. one installment from time to time as the occasiom arise, to cover the costs of special valuations on account of employees of City and the costs of the periodical investigation into the experience under said Retirement System, as it affects said ernployms, and the valua- tion of the assets and habilitia of said System on account of said employees. Contributions required of City and its employees shill be subject to adjustment by the Board of Administration an account of amendments to the State Employees' Retirement Act, and on account of experience under the Retirement System, as determined by the periodical i.•svatibation, valuation and determination provide: for by slid Rctlrcmenc .!Act. 6. Contributions required of City undox paragraph f immcdue-i rely preceding, and contributions requirof City's employees who one members of said System, shall be paid by City to the State Employees' Retirement System w•ititin thirty days after the end of the month or longer period to which said contributions refer. If more or less than the correct amount of :nntribution required of City or its employees is paid for any period, proper adjustment shall be made in connection with b-City suegcent remittances of the to the Board, to rectify the errors; or such adjustments on account of errors trod: in eontrbuticns r, quitrd of tm, icyat, may be made by direct cash payment: (xtaeczt rise employee in connection with whom the crro- was made, snd Board. Paymcnts of City to Beard tr=y be made in the form of warrants, bank checks, btnk drafts, cc tificd checks, money orders, or cash. 0 I 1 i 't. 'S l:: •"h1�p84sfonrs*w.w ,,.......��..._._.... _ ._.........r...,�..—. .... _._��_.—...-.. ..-�.•�•r1,,,-; t.,_ .ry",-`-..R� .`r, 7 ,. y.,y,- ,w•...•..r..'++�.,.......�•. 71 G. T 107 t .�� k'•e�tri-, ;` . i y. ' ii r ! � + .. - + r'' � � r � '� 1,<1�yI. V I Mill. T- -FXM of Subdivision, who 1jecoran memb a , MF1 %'*1 11 t 7. The provisions Scccio of the State Employert' Rctircment A92 ........... ... ... .... . .............. applyRetire dent to employees i. of said R rive to of the of cAhwn;t, . taAMMM.19 . %Ilid on wvdv 011semd to na Aft fflsihm at said hd he iudu&d fit uW who bermes it of MY, Mc iW16"S k-r, PM" thot ad V6 numbs' of WITNESS OUR HANDS the dAy and year irst :hove written. WA 109KC to C6 Ant te.okic u the omfkvs M cou dw r"• " Nunn of US; 14tin Dad,UPkT9M Md UN VJU A of Admin7wention on des Rctimmunt syacrn, Mwc Act. u6nm "quind of city's :1r. *rVW& WK*t thirty tlWA,4* iw:v,-t R:mv=t QW-k ices r-%Mc=t;on with �ccuw 04 * enon Wadc in aCOMAPetkic with M"lorn )2*k ducks, basins drain. City of H=tlngton Beach .. . .............. rJA[S of Ma ki.%] Crrnd� MARD OF ADMINISTRATION STATE EMPLOYEES' RETIREMENT SYSTFM AT—LLST: ---- -- ...... . ...... Sceirlary Preldriel, 110.1d of .%jorinidr4liox 7qqord; lrWA. -4•Y040V9 pr ~. use 4.41 rw Spa .1dip- • ! r '!. . f M Y .Ay .p 1 / x1 t f I ~ RI STATE OF CAUFORNIA—BOARD OF ADMINISTRATION ROW.LD REmGAN, Gerorno► PUBLIC: EMPLOYEES' RETIREMENT SYSTEM 1416 NINTH SUM. F.O. bOX 1997 { �ACRAMENTO, CALIFORNIA 93809 EIro,& mrrcf Your Rep1r to Sect;on_.� _ Refer to Mrmbir Ac.ount Numbal__...•_ September 30, 1970 «' n; Attached is a su=ary statement of legislation, enacted at the 1970 Regular Sossion of the Legislature, which relates to the Public • ftployses' Retirement System (i'.?;.R.S. ), the Wyers-Geddes State } Employees' ASe3ica1 and Hospital Cara Act (?Myers-Oesides ), AM the Old -Age, Survivors and Disability Insurance enabling legislation (SocAal Security). Unless otherwise indicated all legislation is effective and "- ;• ,_; :_; '.' operative November 23, 1970. WILLIAM E. PAYNE, EMCIii OI1` = X. Attachment 1500 '`n;��lrii ;'yV ) - ,•7'- _. ., [�•''r.�`ii':l.:l.=•rf fs"sAT:�'MT•�n'..r....-+---^- -^----....� • �+C' w � � � . at • � 79 ' •'� Pik �t k 1�0 ,n 5 , ;� ' aft }: 3•�•, '�• v'.f f • • 1 f r � r� • ` ' � �i l� 'JDlp6 4 `idtl:a?'t}c�.�yt "li-A 110, RVI PUBLIC EMPLOY ' RE'rnW4WT SYSTEM SMVAF.Y OF 1970 AM DICE M ;A RETIR NT SYSTEM General. Administration and Investment 1. Provides procedure for and effect of termination of a contracting of-may's contract, where agency elects to participate in county retirement system. (Ch. 676 - AB 529) 2. Authorizes administrative and interest charge for late reporting by a contracting agency. (Ch. 435 - AB UB) 3. Permits Board, on member's applinatinn, to not adjust past underpayment f,•" in member contributions, if member has not provided misinformation and brad i no knowledge of error. (Ch. 1049 - SB 344) ' 4. Authorizes Board of Administration to enter into reciprocity agreements j with public agencies =Intaining retirement systems. (Ch. 837 - SB 666) 5. Changes governing body voting requirement for approval of a contract with f a public agency baving a local tsyntem from two thirds to a mmajorit" of 1' its members. (Ch. 1151 - AB 178) 6. Act maintaining Goverrmsent Code including corrective amendu:eflts to public Eacployees' Retirement Law s*d Legislators' RetirementLaw. (CYm. 3) - .i9 1230) Y . 7. Provides that louns secured by real property held by a savin,p and loan ussociation are legal Investment for a pension fund and mm&y be purchaced directly ircm the association. (Ch. 921 - AB 1302) Membership 1, ..-.. Includes custodial and parole personnel in Departments of Corrections and Youth Authority in law enforcement member category with "2% at ag: 55" S formula and 7% member contributiou rate. (Ch. 160Q - AB 245: Operrmtive 7/1/71) �. 2. Provides a at age 55 service retirement allowance formula and uniform A' ��.'. 7% mmk,mber contribution rate for forestry mrcmbers. (Ch. 1311 - AB 303, Effective 5/21/70; 0•perative 9/l/70) , F `�+ 3. Persons who are members of State Teachers' Retirement System who enter employ- ment of an educational nature in the office of the Chancellor of the California Community Colleges are continued in rcnibership in the Teachers' Systems unless they elect to be excluded, in which event they become ,w bers of the Public Employees' Retirement - •';,,'�•,. E�mp ' Systems. (Ch. 1�+01 SB 141?) � ,..►�' '. 2' �..,-..--...«rra.'+�n:+sex'arz:'.Ys^.,.� 'iSJr•. ... .•fl �• .r°� �' • " ., .. ,. ark• .r+....rId M IR A r- r A �f 41 •}~`�� �' N �LY1i/MiAia,q..LWF•TI'ni'1F/iZY't.M«'J'-salb'r+!]�.t32i.•'ra'!•':is'.Si.r,•.•,-./:�r:'.:`.:x'�y:.�. .:r• ; /C.'.'. ,,: a::7f:I::r�i:L' 6• a , ,. •�'�. fir•,. ' -r Ire ' �;'�,:r• 4,• F�•.PI R � r �'.. � •H �. •� Yr � f . • r �7�•��'ti7 tt• I. 4� f[ i ' 1 Nozbecahip, Continued k. In addition to ocher unrelated change;, in State Teachers' Retirement; lAw, provides eligibility to member:+hip of school nurses employed for less than full time but at least 50% of a pay period. Applies to nurses entering employment after the effective date oT the bill. Nursing service already 4 credited in Public Employees' Retirement System may not be credited in Teachers' System. (Ch. 466 -• AB 1222, Effective 7/17/70) • Service Credit ' 1. Makes provision for entitlement to prior service credit for local 7_7Z'bere uniform with State 143mbers. (Ch. 497 - P.S 527, Operative 12/1/70) 2. Permits contribution and credit for "war relocation leave" for a state or local memoer who returned to Systiem-covered employment prior to July 1, 1947. '. (Ch. 1059 - 3B 583) ;. :, Retirement — i" 1_1 1. Provides for industrial disability retirement for local mists members at the option of the employing contracting agency. h. 1361 - AD 1148) 2. Prohibits separaticn of a member for disability and requires instead employe --Is application for disability retirement tuiless th 3s ineligible for, or smiva3 right to, disability retirement Ch. 1447 - AB 1153) 3. Mandatory retirement age under "2% at age 50" formula esiabli,shed as age 65, or earlier completion of 20 years after aee 60, for certain local r=z"Jers having less than 20 years tf service when agent.,, adopts the fo .,� only at option of agenc;N :.ni For five a��srs after adoption. h. �._ �B7 IL Effective '(/b9� 70) Retirement Allowances 1. Modifies provision for cost-of--liAnv adjustment of allowances by changing base year fron second yea-- follo.,. ng death or retirement, to year of death :► ` • 'S:;:., `'' ''':;,� � or retirem,: t a:rd b,P increasing percentage per yyear aucumulation for 647 :?4c y , purposes of maxirnm n_ eriait ted ad ju•-tment from 1�, to 2tb. (Ch. - AB 3) 2. Pre Ades thkt* �,100 m_nirtra guarantee provision shall be sole minimal ' :' ,;A ., 71„.:•• ' guarantee provision available for adoption by contracting ag,;ncies. (Ch. 457 - AB 527, Gperatiti•a 12/1/70) ° 3. E:ctcnds provision governing calculation of retirement allowance on retire- ment after reinstatement now nppl_.c^b].e to miscellaneous membeia, to all • members. (Ch. 453 •- AB 528) .Ifs t. i�•„�_._'-_ _.--__'+•.., .+•++ww r.+s'-.,..•••.: ._.. .".. ram-. i.- .. .---s�'. a•• _ ..-.aA"e!L*1.'�P•.ti nue..«�..•..��, 441 1 Al +"I .,;LW !4.16 R a 9 TV- 4tij ,4. jj f x 14 f h, ig "P y - Retirement Allowances, Continued ITT . 4. Provides that 112% at age 5011 retirement allowance forma-' a and related member contribution rate may be extends, t2_VL"%-- .QLtsemen, local firHmen or lifeipjards separatelf-TCh. 1407 AB 1261) P-,. Provides a a a IlligOth at age 6o" formula for Joe -al miscellaneous ,WW the System at the iption of the employing contracting agency. Ch. M - 3B 00) Death Benefits 1. Provides feti paYment of certain death benefits to specified survivors Q a member's desiguat:lon is not in effect at time of death and for voiding a3zent of age, dissolution or aun, designations up on subaejuent merri 164 . �if Z AB 15 marriage or birth or adoption of a child. (Ch. 568 - —a-C&C Inrrt "I 1r. L-C llaneous itembe;*9 Provides one-half continuance al]0 at option of contracting agency Ch. 350 SB Lyfective 6/1/70) ey. 3. Permits a conto end contracting agency 1 0 nee allowance t aeparately, to policemen and fireme h. 719 1 Al 2OW UCWe 8/1.3/70) SOCIAL gfgja1_TY 1. Defines warden members of 'he Public Employees' Retirement System as policemen for social Security coverage purposes and rer,oves retirement allowance and member Pontribution rate modifications coordinating with. Social Security coverage. c'nutingent on Federal acceptance. (Cr. 1626 AB 1150) 2. Definition of "policeman" for Social Security purposes smended to include law enforcement members of the Public Employees' Retirement System employed by the Bureaus of G.:urinal Identificatior. mid In-estigation, Narcotic L)aforce ment and Criminal F_ I rcement of the Department of Justice. Contingent, on .0 Federal accep%;ance. (Ch. 708 - AB 1924) Ll MMERS-GEODES I Increases raximum employer contribution to health benefits plans from $81 according to schedule increasing ;.2 per month each fiscal year., to $16 in Fiocal Year 1.973-74. Provides for reimbursement of State funds for increase in Fiscal Year 1970-71 from State contributions In State Fqplcvees' contin gency Reserve Fund. (Ch. 212 - AB 356, ESfective 6/17/70, Uperstivz 7/l/70) 2. Permits use of employment in which contribution was made by employer to t 40 1 4 '6e je. Q_ another pLAn,to meet six monUis employment req"rer-taiat for of employer contribution. (Ch. 1177 - AD 1616) 1� 7. AU t 71 �!• r f� I,S/r�rF��+ JI •''; r • -, - ..•. ?��.,yf�+i i .,+��+EJ{' ��.Yjr{i,,, �+ oz AL T SL rr;Y. .,e wj Y 4�v 3- 4uthorixec Board to contract for compreheLsive plans without limiting such plans to pctraona also enrolled in basic plans, and to fir notice required for termination of contract participation. (Ch- 356 - a 2o51) Al. t 4. Rewvea inelWbility for enrollment in health benefits pluno contracted for or approved by the Board, of State employces who elect erLroll=ent In I; "t out -of -state plami (Ch. 1052 - SB 435) 5. Permits contracting agency to fix it. contrViutions to coat of health A4&411at it in not lc3a than the amount aracifled in benefits I the Act. P �Ch. 'r24' - $B INV la F T.� w i 4 1 CA IN 9/30/70 7 1 1 Wgi 4, Yt I YIfk t _ ' � !T � � • • 4 \ , + • ` � •! +R � 1 , J _. a Ir T ' , Cl,-� „/ ,,. 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Air"" I�i ,. • � � �� ,.'; � STATE EMPLOYEES' RYPTREME11T LAW �'�f• �.,��.��,�; �`�'' � rP� PROPOSALS FOR 1S,67 UZISLA7r:011 .;'t' ,f�g:�r •";, i'", 1. Fi1!' 'A: t'X'„f. , y'.'. . 1,v+' :,', T' The following proposals relating to retirement are recommended for inclusion :d in 'the Boarc:'s legislative prcgrAm for she 1967 General Session: DEATH BENEFITS 1. To provide that the percentage to be added to the special death benefit in the event of violent death will not be applied to any additional contributions or contributions in another category of membe:rahip included in that benefit (Section 21364). Additional contributions and contributions in another category of meaber- ship credited to the member's account are paid as an additional annuity in the case of an 'industrial death. However, it is technically part of the special. death betiefi.t, and the violent death prov$ lion which increases the special death benefit by certain percentages could be construed as applying to the total I%ayment. This is contrary to the condition of the provision for additional conttributiona that such contributions shall not require additional contributions by the employer. Thic provision was adopted by 1965 legislation but vas lost in the chaptering process. 2. Terminate payment of the special death benefit to a child upon marriage of the child (Section 21364). The additional amount pays -le as Mt of r;r this benefit in cases of "violent" death is terminate u --- d upon marriage but the b port -ion i s. �'. •' f r basic ��or a not. � . :Y'• •� '` '.,�' �' �'' This provision uas adopted by 1965 le&; ',,, tion but 3 in the was lost chaptering proueos. ' 3. To provide eligibility of surviving dependen' husbands of female safety members for the special death benefit. Such eligibility in already pro- vided with respect to the 1959 Survivor Benefit. It was not a part of r!! . the ,System's program in 1965, bat legislation to accomplish this, which i.;', ', ':''';'' •' ':' ' %as supported by the System, was pa'3sed but was lost in the chaptering process in 1965- -1- ny 7 TA I a 'c To requirc that a stepchild have been living in the member's household In3ified for the 19 ionsdip at the tim? of death to be ckua parent-cUld relat - Survivor Benefit (Section P-1382). 96 This provision was adopted by 1965 legislation but was lost in tbo chapte process. To renAdy a *%-Acha cal omission of local members in proprovision for death be li coverage uT a member continuing contribution while absent on ritarn aer orga This ranui-2te! from a reorganisation of the sections relating to ateences becauee of military service (sections 21360, Z0891 and 20891-1). Is Iva, 3- a 59 ring fr'�° �1�,{' ,r Befit vice. V IMIREYS111 ALLUMICES 6. To combine actuarial diocoant, and improvement factors for current and priorf sLmplificatien and member under - service. This is proposed iu the interebts 0 standing of benefits (Sections 21251.1 and 21253) e offsets against Y'A .1 d Diaability Insurance i'K- 7. Ti provide that Old -Age.. Survivors an "X.,A, industrial death and disability benefits will not be adjusted because of changea in OASDI benefits after the benefit becomes payable. This trill conform to the policy of the 1965 legiclative action on OASDI coordination of service retire- 5 and C-1364-7)- gee,, at '400.00 (Sections 21293. ment allowances fixing 11covere& va 8. To clarify the 1965 safety member-OASDI coordination formula so that thr.- "Al to all safety service of the member who is covered modified formula willapply .1160 provision t Of the 1/go followed tLe forms The legislation undvr CASDL d in contracts and d and incorporate 4k- Nivereas the proposition approved by the Boar 1Y to all service of should app- contract amendments was that the modification 0 such a member (Section 21252.45)- e available 9. To clarify provisions for temporary annuity so that annuity will not b le to receive qn QASDI benefit of retirement is eligib if a member at the time be construed no either o or disability. Ube provision now may n the basis of age is under age 65 even though be f the person permitting election of such annuity I having attained f disability or havi because o in qualified for an 0.,�.9DJ benefit either bec. age 62. Thic provision was intended for the benefit of per retiring before t (Section 21338)- they were entitled to 01) OASDI benefit ators in Sections 21251-1 and t end improvement fa actuarial di: f%a To change au X,: 10. new mortality tablefl d on basis of n e with those fined by Beard 21253 in accordance R CREDIT MEMBERS Mg. CE e who electe& by a State emploYe of membership 11. To remove provision for electioncompensation exceeded that his excluded from membership cn the basis (Section 2o362). k to be This pro -vision bAs no currentP_ $416.66. application(S 102. To permit former legislative employees' who did not elect wembersbip while in Ilk. contribute and receive credit for such service it ment, to elect to such employ. would conform to provisir-ms LIN., 2.1. they become members in other employment. This 0804-5)- having optional membership (ser.tion 2 f relating to other persons -2- IM 'p ltww, V V 0 Si j SA i .:r::.' ,', i, xf: ,...i r�r. .!:�1•f:.,n,.....r:..�.,....,,....-.�..r....• . ,.. ..._ .... .. :,A 'UW 1.�,.i V-1 %�,t) �,A-z J.'.; wiwln ta{I�XA-Iit� 60, '1011S COYMBU1 4 13. To acc,,,mp31.sh a technical correction in 1966 legislation providing the one -ball pay at age 50" formula for local policemen. The age specified in be employee rate provision should be 45 rather than 35 (Section 20601-7). under an 14. To clarify provisions for payment of any balance of contributions IN election to redeposit contributions at the time a special death benefit become payable so that only contributions relating to the special memberehip category (section bav:Lvig that benefit will be collected by offset agaisist the benefit 20685). case of a 15. To clarify provisions for miscellaneous member contribution rates in new contract on the 1160 or modified 1/60th formula. Technicallyj the provisiou s now relates only to contract amendments changing from the 1/70 to 1160 formula (Section 20605). in the pro- 16. To include policemen subject to the "one-half pay at aee 50" formula vision for special computation of member contribution rates upon movement xrulae. This vas an oversight in the 1965 betNteen the several "one-half psy" fw, legislation adding the formula (Section 20609). to aajust Stcl-? amployer rates of contribution, effective July 1p 1967, 17, Amendment if auy of these require change as a result the State valuation. A 4 -U ADMIES 9ATIOU AND INVESTY-JU Si u 18. To clarify interest rate provisions so that rate of Interest for crediting rurposus my be either greater or lees than the rate assumed for actuarial Variation is possible now only on the basis of the provision for pirposes, crediting interest in addition to the established rate (Sections 20026, 20130, 4"" I IV 20131 and 20132). 19. To implement the amendment to Section 13, Article le of the Constitution perrLit- ting the Legislature to provide for investment of retirement funds in stocks, if the amendment is adopted by the electorate. -tor of General Services for the Director of Finance in 20. To substitute the Dire - provisions relating to investment in real property for sale or lease to the State. I?gialation accomplishing this was pnseed in 1965 but vau lost In the ,haptering process (Section 20205-5) CONTRACTING AGENCIES 21. To clarify employee voting requirement for a contract with a public agency having a local retirement system so that voting requirements will be determined . It •policemen, firemen and miscel- accordin.3 to each of the basic grcupingc� i.e laneous employees in accordance with ccnsistent administrative practive (section 20523). I -3- t _4_ 0 I 4 ,tr� : 1, 4 " �,',V, 1 1 .1 . . V.. •�J. '.(I 'Y"..: 4, F., j IiIII, j, " , I W;1 � - Pi�j 4"; ". 1 ,, � I , . • , '! : �W ��i. A 2 9 'Jo rr %4: q , Pl k � N. . -AN -0V VA o MWELLANEOUS 41 .�P 22. To conform provisions for payment to custodian of a minor,, rather then through guardianship, to 1965 changes in the similar provision of Section 1450 of the Probate Code increasingthetotal amount which may be paid in this manner Prom $1,000-00 to $2,000.00 (Section 21207). 23. To repealprovisions made obsolete by elimination of the six months' qualifying pariod for membership (Sections 20305 and 20306). Recommendations on the following proposals wi11 b^ presented in a supplemental report after completion of pending studies: q 1. Provision for statutory beneficiaries for basic death benefit. This was a part of the 1965 program which was not adopted by the Legislature. Developmsnt of additional data on deathe has not been completed. 2. To r.rovide a uniform benefit structure and uniform employer rate combining assets and liabilities) for the State P;ud school. districts with possible participation of contracting agencies on an optional basis. Development of the effect on exist- ing employer rates and review of all procedural aspects has not been completed. To eliminate provision for adjustment of discount and I rove ent factors up= 3. Mp M retirement at other than normal retirement in the event of future changes in interest and mortality tabled. 4. To provide automatic "coat -of -living" increases based on changes in conn=cr price index. This mat -ter is under study by the Joint Legislative Committee on Retirement C.S.E,A. and System staff. 5. To provide at employer cost a guarantee of total retirement allowance payments equal to the member's accumulated contributions with elimination of Option 1 at employee cost. Development of the cost of providing this benefit has nct been x1W. completed. M 6. To change prospectively the determination of the safety member contribution rate when a member enters a safety nember category and is credited with service in another category having a different target cr normal retirement age. Currently the rate is aet to provide at, the new normal retirement age an amount which, when added to allowance on the previously credited service, is equal to 25% of final compewation. There is under review a proposal to set the rate in the new employment at what it would have Deen, had the previously credited service been rendered -1 the some category. The total allowanc& -will vary to a greater degree from the ?5% target than the present method but the proposal would permit the use _' standard atc cables and avoid special computation of the new C� rate in each case (Section 2c6o9).rr b(. % V 1W I'd 0., J, 3 W At' At At 4 st R4 4, Z tdi f• 41 o Tne f0120wing proposals relating to Social Security (OASDI) are recommended for inclusion it the EDard's 1. Repeal of provisions directing coverage action which have been fully executed by inclusion of the positions In the Federal -State Agreement. (Sections 22127) 22128p A, 22157, 22210.3, Government Code). Ai 2. To change references 11 -o the Federal Social Security program as a result of 1 changes in title and organization of that program (Sections 22004-5, 22012, 2,:-ol6, 22126, 22201 and 2220.1,, Government Code). .3. To clarify authority to include in Social Security coverage "ineligibles" In positions covered by a retirement system after the system has been divided and members desiring coverage have been included (Sections 222C6, 222070 Government Code). '` ��a 'fir }'fl {`"°'r ''' ''' ' `' 1 4. To clarify description of eligible persons in provisions for referendum by dele-o"ing "retirement system" from "the eligible retirement system employees of anirreti.rement system coverage group" (Section 22300, Government Code 5. To substitute "Dep-artment of General Services" for "Department of 1',_nance" as the agency authorized to prove assessments of cost of audits of public agencies (Section 22559, Government Code). The following proposals relating to the Meyere-Geddes State NmployeeO 1,L-dical and Hospital Care Act ere recommended fL2 inclusion in the Board's legislative program for 1967: 1. To provide for aonsolidation of employee arganitation p3ans into Beard health benefit plans Implementing Paragraph III, C, 3 of the Board's 196%' Report to the Governor and the Legislature. This proposal was included in Assembly B132 176! N at the 1965 General Session. 2. To providi fox- State contribution toward cost of coverages under a health benefit, plan from date of enrollment rather than upon completion of six months of employ - Mont Implemantling Paragraph III, C: I of the Board's 1965 Report to the Governo- and the Legislature. This proposal w&s included in Assembly Bill 1761 at the 1965 General Session. v 3. To clarify provisions relating to enrollment of survivor allowance beneficiaries to assure that there will be only one State ccmtribution with respect to rultiple A (Sections 22754(a)) and 22815). benefi inrieE of one employee q 4. To implement where necessary, 3uc-h recommendations relnting to major medical coverage of the Medical Advisory Council as are adopted by the Board. q.. or s N. A. 1. F, I it ij A 0, A 7W �T A. r r. sr f�• ,y r., •'r i 4ri% +�':� iCi ,1 r a � �r ,� {` r4,•'w ,�,: r1 Y .'ter 'C./�� � �� •, •M� t{y. � 7�'• .a r �• 1i 1 'r ��jA.�• � M� �,c,��� y.,:�r j ,4:. � ,1��+34: j/��1; � 4•J . f/ ;M T i rY'F,f iA�yy "'�y� ',(}4(ti ` 1 „i!, ♦y,�y.• 4 r7 1+. J..+. '}rr;ter'', '; !{'�• .77 arr ��, 1 �� F �]•J!Y t •� s r Y .a ��; N ,! f r SIATE 9 ar" 1-0*, •fir b i :, ./,• ;� 1 ni�f 1 d , Of •' ♦ , ' � Says rkr}.,IX • < STATE * `�^ trx �..� ' `t 7 z. o 1 - �r•4 �r SACPAIAENT•, VAIrOLNIA 9560SO''�'�:.,aiLt , ..M1'rh+i ,.: •,i•,� Iha.• Dtr•rf Yowr R•pl, to Isei*A R•f•r fo A4reb•r Attounf Numb*r_______ September 29, 1966 TO: HFADS CF : ,IVE DEPARTME11 M DISTRICT j-,MICULTURAL ASSOCIATIONS l?" '•[,IC AGENCIES UNDER CO17rRACT FOR RETIREMENT COVZRAGE h -_,.LTH BENEFITS CARRIERS USHER INTERESTED PARTIES SUBJECT: MTIVG OF BOARD OF ADM_IT111STRATION, STATE E14FLOYEES I RETIRFICIT SYSTFld. The next regular meeting of the Board of Administration, of the State EWloyees' Retirement System will be held at 9:00 a.m. on Friday, October 14, 19660 in the First Floor Auditorium of the Resources Building, 1416 - 9th Street, Sacramento, California. The Board will be pleased to have repre- sentatives of your agency at '.he meeting. Agenda itemu which may be of interest to you include: 1. Review of Preliminary Draft of Board's Report to the Governor and tre Legislature wider Section 20140, Government Code. 2. Review of 1967 Legislative proposals. 3. Reccmmeadation of Minimum Standards of Euroll.ment for Con- tinuation, or Approval, of Health Plan Con*rfactc. 4. 1967 Unit Loading for Annuitants. f71 WILLIA1.1 E. PAYNE, EXECUTIVE OOFF�FICER Attachment W {y rA�y r r• l � u 4,r rr �, 1 r i rll. I .4' yr'a�. 1000 .. .. -_ •J'-9 t.v1� •r'.1. "1 f`5• +Y rsl. f„ . ...« ..,.... «....«,..,...�.1 ... �...•��..-. ._. ........... _ � ..�p.1�r •• ' �r4' 4'^'' ;;; i' •t lit • i a . , I •,! r 'YF +! }'..(N° •r `i ) ft, l' '• r 1. r y +, ,, 1;. /, .,,..l ICI ?t,�� ".4 'i�, 4o .,Yq 7 jf, A re If 'Q "J SU1,MW OF ACTIONS) GUARD OF ADMINISTRATION *T SYSTEM EITLOYEES' RE111REMEle MEETINGS HELD August 12 Septex1jer 1 September 19 1 9 6 6 AUGUST 12 (RWU1J).R MELTING) et 1. Adopted the foUlowing State's rater, of contribution to be submitted to the Leg- lature for adoption, effective July 1, 1967: Miscellaneous Vjtmbers 7 - 11% $ Patrol Members 1.3.6.3% Law Enforcement Members 23-L M 7% Fish and Came Warden 1,11ambe-rs 1.9.4. Forestry Members 9 lo, .p. 2. Adopted the folicw-h ing Resolution relating to change in operation at the Stake Colleges to a year-round quarter system: RESOLVED,l that The Board of Administration finC. and it does hereby find that the terms and conditionn of employment of academic year emp'loyees under appointrento purst=t to Regulations of the Tiustees tho 11aliforitia State Colleges in subchapter Title 5 of the California Administrative Cod4 amendments effec- tive September 5, 1966, applying to year-round operation of the colleges are not different in retirement effect k 4 from the terms and conditions heretofore existing for ouch employees; and (2) The Board direct and it does hereby direct that crediting of service, deduction of member contributions and determination of final compensation on the basis of current payroll reporting be continued with respect to such employees who are members of the State Fhployeesl Retirement System. 3. Adopted the following amendment to Section 599.6 of ite Regulations relating to Social Secur!.ty: Any member of the State EmployeesRetirement System employed by a school district, but not including a member employed by a school K, district having divided its retirement system pursuant to Section 22157• ;,�A. Ir . ..... . of the Government Code who was eligible to elect to be included in the Fedcral system when the retirement, system was divided, and who did not zq 4W V Rfze,� 2 k I '7 4, A. N 4 V I 4111 In iijjpj�i 111 11�111111111111,;: 1.�I, 7A. 101! 4 M7 0 I fflurn 14 4 ei If f r 1, ,.. • �J�j (1f ", , r'Y,' •'.+ ,.^. ;l ia. ,{Irk r � r,:. 1 ,�,�rf'. Y'}'.''1',�Y.. d, ,1+ ,+• � '�, :r;•, .!t' ''' r;;' I' r ,.'�' '',f'•��`_ �, ��r�,l+y,'j 1, r .', y' r: •f,• �'L y +�.'� y x!� i +;f t''� � ,+ r r �d- i .I r �ti .1' IyJ •.: } f(yf• r,l i..{ r!•4 ri ! .. J .��r' ,I 1'�/1• rr r !, '(fir .�, ./ •t�' ',Y,!•rl i' lr��y+ yt�:�•�ir (. �, � �' •i �. ' ! s I �.i ,r=�3'e ' �� +, 1, 'L,, •,` r+r. {iA'.}� - ty'. �{'��-'1�• ( 1 ffln :t -• _ r ....rwa�.vv.nr.anadara.saw.`ru�ac.!lf�t'iilfs'flASil4k+�l� CV elect at that, time or in connection With the transfer action conducted in 1961 with respect to school members to be included, may request to be transferred to the part of th- system composed of positions of members desiring to be tnclude:d. The Executive Officer of the System shall devise a farm on which such request may be made, sand such form shall be nude available to eligible members no later than October 10, 1966. RR - quests for transfer shall be filed with the Board of Administration and must be rec_ivel in the office of the Board before; 5:00 p.m. November 14, 1966, or bear a postmark no later than midnight of that date if transmitted by mail, provided however, that a transfer request form not filed 'tl-rely due to circumstances beyond tho control of the member will 'be deemed to be filed timely if it is received in the office of the Boar%1 before 5:00 p.m., De:cemner 30, 1966 or bears a postmark no l ter z t•(:}; tY.an midnight of that date if transmitted by mail. Lite Executive Officer shall execute a modification to the California State Social Security Agreement, to accomplish the transfer of members requesting transfer pLrsuant to this NectioIl in sufficient time to secure: execution by the Secretary of Health, Education and Welfare or his delegated represent- ' ,4•,�•�, .+' fi � '•' ., ative on December 31, 1966. V.s ; It? , SEPMeER 1 AND SUMMER 19 (MEMS-GMDES HEALMd BENEFITS I'IEETIEG ) '`,, ::,•kip:,+:'. a: �',.-a�;, '�;:` 4. Approved addition of Santa Clara County to the ccntract of the County Foundations for tLk ical Care. f4';.rJ w:�;:%'' . ,y t' ; ,�3 • • ' 5. Approved certain benefit and premium changes for the 1067 Contract Year NOTE: Information will be furnished to enrollees prior to the oF=n period Novcrioer 21 through December r 1t,, 466, on benefits and premiums. 6. Approv A new plan submitted by the County Foundations for Tiedical Care. tr( '�; '?+r"t`''t•'. 7. Approved merger of the CSEA-California Western States Life -Occidental .Life and the SERS California Western States Life -Occidental Life indemnity plans. d .,Mitt j,, 11, •r 4. II rrf ss•�',,rr• ,, r '",5`Q,1,j¢'rr.:'�'Y 'r i.i 1.'i. ;.,; . .•••................• y�[�'•� .fir •,s`,"!��•. ijw ' r 1 ��,'Y�.,�..Mr�;r'.Ir:�.M1:^(.' .+ • f' �1.�46p►'sxn•.-....�._.._..•�,.,.......•....ay..-........,....,.,•„T. 1r'.'rrrr;,u_ ... ._..., :-.._... ...... _ .. , r777, \ t• �{ +J �I•y` + , V tl j(1r. d r f�'CCt yA }t. i= 'YI la; :,, c., i 11trp f!!' h,.• , '•"b,,1k I r+{'.5' P iS!•'►,Jry,}t.1�,1'n "+ .fir r ,fir •. . • r••y 1 r.0 V 1 1 , I ,, r ti f a, ,''•n 'j ,r ' f• 'a AI . 1 I -7 f 7W, ilk, j oil ........... ty 4 L IiTk 'J.q. 'T. STATE OF CALIFORNIA-50AR0 or ArimimisyKATioH EDMUND 0. &KOW*K Garaffige STATE EMFLOYEES' RETIREMENT SYSTEM 4 33 S.1416 NINTH 57991.11, P. 0. BOX 19s3 SACLW.NTO, CALIFORNIA 93809 Pleat* Wee;Your Reply to Sod l Relse to Allembor Acc.vnt HvrAr_. Ifivember 7, 1966 TO: HMIS OF, ALL STATE DEPARTI PUBLIC AUENCI);�' CONTRACTING FOR FMIRFA1,01T COVERAGE DISTRICT AGRICULWRAL ASSOCIATIONS OTMM INTERESTED PARTIES SUBJECT: NOTICE OF PROPOSED CILWES IN REGULATIONS OF THE BOARD OF ADMINISTRATION, STATE EMPLOYEES' RETIRMIn SYSTEM l� Q Notice is hereby given iven that the Board of AdminiGtration, State .4 1'. Employues' Retiremen4, System, pursuant to authority vested by Section 20120 of the Government Code, will conbider a change in its regulations in Subchalter 1, Chapter V, Division :L, Title 2 of the California Administrative Code relating 'eting to State Employees' Retirement System Regulations) as follows: Amend Section 562 relating to designation of beneficiaries. Notice is also given that any person intereated may present state- ments and argumentsp orally or in writing, relevant to the action pro posed at a bearing to be held in the First Flocr Auditorium, 1416 - 9th J: T Street, Bacramentoo California at 9:00 a.m., on the 9th day of December, 1966. At such time, o at any tier: thereafter,, said Board of Administra- tion., upon its own motion or at the instance of soy interested party, may adopt the above substantially as forth, without farther propoaal set notice. q. - r Attached is a copy of the proposed ref.plation for your information. BOW OF ADMINISTRATION STATE DIPLOYFES' RETIREbCUT SY3TT24 4 I. -,, / '>:": `::.'` '�;±� i'r:�+`, WI l,hi E. k',1YiV'BY E muVE oFFIC OW Attachment _y IC00 A 4 r 11 i+4!}fy r,+. 7161i` + ,L '�'< , '�' r �, �+ -/.1. •r t v 4!rj f . I . l:u;",.ir v ;,.p , ?,�,�-' fir. � I;.o +, � •, t �' T vt ��yj y#,r - r• . ,tit •.5 } � f . t,�' �''. Arr2rS Jar :i i' 1 r f•�nt r.vi:+l r�ry 't 1i►, S u,.M V• 5J • 1y�{+• ' � it�yi, f F�' 7R ! 'aft , !' •'/7{,� p,• �, ('-.r :, i ' A'4. Ptq 't})�'nF�r(rr ` f . ,. , • .r r . ,. `ri, � ;T ! _•)�J�}%�� , R( �`.,1 ...-_ Mri ral r.'iwY�YYJ«V11�4' ` r p•ri.i . r Tr '!L b�yy ¢ _ ...l,.wk'M.• .�1Kf/A,Milvi,•tilYt FiYA1'•.Oltura¢tuu w..¢r IV w, 582. Beneficiary Designations. A member may designate as beneficiary • tip' to receive any benefit payable to a member's designated beneficiary upon t death before o. after retirement, any person or persona, including a corpor- A: ` (�;�� ation7 Individually b"t net tea tpustee; provided, ho e-vex, that a beneficiary ; designated to receive payments under an optional settlement based on life ; contingency may be only a natural person. The designation mutt be in writing, f ( t excent'• as otherwise provided in this section, must give the name of the person and his ad3ress, and must be filed in the office of the beard in Sacramento, Californir . Ole ri;zh•:. of a beneficiary to receive payment of a benefit is contingent on his survivalat the time of thu ' ,,; , g s i member s death, and the . member may designate r. ber..eficiary or beneficiaries on the contingency that + d beneficiary the first ', 'rs�F'.tr:i�y�(t,F.�.x � �::�., :�• r oeE not so qualify. , .• ¢ +' .�, ' f.• Y �,.-' . A Member may, subileet to the conditions set forth ire this paragraph, f' designate as beneficiaries or contingent beneficiaries, other than a bene- ficiary to receive payment v;nder an optional settlement based on life rontin- ens of the beneficiary, his p 6 Y y, children or his grandchildren by class rather. •' ;: than by naming the individuals as otherwise required in this section. For ' a I� ' ,fir •i+; �}'•�,. 7' i« purposes of such designation, "children" shail mean natural or adopted :. -,�' }+,;'. •��r t•;,f,, •'. •', children and �" � •, •�, •, ' f,l . �R,+''' 'dyofy�'-.r! l;rY. chi "grandchildren shall mean natural or adopted children of the •Ail+ '',.,.! r�' me.nber's "children") and £ihFl� l ' include such children or grandchildren in p %`'' be the time of the u b ' .,, Q- •', :��� d,.,��,5•`,.,,r;• being at Em er s death or who are conceived before the 4�,1r1, '• �4 ll II •i member's death and born thereafter. Pa vents ,� ( •� .' � ,;�. .'�.•.."; S f a benefit by the system an ' 7• t i3' 'tit... i ' C A!:!y'!: ''i' •, 'f';� �, %le ,. I S the basis of a determination in good faith of the existence and identity of t'r the: members of a class so designated shall conctitute a complete diseha rapi` i4, and release of the systemfrom further liability for the benefit, notuith- { „ ,T,,} .r'�j ' t standing that it may not Lave discovered a beneficiary ethe rwise entitled. ; ' S�C)��.1w 1 Ll"fi." '( 1.(r ''}'i��t'1 �'�n'i, r 5 Y f+f411; `,1 '� "r¢'�y,•.�' t',L ,•..'+�`t Jam: I" �lY •,'� '�. •I,I� �',.!r' �'v,i:. 1". ' j, �'��iiy,t!k • (;�,1. 1.i., ,� ¢. '((t__+11A"..Ar�,y�'FI• (•,i:;n,y+ 'c !i1. ,1� ', Ik ,7 f' } , .. v r +. .r' ti}:'�h �,. (; T•(`•J l �' '.,ey.�, v .�'','' #,`, „•. �,t:, fa.A7 :+ y i'+�,�,•:i'���i ,. ii�YA` ,f w:. '�'J +,5 �•hy�rr`.W�`S,�li .•t .!%�,; + 4 ,� `;� ,�.. .,l X.'R"fR:fYlS+f'9riT"..,"�""^.., __•_. -"—.�...•,.....�...-,....� ....... ...«.._..._..___._ •- .. -.. .--. .. .. �.....,.,t µ.r.w levy 4'+.j.ii`rt uy ti. •rr�,•AS'',. ��, ��,ly,! ,l ,�il�'�f"� 'yw•i��1 ' .� f ,� +� -(.•. .``\•,.._., .- ----•--+�-••+.t,,�}"�`���' "':r�Iy'� r.r'+ `1f 'f� 'ITI ! •+ 1y ' }ItLrbr d•:. f. , , ��' ` rt°Y+ R � l :. e,y rR,d'W, , r ,7,,`rs 'fi.1 r•{[ {{ , f d1.:,.ti.. , .. 1 ' +r ' ; �JS' .4 , x..i ,;.• `•r ¢1 � t•j`',, .'�i w,r.'.1., +r;• !, ( 't - ' ,t! -# t 4+}�, ¢My`:?„�f ( "!',',•, •,r%,1..�'t►"r' i,yt4 ",r - d+'.{ 1!'#1 r.(''( ,'• i al , .t' ,1 i.TL 'Wr �`/ .1t7! �5.r`+�! � AI �f•: h; r ii vl 1 `;t (.• •¢. P.j �a • Allk t W ax P 0 p ww.�M. 1 MW •li �4 0 ul 1 4 pay*ae, Executive officer TO: m-. wil.'U= S. M rublic goployees' Retirement SY'ste sL P. o. L�oz 1953fl, f ornis 95&)9 Sacramento, Calif i. I.0 or 4 fIERMICATE T1014 OFFICEP 4 If'. f LAI rlrrFI A. I hereby certify that on or before December 11 1969, 1 delivered or caused tc be delivered personally, or mailed or cz,.,oed to be willed to the ,�maddress, an of fin.W. ballot and rat= envelope for the lost kno election to fV41 Member office of mber of the Board of Administration. public Employees' Retir ement System, from the membership of tie System.. th Of mb durl Seytw*orp to each p MO erson appearing as a System A- 1, / . I. �il :.969,, on the payroll records 01 Y'. I� cr Agency) w , eN, nvelopes I turther certify timt ei-I balloto and elfttion.ms.111VIS e unused, nr returned uaclaimed, have bn A0 at 196 De 9 r go Weit-i-en Office" 77z'MM of Board. Vkizber) T " A4, —4. Ll Z7 (Agency Code Numbar for Retirpjfront: system Purposes) Prepare in duplicate. Trewsmit completed original to R tirement System after dt.Uvery of the ballots. igi-13- (10169), -e-V4 Bet. Form N HI .1 fr )4'W 4: Al, 'I ; 44 M' X ----------- � I W-At 4111, li! it iivo- mr. Vill-'am Ell Payne, ),ccutivc officer State Epjoyeaul Retirenent System P. Q. Box 1953 fo-i-rin 9-51kO I S r I-aE-IntO 0 n:Li RU f." f !r Cj"ATJpICA�m- ap ELECTIOU OrITICMI 1966, T delivered or I hereby certify that oa or before December 2, mailed to the red to De caueed to be delivered personally, or :stiled or cau. for the election to llot Clid envelope as., an off�cial ba cf last knolm addrt jotration, State Empl-)Ye--a -mber of the Board of Admin the office of m the membership of the System, to each person 10 Retirrinent Systen, fro 65, on the Y,j .4, the month of Octob- 19 of Huntington ------------ appearing as u Systi.,ID member dur-ng B ch "Al vli— payroll reco-rds of City --TEL, am- Of of I further certify that all ball.)ts an6l ejection mailing envelopes iave begin e.2strcyed. unuu,!,l or returrux. unclaimed 7-,-66 rAttl__ L.2 _C1,1410c ho officIt Of Hiustist (Ijame of Agency) CIV Agency Cade Iiun 14". Prnpal-C in auplicate raL CorJP10tcd original to Retirement Syste" jiv. I C. j f Bet. A " ej W, ' 4- 0 k YP l,- I v, Y TA 41, ?1 Ir AJ 44- 7. qi 61. J -e 11 41 -4AP 4.V 0 3LP k, %im OV. i"I fd IV,' I I 'A $'N, I I il I? I t. V, f 0 0 "i 11 fe ft A, W' i!V. STATE OF CAU FOLMIA— BOARD OF ADMINISTRATION '4 EDMUND O. CROWN, Governor STATE EMPLOYEES' R "IlIT SYSTEM ETIREMEo 1416 N114111 STREET, P. O. 9CjX Iy53 it SACRAMENTO, CALIFORNIA 95609 1W I I PI"se Dlre:f Your Roplje to lotion_..._ Atfor fe M4f4tr Acmunt Hviliber— Septembcr 1, 1966 TO TUE ELWTIOR OFFICER FOR ELE)CTION OF BOARD 1,00M ARM M_ q 1 Enclosed is the certified copy of your appointment (on our Form 191-3) as the Election Officer for your Agency, in the coLdng election of a member of the Board AI o-" Administration. Miclosed also are tLe following: % 1. Fom 294 Election Bulletin with additional copies, if any) pr3viously ordered on Fom 191-3; 2. Copy of Systelnls instruction letter (Bet. Forms 191-1 and 2), 3. Form for ordering Bellots and Ea elopes (Bet. Form 191-6). Please give particular attention at thirs time to Itexf, TT-B-(l) through (8), of the instructioL letter and send your order " or Ballots and Envelopes au soon as youf. A can estimate the number you will need. Your order should re&ch us by September 30, '0 1966, inasmuch as any System member vho is on your payroll for any lengLb of time in the month of October vould be eligible to vote and you no 6,)uibt can dtl� ,rminr. that before the end of September. If employees become members during the month of October by reason of re-employment:, or Otherwise, we shall be glad to scud you 44 f. It Ballots for them upon your request. . 7:, 3, letdd WILMA. E k! E. P A YNX EXECUTIVE OFFICER Eucl. 6W r V ij.01 44, �M i Bet. Form 191-r- (Rev. 8/6G) goo V ......... 4 1� I, , ii3 d 0. PON a It r g� 17' '1 AW045PRI, �14 1'4, 6 1 If I 41 11ill"i"y Aq?iW 0 441"", X, a �;�o .... .. Kra • s,r 1 .1 4' s;!, . 14 041 PX� � a , 1 11- 19 V. s"I "Is -A 71 r,,,, :e V1. A —J, 9-- fir- m Rlyne: Exec-itive officer XmPlOYeOG' Betirc-men't System P. O. Box 1953 Sacramento, California 95809 Mie person named herein lids been designated to se:-ve as -the Election Officer in 0/. connection With the coming election of one member of the Boar In d Administration from j among State members 0,A, the System and one from among, Public .Agency nerm berr, of the SystrnA: ke f Election Office r for Election of Board blsubefl w2 W. (Title of Person) Vol rayr _nP Vam 0 it QE ID A WAY iaftia' e IS p (Complete A 4k Wo need approxiLzntely 4p j.71rition ard Elect"ion Bu uadditional copies of roan 29 etia. Ay. Qna4ure of acy Lxecutive) 01 (Ti;l Appointment CerAf:rcj by: I 4-1- j Fzeeutive Officer State EMPIOYIes' Retiroeat; System {Complete in Pup.11cate. Razlt-.n Both Copies to Q I% -rip 04 a 1�-t- Form '1gl-3 10 0, (Rev. 8166) 300 1 44 9 to . r R, 1� Ail, ;w u i.e. 4, jij ) , —Al , , , - ? ,ti ;-,, , -� ?. -7.", ..." , " ", i... , l I Ill, —.1 -11— i"', I �-, mmwj Jr•N, 41, 1 0 V 4'. A1 111!1 0", IAN f 4 4 J., :J I A 10 1 rA .-,i- Lj 7 STATE CF CALIFORMA-80ARD OF ADMINISTRATION EDMUND 0. CROWN, Gnnirw, STATE EMPLOYEES' RETIREMENT SYSTEM 1416 141t4i1j STREET, p. 0. aoX 1953 SACP"MiltO, CALIF02141A P5329 plor2se Difird role Riliply to Sgehatt Aw, A Rtfer to MerrLwr Affolnt I twAvAh or—_ Ali Et 1966 A! I' A� TO: ALL S-LITE DEPARTIliTUITS AND STATE AGENCIES; ► sAALL PUBLIC AGEIES CouTRcTizGoMt, j .TM-E-. I A SUBJECT: I. NOMINATION AND ELECT, I011 OF TV70 BW.FD W2aM It. Ll*�CTIOII O=:--CER3 FOR MCILTON OF BOAED 16FZMMS 1ICKRATION AIM KECILIXI or, T;40 BQARD W20M MS IF. A. A supply or GL self. -tins Bulletins addressed to Members of the ot&te EW.oyeesl Ectl-OZIC-n-b Systw) about the nomination wad election of tv 0 qoa!'! members, is onalosed. B. It is not the intention that a 6. CoLy of Chia r. Bulletin be _BLaced in the bands of each membe-- o- r. Instead, the Board desires to securede 'nation and election by posting copied cc bulletin publicity at.,mlit the• nomi bearia in the separate agencies and the distributicn of copies to divisIcgis and branches of the ngencies., so that every mlember of the System 0-11 lave the ftformation.. Where necessary, the Bulletin should be read by supervisors or foremen of the employees they supeinrine, A C. If additional Bulletins ara needed, they may be obtained by your request Includad ca the attached form (Ret. Form 191-3). Aj 3 0.� MCTIO. epjCM 7 A. The attached form (Ret. Form 191-3) is to br used by the Agency M-recutive to designate a person to serve as the Electim Officer. r1lds fCP,-A is to be c eted in duplicate and both papies returned to the sintem us A copy t:i.0 be certified and returned to the agency. -gat at B. To aenint the Election Officer in Ilia plarnina,, the faUowir a ournmrized: -g 1nfcrLntjcn il) The Dullet1in. parti-zularly Item 4 At should be carefully ravlanimid; 1cers, if needed (2) Assistuanto E2.ccticm Offj —aA should be raM V I A aft M A " I% l tieu Officer. pervoDs so the Z-Lac nain:!d and recorder-' locally are tn assist the KcnV.o-- Officer. Thoy are not to be reported to the Syatem- V, (3) B,'110t-3 wiLl bc identffied by n= ber r but will be "in blank" Ar. t: Ail' A A N A (Rev. 8166) 15oo Ret. Fnrju 191-3. k A, A ;AF htF'!',:�'ti etk IVA A'% Is. J If -A, Ail A, f AL. r it r !r, .ffF •"KMoX ?? Ii; n ' I 1-IN -"4I',z!v0 A! . , 1! S?(� ,'' t ;,r•�, I •f:' ',� .',j,r �1 •�f�;+' •', I, '+'1' 'fri �'� `Y' ,;,'•., J, ' f ?d , s. r,.t,,. ,r 1 '' f .!, t' 'r •I ,J /, ,1 ''/ ,�.�,!' 1 ij "'!, r' r' �, 'r. r' ti •r•r• •„ I, rj. - , },•t +' t �t I �• + r , ,r' I.� r' I 1 r° a S;t, ,ti ;+` 3 i .`,�5, r,. ,' ,� , � ,+ Y'• ;'i '• '1 r 'r,• + 411:. ._. u• .. _ ..._, ...-.�.a.,...t,..r....t�l_.:+ L:.t. rL' 1 .1 •! - .�,� }.:... w.....,.,.r t. r..,.1..:...-....._L(..r,Y.....:..r...a.«..u.a.�...1,...r..1A....•........,t..a. 1: •r, 'r !! :• 1 u.la.i1.,..:......d... r + •'C' + �a:.iL. •:r,:.�.]1:...r...u_ :. 'r , � !i I,r ..• _ - .. ._w...... _, ... ........, ,.... , ..�+:. r • 'J� i 1. Vj ,./1 '�� rr1` ........r.:.r.a.G,._y:.r,..�..�.........,...,�.•f_r:r,., •r^trJl.,.. :r.. +..'tr' ,r .f. •' ''�r 1 ., :Il tlt rii•n...: „': 'A'.: f, .r�i,�i!:•ia N'd 41 ff 4-:4 4 A31 Persons who are members of the System at any time dw'ing the month •' Ai, '•., of October, 1966, are entitled to vot'7; Each Elect; on Officer will need to estimate in advance thA number f %+ -s. r''" tl r .t / Bal].ots and g p � p ' Mailing Env�.10 es so as to provide one of each to every 't; ,'s.r;i',r+.,4,' , •r ',. ' jl'+',; :'" l:'' • fR'r person entitled vote. A fora fo ! �., •,.r.' ,. to f r orderingthe Ballots and Mailing c• ,,.•!.'' '.. , y' 1 drr: t Envelopes Srill be sent to the Election Officer and must b tanlin h i �' ' kVu13 a Y'etux-ned �'� ,rilS�i.•. '"s4.�,r. Y'.I ,.,1 to the £iyutem by September 30, 1966;41{�' a Ballots 6f rr J, �'�' �,•. ,; () and Mailing En�c?npes wiU be cliipued by the System to the '''-,��`�``'�'•,'`',;�;�'a,j ,y '';: `i� , i Election Ufficur on or abrrut October 2.L 1 66 .far . .. " , 9 , distribution between �' ��'°>`k/••/'T�.' ,,� November 1 and December 2, 1966, to members, based on payroll records 'a +�''+iit: { , `• f ry>,#~�' r... of October, 1966; f' r ! •�•�' r'. (7) A member votes by marking his Ballot and mailing it ^" $ to the Secretary of St•a'te iai the postage prepaid tailing Envelope; (�) After issue of Ballots and Envelopes to each System m_mber, the bl.ection P yfAl f 4r, 'ir '(rk F 1 %� t0 t' a 5 ; Officer is to so ccrt y the Board 110 later than December 5 1966 y;'' "Certificate '� Officer" for revided b the S ten. nn a Of ElectiL:. m to be p. y ys '' �,k�'jv2"i. '`q,`t�.�.l.+��,1�.'., 1• ,',• 1�,1/.l iLr�i.l,a.. � ('�•`•�`'�� F•:yi /. ," 4 t ; �tx l:IILLIAbi Fl . PAYIV�; J f`JC�L"'+JTi'vi OFFICER losures f + Board IS=- bur 71,-etton BuUetin (Ret. Furl& 4.) �• °+;,'.G , ;r it , Ncarm Designatf.::,; Perscn to Serve as Election V4. Officer (Eat. Form. 191-3. Original and Duplicate) �, � •''.'. Sri a�f• ', 1`r ;+f"�,,i(( �•'!i{{I�',:, # "L 1 r •!•%i,Y r` ',)•.'. !fit . �. •!- • ,'. , . r,'.:f: �4 if,'dh+•; �,:i5+��.•1, t�!'i i' 1•.f I' .I r - J {,,v l l Y,,;.�iJC1u i. System scriber has transferred frc.,i r another csg..:n�y where hc: ,',' ,,:. ,' ',li. i•."' is t' eligible for a ballot, into your agency in the vk3n�ch+of October, pleace ,1 �• be sure he d/,;es not. receive two ballots. r{• fir,', 7 ,: • ,. i' ''If, ,�,/�t'7 , r ., r�t�, l,` ',r !`j ;., r•' `�T".T, ,,/ `( 'y.,r{�{j ,. .t •,1`r,'(i'. 'tf. 1;•if rii'.1•,"••�rr'i:S,�'�aG�./. 'E, a�i 1 ,I1. �..+•,,�:,ist;o. ,. If 1, ,;� ..� !':t''%l',}�'`tij�t,�r:�GN•�.° t �'ir.i• 1 ,i`r �r� '1}r o-a ,q ��, rr r •/, 1 �'�:+' !j'4�r// ,': �, .r,.r l,' •, 1+r, t'' ,,'Y°t1: ]'�(i''t, r r, .. i.�� { ,••r,' 1r7 ,.Yfi,,i ihri'.• ,.,1..;"�rI ,,'•f','�',r h�a y`t ,.II % '•r{, ,',, r 9 ,t'';11.:1�', Ih tt ,, �1�'• 1` ', ,� i{, t�'•Y'y It �)', :/ t),,t,•,t •(�� ? _ • " � e�'(j,•f��,�•`,•,,}"}.+iir;! ,• ; '1I t � f ,tl, r r a r r i el, ' •AY911 i.h�ru'I.+;'/',:'�tY-/^err,' rlpp /. •�,' t dt'' `7i '7�.,+J.f1', r :,�yJ�. Li�1/ +,+ ytk f, 1 t .' , ;•,' y�'i,a . �;r. rt +' �i. .r .4. Pet. Form 191••,,_) (Rev. 8166) .i540 I'/.`''1 �,a: A 1"I++; . •'.t,'.':i'•t•,�;•'r J. �f'..,`•,; �, f „fi%.r,'. f��g7:(�r'rt 4' It .t , II ,'. i •1':'i o: , t'.�,•r•k-y t/1 tt','4•i, � r r� ' 1, ,f J.j�.•,. , / _ , ( {�'+: '15 ' R,i111 1 t�f i ; ♦f .•5.�,�. I . ' ' ., ;/ , � ,i •, (r. 1 'r.,,�l ,; ,:r,,�+,fir! �l 1 1 i (1 + `s '�' f r1 t�•1'•'"{ It�,Sf'' ' • i a Y 1 i, - ' •t` , , '{1 1� ','i,,;1.'1 Ij,•N���/ ,r r. ' 1' � 't' rl' . / ''''r' - � •:y, ,,p''I''la'r ;�!J'.. �l..it, 14�i4 'b �• L > t r -, i .. r � 1LIr �• I''1'i^g4�1 e't' A •.Y..r , fit, .1 ,yt e ( • �ji.; � iL t i.i . ''I • 1, - • , � , r�, i Y�.,h t�.iY f 11t,ry. .�.j'' ir. �.`� -- ��� lit . s�,ffiA�Ikt4d'�#•w'fiFRl�ld:.'�'�#�k '��'t.. lu t.�•i •r{•ry+-�y i•e,,.•q .,Tr q.j •''.4m, •a• $ iK I., �;'ry .,`; .+ y, "� s�: J• ,» ,T ` �. ,pf f j .! q�i JW w%1 J 1 j�ITA lr, d. % R',' [J,gSY O i i1 1`,1�y�fy7 Y� .f ,til r �i�l• J r „ g'' .� 1 S;. ,;�! i • !' ,!✓ ':, .��1/1''r�',. (. ',�`+,'.��•� .�fq' +� .': ''•' •.1':'7f r.i.. 1lY! QQyy4��t'.'�'�K,Iyh � ��'tt� .�r: y� r ti'!I, �� .� .l• 4 Au ,,t''��,, "•! /I } r•. �1` 'y h'� Ki, J ; 1 r'°Y• ti`° "4 ��r. \`E• r',�,�`''' �.�, h,• �tl •'�r•'y�� F,'.•�b y/1`T•T• 'va r °rl'•, rt,�' •j'1 Y. „'�.J�;l, d of k Nt �, ..._ 4 '`s7. atJ..`h..i 't•i'+�: ?�'., '1c.s1}7f �c1 {•' ...1 ` i, .�., .:1:1 ',. ,,�iR'''': ,.�.. ► .f ��i:..: ;,, •y+k�ttl,. �;'.1:3':s:'...J !44i�•.. 'y:' .Sl`ly'e L 'ice i' .i.� ` Ii., 1�•I l'�'�' � '1 n• r1 ,1 1 1! r / � 11' ''I'' ... 5 i ! , 1 , ( '' •'l� ' '/ , 1 ; .. ,., ,r,l. ) 1 II � •�' ,l' • /. t , t ' I 1 ! � , ' / 'I' - ..r .t l;', ;!'lr .'(. r,• 'r+•- ,•ft (. 'R(." '' !1 n ''r' '�i " .r ',' r r`: :�.j! )1 „rJl :)! t'1 '. .,'.. ,'f.:..,.a..a.._..._...r�_...,.'..._...^i.Jrr.t.i+..<.1..a..:2a..`.1i.e.................�:a.J.,+'a:..C'�'111:�(�13s...::•.1i..;.1�..:».:.Lay....;.'.1.�.:...r.:.:.1..»:'v�...... 1:..:...:i.....:i:..c::. .:6.... �.'.i..... 1. _, r , .r rr ! !i -i .. ... .,ir.,.,..L...1.._i.u,.....,l:.x.._�Jla.::'...(:„1!'.., ,.L:I •...y .(:. i -r 1. • ;1 r• / I'rr�i'I,',„'�� •.I i ` ,I,c ,, r. 1 le ..R .'.r'�! 'i ., ib' ril�( 't' ! , i '.4 _. ..'. .:,/. �.... ...... .. .... .. .. ,. ., ., _• .r A � � '' , fr. � ,! r;,rY r�rrt'''r!'' J . ! f • . 1 0 { . ..'' .' i •X {' )' STATE. OF UAIFORNIA— BOARD OF ADMINISTRATION RONAID 1 -`GAN, Governor STATE EMPLOYEES' RETIREMENT SYSTEM ' + 1416 NINTH STREET, P.O. BOX 1953 ? 1 ' SAC►RAMENTO, CAi11004IA 9509 ON), 1. Reply to Sec. 23 •{!� •, /lecte Direct Your Reply to SeAlo•t .V..— R. Ar it a •`;' '•I I' ber Icrornf Numb•r _._ �_ , r '':.• . April. 211 1967 , City of iftintington Beach #0097 %;;x �`'•;(,,,,,r.,� a ;l, The regular quadrennial valuation conducted as of June 30, 1966 has been completed. it may be that your agency will want special valuations 11 the cost to) <' to determine the agency if its contract is amendedcertainrf1 ';1✓' .'�'• 1 (s in ..a•,;;:l�: ' ''>. i. �+ ' %llt'; ";';,''.•'.` •; .r respects. Valuations are required before the contrac4; can be amended `s�"'•',: whenever ;:n amendment would require additional contributions of the rrr. ' r; :.' . • e.gency. The other steps required b those i,`f's:', • '.. '.; � ;' :'' P q y law are essentially tho.�e which led to original participation, including a cote among the employees if the amendments cause an incxease in their rates of contribution. *' ' In Arder to arrange for the actuarial contracts for such special ,. valuations we are enclosing two copies of our Contract Status Form 556-•s ' ' with attached explanatory material which indicates specific benefit s + 'SY� r: • r'' ' changes passible. A comparison -of the status of your present contract '.4' "�' 't• '., : lt' + ',' with t*tis bencZ its which are available will reveal those items which •''y' '' � �''• your sgenoy might Irish to Nava valuedn order to char ia it '��•r g s Retirement ;a . , , ,tJ,�: r. System contract. If such special actuarial valuation is desired ,lease copy return the extra co of Form 556•-s with a check mark on the attached i�}''�f?' `�'i ••}h�r.��;����y �f'. explanatory material to indicate which items should be valued We will then calculate the actuarial fee for such work and return actuarial it if then oo a y aontraets which your governing body would have to ' Y r p ' wishes r' r•: a•, Y ,�'�: s t o proceed with the special valuation. 'r.�Y''�.•'}' '' +' r; KISUK ACTUARY encl . .41 t � 1 r - tJ ,�r'i i ,• �t e. 'u .!. ':,� -�, .r 1, ,;��1G: 1' 17 ,1 lli�ii ., .. '1,,• .•r�....J.',: ... ,i 11:`. .'ry .,, IIr..'/•w(rltw.yr'v..-....--.. ...__..... - , .,b :v A �•r�r ) •. 1 ' i 1''r( , •r.r,,., , u ...�C ��,ea .;� � (' i y •� 1 � :l�' 1 r? •t• / i e� TII". L., • +.. l r l�,r +-j°1�•i ,R tFw r r+ � - 'S;. ' ■1 �, . i./�1'}. •�'�}l ���.�r �;s ` r J " .+,�'!• r' �j}�• {. {• A�.{y•;,p�,} 'T{p/'S1j1 r::.) •';,(A,r � ,{ {■�1+� �l .�. l..1. � 1, 'j;.��1�.. 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V' .�, ',.,�1., •',j' .�..r .,d !'::rn .A'r: ". ,! r 'I .t ', r. �t i• .!• 1 '�� i•�l .l' 'r •.r. i,,1 l�I�,4�•! •F,'•�(, + / .i 't , ..Jl'. I;r•J,' ..i. j, 1, ', v; .. r '.� t tr r ,1' •r� ,i t�• •y ,. ,F 'r'�,r{ `..,t'r. rrI1,. ,r, i:• v { 'j 7•' ,e,, ;,1 .•'I i, ,;,:�,' fir, � r. ,•i- i.. �1,,, f inf,' /re y,7 'i' r� !i. ,' <i, •0•, tl�l 11 '1' r' 'r: , 1' ,',r�l iF 'r (. ,. ,. .:•'• ,t t •,. •� t F' +- ' i. J, ,i) .r �� _s.;.l..��.�a�- .. • , .1..:'..... ...._J .._.. •. �-� ,. lt. , 'r 1' . r 1 ', ''. .,(/ ., , 'f r t.r•1,. .., �,�,-.•...i.d!r..l�:r,.:.t,.:;..l:r:�.•�.L.±.�.ist.+.u...11.i:.4._...1..�..u.....1J.>...�li....:;L:..:::.:,.....«...... ...�.. ..i.....,1............:..c,:.;.r:1..,..t.i.1..:.,:JSL::.wr.i«.r..:.:..:_t:.'.,....l.:n�r+�:..........•t':.:>:..:;... 'i M .. . ,i • r ..4. _......, .f /, ..... ��.. t1f..'.:.i...+11.^, a.. -.I .r'!••f.,t,'li •� I . r.,ir/,.AJ, • E}CPLANATION OF COMACT 03UN-14BY (FORM 556-0 i Form 556-a has been designed to provide a summary of the contract provisions between the Retirement System mnd a public agency, the existence of any related Sccial Security benefits, and the Gates of all contzsct amendments. Where a contract luis been amanded in or0or to coordintte Retirement S stem and Soclal Security benefits the date of such amendment hap been circled. Y Y Certain items on Form 556-s pertain only to the date or circumstances of in ticl retirement Systems or Social Security coverage. Thosc are numbered l.0 through 1.05 on the form. Others show special provisions which apply only -where a contracting agency has transfersedA;", its pre-existing local pension system to the Retirement System,. Thie group of entries r.;�x• appears on lines 2.0 through 2.03 6.0.1 and 6.02. Excejt for the fact thta o, Re irement System and .Social Secuurity benefits can be extended tq employees not presently covered, an agency cannot amend its contract to change ray item f•.1 Section 1.0 (Coverage) 2.0 (local system), or lines 6.01 and 6.02. However, the governing body of each agency aas some freedom of choice with respect to the remaining items. These Items are discussed in grouna which are distinguished by the delnree of choice afforded by the law. Croup consists of eight items which define the basic benefits. Within each of thesej• verging levels are available and an agency can move frw a lower to a higher benefit vith•• Ira any such item. Those six items rsrd their possible variations are: 3.01 Basic formula (for miscellaneous enplwjoea ). A basic change w'o ad require employees' election. I. l 14Q-1 0 Provides a benefit for each year of service 'nual to 0.7 of 1--of the lot $400 of final compensation plus 1.4% of remaining compen- sation. Nor►nsl retirement age is 65 and benefits are actuarially reduced for earlier retirement to a minimum retirement age of 60. FormiLls restricted to groups covered by Social Security (could change to 2, 3 or 4). 2. 1 0 Providea an age 65 batofit for each year of aarvice equal to 1/70 1. �) of final compensation. Minimmun retirement age: is 60 with actuarial reduction for retirement before 65. This formula provide. aboat 2/3 as much aervice retirement allowance as -the 1160 Fixed Formula and requires about 2/3 as much in the 'Way of member contributions. (could chfanga to 3or4). 3•. 1 90-1 u0 ho=mal retirement age is 60 with a benefit for er .h year of service egt}a2 to 1.1% of the lot $400 of final compensation plaza 1-2/31 of remaining compensation. Actuarial reduction applies to retirement before 60 (mimmimum Age is 55) and actuarial improvement to retirerrant age 65. Formula restricted to groups covered by Socte.l Security (could change to 4). Ret. Form 528-1. (Rev. 4/67) x '. •. I ��►'' 1 'i J i� y�, .I fir' +7.��,1m� �.�, .r',r�l e'ti � iF,y, . �•. ;,,. �,• �-rar::1 r r,,rrq.lr.'^4',u i.r r,'+7.1:'• ;+:�' +�. �'M 1, li. .� �,;`�,pgl��•j} r:,: , '.�pr+, ,'k r •` i yy ('• •.v� ',' r ,Y,. i 1+ ,. ,�i,•,, r 1 ,�� ..4,,�' �/1', i. �'y .� � R ��'' ,''�''��". r�, , rM t�9� r•� .�), •P.r.�.�i''. .r" :>.!•c: ,:1_ �+i. '' :t. �'• ..1' ..:r�.....7�: t\ ,t•.:. J./.d} If .1 f' +t(,•!'w'b;,u'.k. �', 'd� f. :a. t'_ �1.'/. �. .Y. :r.�r«.1. l.:::' _� '.1.'..- _ __ ! ; f (Ir to A .4. 1160 Provides an age 60 benefit for each year (Z service equal to 1/60 (1-2/M of final compensation with actuari&lly reduced benefits ae eikrly as age 55, filet uarially Improved benefits to retirement age 65. This is the highest bcnefit formula for miricel2nn3cus meubeia and payie approx imtelY 5rfh more than the 1/70 Fixed Formula. (No change except coordination Iw-ith Social Security under 1190-1160.) of 60 Restricted by 195" legislation to safety members covered by Social Security. Provides a temporary annuity to age " plus a life income. At normal retirement age (60) life income Is 16 of final ccmpeneation timers years of service.'. Benefit is actuarially reduced for early retirement to minimum age of 55, Improved for retiresent after CO. 4, 4�4 Not available to contracting agencies after October 1, 1965. (Could ebange to 6, 7 or, 8). one-half RM at 55 Benefit is one-half of final compensation for those 7-10 eti.e with 20 years of service at age 55 or ov2r., with additional. lanefit3 for service after normal retirement. Modified One.Half PRX at 55 This benefit in a modification of the unti- Rif Pay at 55 formula because of coordination with Soclul Security . if Pay at Ag a", 6. One half L, 50. Benefit in 50% of final compensation for those who retire with 20 years of service at age �)O or over., with additic"i benefits for service after normal retirement. f 3*01, 11inimum retirement age qy Ydacellaneous Members This rtrovision in governed eutirely by the basic �n�y formula own on line 3.01. Age 60 applies for all -1/140-1/70 and 1/70 .4 lontracts age 55 for all .1/g0-1/60 and 1/6o contracts. Safe Members Minimum retirement age (55 under the one-half pay, 60 e early re-11-rement benefit is reduced to the actuarial equiva- under T van be reducea to 50 by actuarial discount. Under this pro- viaion the 4 Maid for the same service. An lent of the no rmni ucnpfit which woiLLd If t;; J. amendment -to provide this feature can be adopted without an actuarial valuation and with no change in member or agency contribution rate. For contracts so amended this item is sho-,m as "50 disc. % The minimum retirement age is 50 under the rAY at age 50" f---rnx1a. 3.05 Minimum guarantee 'A The ent ry here can be; None Ilk III, $40 or $3.00 .09 Modification fa�' SocJal Sezurity -�.06 through 3 If These lines describe: the mo,.Uf I cationc to Retirtment System beneflt.a whil ch are pei7d.tted for coordiriation with Social Security. The text apeclfteB the •level of compensation to 17bi,:h a mudificg-�Jon applied, while the: colu=ar entries specify the dates from which service in subject to the. . N 6, 1 Ret. Form 528-2 (Rev. 4/167) 1, C. Is Ole ly 14 ;7;` A 0 y 4 „.. •1. .•, ,r Y •,!'•' ''( r2. ',' 'r,' 'r � :!i .f .I i, :I.r :1, •. ,. ,, r ',, I •r. .Y 1 f' 1,, ",1 ,,; •,',', ``J''! i, .[• ,l• '� .,. '1: �Y'ii IY•. : !'� ,k1 - , ;! ,'c. yt• .-� �. ,'1 . r ,.J.. ........ ..... .1 ...• , . a. r......... + ,..........✓�......."... [:.c.s.a......i...:....w:..a.ai:���.......,.i,.�.6-•"`— �'":; ::La._f,Lti/:.:SL ' , r' ' J - ', �' rye ', ' 1 ' I' 'r �,•. .',. `,, i,,-' .. _ Jar modified fc•rnala Servi:.e prior to the date shown on line 3.06 for the raiaceUaneous group produces a benefit calculated under the full l 0 or 1/60 formula as the case may be. If the ooluarar entry on line 3.06 is the Word II empl, tti S instead of a dale, this zeana that the applicable , moedficution applies to all previously rendered Service ;rtth that agency rF,zArdless of whether such previous service iu current or pciox nervit. Whi ,ro the phrase "000 Freeze” appears in the columnar space for liner ' • "; i.08 and 3.09, the level of compensation to which the modification :Y; �' t: ; ;`r�6j�;•",' •,� applies will rem -in $400 regardless of the change in the Social fie:.•rtrity ,�': : ''' •;,y'' • �,.'i �' 'L• covered 1nege. r r, r � :,. 4.0 Compensation average This section defines the final compensation used to calcuulrte reti.rament •. - allowances. The "Fixed Formula" contracts with 3 exceptions., savide the 1 ' ,." •.' .; ' { same nalar aver averaging period for prior service ,. Y K g P p 8s for current service bens , ,,, , �,"•.t:.,r+S.f' 'f , •� �•''�. ;•,;,x�+�,',;� { fits. This may be either a three or a five-year period as indicated by tl3hrl ,f+�;�;:.;,." r r CrIICtI" ou lines 4. Ol and 4.02. Regar.•dless of their averrgirg period,":r''ti a At I sv::h contracts must provide that benefits be based on prows crxnpensotion w'• ! � exclusive of overtime, thus line 4.03 *-ill alwtiye indicate t'ue date c n �i•';^'t ' �;,, ; ;'; 'Y :rr.• • ;,{.' �;., ,� ,:.' which gross cOm ennat.on be came effective. Y� r:;�$�f,' :t ;.i ; •• 5.01 Limp sum benefit (for death after rpti.remett) ' _ •.r„ '{`: ,f',, r,`'' The entry a y here can be: Bone ,. r$300, ors+,. ,. mount of this benefit e The a i ib independent of any ocher provisions in o 'r ` A. `4 •a�),+►,1,�'-;,rJr',;�1;•,. t 4, f �r6 � contract.. Actua3al valuation is required as a pcelimiuAry to any amend- Ri f 1, , x. r ment which would increase this provision. Mftmber ec ntributi.ons ar : not 'n' ?• affected. 'JI '? ','• •' Grau i3 i• Yy _- ,jJ consists of four items which are governed cntirel by other �Z- . Y c oviairaa ofwirl'; '• )•` ' thcg coax at. � 3.02 Percent of prior service credit allowed '' a 0�y'; •J.i,".' ^;,,a.•'�r•�d',, 1, ! Unless special provisiomrre'lating to t'hr., dispositiea of a pre-er.3utins; ' local System plan have been mde, the entry on line 3.01 mist be 100A. • �' ",• 3.03 !'fine P/S iLproved to `�. J. Thin entry ap,lie ++ to mir;ce.Us7rjur, Inen+be�•s only and appef�rs as Age 65 ' 1.' in all contracts excp t three The -p is*"J p;:rmJ. is no i'urtl:cl• actuarial - ' ' � ' • : � ��� improvement in prior eervi.ce benr'£its beyond age 65. �� '�'�;' + ',;; a.. ;; +•, i��;' ' {' + 3.10 Ordinary disabili''cy fcrmiLln .' .r, ;�;.; ., The entry here must be ? . S in a'i 1. cavev where, misc4 e � llaneaus members E1Y f:r',4,�'y.�.;l+ r'. r:. �;.,,�r',;}••' •' ; r.'r.• covered b the � Y 1/60 or ?./90- l.''6o forivila. 'hiu means that any dieabili.ty {,: t' • �'Z}',1;'ri,,i�,r ':,'.., J j'. :� :•: 1 ,''•� ;•� . , , : Member c.t is benefit for miscetlaneoun r s or :a no;i-.3ervice co;,ne � edisability. ..,' ; t 1. 1 r t.! .' ''i, • �tL7.owance for i �� ,,II r safety members s calculated at 1..., of final compensation , ., times years of service. Ret. Form 528..3 (F.ev. 4/67 )iiI � , ,,,,,'},'fa'..i`,. •, �. f. nr,r+-. , ... .,,. ... 'Y'.t.-,r .•.'V' -r.•.:.. .r:. , "r ..._._��..------•` --- ._-- .•-^-."••..., '!''.;',. A,trr'•�'' o M �7F'� f{�71 ,��';.,� � `�R�'!'.>f'�F fir,;'•..15'is"zir,J:wt.�L,�r.,`:"r•{�5q;,+1,'r,�,'a.�f,9rf•,� h �.1f +rrry 1' �•�!I�. ltpr %�. r k,r,.,,{,41, Ii,'�.,y.•, f ' '1� " A r V '�••"� ,�'� ;. , �r, y w l :yi '�X �ji '�'1.��� •;��, .��I.i1t';� . , '}'1.:. i ,}• �'' ;!�Ir�t.r', 1.1,�`• 1���lJJ� N�+1 � � d 1 1 r r �#. T �','' .i1 1d'�, ''b' •^r.;J.a::f1�S' J ..4 ' i ,�r� �``{I..��;i l.: �j; �! 'D �('�•i ,•�''ll,'lI{.[�A,,�F ?', T,'itl,`4�y�J.{lL.y:•,..' yy"):Y's'.:5.',�;�,Ir. 1, .,',,.\'.w i, trs�f`�ty,P,'Mi ,` i�j1 i.'�1'�I _.hJ L..U�..J.... ..... L�..._......�.�,tll+...,,a..w ...... .}.. .. .1 :'S...... J,.., ... ... .. ....... ............ 1. .. .,. .I ....,t S.:.. w�: :A.+ T * 1 1 , 4 If the cond1get provides safety z:124b%;r cniy, oi- •.f DuscaiiaaeouA members bsve 1/140-1/70 or 1/70 coverage, line 3.10 must specify a 61sability allowance equal to 1.28571% of "final compensation" times years of service. 4 4 Members with 10 or more years of aervice qualify for the vainimum guartzitae upon disability retirement. This guarantee is one-third of "final ccmpen- nation" subject to the limit specified on line 3.32 for agencies coverea under the 1190-1160 or 1160 formula and 25% for those agencies subject nd,. tILIo the 1/70 r 1/140 0 -1/70 foranala or only arfety mec.�),:r coverage. 341 Niximum Ordinary Disability Benefit Limit This eatry specifles the section of the -law •vihich defines the maximum allowance payable for ordinary disability. The reference is to Bectiou 1A 212.97 If miscellaneous members are covered by the 1190-1.160 or 1160 formula 21 1110A in sit other cares 11—se sections reemire thAt +.).^ &is,. IP-1-AP. VIM abil-ity cLUovance cannot exceed hhe service retirement benefit which watild I be paid at norms?. retirement age If the member could continue employment 41 to that age. The section number is foDo%icd by the letter IT" where 'this 34.uiting calculation is to be made under the fu_11. .1/70 or 1/60 fornras.. "M" when a modified (.1/1)40-1/'10 or 2190-11(0) forziula Is to be used. froup C consists of 13 items, each of which can either be inclvAod in or omitted froM sA aginoy's contraL-t. They taunt either be accepted or rejected as they stand because fJ,-e Jgv parmits no variationu within any of these !.tons. In all cnoeB where olle of these JI, St4w is inauaed the date of such inclusion io ludicatoc c:1 F556-o, r 5,02 Cne-half Continuance Benc Bend':.; (2.120,54) Applicable only to -yridows and minor children of present and future safety member ratirees. Provides that one-half of the retired member's allowance * will continue to his surviving uldou (or minor children, J.f no widow) until her death or remarriage if retirement was for Bervine or industrial divabil- ItY. An actuarial valuation in required prior to amendment. Member contri- butiona are not affectea. 6.03 '57 Survivor Benefit (21365.5) Provides an optional life income in lieu ol 6 months pay pl:ja contribu-ion refund) to the widow of a 5 year member who -Ues as an employee.tafter attaining the minimum age for service retirement. An actuarial valuation rewired for this amendment. Member contr:.bubions are not affected. 6.04 '59 Survivor Benefit (21380.7) Applies may to r—mbers who are not -overed by Social. Security. idea Prcv $90 per month for each eligible (cb:Udren under 3.13 widows; with C such children In their rare. and vidowb 62 or oldzrJ ' up to q, 0 per fami 2 upon death of novere, arapL.,yve No -st,iarial val, tion is required. Fach an ach covered employee prays $2 00 per north (non.-refard.3ble) and agency tnys $5.00 per month per c--vered em,:)IoyeE- ug= rate In adjusted by n Y a quadrennial revaluaticn. Put. Form 528-4 (Bev. 41/67) W.M11.1t . I �!I , It J r�� N.:J.Ik W"t,0j. � .Z qy, T!Wl 'Z,7 Ii - 'M ."T Y, #X _40 .. .6 �'. ;, (� F'. -.,TI7 , -. ;- - �� — � . V V e 1". j �V, JJ, /V. 7*03 Military Service Credit at agency cost (20894-5) Provides that agency bear full cost (including member share) of providing credit while member is absent it' miJJLtary service. No actuarial valuation is required. Agency cost will emerge an service gained by members is re- vealed at quadrennial. revaluations. 7,o4 P/S with 13 yr. C/S f2o634,1) If a break of more thar. 3 years lisr, intervened between a member's last service teforn contract date (line 1.01) and his Initial membership in the State F-hployees' Retireirent Sjem, his prior service cannot normally be z, -t exedited. Amendatent to include Section 20834.1 permits crediting of prior service in such situations provided the n2mber is credited with at least 4, ten years of current service (after the date on line 1.01) with the amend- ing agency. Member contributions are not affected and no actuarial valuation Is required, Agency cost will emerge its service Lmined by members is revealed at quadrennial revaluations. P/S wage ether source (20839) Prior service (rtndered before the date on line 1.01) not normally credit- able because the compensation therefor -,ms not paid by the amending agency can be credittd. under Section 20839 provided such eert-ice was pert ermed under an officer of the amending agency. Member contributions are not affected and no actuarial valuation iu required. Agee cost will emerge V an service gained by members is revealed at qtadrenuial revaluations, THE MLLOWING IMS APPLY ONLY TO PERSONS WHO ARE RETIRED ON ANEMAENT DATE 8.01, Adjustment to current member formula (21251-35) Increases allowances to the amount which would have been Imid had mu the existing contract provisions been in effect an the date of re*lreii�ut, Acuzrial valuation is required prior to amendment. 8*02 $1L3 minimura benefit guarantee (21258.2) Applicable only to agencies which already have ur are amending to the $100 oln1wiLm guzarantee (line 3. 05), Bni.nga allowatices of' less than *100 to that figure where retirement vas ccmpulsory with prior se'rvice credit or occurred after Mtge 60 with core than 20 years of service. Req!.Urea actuarial valuation before amendment. 8-03 f55 to pre-3 year average (21251.4) Provi -lea increases ($15. 00 to $29, 00 for those %,rith 20 cr more years of service) to members whose 'retirement allowance was based an a 5-year (Instead of 3-year) salary average. Actuarial valuation Is required prior to amendment. URK4 3�3 10 WorMWWW" stet, ror-, 528-5 (Rev. 4/67) 3 V. v I V I F�.',Am 71,77-7-77; 77'74" "17M o: d '. f + r'• , f ,l; .'r ..'': r . , � , � 1 � / ,il,/ ,./err ......., I• 1P 'El"04 15T to Pre-7-2�-56 retiremfnts (21251.5) b5ambers retired 7-1-56 and sarlier receive DU allcu=o Inoreare of �10,00 j- 8 POr,00tntage toot more than 5%) Of their present Va �OUxi'lance1*4on In rwpnzerc,ent. 845 For 20834.1 service (20834,2) AppLies G&V to contracta -which inclade Section 20,934.1. Permits retired me4bers to receive prim! service credit under E42e' atlon 20834.1 (see discus. $10n Of IteM 7,04) anc, rece!,ve correar N42dID9 &Ilcuunce Snoreace© s V0-1--atlon prior to and dment. 0,06 FQz- 20839 service (20840) W, App.Ueu OMlY to contracto which include Section r=bera to receive prior service credit un&er 520tion 20839 (lice of item 745) and receive corresponding &.1lowance Increases. peo Ulres PC'Uitu retired 80tuhrUl Valuaticn prior to eMendment, M7 163 Ucrenae In retirement allovences (2.1251.6) tS I 1Vit: F1'QVid9G for increases var, 'ng frow 2% to 10% in retiremat CUC=c.ag, ISPOCU-1 death beDefits and !rv:Lvw AJJ4Lvnceu irlth rQapOG9 to and dfttbx prior to j;*vxugry .196o Ijtx Ali '-ir V AI q V1 oto, Form 528-6 4/67) `-77— .7 �A 41 k 0 ill RIP IV EMEN W '.f'4+/(',,.I„'rl J,�rY,•(�j.n".{.I �.I, y, ,r+r ,J*r f,:1• ly,e;.yn .`'.jq� ,�i'• ,+i�;0'Ff.j "r%l.r.i,{' '�, ,h•i"r. ,fr''F .-r; -i•�'dl� / ri'•'f Y4'%.r �'1,• ' t , tt r 1 r. j�.'J��r�{-�. ,�'�R%,rf ci S t.�'r:lY'. } /4" f r•, r•�!•r.i itT 1, 1 Sr.'i�•�, {ri V�i `'y '�'4 tir �v 7'yrd � r 'It , .t i r f'+ +,r:.AI'+, ,if �•,7� ,'t,'� ! rr ,"f' t,, ,+Y 4 /•� frr"(F;rTrF; P',r + Y . .,•, ¢ r ', .� /��!,.. ,`. ,,, 'y,i ».„r4 t tyr;S1w,r Yt,l.. .JYI'r('. ryr'.�'.,+I'b,� 17r,r ! •'rt .I'i r, i' i� 1� .. p 1{,�.itL`i, rA'� ,.,r. .,iMrlr..,• ',� r, ;F..'i �•% r. .% f .,�� tll •t, �` Y, f {. . f',,•J',i'• r r' S :j+,jV,,1,1 g4r; ,J•.;: Sr'i!, ',{ '+ l f' Y t`. +�. r: i',i ', �'•' i '•1 !'. ''r .r"�1 t<'(. �, r. ti jV� 'if 11 A' 't. l��'i, '! 't .i i� '/ �' - + ,j ' , ,1'!. l• •1' ,'!, .i ,' I}!' It. ,' t � rt 1. r+ !, t" ,. ,•r, •i ` ._tJ' .,... '.J. .`!1, r :y... _.I ,. ... ..t a _. ./.:, ri..l.. ,...... .t.. e, i•r is r...: �. ,.:1. .. ..,. ..,. •. 1, .. r .. .. .. .. ... t .. M RN !' ri!r r�•� J .r,, �''' ' p'lii:.c.i....•+,.LIL'�tl.%,.4i'.1.1�1�.4tLr«..,�i.ik,.::.il:."YrA't:f.1:.iS!1�: •..a Sla:flw... .. :!'s.i ii".: r'. .. :.". .,... :. .. ... �. 't. ' .rr ' ,r, rY.1 r :•r );}.l.;rj.•' Contrr a2:IGus a� t * ;{ '�x:" dd 1'y►, of .U.1• r 1962 for 1TU T?'I1GTOi.-'.;A(� GIT•1 DCl � :,rY�'•!,;,1:':.., .S�atL19 I'Dw!'@!!(S 'G}3b't i t' '+''rt'''° 1'..rf,A 1.' ' I» 1•.KGi 3•-1--52, 11-1- 1 201193 or 20 ran effective 7 57 5__Idat. Linn j3,c- 1b 2AIpns, �1 ! V. ,y r 1 5..1 , • r' 1 a _ •.••••--".mow -.,.. .� :1.. . t, }, ,••' , �!,'Jr isce? laneous LOCH 'al'`e-' "`� !•. ; '.:;,,;s ;\t'�: , {:::i 1.0 Cover: FIPEE l'ol. ARD 1.01 SERS 5incr?, lOM - r, i.Lll'_�C'iU 1'. 1.02 CASDI s 1 4, 45 r.l since, (D+=Div: AQAll) 7.0.1".=.� ,.,, r�'ursr; ;`;;#•''��' r�r `•,`t�'; 1.03 retro to. yD -- ' •'` ; :'i.'` +;.' r:r.' ,•rAt'�; 'rr;��'•C. � '..,: r ;; ,l �1 01s Former Group t, r•�,,...` rm oup d re-employ tt II `rt • ib.,., pr.Oy al! • •.--, "i il' ri• :4, �.'nr,^ fy r, , fr rr,•,, �.W, J'' .1.05 Refund re - , ri'`' „ t� � 7.SSS•'•'' .t.l. t...' + . tro CASDI ad con+ -.a� +:rf, :a,' fir,; ..,',;. ..1 T,. , �.� •t "';; ',h'• � . i�t � ' . �: � . /0�ry I, r, , aten. _....._.�_, ••-+ ;.... .,.... � '',1, � y . 4r; , r,` ;; ,1,' + li ;r41•,,1al d�';'.'�,r`:!'i'•.;1 2.O1 9@ a�C • • . . . . „•�,.� 1., `..-"-.^' -..r-. i`I"`�,.7rt; ! ,'r.,, r. -or coni;r. rates. i r n1'c'',irF t:• ' r A / 'r' 2.02 Fm 10 t !;,c ;:; d{4 °'i:�:. ,. ,.r' .'' '• p Yee can r. ,transferred '. rr W�t. ..a i�.r..lf.: `. .rt tt!':.1,• e red lives transferred 3.0 Retirement Formula: - 3.01 Easis Port-rala • , , , 3.02 Percent for PIS . . . . , • . 3.03 Misc. P,/S improved to. 3.04 Minimum Retirement Age. f , Y.05 - M;,nimum Guarantee 3.06 Mod 1st $ for OASDI from 3.07 until . 3.00 thereafter lst $ to. 3.09 thereafter 1st $__ to. 3.10 Ordinary disability formula , 3.11 Disability limit (section), 2 2; 4.0 Com ensation Average: 1t.01 or P/ pens its. . , , , . 4 n2 F yP • �. 1 {•4w @ 55 Fri' I%S or C/S Benefits z n H [f s i;,5.ra�' �/ f• .., f r• i 4.63 Gr. ai.•tc@ (date) or�$lt1.6 lint. H H li """ A,:,4•A��;��r,r;�:.r>,�,1 f, , r' - �0 ._.....- �.'!:;'';,c,.,r, . 04 Include av + ir'.e . No +1- � 5. Post -retirement Death B To ,_,,... �!�•.� �„1,„J r, •,; ;; �, r; } m nt D@ Benefits: ° {rr.l. 5.01 ump sum. . It Oa.400 ' �•02 1�f3 continuance (21261r) 00 1100 `+� : r ! r,'#,•.J.rr��,;? { J �at't-. 6.0 Pre -retirement Leath Benefits: TO 6.01 U6c System contr, credit 6.02. Loral 37stem scrv. c radit NO No 6.03 ' 57 Survivo. 110 •---- ° An r f, r + {, � - (213t �'.5) sine". 6.0 ' S9 Survivor (213$p-6 ^- 110 1f0 r _.."'�.-• i (r Il / ,r):i 1 K�a since No I I • ;j t , r, It /, !'ri', , r 6.O5 Safet,; violent iradust. (21364) ;L`OC;i N° .---- o ,tio _ ►,,,: ;.:y�;,'iY,��. '-,r Entries helr'tr _ a �1 to a_ 1 groin--��. •Uuia Service: ; 1 ;,, 4 f ► ; .0 Allowance Increases: ? • oh G c pre.-mem'oership (20804.5) 3-1-52 i. 01-' 7.0 C/S n non -cent. agcv (20818) No 1'o m@trb@r ..ormula (21251.3). . 3 il. C, 7 0 2i 8.02 $100 min. ar. ?_ • agcy. c,, st (20894 5 No t (1'25B • 2) , No ► ; Y: ' `';: a ,.,►; ..,r �`r ' 'li,r. ' r,' 7.011 PIS with 10 ) 8.03 55 to pro-3 • ave. ,I;;, / n: c/s (2eG34 �.) za_ n (21251.4) ur,� 't,r:?'�''' F, .. 5 8.04 5? to pre-7/2/56 ret. (21251.5) 7.0 PIS wage other source (2p839) ;10 ' ' �'" • :':,'r�';'' . 88.05 For 2083G.1 s@rE ice 2) �'o . 06 (20831j • NJ For 20839 service(20840)..._ na !� �; iTo i,' j)�;,, :'i',i'l�'t:' a'•fiC t,,,r •i' r,'� d:�r '�f� ��"`,•':�'' �..,,�:.• 9io emArks ...._.....-,,,„,.��}�!',/{�ti•ty,.,r1�,'��!tr,l+4�,,14r,r�/fit t ' .1'�^d kr;F,�f'"�.+.ri,S1`Jr1 rr:�• cl' r � !i 1 Fr' {ir. 'J,:• ,,,rY.,�+•�.'t'.'•• rf."/,r 'i • ' c: Y '•}.:K , td, + '•r , r"-. fc... �'%6 OC�Obk' .l, 61 rl' ��! •; r ' •r r 1 '�;�'' + F• 'aka � r, ' r I., 4 •/',` ; ',,•" :�'�''� 1 f lifeguards on ocean beac areclassified r,, f1 :. ;! r• .• i.1jR'fi. . •,+ .>iY'''� �'h -t_nr he„ were rec a •{y`,4�J +; �,.,,;J,f credit f all previous se la a3fied 3 y tnertbrtrs ; �' :''�; > • ,, ,,lr?':": '!!! �r•�;g'.f��.`' �^fr� ,,.,r ` t dit or p rv�.ct�. s astet �{'1 �' fi 'rl,d,+•,?il,•r.�t�!' J .;'•% ' "•��•'•Y 'S��'+'''� ��l, �1l,.' t(:''' '/'�yr' r,10t': ��J St+'' �{�n�`�1•r±, '- + yr, > N, 1• Iy ,'//,`.I t, ,!'.'�• {' 1 r,ru ;r l.'� t,fy7ryx�Jj'r !j �', � rh•Y"r'/4 �r,.,r;��, •+ a ',� t:,',y),�;i;r`•'i:i +•',,#•'•',n't.'r ., •.1 dl �r�f• •iEj �,u ,,i � r1'd` �,j,. q''',., ..r'. r.:'ti, ' r,'•.l'��t Bet. Form 556..s (i\7 8/'+�) j. ,+ r r �.o ! �. '' . f ,; I 1 j^'�'',''''' 't' .....,,�. .,..... �.-....«�-,..- ..- ..__,.- - • t )• r J it J��t 3 , �: .i tiS %,t 1i ,r"r t,' , ,� ._..- .... ..« �,��•. .•;�'-r' r!'i `•I yr! ? .� tlff•'•�i•Ir}{�+r! ,�. � ,. j1 't. 'r ,,. _. 1. .�. 1.=• i ,i: r ''r r � 1 ,• •1.. 'J r ' /, -f y�.Yl:ldyty r,'I �� iY +,, l t it ; f+ , 1 , ' i , r • , 1 1 +' _ r r Y, ', • + r ' ,', + t r r 5, , , (' � ? r r r, l r � l' ` 1 iv'Irt ' t 'r} +, 'fly 1, I 'r• t i •r i , + r .' 1. .1 ,.._ ,r� , .•tt���%T(,�i }y�'r'rr � �r I [ •r. !' '+rr ` r A t trf. ' t� •,''•''• �'•.irty� �i r.S �.l: ,:(,1,'„,ttr!!',t ,r ,' •'�v��i���'f,WfjJ;�%q�',' {;fig 'fir ����•`,��,;il i�,r,,�'ti;' R �+ � ,t•' nit d �'�ra •4 �.}/t('r ! , .• A 1, �, , >;,,! t!�;tl '•,I `' '�5h�r�'r' +"+t •'�,`Y '.±"1•: 'Y .tad' "• '' i ,�ri>,•''('••' k' '' 4 ,;'• 1J�,,t •1F"a E4�•. rt. �I 1; �� ' 'r ',� Y '` "' ! t M; f' h +,. ;' r'+i,dJ� ��, tt d is •.'' 'r +�I�� �i jr'. , ,. :! 1' '•, "• • ,r. ti'.i tY �y ,y�ln''1,,3.�1 •r' ,r . �!, '� ,j. A,i. 1•.Y i,�, r,.Pr.7li�lrrr, ,�' . ;';f, 1,•�, „ K'',>'• +5} .. r„ •'rR 1. .��, �.� '4•' ::., 't ,a,}. r:. {.1jr'. ! S'.; 1XK- f r: i w, +j;'. r: y�. q a t f . r� r .: ( , i,.1 1. P• ,,=i t r' i„p� .r f' 7 .0 I ! 1 r' 'iJ ifNf.�i�,. r r .r,,r .t .NY •t, : i• ' �`1i�:rl;'�.' . �f�'t xl .Ir f I• r, 7 •t:'t {j`+.`. 1.cf , t r, a: r:. r'r`' �r ;4 �,r �''a r.,<:'",. + 'a.�a.f •ra.•iJ.:r'\ �,,. t.' .f...l,yY,ie�/......+e..J...+-..aS:•._L i�xli�:�al �'a'�i+.�C +yti t%... S.L1..L,i...:r.t.Y...>t":i_p+ilrLi.:,I t ,j •tr 'J ; lT �!� �' �, n ''e�� '}F7,°",xy •';.I, l�f 1 •��•!' .{•� t T �it?'��,���',,��yyL.}h//''!�I • Xp•,'���,'.,��y5"r�l{��r}J,i r' ,��� .�• �� ���.� r��d y � ��� 7'' ��... ��• 1•, {'�•� 1,��s�t ,�'r 'if 6,��, Y�(r rF�/p••Yj �� '. �i • „��', {'��IMf �, y'4'•J Y i•�� j j6 '1.'�P, r.W �';:.:: 'r�f'r.:'+�e�lk'��f,1•..ue N�ti;./V'.1/ a. 147 .� ! L lift 11 hI is .`�'p�,•jr`' ,i'S 'f'I�}f •fi:+r,i . .'.0 �' r .4 •'i '{` •r: l' 14 .13 Vq :Str+ '�i,4•}•,s'� �, '� I• ,r:1�t.7ar•._. ', �L:r..�i-..r�...,,.'.c.t:L•.a+[«1t.:...:J.ii�s:i:......'c:..... ,... - �.._ ....S:oi.f,»-.. . .!7. •i .. i• •�r . Y 1 , 't:!_.. ,. . _ .. rL(a:._ .,. ..,1,Lt;fL s_.l. ,,....lL.•.._... .,._.1._.....-. ' i '''1 -''' ''�f• Contract Status v; of 61 for tIUI1TII1GTON Di.AE 11' CITY OF 97 �( t Jul 1. 19 _ Code r l " f i'ir• ` r . r ,Statu.9 T!'^ ^?t tJ nu-mbe' Amended:. _ 3 •1- 7, 20.1493 oi. �o58o el'fec,tiva- y�, r>nr�hcablaAlpha 1r10 r j;' (31 10, Miscellaneous i.oca Saf et,� �UARIi�„ ,• 1.0 Coverage: 1.01- SER rsince. . . . 10-1-45 10-1-45 1.02 GASDI since (.D-Mv:, A-t111) 1.03 retro to. . t 1.0% Former Group A re-em-lloy as - }{ ~x ' �� ,?•,•r, 1.05 Refund retro OASDI adj. ccritr• _ -. _ • ! 2.0 local Syatem. . . . . . NoY-' ,� 110- Y 2.01-Ise age for contr. rates. , --- .-..� -..� _ t, , ,liz f:r(s 2.02 Employee enntr. transferred _ •',?:ti I:• 2.03 Retired lives transferred•.:_. 3.0 Retirement Formula: 3.01asiC Formula fm C S`l? sl •' 7"+ f '{ .02 Percent for P/S . . . . . . Q i'' r1001, I' 1 ;,}',;:; 'tl ;•",�t�• i'' 3.03 Misa PIS improved to r .xx 3.01; Minimum Retirement Age. 3'.05 Minimum Guarantee 60 �'6{1 :��0 !' 3. C6 Mod lot for. QASnI from N 3.07 until 3.08 thcreafter•1st•$• to. ' 3.09 thereafter lot $ to. W -� ;�4 A (;;� , •, 3.10 Crd inary disability formula 1. - 1-5� __.. __� 3.11 Disability limit (section). 2112221 212 F 21P-9 I' 2 1 t' ''r/: a•,+y,'�' F i t 1i.0 Compensation Averave: - 11.01 r or PIS Benefits . . I1 _ 1i h.02 For CIS Benefits. • ... . . 11 Fi Fi .. 4.03 Gr. since (date) ur ;1416 lim.�r' 4. o4 Include overtime . . . . . . P1a o vo 1�0 , i;i . 5.0 post -retirement Death Benefits: 'j ; 5.01�Lump Sum. . . . . S JO "1aQ0 S 02 1/2' continuance (2126h) xM 10 1 6.0 Pre -retirement Death Ben 6.a Local System contr• credit 6.02 Local System serv. credit No Jo 6.03 ' 57 Survivor (21.365.5) since. No a'o 110 6. 0lr ' 59 Survivor (21380-6) since. 11n 1io 10 " , 1 6.05 Safety violent indust. (21364) k'X1Ch No „ ,o_ ._ Y _ i j' r•',r,"�,q; Entriea below s 1y to al roues �� ' >,;tr--•`'i`•,. '(.0 ecial Service: .0 Allowance inoreases: 7.01 CIS pre-membershi �20804.5) 3-J.->2 B.Ol To or p member mula (21251. ) 7. 2 ion-c o r, -� ,•r'.. Q' CIS Q ; nt• ag y (?.0818) No 8.02 �lOq min. �,rUlar. (21^c58.2). 7.03 Mil_. 0 agey. cost (20894.5) No 8.03 ' 55 to pre-3 yr. ave. (21251.1�)t ` 7.0!1 P S with 10 yr. C S �Q9 Ir.l) ?10 8 Oil ' w• ` ` � ..� / / (- 3 57 to pre-?/2/56 rot. (21251.. 5; . • ? o'.._.' . ►,:, ,.05 P/S wage other source (20839) No 8.05 For 2.0834.1 service (2083!,.2) No 8.06 For 20839 .service (20840) • NO �� ; ' it t,4{� Iaslu3iovs er Remarks �'•'.r �rfe 4'i-,e OcYcber 1. 1961 lifeguards on ocean beaches were reclassiSi d n � � ti e. credit fora 7 e a .ttfet,, Yt m, s �� '' •''e* r:: r" c � 1 previous ::cr-rice„ , I E`{,': ,-T ..�...._..,__.... ,.._. -ram --_,... -- _.._�._..____...-._....__..-. ,_...._. _. -. _,.._. ..... ,,_,.., ,: TJ' �"iT;.�;,•� -- '''"... 'Y'tti d'�^r,j'f �...�i�.•7. •t1'.I,r��.�,, . , I .•'rr• .li, r ' .'r• I! Q .�'41` 1 C.r�k t�, '': r 1 �'�iT�')�'f1 �^Y'�r'14f:1�t.. .•r '•• 'I ' _ � ; r '.t ;, {�+, ..q f�:,'•i.}it •!y �, �',1',' ,'{. ,, i{r ',' ..fir• ; L, ,',, y,2• ',. r 4�. era i.. 1 ',�' i',:• ,r',,R�• 1 y'T�RM� l�oP�u f�t,+� � , •l' i 1. t , i /,•f+•ft wMai ssrnw�=ram >��wr ld ' ,• ! y-.' �' ',rr , , J ' r ylr Y, ', I.d�+}t��'} lti �+•st: i .*•:l ' lri ICr ,f,. (' r,• , r , , � f r r f•_lrr(rr l.d f�,{�sr� t�I ,k r + , tl tt.. ' ,. ,� .,. ", r ". " , r t t t• + �,, fr �'',Jfry�. ,Ire?. ' F�; ��,, ,' r ,<' 1 '1 r �'' , ( , .t , •r , t t t' '':' , rF', r,,7(,�.('.�y/h��{y'y�y� j�r .1.J ,. I`ir err t: �,' 't .. '.. ' ,.. �. 1• t ; ,,l,S)rr {����'S '�$�¢j,}�i �/'�"'. ` y�r.;tt 7. r tr ,�. '1 /c '. /' r ,5�,�•j1•s �,l y;1�4'�+'j,f�17y � � �;" , ` },, , r r, r , r '„'1 /�• y, ', t '' r({'`,,',,,•J�+"l, r "'; �'? i ..'r �•, If p�'�ii�{�J'f�f;���}• r f < It`'f'�'r.(, tl �' !' ♦ ._ r, - ' 1, ` t�'t'�, ri�., •,1tf,�l, {'rl,. r,�, Y. �♦ Y •r'' +;, ,{t."`I�� ��+L'/. ' 'r _ �•'� q,� �/y�•�1� �y,y/ �r. �y�f ryr+.y��`�' {.!� frtr}f�. .1�'r, �,jl' , li t , l•.,,{y' �, , Jf ('7i/r ,:f' .��'S�1K�� `y �:tJlr °.C, .e ` G` r ..+I.i. y 1% E;r�!JI�,Jrs `.,'1�� (♦,!i ')''•S k�•;2y.:"j�;1E.TiiN"u �:t:*�aiYC�i+.'$��'�:.:lS r'�'{C>��dC�"", ,rar ' 1/ t ' i�, 4 , (i;l s3�. ,j {I,a' 4 ••• l' ,� +fast, •,#, .� } r'v, r't' :ri1......,�W! �• r• �.C..•4•Y'iti. ,'�, .r''a p' 'y 1 ''�•r j 't .t..l..l• .�' .J:�.1Y.i`�.t....r,.'„f.'r:�'. s.t4ie�1...:...1'�:JOJ:K i.a%. r�.�1,:i JC..:.7.Cw+a�. ....,. - 1 {, - fir. •'�1 �t � �/A{Cl ' t f .i r.�'.M�'it►:�'•�,'ir �' ' "• )'• . 1 , .. � � � ! L 'L � �,�` :rr.li r ±'r : ' ) r,t rot � �, l� , L , ' ! EDI✓u1•tD a. BROWN, Corona � j 1; tr { rhytyf , }• MATE OF CAIWORMA•-WARD OF ADrAINISTRATIOF. • �` STATE EMPLOYEES' RETIREMENT + r.i • , j, SYSTEM 416 141NT14 MEET, P. O. BOX 1933 SACRAnAQATO, CALIFORNIA 9SE0923 P(emrr Direct 1'aa R„pfl, to Se:rlo+ �` %•' i Rotor foMurbarAcc,ounlN�muu....-_ ^ mbar 27, 1966 { •'' t;.; t'y�''y.' ;" 0,.. r �epte ell yf Jul: � h i f.'�r+' r., 'r '',: • us� y Cii;,y of Huntington Pa,. r `'.��F� �'Aw ':. r t'• '7•til;+Sjt�.p.. 't, 'ri.'�:.�t�l'ra�f•;�%r� , 7t n r '.,� ,•r"ry'J!it�'�r - r�tit'�•j,� c of the contrac+. �rr " Enclosed for your file is �• opf between your agency and Coates, Her d England,, Consultin Actuaries as approved by forth and E , , the Executive officer of this system. tiF,�,1. .1 t ') The contract 3 r� ' h� work to t,Q p^.rformed by the. c orsulti.ng for v., F., actuaries in connection with the quadrennial valuation as of Tune jQ, 1966. `,Iw YS a statement from No remittance is to bo made now. You All recei••� of the work. Remittar e, should • hen be the actuaries upon rompletlon • ' •t• •, made directly to the actuaries and NOT to t}lp Retirement System. +` 1 k' ` {: •+•'!,` 1 ACTUARY /•t'. •r r •, 1 lit r. �'x.i 1' ..r. , 'r'• ; �1',i�i :• .({trt r't1?f.It,.f;l .' F a k���i.yisi ' • • 1 �"' t ' r•' i,, � {j f.�1'��1 f�,,��yf' t`f, :: r. encl Ret. Form J391 (Rev.��, 66) +g S�rl'`j 1 � °� . � :; It , .._. _........,.....--,, ,. •..r ea,•,n rr•,•, :r.. . ,.. .. , .r*.,.•... ..�.n+n.y..�,,. r.r.y-.,•.•;.r^--^-",7'71 t _ter•_', �,•'•j-;7•.-r .:�1•�f J�'�y71�Jrt' i r t' .r t ,,. , „..,....,. ._.«.., .. %, ..,. , , , •r . 1 �`� { S '�1r / t� ty' 'N'y � girl✓ Ki,.l!' �'btiY �'ttlt , J . -, J r r r. t'' '•�t�'�. '' 1 ,I� t � Ir '��_ 1�`', Sf•1• ,+F,rsht e. '``. rr' ' , . I , I�,' ' r1� , •�.. ,j(Y�r 'I�JI , iJy, 4, •� � :` , r ' . I' , 1 . j , . , , ,..1'�d ,,'Jty f7' � ',Iy {'I'• •'17r 1� •''.�5 ��' � '. ' .. 'c �/�� , ' � ,I � ,� '}"I, fir, �i, �'r•�1 Y y ''S itv .; yy� r, r+ ( li , tt ` ,:1 't JI'• .YY{•t mil'+ -VI ' ' • ,` -' � �l ' � ' ' �� v ' , rye/y`!Jd r '1• :r. i^q-` ,St � ,i�''i''.� 4,Y �'f� f l ♦', 'r'r `,' '•rY!'Y'r' 1 .+I,' ,..Zr f - , ' .i. + �A li'r�'''1i Ar �;.' 1 ,�.I;' r.., f•^Y t • , '', i ' �J' aj` .�� rl ,I� .1 Tip',: ,,Elan'. r1 4,q r ,. , Y :f,. r ,v, S:!�•,j1r. 'ir'A;rsx rj IJiti{}y•' i6,%Jil/ .'.( ' � ';I '� ' ? .' '�,;'•It 'v'rY��yr yf)f7l�.�t''' `,� (V� �•,•11.: i,r +'r l` L, *. Y•, f i'y,7, ' �,7 . '- ' .'�!1i r ,• rsh+ M SF's'�C1P T, �F ,' is �F•'' , �i'{'+r`1 ,• Y' , ',i •f!e .F 5J t r re 7`' {' r'! '• .,, ,?'+y{4 .,(J y,jiTy;:-..Y, L.n=,{]' .♦ A• •h Jq t,, ,Yr Y.w,. f .1,.1 S 7d.J�',4.J,•%•.,y'Yr f ,ll } ' /, {. 'L{ 1 6•+++,ly',' '%1� .i'S.11Y ._..,..'�.:!...1_Y.. ......:'' '.T" l.', 11.,!71P:: ..,.. ,'1".,i%•l 1.��'f:..' .1•...., ..c�:'J•! r'.y1q"7.:''.s.'... r[S..eif.• •,l;ljr' 'J,}��t''�,• •� r.l..•}:.f a ,, I,.:CA %{i'v. L:i✓.',.A ..e •, 1�_..• i. .7 d. -J L. .a;-.'f..i. ..1_•.. "l. ilttACT Or C' ;1 of 14, inp+,on Se� N ,' ' • r WITH THE FIRM OF COA'1'ES) HMF(.tRTH A14L' EUGLA1vD, CU,; ~t1L'1'.L,1G ,iC11 LitiLu ',J } , FCP. 1dAFaWG A VALUATION AS STAID HE q,111 r By this AGRUMENT made this day of SEP 27 1966 , lg , in accordance `,' I'' , With and nubjec:t to the provinlons of the State Employees' Retirement", Law, by and between ,,: the MY Council, of the _City of Huntinel:n Beach t hereinafter referred to as Agency, and COATES, 1IMFURTH, AND E71GLAR'D, Consulting Actuaries, hereinafter referred to as Actuaries, Agency, and Actuaries agree as follows: Agency herewitn retains the services of Actuaries to perfoz'rn, as r,P June 30, 1066, the f '1 �, � ' '' ..,,.',,,',tt�'� .... , �,' r,_ investigation ation and valuation required by � � SEmployees''tY;�; LG q' ,, -'coon 201�'7 of the State Retirement Law for the purpose of detcrninatien by the Board of Administration of the r State Employees' Retivemcnt System of the contributions to be made by Agency under Agency 'c contract, with said Board in accordance with Section 20527 of said Law. �Sxr,''�'. ;',��''� r "I�'.. • , + ' B. Agency's contract with the Board of r. ni n coverformer, •d nistratio s __�6 present, r '.'rl.,; :;i, , ,':.,.a• '•; and retir'ad omployces of Agency in 2 membership categories with benefits an '�'��,"'••'.''"t:fF ,.. specified. in Contract Status Form 5W attacned hereto, and said contract provides 'e.":,';;•:``1``'¢• ! that liabilities on account of prior service shnll be amortized as a percentage of member 1ru oll a yr untilSeptember 30,_ 1970 !". �`e i% +' C. Agency will pay $ 5 to Actuaries upon ca*a lr:tion of the valuation ;• s<';,: ,''�"`'; '''"`rrP '` such fee being bused on the number of persona and taembersUp categories ant forth above. Should Actuaries encounter any unusual situation which might require an additiona:P. expenditure of time, said situation shall be brought to the attention of <' said Boar6 of Administration, for further consideration. It is understood tStat the t;f'. timr_• expended in connection with said untisusal situation is not included within the , A fee sta Ued herein,. ", t D. Data relative to members and retired persons shall be furnished to Actuaries by the Board of Administruti.on, State employees' Retirement System and the Actuary of said I` System ohall specify tihe ac t;unrial tables, schedules of rates, and otheractuarial r ,'•. ., , `. ,� • f+ r' J faetoru and procedures to be used. The vraluatioa is to be conducted under the direr- ,' II,•. ' � ',! tion cif. the Actuary of said systen, and all work sheets, final results, and reports from Actuaries are to be delivered to him at conclusion of said work. Agent.,,,,, deal with Actuearlec only through the Actuary of said system. �_. E. Actuaries shall render the services herein provided for to a satisfactory and expr!di� �..r Ft, tious r,4irner. Actuaariee shall furnish to the ?oard of Administration, in addition to data provided herein to be furnished, a written cutan-ary in duplicate on the ,. ,i, -,. ' �,•; ,,•/: •.. jr;4'3` Retirement Syt3tent's fo;•m of' the results c,i' tht! calculations r_•ade 'Pander this ngreemert. %. The compericntion provided for herein sh:ali be payable by Agency to ActurarJcs when such slur:,nry is delivered to AL•nncy by the E�nrd of Administration. ,. Witness out• hands; the duty and yea: fir ;t above v.•itten. COA1'TS Fi :EtFiIfcTli AND cI'CLt1I1D ! , ) = Ci , of IIut1 .k'Lori T3i ch (: ''�,' 1:}• ! / ` trsire of A�enc•r BY I. & f _, :Nrtner 1,F1,11611, p. ,. � Sat . ►. // '•�' ., �•• ,� '�' APPROVED My•t e eno rJ nY" Isla ?1�'�fKP"&, Erecutire Offices' T.it � �,� �� `• :,,';:; r r /.�SY i •`rtA+ 1 r tom/ aryMUN fo_ Beard Ul '/ i} "t .j l"ti.t; Y.}. at3t•e S m .l0 ee 3 Iietiz' t t''nt r- 51 l.t} by st _m. Rot. Form 42l: ?,'r•c1 :. ;�'t^.,'''`;f, '," �r {, �.,,..•r..y.i.,•..•I •r•:•c,.... - — ..'1•f :f •- .. .. .. .. ..., ....,...... .�,.�.-._... .__. .... ._._.. .l i 'M1 'ti' '�k x Y��rr 4,I ..Y i t'r '.';{:•,4,,. ••(. ',.)�, '' fir',' , .' .' Yt ,,', ,,. ,;{1 r't"�,Y!���'Pf.�,,,1{ IY . �' la ' � ���r1 r \` -, , 'a ) , • f, , , ' y�d•'�ia+y�•'A'�''f•'' � ,14•Y' �. . ti' • . , , r. ' 1 h'31 'i d• ' . 1 ',I ' i•, , •.:ygyp �?y1 ��� Y. a •t , '( ri,yy 'y tto,p ,(►; i% •i "' .r.,fyr:, !, ' `J � r � tflti4 � /�� r •' .. I j ` ` ' ' ! ' ' + _ II' ' t(`,`I ' S' F• ; � l ' JFy ,,)' I f ' �#�y,•, i5 , i .'a • . . , , ( , r r �' 1 �' 'r f t } r ' '`•�fr/,'��+ r ��' �t�.x� � +�':, � / � � , ' � - ' .. + .,� •: r. 11 J.f•�•1��'�et R�, y"� r•. r�r. r' r` "�Y,.ri,�ri � y�r(i. r.. ft - , r. .'' s' Ir r'�;+A,`��r�y�,��•. i t .. rf61 r . +' r r.1 {' !W+r.•• 1, {,, ',; r• `,' J a'`r(1 _r '•', "'1%{, rl �4 r . •irv,j,/� `' �`: IM1JTA r Ytrir ri ��1�,/�j,.6✓y�.lf:,9�lS:"tr+z,.eatGl:lls0:l. istsJ.{t:tv.:e!'Suis::.'r,'�r:'.::'.C;,i::.:c:'.'.:��/`:/r:.'.aw:."e4a.aas:.:.:iii:.1.:::�L•:f•]'lt:l::if.:A.6.19�Yt5it'f.JX+L:'.'d/Xii3W�fJ�i:6�r (I +F trr• '•.r: �l T •. '��, S''fk7 „•� .f.`,1 •. ,:: { , � )�'''�'7,',ri�TJ 7"� S . i' , .�. if, S' a y Fg� d" • • r . +. �• , rr;ri•, t. ;r �yJ :.t�+!1 ,w ,f : }''4. c)3 + r.�ea ':'• t. /"''+ ('TON B�ii, CI'"Y (IF Code 9 ( •, . �•; �u. �� of 62 far Fi1.iNTIIJ � �. '�,;r' ,'•.; �, " r{y' {�t::4.' � � ,', +Y. 11• � 1_�.rL�• 19 - :,'; a;'• ,,T.t ..y1�C�J+�11q��.r • ! ',' Amended J 201493 or 2eciveNot, Apncable Alpha efftliAlpha 'r .�'• ..1-5G /y _1-1-57, 1. •,,',,; ,•!y `i;�,d;%,' Jt 4��I r " ' r . •' r•'+` �:� -- • Miscellaneous --'�ocnl Safety , r, 1 ,. • } FIRE LIFEGIM11 ? 1:0 (:overage: 1:01 sExs since. 10-1. 10-1-h5 10-1-45 r 45�f .. ..� , 1.02 OASDI since (D-Div;A-Pll) Y o r 1.03 retro to. . . ...... -� _ _ ; ;'r'• t ,�~<; �r, ,. , 1.04 former Group A re-employ as �__ "' r '<..:,, .. ,�, ,� • ; t ? . r 1.05 Refund retro OASDI adj.contr. 2.0 Local System. . . . . . . . . NO No .rF•yr. 'r�'). V,: 2.01 Use age for contr. rates. . _ 2.02 Employee contr. tran9ferI'ed _ _ ^- ; a `' '�''► 2.0 Ratired jives transferred 3.0 Eetirement Formula' - � �,� ��yjI•At 3.01 r3asis Formula . , . . . . . . A Fr A r . p 55 p'F 3 r }el , f .02 Pei -cent for PIS ,00 ' 100 3.03 I4isa PIS improved to. . . . XXJC ' 'r. 1 3 • uL� Minimum Retirement Age. � �� � ,5 �.t�y� .; /+�'�,r�•' ,�', , ,;',�y' ' 3 ,. 05 Mini.mun' Guarantee . �; � Do t` , I• Wi''i' n h 0 6 5 3.06 Mod. lst •a.._._._.. for QAWDI from N 3 �.07 until 3.08 thereafter let $ 3.09 thereafter :Lot $ to. 3.3.0 Ordinary disability fornnila 1M -�� . # t'� � A� ''',( '� • r' .11 disability limit (section). 21227 F ?.l2 F 212 F 2 2j______�' ' _.;��,. :•�'(��''r'' F' 4.0 Compensation Average: _ 4.01 i••or P S Benefits, . . . . . H �_ H i. y + ilw:• 4.02 For C/S Benefits. H _ d'f':.•..r,ri+,w H I( 4-03 Gr. since (date) or $416 ltn. -50 -1- 0.�0 (t a. oh Include overtime. 1Ja o 7a `Io+ ,�. �.,�;,t•. 5.0 Post -retirement 'Death Benefits: '.` 5. Cl Lump Suit. l 00 400 400 gy p r { j a• a 5.02 1/2 continuance (21264) JC�LXX 10 Jo `6.0 Pre -retirement Death Benefits: I r, (f ;F.:fiti � '• t., ;jt 1 6.01r Local .aysten, con"-r. Credit { 6.02 Local System sl, ' . credit No ao. o. U Survivor (c_365. K) sinct:. Na No is _ No I. '.,`: •;, i rr _ ,' 'I. 6,011 '59 Survivor (?.1390-6) since. IIo No Jp ?;a 6.05 Safetyviolet + t - n ndust. (21364) :IXXX No No iJ Entr;.ae below un 1 to a 1 groups a 7.0 S ecial Service: t .0 Allowance Increase's: r ` !r ,1 ''# �.,Jr' •,d 'T.Ol C 8 pre membership (20804.5i ?•-1-52 8.G1�'I'o member formula (21251.3) . _l r S 1. ,)• (.. 7.02 C;/•_; CN non-cont. agcv (2081e) No 8.02 $lCO min. guar. (21258.2). No r; l %�J, • ' ,1,Y 7.03 Mil. s0 agey. cost (20894.5) No 8.03 ' S5 to pre-- avt , 212r1. ) y 3 Yr. . ( 4 Flo + . 7.04 PIS with 10 y". C/S (20834 1) o � 8.04 157 to re-7 -'56 rot. 212 1 � >> r t. 7,,05 P/S wage other source (20839) 'o 8.05 For 20834.1 nerviae (20834.2). No !'��r'': `�f'?�;';'('Yr�°: 6.06 For 20839 service (20840) . . . . IJa _!'' Exclus{oVa S.•Remsz•lts .� "•"' -� '. �" xi ., . . .'Y ' ra ia• J, r Ifs ''.l"'": (�%",;i" t' i 196.E lifeguards on Ocean bead cs Were re lass ' as 8af ty m�nb^rs, .� r. ]tied J('r credit for all prey C ^ rYicea i �.� se , -. _ 7� r !, ' �1 .fir.. + •'•.,:f, i.,,Jf � � � .. r , r j i 3 r 1� Ret Form =56-rf (RFv. ,,f ; r �' •• � 4'• ;F r. �;N3 ti 1J! . ,� 1++yr. r.•l,, ;'•. l�� a ,4r� �•+ , 1 ;a; �•,� �� t vy, tisf•., V •r,. '4 f • r 1 �`. ' a.� 1. ',•,.,`rf..,J.,,t 1�`�f �Je1 ��b1 /.r�i'.f � %,jy'R� Jtx"r'al,'!t%rr`',. r�. i„' r +`.li'''*tYYrr�'�h�•'1.�,�yI�r F ,jr 14 pt'�d A7 to i• } ..'. , •a `t;, 'i r1f+X r'' f-;iY>r"+'"{}'`ili t i./^ , ' 1 ! i •,, - ^J , �, -�„ 17�. i t x!sl �s! rft ,�;.�y+,'1� rt; 411 if%'�;1� ',rfL'rJw �S'�fl'`li;ti .r 1 •1' • ,ir j rv..1 'i'•, •r.T�,r�/•`}.l0%J,,'1!.'r }i,-:S;1 j? I,t g• r, .• y'(�• `` •``,, .' - , ', 'jl ,:jy.:., w. ii.} r`/,t J;'`"c r?rr.?,,�tt:'. •1 .r • '�..r.� .1 r.r� !•�1 '�,1,7 .. 'J• ' Il'• �j .F t,t _,'k r yi�4 •:i'�'fi�M{'n.+.nJyi '{'•i•trt�' .f,'4, t 'e. _l,- -u r,,,,, r• t s .` �r r,4, C`�,,y ! ':�' ,''j4 '1 '( � � ,3.1 t. 7' •.i•, -`rr ,.:i!:v �'/'..V:,f°. yl,i rr:''•:. .: ti ,`�:`.i:':.....^...,....'rf.ilr.C....,rv,:�l".{:+.::„'.l�'S.fklirx �t'.".'Cf,:1.r(.'!.'f ,!!.il'SC„'if.109R1:Wn�a �"' 7r;`• . ,t , i ,,(,..•... LY:.idn ..„J...,...JPS` 1•)s V..i„ /I. i2`j'' /'� ur.� ..31 lrgf ',,f: ;. f. ,♦,♦'PRA 1 U[•"ilUr O �aA�l{'If,Jr.` it it fbi s ; • ' rr ,.: 7 W.TH Tdx IR2v nrI GOAtTF3T, dEri£'bTtmH AND ENG+ffI}}.AIrtVt',D,� �C�t014SUI)TIDls ACTt'�+RIES f' ,} f r • 4 r,,'1{? MA� SCs 7. STATED ili:+i\F LIt I A lAI,iJAT. QII A B;; this AtIFEDMIT mde this day of FP ` 1 , ]. , in accordance with and , `jec t c, t'Fe praviei.cnrr oitithe State E� ihy4 sftiti T r t l k#+ �t1r by and tet�:t?en 1 ''• ,, a 'i L.0 4:�. �' .� �. of the _ts, 3s HEREUFii'Ii AND Ilf?rei713t•tt.r referred to as agency, and CCy��,TES , , r+, '°.tl+, 7, �•'� Yt' EJIGUND, Consulting Actuaries. hereinafter referred to as Actuaries, Agency, a,ad Aetaar.f.ec 'kY•, 'i, �. r•. agree an follows: ii+, •,, ,., ,f•1Y,,., / .A. Agencyherewith retains the services of A • p ?n y �bA Actuaries le.s to p_rfo.~m, ns of J3Ine �, 66, inves tigaticn and valseti.on required by Section 20127 of the Suite Employees' Retirement Uw for the purpose of determination by the Board of Adminiatre of;n of the tft `c r State Employees I Retirement System of the Cor_tributicns to be r•.ade by Agrsicy ui.der i e. ;1 ! Age contract with Pa3.d Board in accordance with 2-ectivn 20527 of said law. tr • " k + t •;� �' r , B Agency's contract r,ith the Board of A r,x•=sent d ,,'`i',' ' i► t f"h �inistration ctr_ ..�ers n` � former, r ^i and r ettred employees o•f. Agency in ulemberahip La{t_garieG 1,11th r,enerits au specified in Contract Status Far,55b 6 atte had hereto, a ry fa , ides c and sei . ntract c;: rov „ r t t �• that liabi..lities on account ° � r nt�. ' � 1 a r A �F j .. ,� r V c shall be. amortized a� t. percentage of nambar payroll until ,�9`�< ''�;•, , � ,t'�j 3 � C. Agency wild, jzy $ 7 to Actuari.ea upon completion of the valuation^�k' t e being bane:; on tha number o. ersoat- itf ,...: ,; .I` ! E3LCh to 7y ° r rfl..ir.1}1.( i••�'';; `+r4r,,;j gpersons and r°,cmbe. chip categories forth ' r I' S , '''��, ' j'' r•'� r ti Y_ � ` above. Should Actuaries encounter any unusual. situratior- whic12 mig2: rsquire all additional expenditure of time said cituation shall b - � , brought to "chc attention of c. said Board of Adminis„ration for further cansid'era.V :•n. It is understood that the � ti �,:, tide cxpended in cor:nect;on with raid unuoval situation is rut included. vithi.n the >''r� Y `'� �sc'�;�`r'•;r`•:' 'r ' `! ; '� s.�`'Y / Pee �taied Ilez•ein. I ;,t f.iIlkr r .• jlgn¢�'t , ,) lluta relative to membhrs and retireA personF sbnll be furrished to Actuaries by the ;tK. "c` , "; ,, r`:,i�t�� Board of Adtri 1.strataon, y p y e� F;c•tircrent Syntiem an3 •t: e Actuary of said } n .7; �. , e _% lc e a f / Syetam shall specify the actuarial tablea; schedules cf rates, and other actuarial factors and roceduren to be used. The valuation is to be conducted de rn p.. dun r the di.. r,•• A''. ' ', ' : f ., r •, � ,�' ' tion of the ;actuary of maid systeti and all work sheets, final results, and reports � ` r'' ,', ' �F'� �r ,A� �} t.' fr.o;7 Actuaries are 'to be delivered to his at conclusion of said work. Agancy shall t ty;'wr�t► ;, deal with Actuaaries only through the Actuc,ry °.)f said systern. i, fir+ E. Act_,.aries shall. render the services herein provided for in a c'' � p sati>3factory and cxpr@i- `, . ,,• r • �' k,icous sinner. Actuaries shall furnish to the Board of Administration, i..n addition f -to data provid=d herein to be furnished, a writ ten sumrxir;; in duplic&te on the ', +• t t- RPtirer•+_nt System's farm of the results of the col.culaticna nude under this agree.�ailt. `�al? CaIipeasat:ion cYovided f c r herein .shall be tayubl e, by Agency to Actuzi. ier, when i . st+ch sgun .y is d,21.+t,crcd to Agency by the .3car,d of Adriirir;tration. our hind, tit= y y' f i.r 5- i:o,.e •.:ri tter. .�aa � (Ia i11c1 c.(lI• .,r, '•' t '� �Ve��t* Uii SS'.i�,'ibaL�',(}[f•i'..� 1+��;CY�+1 y t,t ,:, i'' + � ti 1 i r7 i CQA`i'iS, 1RT , ANT EIr' L, I•'D _ _� ;Js. ,.: of Agency t ' • ,:. • ' Kr A`t'F''IZQYETI I3Y � .�• i�! „Y Y �1 t �+t� , ' •t. 1. `.4't'''',i�t•;;,,�`;�r t »n,-,--{t...•_SpCy, +f°'.-a•.. , Trio �`G rv. I!1',�T.J17.C�.SiYS kh��:i8' �'.xe.utiv,± Q�f':1CL'I'M 7',t.1e Jt �/'�[ --sic_ 7' c, S�' �'.1� .i;P;�'k�.R. } k { )r; • • =.+. r ' r• t, °r'a.2 .sx't'�l�if4:i St —ate IFInpl0 r System. i. r`Y l.l�.Flt. �. y3,y '!.`'`4:•. g{ x'nl• I?aa j•' S.'*► ffr�,, t� r• 1 a a y � r• 1 a Ern.,nt J�`$ E'I,1. ti l " (�/ ") 7• ,ii �t ,', . I' °,.y� :' t , S ,.,. i.e. R tir T. k. A r ,f ,.-"�.�fZY t .f'.. .i[tt•. �, ,`t�,r' `. 1, ,7• r�p�.r r r• 't ' ,r• .(^,'Z• . ..' _"'_' "..' _ ,.w,.. ... ,.. ... ..", ,.. f. r♦.r r.r .. .. .. _., ., ,. .. .._......,.. ....,. ..... ..,....,"... ..... �... "'"' ;.. ^7't,y ,.... ,.1 �f 1 .. ', 1+'" ', - ' ,� �.a, 'yt .k: :'+''' A,l ;j i•'g, r1t N� 51S y( i r r •�5 a��k;ti y'rr•r ',, tf, i r , ,. , i i ` i �.tir,t '4�, t,o l'11'�t _ i ` 1 r. •+ �. �� aa,� + ,"+,r , ' t r ,, , 'Fr,�4 ''i .• .� . 4tj u,,!i,y�r,r,`` M1�.A1,; Yt , '' (, !+e kit 7' {� '� I>, + °i'i•k� , 1',i'+�'•�'• iY` ( °{ yQy"'1 °f,', `*f >ie7�; •:'f ' 7 ,' ,, _ ., ti °r � k� igf,' •r Yy1i f; , r i t 1.IF, it o, 17 ' ,l r �i, ' .. ill •ri. ,' 't.. � ,t I �. � .' � '7'5��' •r✓d-•.. r,�, 7,1,r! + t i' J''. .i'. f�.5i'rr�' ,r w� , �� j i�ii.7.Y:VG.`'�1'G; Nf' y� �$:i:1': /'1 •t:•a?• ;�a'll:t:+':cfre: ,rat` .,..1 .1 �.{;.f,-.'G�;:'.:_..1. ,� r%' tir. �'t °, i To Da1u_ G A I I .. ., ' ", �• Ga�+�.e •� ,t A:' rl't 9•f 'ri' 1, ,., .'. _�.r e..w Ilk, ,+ I I 1 IJj � /' ,.. r -���' `f iif,'":rt f.4'1'1 •+r � , '1 l 1 Y-" .,Litr��,(_ r L`_i�..._—__.�_��___. �_ _—�.- ..r 'Tl��)t r',ir ' 'fr,�f, .r t'SS �, •1 �!` ,�;t` ,,It �-___"'- �•, i r ,rr :r I.1 It .. 1 PLEASE REPLY TO nxrin)> Signed q .. 1. � _�.�. �_ _ _._.�. _... - - ,.1•i•." _ 4FI�'S •� , Date $igncd Rodifftrnt SEND PARTS I AND 3 WITH CARBCNS INTAC . 11I1 ! 45 4G5 PAR1 3 WILL BE RE!URNEO WITO REPLY. 4 kI .?ari;; �•t"'t •} y` it ITAN r • ,. � w.Y�w,` r ' �„ 1 � f 1 ,r ww w'r� '� • 1 � `f � ' r, I ` 1 J 10, '(. r ,., ''• 5/r ` f � ;A 1 f� `'i 1 'I .r •i �l' `��' ` .+'J ..... _,. ....... .,. ...f� .,.,; r•N r s.'�'r:: 'r ,'' `r� :r'�i� ... .•. . !';'.'�: ii ,'?a-'�:�'?r;iiTf.: :'Y`�}'il�l�►t�; :'.•7!;. t�.` r�?.; j• YYY `t lit t Ilk. City c)f Huntington each �r ,�- »�,, r•. f .,.: r `� .hr�;�^�+�' ;s �tlil�tn71lU I• '; ,;�' ..e• • 1E,i:c 'T0 C:.' "Y CX T11CIL IC1!LT .r1ITIMRISs."t'MT02. ." z : aatrr. ci�sci.c�.on .Mated r ..ui rly- t4at „hs City an'� ; • �, f ..� t1:2 r had no obl-igation 7,.xt re-arcre-ard to t1v�� i,.� ,�,� ctcr.:pay x1: in ny ^?Z:1?LP. that airz Cfty r ^t-irL'.:,ont: =�lzmq =Lftr I„ ; I •f' �f. i I St -ate -.y!;'tctav In riot Cs'aIS:17rt'" or i_o^.1 f"I':.Ct� ��J f 11�'11:! .iti all ' al. Che necdri o'. an cw layce nktur a atire',zant but r.-Aher, trctut it bi: in natwe In ordax• tbr�' : ire- ����"�!. r.::. ,..; ";•: r.ercOilIml nav be '.p }' x' ab ' %jith t'a ;:rmrciu' i'GL•.G•,;t of: IJr1.Vatc 1T'12,t'-L'li.ive' 4f1� rL ''.�•' 'It, it Au,x al on c_•cr,srt deci aien •f'n Lot; lut;elca mid Vae nclui.c!: of 4. hn T'Cn.`7icyl Plim C0113VIt1mit Fival, :1 alum: rc-coCP.:.l na i• .'r,`.. 'i thrit VaZr City VoYu1c'Ll. df.'. y zilc- recu.L'Lia''. j ` '. tl.a J ,•. f' r ;r �' ' •' '1 � 1[ f f r J f �� •' f i ��; � r 1. I •. it , !. '•t' i(', 1 I t ,J11� Y ,,+ � j rf 1 �C t , ' �"•'' ALALTMM • ti.. ;, l .. .. 1 ,,..' ;,its ' r ,• %� r �ti'�; .:r(,1`..1;•1xv-, r,,,/`�J:',•ar.•.11.:",Ffl+'.�..'.rl':"..•i," fl,=, r. :?Yr.,'f:.r..r'•;',!.. , :(,;r1't :s..•, ..:r., I:i,� r �aa 3' 44 �Ir`,i. �'/ t� , r'. '�: .`• . ' •' S '�� .�r � r• i�'i%jr; ' is ; „ill. 1, Ir,,. ,r, ijf, � �t;i.: }• r e'j � ,'I•• .',•fir' I , p� ,. sir 1,'t•.�; (',j%� •� ;y +� f.'r•,, i dar:nary 10 19G3 j Y ,4 '•Y1'ri _1�' Mate [: Lplcyoeq ` Retirement PytAtom 12�`! C rStrmat, P. 0. I!c'ru 2-31r, F' /;• J�'• +1,r aFi�rlt�'1L'fi�'to 314' California -- �,;,! yh:; �. �'.•;,. ! Lnclonad h arooith are tExroo copies of c*ctuerLal c rintcract which loam .!Approvod by t.iio Huntington peach Ciwys. Council. at .it,& regular moctin y he-'&d Janue7y 7, IP639 and which t ,, havo bc(_n oxoo-cttcd G.y thv proper city officials. Sinserely yours, Paul C. Joncia PCJ ad t; y ' P Y, '1 r( 1 F.r• r r , , }([r /lit• r'. 1i �a�rr' , r , I r / 16.. r. !. el M' Ali vi" 1'f City of Huntington 'Beach C. fim % 4 Ilay 249 196:2 C,": Niz,:O rA, CIM11, PRO ( Tw-, CVrf Ir At tbe- V- 21ut Council imeting the reclaac-1. oaf tilfma., J�- io rc'-'arrecl. to this emplo"Ce I Y J. p 6k , .aria;, AcnZ with that of 5 otivir revired C,*tl,, Az yrra remeasibur they ve-m raluaut:im,, m cawnckpant to our State E!ir.ilayeau Retircmar.t Syctcn. CO lnz�t that would pcm!�'-; ar, iywraa-c ft, their ponsf.aza vuount. I jxzacd thic to thc; pca.-ACTI cone•ultant .firm vf Lzind'Ln, Intl., ' --misrm mu? Comprt.iry o:L' Loz; An�!,Qlns. verc not of my pelicton p1m, private cr g, vami- 0 -Ltir mntal.j that ralc-2a pown on adi;-,ustruantv of or t' c -miv op-Lnion tl-u--L: thc.- ColiZornia S7 faitzi Rr3ti!-,a- kl�rt lion iv ftir M."m libu'ral 'Chnn rJuat vanvi(.�a p1ava in raui eaut the addf.tio-nal aunt cif --dju:;tmint T7.-Wd, r-,ntabliWi ii Vraz;S.&--,nt Vlvif: ;"Ou- "llowl"Al "1'."L-10 n --tagrcrinC; add,, Thin cormulta-,U: f irCR catled rry uttimtion to a rvcent COUL't (110ifliOn VOtVirV,' n rLiquent b, thr, tircd vnr2bnz-.,, oE tha Lcs- Clt-y Police nno. -.Fin-t '�''�! ,{�•�')' ' "F ''y',� r' r i I�qt. I � r x. `', r , .. ' , � .', 1+ r - +''� ',�� 'Ir, r .I ttt j' 'i;.; i JY �f', 1,, r � 1y. ��ft%�vi+�� r.r !r- (�, /:r) r i , - •%",rlf ,�r ' , `Ix' i,4����5 r,a? �i'•''1''E�r Lt.' 'r ','v.�'' �.',v, l:, -, r., 1 .( , ,i V )p',7.frr:;.•,'!�.:� lV'. �'y�i Ii- i,r x •,1 '! , :l 'f � 1I i 'y]ypr�e � , rll � i .rh ZAq, ,�,,' '� .. it + 'r. '�/� � �••; I:`!�) .:.++�' ,! r" "j Nrty iJj ,,,Y,iy l.y, ,I' ..' �SR.a.Aili9id.r.. .. � � I+ '/ I 'x �, ... .....,`...JJ�...1rdIP'�.:Sidi+l,.ytiaCti'1,Y•ev�t�;+u'�'�,4i/+��lA� ,�v(,51�YY'yJ.+iilyin.,Xi.'�;', � '.r.,.,�Fs,}t r 'f,il� lrt�•, , ,.: , ' � '1�,+r7.+.� Er�f'Yr, e � STATE OF CALWORNIA BOARD OF ADMINISTP.ATION 12'_T b QT11CCT SACRAME.NW7 t4 PEAS[ DIRECT YOUR PLPU TO SEMON December 3, 1962 ZF.•SR TC MtrInHR ACCOUNT NVIIUEIL_._,.•,,.-, — rlrY Of ItusiriNrrron 97 UEAC11 P 0 o. box Igo 11UUTINCrT0ij ©CACNeCAI.Ire "71" a4, I.• ItENRICKSCK The Retirement Law requires an actuarial investigation anti revaluation of the assets and liabilities of this system to be nude at least every four years in order to deterwine whether any change should be made in the contributionn of the State and contracting agencies. Recognition of this requirement and agreement thereto is Bpecifically included in each agency's contract with the Retirement System. The last quad'renn%al revaluation was done as of June 30, 1958, and thus is required again as of June 30, !962, on the basis o: the 'benefits which are set forth in your ugency s contract, The System has completed the investigation .phase of this operation and hap revised itt, actuarial tables to reflect current statewide experiencn. including the July 1, 1962) change to 4% (from 324) interest ct•edit,to all accounts. All. other preliminaru work has b,en done and employee data and specifications for each agency's contiactt have been forwarded to the consulting actuaries who will nccorr_pli ,h the remaining calculations. It is necessary for your governing body to adopt the actiiariol contract which is enclosed in quadru , ...::rate in order that this work my proceed. Three copier; of this contract should be executed as soon as r,onaible and ,cturned to State Employees' Retirement system Attention Section 23 P03t Office Box 1953 Sacramento 14, California One copy will then be returned to ,you of+er it has been approved by our Poard. The valuation to be completed under the enclosed agreement will be tarred on benefits nov afforded your employees as described, i.r, the arinlysis (Form 556-s ) attached to the enclo:-d agreemnt. Many agencies wila want to have additional special valuations in order to measure the cost of amending their Retirement System contracts to provide addi- tionul bhnefi.ts. The Law rnquires such a valuation whenever an amendment would require additional contributions of the agency. in order to arrange for the addi'41on31 actuarial contracts for such special valuations we are enclonin6 extra copies of Our Contract Stutlis Form 556-s with attached explanatory mater-ial I If , rr r J ► 1 IFJ ryA... YSlfr, 6�, •r •r Ir 04. ird.�. lo,f It '' i•1 1'l�t�' �� '9 ,.�r .V it.•2 Sit rr14''1 it r ! v,'J+?s"" •"'%r"r-, .;.', .,,.FI n<;, .r11r',,�, ,. ;, ., Ret. Form F.J?-1 �rtev. l:l�!52.).__.7��C?._•.._ �' f ;,�..;,',., , ��'� �fA.1.1:'i'•�'.'' !1. Vr r �'t s it 1 �'•'• it tS rr r �1•.J;•'`,t �,������nyy (Ly,' ^' ''�' fi' _ • , ' ! r'.�, ',''r'N N y.f:� .rrr rt 4 `'Jr r% ),7A �I ,y ' . , t • ', !, , • ; . t,; �,. a •.Y Y ]�,p �, } i, t}S �' I�14�� �, r.' j,}. "Pop, 4 `' i +;rt i, / �� • !G� ✓'+ ..�ti ar �t;A'i•'t'�'.Ib'i�, � y�'r,x J• { }!I' 1` : ,i k, b'►, a 0 t0 i7 •'\�' ,l il' '<t' .', I ' ' , f 1 t •,• ' f •�, ,r I 1!t"� . . . . . . . . . . P44 �pi p A "41 4jy I t 3`114 n W1, A, P V or, P w 44 '!ch shown the benefits possible in each item of the status form. A comparinon of the st-Atus of your present contract with the benefits which are possible will reveal t-4ose items which your aGency might wish to have valued in order 1-o cLange its Retirement System contract. If such special ectuarial valuation in desired P lease return the extra copy of b Iq e;cpl&rAu mat CU1 a va Ile will then it'll and 're-t-u-r'n-a'�c—t-u'airial contr-act8 vbLich y�7ur governing body would have to adopt If it then wishes to proceed with the Opecial vralustion. Work on the apecial valuations will be deferred until the valuaticno regu- 'j, larly r--Wjired have been completed so as to insure that agencies will be advised Of any cliangen necessary in their contribution rates in time for inclusion In "I. their 196,2-0� budget estimates. In order to help us meet the time table necesuary "N to accomplish this we request that you return th2-ee executed copies of the enclosed act-varial contracts at the earliest possible date. I EN C. HAIGHT ACTUARY fo f Rat. Form 562-2 (Rev. 11/62) 700 -4 t I "r r V 5 13 Al, F y'r�71''`'��r eJ�r t,. 5517 , f,r (/', - ' , , r - ♦r i '4,l YI •. OJ{��y'.'�7 F;�','yi•1r.1,3 I ;,+ i .r,°,I'4� ,7 ,(J, ' " %hi.f. 'iY.r,J",J.frs•(�','`.r�r•1'(;� .' .. , r f '�' •�, r' �, f��.'1 ' IN— re'JI , ` ��,':i� ,) t,•+tfyp C.7SI1' •'.. r '� - - 1, 'r' -,', �..:...5rAY(? ifr 1 4 rl, .ti i'F�ttk,., , iJ.• /, t ++ ?i +' J ii':!tP",n'+I+�l'!'?;.0 r:l,j�rr,; _ _• �k`''�f �'l' •i.', �,Y.li'ft•,,,Ti'�x",�',5g'f ;" 'r ';I !�y[' .t - :J' •, 'I l .l, .. :f S1Jrj', ,-rS.'t Yt JAI '1`�( f J Yl, �, 'n �'•, i''•' I �i , '+ 1 :r, J, ''t y.:i,tYi't:Ja r' .,rr 1 .. 11.1': ,,,. ,f� r•' 1•� ^r(iY 1�,,)' �,9.i't :'' '� J�f f r, 1f f" .�,. - , . , ,{ i' fy `��'Sx7rJ ea: r' 1'f:• J (, y�'! rJf l 'yl'yyrr (L�yf•, ' � •'>�' ' '1•Jw'�."' ,IP.!" ., ..+ 1r.. . 4,,''.S' .. A.' Pr•, Y�f 1; ,�'.'f, .uf rr ;'( ,,, 't•,•/ !!�"; �'o Y''. [/.1 ,:7r•`11i '.,r ,,,,r`�,;,,Y ', r.�a 1, J ,r ..,,3, (.',iN,ty,7, r�rt•, '(�'� r , '�y,. f,'f 'Yr,', .I ,`�4 �j,�r.. C , , N il',a'1, ,�7',:V�..I', +r {(� [�;r E ,r; 't. ,j�; +r ^r •,> � r#J :,�, 4, ..{J, �r, e,.� Y , (..i Jr .. •! 44 'J•Ii '. ....,t i. f•a. J..('. .1:! ., ..,.���,i .. ....,1'.i.i ., :'!:<., ..tr, ....[ el ..... .. -� ., t... "� +' IJ 'fr ,'.lr,, .fir• .r' ;, ��':1.:.<._.. ..i.,. .. a._., .���J.iL 1_• i':..._ t ., r t/�)..:• �..•:} r• �.r `l' .7.• n..�d:.•. 8. !r -. y I • , , , r ear � . , glfi t•'y'vf:l,+'y;,.. Stl�•eN''��:;, �.''H.r,r�,r,4 'i'r('rr•/ , I, 1 ji�' A1'i^;�,a+ •L.tif /l ;�:ryl• •Y; , ' co, :A:r.acl c,T G�1 OF UMM"11;r,cxr ". WITH `ICE FIRM OF COATES, HERP-MU11:: AND J21GLAD'.D, CONSULTIIdG ACTUARIES ' 1 FORtr^.;ItIaG A VALUATIOI� AS STATED hF.REIN By this A('REEI a r.a a this I00 day of January _, �9 �� , in accordance with and subject to the provisions of the State Employees' Retirement Law, by and between the. C i .1�; _ of the CITY OF liUkIT�;G'PBFi Il"sRC3i hereinafter ref erred to a e3 Agency, and COATES, H_- F-UR111I, A.'r-D MGiAIiD, +consulting Actuul•tes, hereinafter referred to as Actuarier, Agency, and Actuaries ,.' agree as follows: A. Agency herewith retains the services Of Actuaries 8 Y er• to perform, as of June 30, L9fi2, the { ' ! investigation and valuation required by Section 20127 of the State Employees' jlria:,`�',' ''•'; , `''�!•.r 1 Retirenent Law for the purpcne of determination by the Beard of A:'imin!1traticn of the �. A.',`' ;•, State Emvloye'_a' Retirement System of the contributions to be made by .Agency under Agency' n contract with said board in accordance with Seeti'cn 20.927 of said law. ' D. Agency's contract with the Board of Administration rovers 24? _ present, former, ( t °,y r • t and retired employees of Ag, ncy in membership categories with benefits as '�': J' , ` ,'•. „f 1'` �"q� + • ,., specified in Contract 5,;=qua Form 556-s at ached hereto, and said contract provid_., 'r,•,.;r,�.tz�'�'-'�;�?',;;,., ,y'�.;:d•, that liabilities on sc^c,.mt of prior service shall be amortized a a perrcetttugc of uiairbe:, payroll until 0ptabpx 30, lWO '' "Lw,�:r� i ( C. Agency will lay p p p e t tram . l ,; f:, .•'�. 27.or to Actuaries upon ca:n lotion of the �alut�tion { M rs 4. MC. such fee being bused or, the number of persons and wember4'•_ip categories set forth above. Should Actuaries encounter any unusual st tua+iron which might require an r '' additional expenditure of time, said situation shall be brought to the attention of + , J,it ,.,r�,.,,j�+`a; : said Hoard of Administration for further consideration. It : s understood that the time expended in connection with said ulcusual situation is not Included within ;he + ''''�•`'I`''''`� '` fee s"Alted hervtn. D. Data relative to members and retired parsons shall be furnished to Actuaries by t`le Board of Administration, State Employees' Retirement System and the Actuary of said P+ System. shall epecify the actucirial tables, schedules of rat.ea, and other ccctue-.i:a factors and procedures to be used. The valuation 'a to be conducted under: the d:.rec- tion of the Actur_ry of said system and all work sheets, final results, +ar..d reports ` : i tort Actuaries are to ac delivered to him at conclusion of Maid wont. Agency s'r,a11 + _ :'+,1 '' I.:• { 1 1 deal with Actuaries only through the ,Actuary of said system. r. Actuarief, shell. render the services herein provided i'.�r irr, a satisfactory and a tp di.- , M tious r,Anner. Actuaries sha2.1 furnish to the Boaird of ,ldministrs.tion, in addition to datzd provided herein to bt_ furnished, a written sum lry in duplicate on the Retire Syf3ten's forll of the I•E►,ultr; of the calculations made under this agreen�nt. .14 ,. t . i. , The compensation rovidad for herein shall be payable b Agency to Actuaries when '':' • , ,'r,i' ' p-- p- F Y E� Y Such cIt[ lary is delivered t;, Agency t;, the Bo,iid of Administration. Witness our hands the day ,lid year fir -it above ,ri tten. ► <i: S COATIAi, UF.T1i� AI�� '-,NGLAND GIMM Qr liliF,(`ii, Tal 11!:&cil �" Name of Agen 131r Par*net BY s L r j'. �. .+. .•:i.' ';;":' , APPROVE) BY :' n J William E. Payne, Executive Cfffice� Tit:?.e Mayor E t t• � t,:f r i for Board of Ardmi;di stratton, State Employees' Retir q it System. Af- T: Rc t. torts 424 (Rev. III/ �2COQ Ctjt� Cleric;'t..+ tr, ':' ,;�•�+ t , .,. --,c :r'^r,•-... ...... vr,•... , .f.. , ....,,r ,.,. .. •,. .. ,,.r. ... ....,.., , •r.- ., rr-.•r..,.,.rr. .,�. .._........_ »... -,e•yArxf I ,! ��t}i+'jyi+'�'S: Fit r. 1' J' ` ' - ' ri1 ( !jr,J,';f ,y6,,,1. r ' ` r. YI' 'y„ •,l;11�fr `'''t !r' :• +P +,,. d ` , �7''S,Y`•ai, , . ✓ e.; 'd fY:��, dA+,+ ! i t . tv -•'�` It r� . '' r `. , .. • ' , ? t'; ..+i • 'I .thy, +� j" a. n , j'�„.r+• ��;' ,�•,�' f,1 '� r ', f Tj' f .1 , - �1 1' � `�'�'RT'��h '� ,`stVJ 7j •'�°'�r�n�:��y , ,t'JA ..I.+ t tf. r,C�,r��((rr'Jii 'tiff. IIrII ,.)k �a7r ift�f,Y.•i, I' ' •. � .S. ' '!' . , r r; 1'r!�� `� ,'', Lei. 4S! } '11 'J•I , � • ' .t. 'in11r + r r 1• �,�(�7�k J ,�� ,,,��l l' t i I •1+ 'y , '11, • J i, � .. 1 /l {�l }• ' '.( r 41 �.iJ� � I fl ,l•Jf +' '{l+r +Jal•a�l ff.r 1 �� , .. ' '�., ,1 ' ', iyiY ',, ,'+i +f,� yf,l,. •i,r'',brYrr, !r',+. .�•' r ` .. , •' ,j: �I. 1 ,�+ .''rJt. Yl •JI'V%X, i',• ' 'ii{1}j!i f� /f„�Jliap)�� y''1 !f' ,,• J' i ' �i I •J It rr �+1 �J1 .' �1,4 r tf,.,+4J .I { �'+�5.^.. �, i 't i".r yYrV l! '"t(1y `'•e , 1 I r •1 , / ', 1{t ,l;' f'�i � J J i ti,if .' ,. 3�' pt Y. 0<�713 `.Y. {,41 � •r •• '1.� •i•�, i r'' t' .'1 't.i sfyi�i?,; At�•tl,) ��'f i'• s,`1� " �� e. ,• r, _ _ � '• yr! �•.'l+c .'.�,`j ! V 1 1t,, `1 ,, J '.n�s,w. ' .. r y +. .' C r t! 1'_"a •fir 1, !I.?"�r r j t ' t.ww� (.:: a'. i ..L •rf.'t_fGYa J:a.+w.'t:!+l lrL J��}�i). ...:1 ..... .. ....... ....., �.r ..,. Z_ +: .,CG'i.:f •.. 'd �L:'G:� tf'4 Ar l''..1.; k.�.Il� •1i �1::7 A. :Li A.C'_ .� .nti•. j: "j .1. .l - fir; ,,if,..rlY��j,•1.' 1 r t fs { �lA.1i "• +' • ` �';'• • ,111J � '�,'.rY!b.�ry!1•'+r.iJl' .`, iiU1JZ'IIIGT011 D1- CITY OF C y7 ' � ' ; " �L."Antrac.t Status as of Jul; �1962 fog' »1' Code :.i, (?'r, l; !`ii:l'w' '�r; '! ,' '.'i:ti l • 'N ,,.,'. ................-.• 'fie,. .';!!x'''1; r.. � � ' a Status r5leane number �} 1 2n;,y3 or '>0580 effective A ic':b1.r.Alphft 1. 10 +mended:l-=_KC. 3..1_5?1 11-1-57, _.:.�. .isce aneou : coca_. •]AY @ 1 I } tf IFS Fol.- ` 1,IFFGUARD ' ' !. • 1.0 Coverage 10-1•-45 1,0-1-145 ., •• , ,' ;, !�, l ' . • 1.01 $fs13S since . - - - ; r 1.02 CA since (D-Div;, A -All) �o lie ` r! 1.03 retro to. . . . . r- .fir �'- � `''"t:•• l ir't ., 1.04 Former Group A re-exploy 3,19 `' J•; ' !+ X;• t ' j 1.05 Refund retro WISDI adj. contr. ... f „,_•, �� r 2.0 Local Syste►r-. . . . . . . . . . _o- ' 1Ca ' L ! 2.01 Use afe for contr. rates. -- ►;' ., i' ` `',' �; 2.02 Employee contr. tranuferrad _� - i �, ;•.E,,,; ...I a 2.0;et Rired lives transferred 3.0 Retirement 'Formula: r, ,} •1 a 55 "am3.0sic Fornra ti�[r�ti ;•!.f'.�'+/'•±1,• `, y'�;; ,i', i I 3.02 Percent for P, S I. . . . 1.009_ ._.1.�- d t • 1 3.03 Misc. P,/S improved to. . . J • + 3.011 Minimum :tletirerlent Age+ 3'.05 Minimum Guar,Jrtx•e . . 3.c�6 Mod.lst $` £or OASDI•. fro, j' 3.07 until . .�I. ". . . . j 3•C8 thereafter ls'f• p• to. :f 3.09 thereafter 13t $-- to. 3.10 Or;:inary disability '__orcmtl.a j' 3.11 Dir.bility limit (section). i 11.0 Com ensation Average: '1 1 � l � •� 'tl,� F 121.297 F 1 2V 4.01--l"Cr 1/5 Belief US. . . . . • . 3 H 1 3 H h.C2 For C/.S Bene.fi,tR. H 1f 1:.03 Orr. since. (date) or•$416 :in. -1- 0 ��-� 1-(? j.-� 4.04 Include overti-me. I. . . . . 1Ja • o t.o 11 5.0 Post -retirement Death Benefits: .01 Lump SILT,. . . . . I.. . . . L00 010J 5.02 1/2 continuance (21264) xxxx 10- :Jo 6.0 Pre -retirement Death Benefits: 6.01 ~..coal System contr. credit .».. __ �- •^- -- 6.02 Loom System serv. credit I No^ � Ho� b N_ 6.03 157 Survivcr (21365.5) since. t,o No Jo to 6.0h 159 Survivor (2138076) since. 110 1 No r 10 I:o 6.05 Safety violent tndu ,t. (21364) xmx tdo 1- _ 1Jc _ Entries be ow a b1N to all roa s 0 'ecial Service: ti 0 Allowance Inorensesi 7.0' C ;i cry:-r, inber n 2,0604 , i) 3-1.-52 8.0, To nernber f formula. (21251. 1) . . . t {V5"20994_-5� 1r3✓ t''r,8.02 $1G0 min. guar. (cl238.2).7.Q3 Mil. 0 agcy. cost Nc 8.03 '55 to pre-3 yr. ave. (212K1.h) . 7.01 F/S with 10 yr. C/S (20834-1) No 610u 157 0 pr©•-7/2/56 ret. (21251.5). 7.C5 P/S wage other :3ource (20339) ;Jo 8.05 For 20834.1 aer�ire (20834.2). . -1 8.06 For 20839 service (20840). . . I. Exclusiens & ricm3rks 2 J ems...-.- �•�4'.l, , ;., l 1• *G1ff•Y41'' Ida �i `• �� '; ":'r,' �^'' fi, 13 �'ef£e�ti`TF Cctcber 1, 1961 lifeguards on ocean heache:; were reclassified as 3afet;> a. - i•.',''3.,.11 5:1fr'' r;•I:b+,'r C;•C"1F far all previous St'TviCr:• �'_'it, t,• f1 ,�,�•,,�,�, 'e + J .',+r',' ` � ,I r „y,,.l r�n.•....••T.-._.._,._ .... ..rh«..,,.•..+..,..-.;, IT r•.r . . �,�, , r f . .,. .... ,. - 4., ', ry+ � J' J:, ,ju I .0 fY. ,'Y', .1 •I' ..' j ' , ,.1 r' , l ;, ry1JY �•r• 1 .'. + , � tie , •r:�yrJ . i ", �+_ }I,, )lie. Rot, rG.rl 11:55-7 (1'l•'7. 8/62)'4A!f'.�`„j f+�'+Tia;.r,'i-;f• .....- .. �, ,... .,r .,...•...._.._. .... .,... ..-. ..I r- •_t: .'rS1.14fi F1'�, !Jt} �t+71' i,',�tY 1+"�',.'; ,� .I,p•�,.>rt.`.ty, K�+}�i/,t jx.. t , l t,� k., + �� .i',I,�■ah,i� .I � ' Via; ` .. 4 '�+' ,>�• 41, � fl f r• 11 I r , • '' 1 ,'yl7 y} Yr - i J++�tr ,,y `J11f t��'I�i• +i'MS.4 d.y i.�. �;�,�I�{+` '� � I �/� �� t�,r t l� ', ,. , r [, :.r�ik �r j !�, .'il, �,t, � r �•t,+ '14 � aM, �,d)V l�..I t':'..., r M • � •��r!i : ,r I ' . � ('.r, ' r A +x'J'F �t�), ��{� fh} i rr f f'� t' -• .f ,• 1 �. ,.:.' ';�. " }.• 1 ! r r, . , it , �f "r�''.rt, `•'ti .t�•=�, .r. S% , ,1, 'I :�f,ii�(Si'i. 'T:r•��',�'�'� r�tt '� •Vr '� 11'� � � l ` �` �j��r9r. y J, t + i`l! , ,t. � ' I F1'r7 .,��5 1,)t,f�;:��.i ,.'.,• •Y;f��t�SS;f�'':''('`t. f•, ,�;'`"' T'' •''J��'ry+t� ` • �4�'�1�;'"1%1F ��:: '.r '� , ,r:. ''J" .. r�,), A''.."`^ ! z •±fi'� i •�:s f "' jr: �rr+ r ;ri 'pril: , u..� e,,�,�- ';ir';t rp ,..�.t, s, .J `SC +, t•`1�` '.f, ., ., 1 �. >,n• ,; li.l ri• + !-. ' I•hx l.�.!!f����1�-f• i'.r._..�i✓;��iA-.'.!:..�:I-tl.N'i�i,►yi�'N.. .. ' ..,ry�}74�1��� ,>,, ttjl•..IJr1 1• , ' rr� �� 1 r N• r,. Status as of Go trac.� n J�7 1;'62 for h'Ut+'TIIiJTOII D3f"°'� CITY OF 97 , l,�r:•,F'. �ir�.. ''Aft `.: �1 r , ....,_..�....,,.r.__.�._��"�fi`."__`_"' .......+...-.rCiOd@ter �M1 •, :�'�p r-,•''' d''� :' " r Sta'fL.j_: release number + 1 ,1'•f•, ((i",r Amender': _ .._. /.r• y,, r i-:-SC'. i••1-52, 11--1-5r, 2olt93 or 40580 Effective ,• bZellnha K t? , �I� • !` :,{,;:,'r�tr; )ire �• ' ,{ 3-1-58. 10-1-61 fr ,ti ;r,l•Jr' f'4'y.'+;��r,(+;'..,...]r .. •. a _ � '`'1, ' '•� .''..y�!Y"'fri,i:' ��. t'.:,�t Miscellaneous aneous OCa a et :+ FTII�, o ,�, ARC l' , .f'Al"� r .; 1, l.0 CoveW rage: J Ja'`, 1" :rY"rtl'-ti).`':.�. •t;..r. �•;' 1.01- SEHS since. I 10-'IK 1.0'' o + Z�`'- 1Q-1-1t5 10_l_ j� �� o i { • '• d.. _ CASDI sine. (D Div: A All) o r.- : ak, r•' , .! + `- ;. N w No ri•'�: .,;.'r ;' i 1.03 rertro ta, '. '; 1.Oly Former Grouprl re-empluy A �-•------- i r , 1.05 Refund retro QASD i+.''f'. :r'.Pk �. .�,•`', r'. V 2.0 Local Stem. • • • • • • • . • ......... __•. ww_ a• y 4y;. fJ 2.01 Use age or contr. rates. No _•„ , 2.02 Imployee contr. transferred 2.03 Retired lives tram f 3.0 Retirement Formula: "`----- ,,' 3.01 Basic Formula . . . . . . . . ��• +7',,r; �'<.,i.' 3.02 Percent for I'/S • 3.03 Misa P/S im 100 pl Quad to. . . .• 3.04 Minimum Retirement Age. , 3:05 Minimum Guarantee F�--•------ r • 1:, �,,g�' , ' 11r. 3..f6 ::�� lit •_ ,.�.,,,, 0Nag i „? rj $ fox' QASDI from 3,07 Until 3.08 therea£ter�1st �$• to• jJ 3.09 thereafter lst $-' to. '".." �.- ....w ........._ 3.10 Ordinary disability formula . I! 3.11 Disability limit (section). 2 907 F 212 F 1 I' 1'rr'� ;} }.rV • w'+''� L:. O Co,a ensat4 an Averaec : 2� .(ts�•r.; t 't.01 I or ? S Benefits. . . . , i ;�E.1 �i �y?;i ,#1.�Sy� /�1 M ' 4.02 For C S Benefits. � H : �I rJ "l. ',� •- j � � N I'I �'' '','`1 t:/-.• ,'�ii '�i'+`h.;j$r „•. 14.03 =r. since (:;ate; or $1t16 rim. 0 0 7 I ;' r,l , `,: Ir ,}, •t 1 , ��{i1 i,:0!� I':c`1.ude overtime. • r� �� 1"x::�� L..'i..�iQ !1'l'•�''` ` t� - 0 Post-ret� irement Death Benefits: ra IO NO I r, ..0.1 Lurr,p� sum. . . MOO $1s00 111(?0 5.02 1/?_ c ont- inuan, e (2126It)---�--_ _,. :ata00 ;o ',:Cl PTO ' 6.0 Pre -retirement Death Benefits: 6,01 Local System contr. credi` C E.02 Local Syst:rzi sere. credit tir+` 6.03 ' 57 Survivor' (21365.5) sir_ce. I,ro No. to , INCT 6.0): ' Sy .Survivor (213�?0-6) since. IIo r "-_.--- _ do No 6.05 S+:eye- violent Indust. (2136Lt) Y.}1CX Plc Igo i t1a 1po Entrie3 1)e101 a)Ply to all grot s ; Ser'-ice: :.CI Allowance Irr�reases: _ M1 t.W.�+ 7.0; (; pre-irerrbe.371iD (209011.5) 3-1-•r2 0 , .� 3,. W A '10 tmember formlxlr, 2 • ,, k • l• I �`�x..,.�:.u:�'�.►;ic�c:Yrt�r;��wL�,L'li�,;'�''ri},;�klr 8.02 ^ �(�1251.3 I , 1�• l.' ,._._ ) 1. 1 7.0 A` 1. , $1.00 min. guar. . (212158.2). 'ltio 3 .I a agey. ccst (2v^89�t.5) hTo ' I 8.03 55 to pre-3 yr. ave. (21251.1•:) un ; ( .rill P/S Fi,. rr. 1G yr. C/S (20834 l) iIo 8,Qj1 • .l '57 to pre-7/2/56 reyr (21251.5). Idol 7.05 P/S NaLe ether source (20639) "Jo g 5 r31a f .0 For 2C .1 service (208�4. 2) . . Pin f 8.05 For 20339 service (20840) . • ; F,.KC1li5:,C'•i)3 ,`.'.^, :if?r�31'�'F--•--�-.�.� ... �...�. �~f .. "'" +r��'y Iy��.�{`�!'j �:.,::�; n e Lards or, o i� �i , if �; cean beaches ti:ere reclassified as i 1t , i ?-':'.; 1', r?•�a = r all S1a`retf I,ei�lirs i r or a previous rats^; c;e. Ret. Form 556_s (:rev. 8/62 r,' f yy }} ,Y 1. c •. Ir ( 1 , it . 1, �.'�r 1 't :1• '511,. r I ..Y. 1•.,.�r .1. .. .... .,. - ..._. .1, J ..I. '...... r.. 1 irr.. ' .r •5• y'; ' ' ,, i ' .., ..".����-i:.l...•tJ T''..,.�r ..< ! r•.l,r!,�', ' 1'. .'� ,,'. i '1 i ' / , ,V t' r 't� '., t ' ,. •r , r ', ` ',t• ' ! ' .f , V } �� 1 .,'i'' J r ,,, {,` ' 15.•. ,, ', I,,d ,,I' J , � �.,. 1' 1 ', 1, l<.1 L 111/ ` .. 1�•, t , 1 i 1 ,, r , Ii, ;, 1 r .J �t� - r ,'�' :l i•� � ' i 1 :i' ' 1 `ll ' t `` 1 ,l f ,� 1 ` l,f .. , �, r, {'• •'t' i •r�r ,. r ' _ '', .t y t '»1 . ' .� ;, 'r , , ij Ir, .. , r ,', .I .. .•f' , . ., r;' < t' ' +l •,1 r1:+-. t I r � t'' .. ; 'r' ., .tl�rjwty',�: Jr�.`I�';I r',l .t }• ,il lh , '•(, ' `' % 'r It�}h.c. `f ��., i' 1J,+� �. Yt� yy,, 'R. �F��� r , - • (' -� •,1f , 1. I�•f'T}'y�j�' ,�r, •'l`Y �, � r.f• ,iP '' .1 'w�} i�'+{�r .. . .', , , J 't i �'t� , ; i"i �l;itir a ��'A• 'i r' ''[. tr+" } •Jd`M' ky�',irr1 ,,�iFi,l ! .3 .. +i ' +,rf,t I+1 (rl ;.rt•� � ,41.+T1. ,, +,f� �'1 � ' 1 • ` " ` i I : ', i5: tJ�+'A i il,.�r l.ij. � '}y „5��,/�rt�yS r` rl��}• +� jr,h rF , } t-' C _ " ,P f if. ,41 :,,"t/r'I'''SC+.i.+,"4�ii4+, 'r ,•qf 410 �! C . 1 l ` h, •: A,�•ry'^, ti/ . ■ ,+, .. .i r^:" S 1 ,._ r y,�•<Y;r . n:+. 4,if•,Y:,� r!' ,�:.<•' r";�, :•4Y� .t,, r:. :,y" �. - /.'Y"1k�'. _ a ' r1��•�?,ifl4 �yy JI' ".• ,e g + „l�.i!, hA.. ..�':.,ti.._.... u,SYtl.'' :la:..:..,.t...l...!'� .��s'( �/,C}f� . •7ir , , '%[,..,y4. . �1 "1-; r �r. "+�'S�`Y.sl! •" r•tt' N'. � �.:t 7 : �..''.. tl _... �X. ...... .... ""jii". l,,,a�Y + •:L.:,r..,�i'r.iu:i ,�'',... S}'.. r r- •��.. ..+t'xi..a.irr._ r..�::.r:... Ir1 .tP.'C,1TL• , llt',. 1�� `r��'±if',r`i.'"'`r,t _•!� ,�• � .r; r'' •• r'I�YYYYY''��•y�,Y:j"•F '`,r• '`F EXHANATIOIt OF CONTRACT SIPIMARY " A r'p �.'.';':Yr.',;i ,9;,,'• + ,•n %T 3{•Y. ,6 ''�'�•1 • , "'r°,:. .rr,,,; l�''I',A, il','�J+'I�,�r ;' r `;.! •�,llyy; rf•,"� ,a+ III:.,."w1 ,{: .r; ;. 1�.�,•• ,. :.•r' 'vtr 'f Forra 556-s (Rev. 6/62) has been designed to set forth all possible variations in contracts .r"1, •�•Ar,`"jY'°r�%f�.' �ii•;.' '`' •D .'''i'"�.1r.!?rA A ! '''f •r''',.• '" •.+ between tics Reti; �ment SystE�m and public agencies, the existence of .any related QASD7 ., r, ,,,}�,�,{.�'`,�, "•., , F:� ! , rx,,� •y+I� � 'fir bo, s } � , " i2 ! „'S,.•�, -. .. 'r l ; Social Sec?Writ) benefits and the dates of all contract ^ v.ndments. Where a coaitract ' r,"i'',��ile has been acn3nded in order to coordinate S;:ate Employees' Ptirsmel4't System and R4SDI " ',� °rr• "' benefits, the date of. such amendment circled. ,��, •j . � -r "Y�, ndr:rnt has been c rc- Certain items on Forrr, 556-a pertain cnly to the date or circumstances of initir�I. SEPS IA "I "7 pp � i,• ;r or QASDI cov&rage. Those are numbered 1.0 through 1.0� on the form. Others MOW bpeciat ,���•`! ,t ��. , r'4 la:•,+ provisions which apply only where a contracting agency has transferred its pro -existing + :� b '• ;r.,5 local pension system to SERS. This group of entrie- 3ppear3 on lines 2.0 through 2.03 `, ' L L y y 1,' Y; ( 6. O1 and 6.02. - ill+ tifi' iilr., ',11'• i,,•F�r;"�,'},',,1• y?l,',;':�t�{ '''''SS' 1J�� •!,; �: �'',' '. ' Except for the fact t .at SERS and MSDI benefits can be extended to employees not pres- • ,� . S ,•rfn'' •{• : ' •s . , �'�,' ,'i�q;f•.:,� ,,, ontly covered, an agency cannot atrtenci its contract to change any item in Section 1.0 � .;•, r,,.,'ti �`'',� '' •�'r•Y i•. y1' `^"` Ott. (coverate), 2.0 (local systen), or lines .01 aad 6.b' . However: , g v g y ;, ` (` 6 �? ore r. t'ie a ernin bod of °y-+- each ahencq* hoe some freedom of choice with respect to the remains items. Those itewti are discussed in groups which are distinguished by the degree of choice afforded by the Jfff'f�;,��c,�.jF'l:�F�d'�•.,�,� t`;'' �% ...ail. `�., t?roup A consists of six items which define the basic benefits. Within each of these, vary ng levels are available and an agency can move from a lcraer to a higher benefit � within any si,ICtl item. Those ,;ix :.tams and their nossihle variations ar'e: 3.01 ttasir, formula (for miscellaneous employees) , 1 +4 •f+'. ,l T. .. 1 0-. 70 U* Provides a benefit for each year of service egaal to 0.7 of r;r� " 'r' fit•' ."r. i'„' 1% of the=-'t $49) of Final compensation plus 1.b% o£ remai.'�%nn can-Densati.or. `• a� ,(tl,l•.". Y'i •4• •E`' Normal � , b �.;.#,% li..y 7'•�,:.+ ,'• +', p: foal retirement a(re is 65 and benefits are actuarially reduced for earlier ' retirement to a ni nLmum retirement age of. 60. 1 70 FF Provides an age 65 benefit for each year of service equal to 1/70 �' `" i • 'x+;t.` ! `' ` 1. t cat' final comprnc-ttion. Miniman retirement age is 60 with actuarial I !<• fir' . (. ,. " + reduction for retirement before 65. This formula provides about 2/3 as 1 much cervice retirement allowance as the 1/60 ri;:ed Forma and requires !' t" '�+ about 2/3 as nuch in the way of member contributions. 5: 1'1/90-1/60 FF Normal retirement age is 60 with a benefit for each year of Y service equal to 1.1% of tee 1st00 of final compensation p /3;� ' °,� 1 plus 1 2 of remaining conpensation. kctuarial reduction applies to retirement before 60 (+1 inimurn age is 5c; >d ac+u.-,(rial irrprove".,ent to retirement after 60. 1160 FF Fravides an age 60 benefit for each year of *ervice equal to 1/6rJ ) of final ccmptinsation -ricn actuarially r'�duced benefits as errly as age 55, actuarially :irprG'I•ca benefits fo;. retirement aftf?r 6a.}t�F`i i'3 the h5.ghest ' enef it s pays approximately `; ,., wv' ,;•, ' t � f orrlralu for :�i5ct 1'irnE::Gu� r.,l_tl�er., rr.�; 3 ., 3 I"cxirntel � ;,. "�,�•;�'; '" w1 50% mare than ti7c 1/10 Fi;:er. x'crrt?a. } t 11 # Restricted to €;r=3 cove eC t:y' t7-'.1D { ' 1 t n. .� y 7 k s the L a•` 11 r 11 -: } it 11 •ArFy4, 1•.otc: In a few leer can�c ac h -�ni�ial� iY{� arm u3e� ins,:e��d of I': f4,.�• In such case, current serc;,ca ocnefits are riot gaarantfeli forarala) but are sLipi. the �naur.t which can be providad by accurral, ced employ�L contributions plus rt.t,chi.n�; a�enc-' i� Weis. r.: �r"'�}':'�F� yu��;�iY���� i' ; .1 ' • 1 "yi t � yip.?`.,�j•VJ��,rr��+'t If i •y / C '{ (?`' Fiat. I`orn 52E "! 12 r�. 1C.", j . r f /I• 1 �',. i1 il' v,1 +il• _ .-rr, ... - .. .. ..... .. _ _ .. '. , ..... ..,! .,. .: .. . ... .. .. .. ..t.. f ... i ' .. I •t,,��"• 'i + ,,.., " `' or wry 2ly 4 W. �� ``S ' • J r• � S��'+ �r� r��rAl 1 rK Y! 7 I mot. 1! top Oft rr Il jr It �,. �, ', r. }4 }, ` ! � '.I •Y r ,,., ,. ,!. 41, A ,l.,.. y` h,rrX15'!' �r'illf�' A.i„ .i:7 r. J• ! r A , •. . ,.'� 5'.' •. ar ,I Rs a gererul rule any possible amendment action here degands an the combination f, yz of SF.Prai go' mzla and WSDI benefits as fol.lcrvs: Possible Change (lineHaoic Formula 1 70 FF or 1 90-1/60 I� FI 1/1lt0-i/70 FF (with OA?SDI) % / 1 90-1 60 kF 1ith �70 FIA' (70 FF uithou0tS0A5DI) 1/90�-1/60 V' with OASDI or 1/60 Fy (ir thrnit OASDT) '� 1%90-1'6U FT (with OASDY) or No change !L ,11rt{1. .11t If` a' I 1/60 FF 1,L `'� 0 ?{V (with O�SD7) 1/70 FF or 1/90-111A IMF tr i'r•Y, �,',li•y' ,':., , 1 1/70 XV (without Q15DI) 1/70 FF (with or Without C45DI) or 1y:�!F.•r . ''.; 1/90-1/60 FF (wit;z Q:SDI) or 1/60 Fr (without OASDI) 1?h !iV 1/60 FF A change in this ite,a wiL.. require an actuarial *alt�,atinn. 3.01 Banjo formula (for gaiety members) 11% at 60 Reatricted by 19,57 legislation to asfety menbers covered by . Provides a temporary annuity to age 6ri Iles a life ensat o. At' normal retirement age (6.A7) life income is 1g� of final compensation lair, times years of service. Benefit is actuarially reduced for early retirement to minimum age of 55, improved for retirementafter 60. } �•'rrli. ��")..RSY ''':'r FF Applies to all safety men (except one At 6O MV I'r: ; r'•�'�I,'`�'', "';;,�';; �ryvflle #066 and one-balf at 55 + is Calexico #f2ltlt) krho are not Cr' ; ri''t';`','; ''; cove - OASDI Benefit at 55 is 50% o£ final co pensation for :boas red b3 . f;+'" It �' � J, '' ' Britt, at na,t 20 years of continuous service to that age. It r,l ' yy ' Except for the possibility of chatzginC the Eneryville and Calexico :V: Contracts to one-ha.'l.f at 55 FF, ar•,erdnent action 1,ere is not advisable jn . .�!' '•'; 1j1l� ' , , because the SERS formala for safety T:ierabez•8 is dependent an ; /"; covrrage action. .t-{ ilillil-Illi'1 Retirement Age M .A r.ff A{i'�rt {') �i' •.' �`,,� �VI'1'''� •' (• ,(yJr1l '1r'�'' '1''i'f r'1 I For :1i:iC�l1'ciTiCCll� I:�^. hCr.�, ttli3 entirely b�1 t2TF r prevision is governed enti .01. Age 60 applies for all 1/40-1/ 70 23sa is SoT-;�ula shcnm on _ins 3 � - I�P ' ' i ' ; � ' ; } • ` f , h . 55 1 1/i0-1/60 an i 1/� contracts. ai:d 1/70 contracts, ago for rl is ite*r is variable only for 3, marbers so that the ►rininti:m age norr -illy used (55) can be reduced to 50. Wbere thlA3 agplics hoi:(:cc:r, '„}',. t'h3 early rt tirer:�n" 2�eneSir, is reduced to the act�a- -ial equivalent cf t 4 5 r 114 ,A {•' �1}V .t'+•.y".�, tl'3 norY:,'�l bcrt�fit ;hirh w�rnxld bc; paid at a5 (60 f'or 11 contracts) y()y thC' S_-.G'1: amount O1 .,e:-vice. Thus an amt ndf�_nt to pr(lvide this ' '' ` A'I{, ' y r' :►'• ',;' ieatsre can be aaapt•ed ti:itticut an artic ,ria1 ti pion and A,ith no `•, {;' ;r.';'�y��?,''.';' �.}iFirif'.� in 'i:l:�lC'r ornf7-,'I , contribi-tia% 1'atY 3. For C'7Titl' wtS so arj�.;�ded thi if,G'1 `21C'r,. :is 1150 d1::C. = P,A`'.y.;'Y''•i :let. 7'O1'm 528-2 12/62 1000 Ir,'Ah, f,'• t.• .r t ,'' ,` r . f ' r' J. p i .,k, Rty�{Fi ! ` 1" rj � r .... Y. ..... ._....." _,.,.... ....._._._. _.. r ... , tilt .' !- `,',, I'Stt�r`,,1 It .A: ',4• 1 ! r ,r t► 1 ?ri y ', ,•'�. ' f ,. '1 ' . r , r 1, '' ' 1 ' ' 1 �5 , I, 1 I(' ' , A ' , ylr I,r i .' .., ,` r 1, ` I •, I ' 1 1 ,, ` 1 yo 4 V 16 b -All An Si q-, 4 -Y 17 V, Y 3.05 Mininwn Guarantee The entry here can be: None $140 4 Y $ f 60:, or AA $100 iA To a certain ex tent, the minimum guarantee is governed by the basic forpula shown an 3.01. Thus, the $hO minimum normally applies only to t1w 1/140-1/70 and older 1/70 contracts and then only to 45 b os a who retire aL the compulsory age (70 for miscellaneous or 65 for afety-) with credit for prior service, However, five 1190-1160 Fr contracts provide a $40 minimum. (Those are Hay Area Air Pollution =W Control District TPUB, Yuba County #h22, West Sacramento Sanitary District A34, City of Davis #437, and Snr. Francisco City and County v 14 nt Agency #hh2). -acts usually carry "'N V Redevelopment newer 1/70 contracts q $60 minimum. Normally, 1/90-1/60 and 1160 contracts provide either � V 01'�,� the $60 or $100 minimn. The $So guaramtee operates when a 20 year ZP " member retires at 65 or older, the '100 when retirerrer,t occurs a 60 or later with 20 or more years of ser-rice. In each instance the guarantee applies to compulsory retirements with prior sex -vice cre-l-lit. 4 7; 1 The amendment action which is mssible here would dem d on the bas. _4 , I., . Mp I— , . , . - j- forrmla as follows: Possible change (line 3.05) T Basic formula (line 3-01) From 10 .4 lAhO-1/70 FF None $110 1/70 Fr, None $40 or $60 140 $ $6o 1/9.0 -1/,40 FF done or $Ito $60 Or $100 $60 or $100 Mo $100 None or $40 1/60 FF $63 $100 Actuarial valuation is requirz---d as a preliminary to amen-.. ,,.-rt action. '--ralzer coIltrilJtt -ion rates arcnowaffected. . . . . . . . . .... 3 M .06 �-hrwu,,h 3.09 1,11odfficAtion for OAS The:;e lines describe the nodifications to SEM5 berr?fits ithich are p ._�rmitted for ccorr;inatiov with OASDI. The text specifies the lorc? of carpen-ation to which a. incitf LC:,tion (either I/1L-O or 1/01 of -L ar the columnar e --.c ify the 1/70 or 1/60 f ormul, while entries sp, -hich service iz s--ubj_n'- to the ncdiftcd forima2a. the dates .11rom v Ser.ice prior to the tint4je shc%.r, cn !in- 3.06 produces a benefit, calculated under the full 1/70 ..)r 1150 formula as the case r.n. s th�- vord If the c ciltrpn3r entr,,- on I Lne 3 - 06 1 empllntll instead of a date, this n3an!i that the applicable n.,odification (1/1110 or 3.190) applies to all prevl-)usly rend-2red service with that ngeroy , 4 , regardless of iliether such Drevions sorv-lce is carre-rit or prior ser"Ice. Kher'.: t,h�3 Phrase I'vari-ible per. 6SPI'l apj-,��arz in •t a level of cocripen-JaUc-n colw-ular Spice for iinr.0 3.08 w-i 3.09, the to which the radiiication ap,'_1:-i.-, will change autoinatically frcin the date, and in --ccordance with the of -ny chang-_ in the C GISDI covert%i wlc,,-,. Re Forrm 528-7 12/67, U-M, 'A V .44 Ar V'! _.._ _.. ._- wr mil. �.::. T'•�•.�T.' pflr.1a.`�I'e a,J� r<'tJ"•.11`�•�• 15. r, , ., .. .` t,'; •,f;,i.5: .711;�.fi+rj'���, Y`r'�',+'�'��'�t�v�'•1} ''�i+� +ZqTA 4T ,t.jf iy%1 ! i', 1/ ' I ,Yf '"`r.11 •( �' `,)3� •4' .:,6{ri% /' ,. r, ;',�✓, ,fly. r I 11171 OM rr,f'6. t ••':r'';SA, :4i iX"'1.,ijf�'' .� `l. 11,�r' y' 4'•'`a t' r� 4 ''j � r !''�',' •r _ •A•''�. 4. rY , .'f.+. + 'Y :y�,:C �`' J},:d Y. ,',. •�` 1 '' ',tK '' gt.W'i •,S Y•r,i�f. r• S x:ia ^.If• •r. .,,., ., �i�t'�•`J .lrli . ,,.y •'• A il'pFt: „�,r !' �a•. L' 1 y �� ! {`YY''.,r,��t`,.'t. ,( , 11' +','it}.Il7�rin.:'::..3lfiul3:'i.i�,.�3::�[`_�4��i:.'ii. •_ ., .!_..._..i,k:•+..:s,....:s."�'�..1.�1.�. } , 't• }!+y1n v 1•y\ !�':.71 'tr, '>kfy4' •f;. h yy�d'}:, ' , ",:,�i., . X;: ,'.r�: . r.'.� , \r+` ri .� •'1 "v{..,•. r'r(`,Y,r ,•,.:'` r. I. 7ti1,' •. ,j1+4 '. r+t„"' 'Y`,•t ', '`, kl��,:,' /..` •'; ', 8 k.a 1. The amendment actions which are possible here depend on an agency's existing combination of SERS and OASDI benefits. For example, a 1/70 agency which does not have Social Security can simply add OASDI with- outv�•, rr . Ile, fa contract amendment to change its SSRS benefits, or it can �f' famend to either the 1 lhO-1 70 or 1 90-1 60 formulas concurrently nee / / / %' with adoption of OASDI. On the other hared 1/70 agencies which also r;;.,''�''I'-� have OASDI can amend only to the 1/90-1/60 formula and maintain a ` coordinated program. An agency which has thQ 1/60 formula can14 + ,; ;;; • C;,' ' change to either the 1/70 or the 1/90-1/60 plan in connection with ; }' +. adoption of OASDI. An :actuarial valuation must precede any such +r'! an. ti 4.0 Compensation average This section defines the "final compensation" used to calculate retire- " inent allowances. For the few older contracts which provide "Money Value" benefits (instead of fixed formula), the entry an line 4.01 for prior service benefits will. be 9 pre -cone." for miscellaneous employees to indicate that their prior service benefits are based on -:`� ". �'`;; • ` ; earnings during the three years preced1mg their SRRS coverage date i (line 1.01). In each such "Honey Value" contract, prior service benefits for sai`aty members are based on salary (of not more than $416.66 per °! ;':f;;.': '$'; • ;, ,' .','I month) during their five consecutive highest paid years. Also, the law , requires that such contracts provide current service benefits on a 1114c'ney Value" basis ("t.U" on line 1,.C2), that the maximum monthly salary ereditablo be limited to $4 6.66 (11no 14.03), and that overtime earntng& (vithin the $416 limit) be included (line 4.011). rnong t,be agencies which provide "Fi:ced Formala'' benefits for tniraeel» lareouy ermloyee ;, only tlar (Veterans Hor.Ne of California #211., City �' _i '^ ' A• ,, of Cal.'_'::i.co ,#24h, and Sacramento-Yolr, County Mosquito Abatement f ' District #305) provide that prior service benefits he based on salaries durin the three ears pret-eding contract date. In siac > ca,7F.s • .. line h.01 reads 113 pre-oc nt." said lines h.02, h-03, and h.Oa must 11 j provide for current• servi,-,e benefit;; based on the: 5-year calu:y a;►2r- I are ("51i" on 4.02) uninF, gros3 comip'.�nsatien but excluding overtime. the remainin_-z "Fixed Formula" contracts provide the same salary averaging ! �. �Y,��h,. �'o, prior z3er��ic+_ is for currant s'_rvice benefits. This may h,s l � �1' el[ --her :a thrt;e cr a firc-year pi:riod as indicated by "0" or'5 11" on 1'. A" , h.01 and 4.02, fiegaardless of their ave;ragin,i period, such con- tract:3 iiU:it pT'GJIA.i_' that bent'fit,s !) t�•�5'Jii On is.,roc r`omFcn.,ati0 e3:- 'i ', �.,,,•SY'. cl»yi, eO of o , rtin.e, tha: 7.irie 4.03 1•`.11- 111r: o irdicato th,.� date: on 't I which gr J.-:' bticr,r,`! efifcctivvt_. Possible :u,,iendtrAer:'t actions on this it _n vary conside:nbl.lr among the a J ncieu . A b; ^I � i r,c sic foarraala change. fro "Monn Value" is "Fixe:ai Forraula" 1;111 :au.toruttic:rally inclnc'.-- n change to the: three-year �• �� �,'�'✓"°� t ai:ciraging period for both prior anti can -rent service benefits. The i %;:�• 1'r t:' three rLx lm d nala agcncier a:ho e prior service bone. its are ,,;3..,,; ,:i atc•ci to pro: -contract salaries can change to tho thrr.: year • i • It ;er• i';v r'., j i •,1 ': 1, '�, �� Ret. Fv:'n 52Q-h 19/62 ICYJ:P l., ` �'J� .Ire !' • 4' iij� 1. • } I +,a . iY�,' .I •i:;r.' "'i,+,� •�',�r, • ` ,, , , . 'f1' - tin �P:` !,`"� I I, • .i'•..,4 .'1j .'P�1'• l ,11 , 1 .♦ :4 �alYt t, •` • , i . r . ' 1 ( ,. 4. • , ' 7 ;W:.*�.;qr..!. Wt `4 J L A AW i�i. It averaging period for both prior and current service alter Pirst securing an actuarial valuation. The remaining "Fixed Formula" V...... t a agencies which have a five-year salary average can change to the three - years basis without an actuarial valuation and with no change in rripm- ell ber or agency contributions. 5. 01 Lump sum benefit (for death after retirement) The entry here can be: None w $300, or Wo A The amount of this benefit is independent of any o"Aher provisions U 4.` f, .-J.A4 W in a contract. Actuarial valuation is required as a preliPliDal-jr amendment which would thin prcvisicn. 11_�mber oon- to ar*; It#.rl fr tributioris are not affect3d. Nr Group B consists of 4 items which are gorcrned �ntire*i.l, by other provifjil.ns T, :;":;'Y oF e contract and can be changed only by Fnending such other provis-loriq. 3.02 Percent for P/S In all except 3 contracts the entry he"e shows -that benefits for prior service must be 10015 of the am-,int calculated under the font-,ula shcwn on line 3.01. Thosp 3 agencies have reduccd th-air prior service benefits to 75% < the line 3.0" formula beeau6e IIZ.i, C., Of special provisions relating to the dinposition of pre-existing local .9 ated he're. Lion s ir, j ic, systems. Mun no amioridm�2nt ar:j S impro7e d to 3.03 Hisc P/ This entry applies to miscell.,_oieGuij tuambciru o-nly mid appe'-i-L n:I 1%rr: 65" In all contracts oxcept tho_,3e four note d b:ilow. The ;-enn1,1;!3 no nirther aolv%%rial Luiprovement in prior scrvlco benefits b.,y,-nJ P f age 65. Four agericie,-, (Emeryvil-le �1061-6 'It" Home Califurnin. #211, Calexico P2114L, and 3acrarrmito-Y-lo Co. Mooquito Abitafrient. •Dintrict #305) have 01(101' Contract- which linit tt rlal improvcr,I:nt for prior service to a rin.,:,-rium at;e of 60. In uch contre.clus thi:-. iten, can be changed onlv b.,; va'uation and c. t fixed to nne of th- m,:,,jcrjj d or,,1111 I-, If i. 3..10 Ordinary dis.:ibillty Prrmla •Tho entry here must be 1.5% in all mi.,xullaneo-oz, are covered by i-,h,3 1/60 ci- 1/'?01/60 fcrmvl-�. Thts r,,r_,:jjjn, t1ji-it any Iq (31-viability L--n-j-7 i t for mi.,;ct - I -i:v:aus rnonber.,; or I nc-n-�,r%rvI cr-• conr.,)cle(' .eel disabilit-llc-nccfo:3i,Lllat--t � final tirs p--n -s of service )0 or, V, 4, .5®r, 6. W. , MA f ra'"•htj1'� Y/J�`y ��d+�•j, : , rJ,�!' �' �l" '' - grit'. .•14 Y. r dM£jY +��r t. .'(j,7"p• r! .. .. - j°t� l ,-„�,/Nys`Y•µ 'fjj" i,i��t" .t`,'yt�,Y z5't �� I I` .. � r .. !/. f ` v `.� �� ,}'�,}'• i• r �'tt�l ?' ''j�'-.'1�'i•T+, iry'iyt, ,fir r` rl,;tr ..�' '1. �'. 'tt• (ts�' Iy"pT< .p7,>,,• •�.�I +7fl; ',Jf t' �j i .I '•i i'fr�''{}h.R" ! [ ri' i •'•. a \� A�� •'Yit :' . l J r 'r \`'' .. ';•/7j X'J^ r',, {'. s '�' 'k+ "!r✓�' r r . J• +d ♦ M1 rt' t� r� , } •,, '(•• r •�• L .A i.�A�.f 1, `i ..� `•A '' � �„r�'M1�'.���& r u .%p r ' r r, ,. " _ . i , I + ) 'r NYa',4r�. r, '` i.•.l��j'�� ± ��''? Y �J<.j rr 1{ ""{ ''�^1y,`i`'y �� ,`� .� T:' , �•I.rt; r•`1,..,j,i. ryt,., •.{..i; �� • pr �..":91R�• �`:(�iy�tTli.M�';��•,�•o''_l t:+•J'�'i,'t�:t�.�� '��• ,.1.J,r r`• •Y� k'IT J' 11?'. ,nd7t '?t,,rle J.+.t' �+�; �...�T�iKdiJ.".]'[!A'"rY.�1L:tiP.ri:`L5'S:'+'i .!t'il,il..'..�i:l'.•,i,.,.�" .. . .. .... :h'I - 'ii�,. � '4,>i�t !,+ . {'r yyyy�� a� !•1 '. rri+r �', t' .fr1r* r�f'`L.'�. i,r • /"--• f" �'�;'f,�I"l, i�.:, �,L�,�"'Ir,' Pl 04 '+q"7+:, :t ,�;; yi tt ,,tf r'�rP. • ,r.4ot,�'if', r• •a. If the contract provides safety member _!,jnefits . ^ily, or if miscellaneous members have ar 1/70 coverage, line 3.10 must specify a disability ILL -..anca a ua1 to 1.28571% of IF ;�",''>n:.'{ "ffnul compensation" times years of serving- f'' ' Regardless of the line 3.10 ertry, members with 10 or more years of. , vervice qualify for the minimum guarantee upon disability ret+re- mpnt. This guarantee is 25% of "Pineal compensation" a--bjest to the limit specified on line 3.11. 3.11 Disability limit (section) Thi i entry specifies the section of the law which defines the maxi- mum allowance pa",ble for ordinary disability. The reference is to Section 21.297 if miscellaneous members are covered by the 1/90-1160 or 1160 formula, 21296 in all other cases. Those section-, require that the disability allowance cannot exceed the servioe retires►,ent benefit which would be paid at normal retiretrtent age If the member could continue employment to tt!•at age. Ito section number Is followed by the letter 'IF" where this; limiting calculation is to be made udder the full 1/70 or 1/60 formula, "fill when a mndi- ti.ed (1/140-1/70 or 1/90•-1/60) forrmila is to used. ('rou C aonsistu of lb items, each of which can either be included in or cmi'tt•ed from an agencti's contract. They twist eitht.r be ac3epted or rejacted as they atand because the law permits no variations within any of these items. In &11 cases where one of these items is 1.n- 9 I clvd(-4 the date of such inclusion is indicated on F-556-s. 5-02 continuance (21204) S t; ;,'':,`::F.•� ^` 1pplic,,bl-� only to widory�minor , and chi:ldreln or prerlent ,and future ;. ,,',' ''"<r; ''��• )+'� cafety c::.tsi:Syr ret•iraus. Provider that one-half of the rehired e I r 1 ( f, 1':+ • 1 w �I r „1TR'''• i:�mbc.r ,� allot.arc dill. r,antinu�. o his survivilig widow (or minor ! I • ,. �� ','..,1:'•r� �t�"'•B{� children, U no ti:i.d:;r) until her death or remarriage if retire- Irc:nL .-aL, for se►•vice' ,n irtciu5tri,.,L disability. Actuarial valuatior. is reCiuiled prioI' t0 'l I: V�Gd::r'Ilt•. 1.1'2n',bc:r contribution'J rates :Ire not affect, ti. U ' 57 SixrviYror (z;.365. r) ��+., • �' f,, ,. ,' ,j j F f":•Q�Ld:._ All option'ii lL.. ix.vome: (in lieu of 6 months clay plus ' refund) , contribution) �o thy- z�: dou of a 2c -yes r I:. .:'uc.r who Gies ' 1 r .' •` '��"" "" �'t'' ,:s an employae after att,ainin, the minimum ar,7, for' sorvic i•'tAi�ro ens An actilari? val t o o' ',d for tT 7 x� f n '�};'+`i". .l un i a i'I rc. ,IIrE. r �,Ii � ..rrt.n inI_nt. _ i':c:rb r r;cntr ibut•ion:3 -iro not aff; ,_:tetl . 1' r 6r0'I Ie9 Curvivoi- (21380-6) 1 only to ';ctrbi ri vho arc-- not. cov-ircd by C)ASD . Provides 1, per rxfth fo: oncli eliGible survivor (chil_dn:n undo: 18, .iidois r'i' r�• 94,,'z.' Het. Porr, 5^6 � 2 /60 10,00 ,. . t � r�� iCr.� a, < t r�� 'r/` � ; i' ' , + .I ; • + .. / ! , , fir' ih/t•� `�+,J •�/',+', V. � fr .TMr:,Y,.•.5�ir•'•5 � 11''{'� •r,r.-( ,,' ', '41tr+,'�A�.; a. '• r. re: l 1, jr •�t ,'•AYIr I%�.�• "'I ;',',l,,'+ dr r'+`t' "H ,rifq 'ry n•` Y�.4 Y, {,t j,.�Y ,,• Y ��• - ,l � ,ri• I K (: tS";f� . I +�:f1('{ 1 '' I'�, i. ' err ,' 'i f E.. y>+i a !. 1 •E',.; ( � {� ����•••'+' �y'' 4� r y�ra'S ,, •+•,1 - i}' ',�" r .'r.�.. ', I � ±5 , Id +' ' �� ,!P'Yj t•yI*r� t ,y�/r�1'' Y .l ' r. •��, �.,Irl., i�:P,'�:. F,rnfs: q,WYk ., .'•4?' .r .�:'•'.i:+:i.''- :tC !�r'.ai.:. �Ili�/ �', .rJ!','tx:. �'1. ,.-` l,.Fi:iiir:.La.!.•l,.'.'..:•'e"�:,Y:`R,1.ji.Y.:.f,:5.`Lr7S :}:'Jls,��:'.Ii'ys :'f� ,r 10 ,f ��x..,.r•s.ti'�t:atratx?A/�/;.:::•;Y::�.t..t� .... ei ,,Ir' '�(pr 3r 71j , :.''•'' with fm*b ohisldren in their caret and widows62 or older) up to $250 }Fby per family upon death of coverel employee. No actuarial valuation �',i; c: ' rM° „'•:'': , ,'i ' ..• r is required. Each covered employee pays $2.00 per month (non• -refundable) and agency pays $5.00 per month per rnvered employee until agency rate %;';N ';' :'`':ti� •' f:Y ;,; : � ' is adjusted by succeeding quadrennial revaluat .on. 6 05 Safetyt� violent industrial 21 ' �r 7� Ind}�� •.. �' ,.' '' I• 17 li Applies only to eafety me,�bers. Provides a benefit in exceed of the usual one -hall' pay vhere service-oonrected death is caused by external violenpe e•, physical forno and where survi,voro cnnrist of ruidow with one: or mre children under 18. Vie additional benefit ranges from 12i' of pay (i f one child) to 25% of pay (if three or more children). Actuarial valuation la required. Member contribution rates are not affected, 7.01 C/u pre-r•iembership (20804.5) Provides for crediting service rendered after contract date; .oil line 1.0].) and prior to member.00.p. IEequit-iq that, members who elect this right must make up uontrlyutions based an salary and rates in effoct prior to memicerr_hi.p. No actuarial valuation required but agency mist pay 0.200% of member payroll for this ,armendraent. 7.03 Mi?, 0 agey cDat (2039h. ) Provides thRt agency bear full cost (including trairber chary) of providing credit; while member is absent in military service. No I If actuarial valuaticr is required. Agency cost will e► arge au Eai set -vice gained by members is revealed at quadrennial revaluationv. tt,� 7.04 P/5 with 10 yr. C/S (2083lt.] ) If' a break, of more than 3 yenre has intervened betwe-en a member's Last tiervice before contract d•tte (line 1.01) and his initial SERS 7�inbern hip, his prior service cannot normally be credited. Amerd- ment to include Section 20834.1 crodi tint; of prior service in ,,uch situations provided the member i5 credited frith at leaet c"�_s of current : ervi.cl. . . to t ye r � � (after the: date on line 1.01) with i' •:,:,Y''` ' •. , + ��:•�'�': •, tree amending agency. t•Eenb•.'r contributions are not affected and nr Actuarial valuation is required. Agency cost• will as yt ' r;; . '''''' , tlervi.co gained by f1E_Ynbor s is r'.ii.'ealvd at quadrenrlinl revaluations. 7.0 P/8 iia�;e other source (2083h) ,, , r..•a Y Prior serviol.- ( rendered before the da o on line 1.01) not nc r:rall.'r h � • +• r �' ��� c.^editable because the compensation th:�r•f(-r wa3 not paid by the 1theIlCiiIt' agency C^ri be crl di+.ed tinder Section i'.+�',.r' ,sir •� t ;�:%' Y {d t 6 E Y tion 20839 uuch eervice '.ens performed under an officer of the amending agency. afember contrLbu'ticne are not nffr cted and no actuarial �-,Jlaitivn is ryu!red. A ren cost to = Y ' q G • �' i]"7. :merge -.� •cr�'ice t;airic:i by ccr:l seta LF r,!vc!'al<+d nt qund ' revaluations. r rug a a 1 Ret. Y orn 528-7 12/621 �.C`ti' r_ 5o I'. Y'r� y• ,'r ,• � �!r'* r Jfws'TS+'•Lj:i!• 1� .r`. 1 - �: .` r' :t. ,f¢�,•,�1 r jt r 1 tr' j?S ,t f 1 , t .. . • S + �d. V , r, rV49,e,�, rL"r.y�$I ,i *" 3��i' } � •L; � f'+;•-. , i.�-. L :r,.,rycd'ii lTj _�.�+ �t ' r '• .r 1, f. > i,l L! t;, ttk' L '" 4•'rf S 5i.Ih lr '1'(L .1. #L r' r1'•) ,, r 1 •'i'ri �',t}�,r,•"1i'FT' J'r •iX i-'iIf5fri '�'�>, ny?rt)•I•y�, .+w•j.+,), `. ; . - ` 'l _ , ' rr '� �hNr'�r'•.}�'-,X%'•ai1 .t /L ;l ,t, h,LL 1 ,1 ii t I �. r J, ,.r ' . . r r •} t +rr gg �S ��� ,t +l f, ,' �r,k. , {�j,,�y, ;may f.`� :� r{'i?•;,''1t f ' T''!�'' � P`�'. r+ S Lr'',' 4"L'}` fyr r,t..t � ' � . i. , , t:. .. t H,..: /.'TiL.tX:rR`_Li'A�Ct'%/.r74..SCP s5�. �•,'' �;i r , >tt. 1rL �:f',. a •,• yi�=�-�' `, ' t, ... ,., ,..,;•'.,, ,, •v'. ! s. Y.�. r l a. , , ,: .r;'r^.�1.J �K'. .!r' ' �,�.'?`l:St14►�i^..�a.L�'°.�*7'+1�.�L°iJ�',YrP:;"tit!r.,'tar:.'a9rrr:::.JP{1i.r:r�,:,.�arJ�i:ir�t.'�•�r�y.4.4.,: .i��.•:.:i.'�r�L!•rl.>ti:��'�Jtt:�:i'S•frr►�„r,L...�` f. ` t.• y; '�A le 'j., r3.A• '•,; t`�;i'',. ,• . 1S',.�1i• t (' rf{�'�'' /";� " ''''4'' tit r. ,r�,gfy.- �. }. �.,. t �.,` `�!",,.,•, i� ''fib"" '.''i !• ,'t. ,��,�;r: ', l" '•va�' tt•' ki y�Y,ir',"•�f. ,'4��.G, 1'if�:., .� '..', C,1}'' !••r;F:' ;ia..+ t p�.r I'.ty,�§:f�i:ClY r, f.. ±SST'%.fY4� r• �� r�ya, Y "',i.yd► f� w'{t�tL'. l;l' ,• ` , i1 r , d' ; 'rr' ''. 1'1 . ,•'7 . ��; 1 � .j. r . '1„,, t tl;+ • ; t'tj'�..,I t;�, �''''" .�})} rl THE, POLLMING ITEM APPLY ON,eL�Y TO PE,RSU IS +;*�, r11 �,•,,j .l,, rt,ry, ;':; i .;i!. .i, ('�+.�.t..y�y r IMM V nt�'iCt,..r... I''j �. ;rr•'i '�.I, ;.� ]Xry �' t'4=t'�iFe,+i Ih•) .! tt, r"V >l l../ .,1 . �t ?II, f:; , �' ,"'t',, 8,01 To member formula (21251 3) �t7f, creased allcnran>,en to the amount which would crave been paid had all the exioting contract, provisions been in effect on ti,e data of retirenent. Aotuarial valuation is required prior to amendment. 8 G2 $100 min guar. (21258.2) ' }, Applicable only to agencies which alrr:ady have cr axro nmending to the $100 minimum guarantee (line 3.05). Brings allawanees or lase than ay x ' $100 to that figuz•-apulsory with prior service e where retirement was uo credit or occurred after age 60 with more than 20 years of service. Requires actuarial vailuntion before amendment. 9 f ,�" if �, .fl •L, ,•; '•; i �.+�� ;, ;e'r; �'�'';, ' : d.U3 155 to Fre-•3 year average (21251.1t) k, ,, ''Y'� -•�� S-i-d�%1.d0$ i. oroat>a3 n ($15.UU tu--%25.00 Sor those with 20 or more years •°'.'/. `✓ � 1, 1 ,••'lr „,,S' � ' r '?!:tf, :'',; ;'i '.,' .• .:;', s of service) to ran.mbers whose retirement allowance cans based on a 5-• year (instead of 3-year) salary average. Artlaarial valuation is r M#, t . required prior to �;rfreardment. .�? t . f,+,y ' ,����, � �.`': _', ;• �' 0.014 157 to I,; e•-7-2•-;6 rF tiran►ents (21251.5) t • ?� t • ((((((111 + r [ T.��'�1,t�;iy�:,;, � �� '•;�;;' ;, �• tiemLers retired 7-1-.56 end earlier receive anallowance increase of X� ; ,:1._''"�;ti ; ; '" ► ;j $10.G0 plus a percentage (not more than 5%) of their preacnt allce- ' !� •:; }s `;t ',� '';' �' 'i anuo. Actuarial valuation is required prior to amendment. For 208't .l uarvice (20834.2) �• ',,l;t, �,ii h ,q{ Ail . /. .:� Applies only to contract'stahich ir.^.lude 5cation Z0ti3U I. Permits ::r retired membrrs to receive prior ucrvice dit wider Section 20a3l�.1 � � . r � ' �` ''T�' •��, ;`�1:' ,.,�,''�•:,;, fib,, ' ,r'` , or, - (ace discussion of Iter, 7.04) <M receive at, ^llova.nce 1..., i cri bt�fore amondme;rt. I-noreut,es. Arltuarial valuation is rr.quir r• ��i'f� ' t. ,• fi.Cw T�car 2083tJ s��xt*ic�� (20a1a0) :. '' � ..«• �';a.,.,��;,'>a i S+�Cti0I1 20U3�. Permits ll. Applies oirl.ir to nentracts which include ` i t f' :i.r, •`'�� retired members to receive prioor ser':rice crodit under section 20835 1 `} see disctusaion of itan ".05) at:d receive corresponding a?lo•4anc�� it'r,•fi' • ' ' se.� Require* ar.tuarirrl yr;ltl�t iCn prior to n;a�ndrar�nt. iflCrt.7la Q �' ..•r•, .r '>• 'i°�tt �. r4• i r .t, Li'' F'-Jrn 528•-5 12/0':. 1000 i 4,' .. .. - .,. r. . ... IJ,• .. ..,.. -• .�.... , r.......... ..... ..: «.r...ti- It i 1 I' 1,',� y�,.J, �'+r• ,•, 1, ,. + t,j;, /xa r..! ',y' :r` ., ,N i Y. y'y {{ `''!' L } L " .r. rL` .. ,.+�. .. ... .. ...... , ^.`_. ..�. „ ,. ,.t.L ; ..`, ., ..,, r 'j. ,i r 't' "•, . t• ''t,, ,t r' 11 Pi � 'ir Il.l � ,.1 '' fy' � ef,+. i t ' � , ��•. r'f. -, ( ,t r I , ;r� ,r- 'I r' , \'. , '�",{'f . l�a .�',i 1,�^f ''10 JI ' r;..f .• J' ',, 5'I r •' Y 1 �M� r Y..r - - - ' h�,,S?y ,' �>'{]'YI ',�jr i r La, �; .4t�x}Irr�. rti�,�l:x „� + `, •rv. .. ,J� ,,.,y,f�•ji� t ,�, r si• i�.L1�'4y .+'''�'.• �1 l: .r. .��1+•y., ''�.�,�� . T{ ��� ' • r�r'. •'.f. ,'f i t ., ,' � 1 , ,,s i•rl..!• 4".�j;{,•, •' r/� } A'�a rr, r Y Sry.7tl.l7i•�7,�. 4 a+ /:w t:.7'i..,l `:I: �,t:f i/l.if i,�.`�.e. ,7'f a.'. .. . .. �...Yr._t1.'�' �: '.+).•: }r.�i.Y.Fi.••., S'Ja t��: { >�1 Y •, fL!!.y'..•Ir aw rr.v�:•�•.at,P..:tl✓•.•a./ra:3 i'1;+1•31hiLKYd,'/!'::` fl r fo ,E 1 CITY OF 9.1,,__,_ 962 1�,1I10T0Ii Al� Code .. Contract Status us of Jul-',____..._.. r 1N r ,' .•;' �ir:.'r� ; s't / *thbr L ! Statu•� selenao n__ u__'er ia3b1e 1Fha1510 -_ 20493 or 20580 effective NQt Apnl_ -__� f •,t , 't , ',awl I -1»;Cp. ' 3-1-52, 11-1-57, }� T ' hnended r d f' r' ,A�': pJ, plYy p)`W r•Cr �', ,i{•, ff ( 4 3..1-�U _> 1 a (; ......... --- ^•�"•""'� �, !y�' Arri rr I /y�-�• V :',V9 �� 5c@ a � OCa a et ,9R7y�lfi?;I:Y'''.t.'� `�'. "•j;+•1; ,'-.+•+r.."• � O .- LIFF ' 'i,'��,:1'4l ,✓�"�''�.',l��r+•;��� 'i'�I '�•,• r --J �l±`C.J ��r',�111;iii .. �� ti. ,',> "' xl;: 1.0 Covers e: 7.0-].-45 10-1-1.1 trr,' ►r.';,. Old 1S since. No 'l. • 1 p . + - - i•f•r 1.'r J I 1 '41 4 1.02 OASDI since (0¢Div;, A -All) w.._ r».. www ..-�..-. ► ( :t,P. -Y 1 03 retro to. -.-- T 1 Olt Former Group ! re-employ as ' Y}to ,� + l� t' ',("` i `' '1r v "��''{ ` ' 1.05 Refund iretr 15DI Rd j. contr. t NO k I 1 r • . • • . • . J.: i�. : „ •Tf. , l� .,f• 2..9 Local - �.. rates. - 2 Ol�s'Q age iur contr. 02 transferred - - ' -- -! 2. F;nployPe eontr. - - O•�I r � � ..., 3 Retired lives transferred f ,14 3.0 Retirement Formula: a►' t>: 55 ,.' 3.01 Basic ' o •m a Ot1001 3.02 Percent for P/J Ux r P S improved to. '3.03 Piisc. / _ .�. 5 .. F.ctire;rent Age yam-. 3.04 Minimum ,...,..,_.. Y. py Iiillimum Guaralltee . . . • . . O ..�. -... rf; j'06' $ for OiuDI from _..__ NO... ..r. Hoc! 1st `7 j quit' : ' �,•;�f. f� 3.0 until • • • • • • . • . . • -`• wrr wrw ,: •,.; '•a;':' 3 0 thereafter 1st $..-... rrf- ,.r.• 3.99 thereafter 1st $ „o. i .1 q 141 a'',�+�: Ordinarydisability formuwa ,,, 3._i 21c F 2 ? Lq� '( 1.1 Disability limit (section). 2 2 ! ' . +i`'. f'•�1'1�.r. I �0 Com 5T►9ati.on Average: ,+a,�.%,�•' `f It . p 3 4.Gl or s Gene itr . _ H _ H r enef it s . r' For C/S -- p . V2 Or i116 1im. �.1-1-� 11.03 Gr. since (date) $ '�:��� ;0 11a •_�.__�. ,. '1 "4;: t, ' 1t.01t include overtime. 1 o Io ..._._. ' S.0 Post; retii"'ment Doath i3onefitu:11,00 j.Ol I.unp aurn. 1400 ............._...._.. �r._. J1, 5.02 1/ 212G ~� do .�, - _ !"o r .• t. �, a, 2 cort,itranttce ( Lt) '.� 6.0 Pra-retireml.:nt Death Bcnofits. _ •,1` ,1, r} - -- 5;r,tem rontn Credit 6.01 ecal .•.L ��; ;;; 6.0^c Local ;3yat4.m serv. credit ho rIo 6.03 'Si Survivor (21365.5) since. _.._ .._.�. J ;. 4 6.Qlt ' S9 5urvivo: (?138c1-6) since. Ila r.o o id�o , I, • 1 r r ! �. Na 6.95 >+ P=t�S' t i.oltn-tj tndust. (21364) LY.0 �.i' Entrioa b_lart a nl .0 Allowance Inorbaso: G.f 1)k 7.0 is ;iervice: i .�.�.' '" .. (2C�901t.5) 3-1-52 8.01� To nem er forrLa k21251 ._ �]';.`'� �';�,�.• +.� '�r 7.01 C pz•e-r+em trsllip i L:a + 8.02 $100 min. guar. (21'258.2) . � Mil. ( a ,r. cost (208911. 5) No 8. 03 ' 5`i to pre-3 Yr. ave. (21251.4) Ir'n - , , 7 03 f' y• '� ,o re- 2 56 �•t3t. (2].25'1. 5) • I_- �.. / 1 Yr ' ?" 1.011 PfS i�ith 10 yr. C/S (20834.p) IIa 8.01t For f AP- 7/e�vico t,20831t.2;. i'n 1 ,,!. ., y }�j$I • 05 p/5 other source (�bt?3 .) :3a .05 �� f?0.3t1.]. s , � .i 4 �1. 8.06 r��• 20539 service (208240) j ( ) i..\�• �.�+''.7 ionsCi tlf {:l'a �'I'.J , O�t.o'rr. 1, 196' lifeguards on Ocean beaches ti:ere rcclassifir-6 a:, safnty ncr.berta rs'• .t,'.r.il.�.� •. ;1i � 1'! :i •r�'' ..:a:r-` ci �'.i•2..•i, fc r all nreviou^• sci-*lCo., t '• ,j+'yx�Y'r �` 1� i� �• lulu 'I _, 11 � v S' net. Form 556.,- (Ran•. yN�w k �"+'j'+ iY,,!4 •� , f , � ' , • I � •.i" Y'!v +fir ' `i. � ��+,I Ir A t It ,�} 'r' lay, ' ., ... .,r Z.. ... ... , .. .. .. ... .... ,,• ., r r. _� ,• ��+��•. .. „ .,. . 7. ra �• '�ri,�'�� ` �� � 1,', .1 �'1J,�.J r,,, ,..'Y:'+,'^+i;l�;, f �• .:�li:.r'k•,�,'.,f ,. .y :�, �', ,f, , , ,{' t,4 ;. .� - ,, ,r r It �' , . ' I , ��� , ,, ; •�. ,! ( f','• 1,,' ', t ''''� 'rr ' j1.�44'i ;L�, f� r '�. + rr, 4 ,1, + ' � r !r .+ 4 I `. .., .' ' , ` I. 't , i !t .,rl'Y, 1 •'( 4' ', +�• '' ''y, �, r , '�' � '�', ', t v .Now ,,yr f9'r id'r1, s !,'Y: 7"I�r,.P'' . , ,'��.. ,' .' - '. ��!�r t'f• r `i.I'r' � !'e 1'�r•trt�",+. rll r`, ,. ,>tRtFto,;,� * }r�..rt. !'.? rs fn x r•N�,, w.� i a �i/��5 .r } / ,;/ '�'7 +JW`P '4:. fi'"��°•.'( .r i[r r... C:'s'1i':.�:•. °,.1.:.r. [a.F r.'(t,.l ,f ,ri� r,� .. '' ,l(•''r.. .,r ,` ,i/,";,': r'te:, r .f•1,9 .y;n y• ,t• ','�, i '/lY T•' ' .•f -. '�,Ki? r' ' k, �v,,+'',1 ,+, ) r !rr- ., r . r;. F .. .. r..l v•�(.��.: �1::2+': r. , 'Y7 T^T� o.+ pppy• ,fir ' ", � ;,• •:�` •.;,1:x.•�.a:, : r �ti-J�',''' 1:%.,r'r'` ,' , • {�'. I- EXPLINATION OF CONTRACT fUI'4.AF3f' .c '•'r;•�:17•-�i��1;�1r'." 'f Form 556-s (Rev. 6/62) has been designed to set forth all < ' ` between tho Retirement osi n d possible v P e variations in c�i t :'; .!, ,' k� .'.' ,1, . 6n,snt Sys tem and llhl iG n matte •', +, , ^�; , Y f .r , 't Fl enc i ,,�, .�•;,,;+.i; "; ,' (Scoial Security) benefits, and the d G es, the existence of any related OP_SDI •,i:,' :,-,: • °'rri,*;�'%S'''', r I►"y l; has amen nteo of. contract amendments. :^.; �, •Y' /"k"'` ;' ` ::t ,.'r:' been amended in order to coordinate .�"•,+.te E p r Where tt contract ' ;`';,'!`w.: `'; 4""'1 �,r benefits) t rr lOyoes Retriremeiit System and OPSDI , he date of such amendment Ilas 'been c f, r"� ,•� r+"+�r:" F t e e 11,,led .11 ., 7. '�(' y ; r• r 1 .y , ,' .F(•. Certain items on Form 556-•s pertain c:il ' or DASD y r,u the date or circumstances of int�;ial I coverage e . T. 7 S.ERJ `losrl are Ilumber. ed .0 through 1.05 on the form. Other, ehom special � � ' �„ f ,1y:; prnvisions Which apply only where zi contracting a agency ham, transferred L 'Sf�•,t; rr.. <, ; local g E Y d its i pension system, to SFRn. Tiii3 group Of entries <3pxerir's on lines 2.O pre-ex_a., nE lrt n.01, snd 6.02. through 2.03,i '.,. a� i�•aae-lt fart ! I. All t he fact that SERS ar..d OASUI benefits can be extended to employees , ent covered, an agency canrlc� amend its contract To change a not pro�•- •;,x' (coverage), 2.0 (iota?. 8 tem OI- 6,O E any item in Section 1.0 + r•� each a ), lilies 1 and 6.02. however; the governing body �'` r •r"�t e��r 'x�T,*r?�1���;s,� �;,:'��•.,, ger�cy, has some Sraadom o of �' ,' ,�, e • ,',"�, f ulloice with res aGt to "win P- he re.. :': �` r?,� Y ,.c'•,.,(!':,;' are discussed groupe which e d guia b the ing items, ded b items �+ p00. , law. are istin nGd y degree of choico afforded by the Oroup A consists of six items which define the basic a benefits. Within each of these, Ta y'3r1g-levels are available and an agency- call m,�ve from a lower to a higher benefit ►y g rlithin ally such ite�+. Those ui;N itenib and their possible vaviatianb are: Basic forrinlla (for rnisce'llarieOils emoloyaes) �el Provides 40T 0-1 ra benefit for each ice e r, ,'. ,r :�+yt' +� �•ti rYear o2 service 1: t$400 of final car, equal o:t' ,,.'� :. ;'ri�'xr ' • ����•'1�,;,�it':'''- :. `' .• Normal retirement sae i„ pensaGion plea l.lr� ox remaining compensation. o s 65 and benefit are actuarially reduced for earlier ` rat;iremont to a millimum retirement age of 60, ' 4 70 FF PI'Cl•ides an age 65 benoi'it + for ea'.h year of /70 1. t;T Of final compensation. t•iinilm:m retire. .,is 60 with �e actuarialreduction for retirement before 65, melt age is 6C with actuarial mush service retirement Allowance This formula provides about 2/3 n;� about 2 as ?r as the 1/60 Fixed Forirula and requires /3 ucFl in the way of met�rber contri 4 buti.all; 60 IFS; Norriai rctir��ment age is 60 with a benefit for enell rAM service equa t0 1.1 of the 1st YEar of 1OU Offinal compensation plus 3% of remal ing curr:pellsa•tion. Actuarial red 1 2�ti14, , 60 (mirlirrram age is 55) anri acr ucti.on applie z to retiremment bafors r¢ I uarizl improvement to retirement aftea^ 6Ar , t ;'"f•:r'' +.%;f �'' a '` 1/60 17 Provides £n t1, 60 br'l fit for 1 f each ye;j.• of service q ti0 2i3�`) of final co,np'=nsat,i.cn lWf.tl: actuarially rt�duccld ref ual to 1/ as age 55, actuarially mnro f benefits as cal. ..h highest t rea benefits ei 5 t r.•�r1' u e ligfhest heref t f _ I'OI' retirement after 6C. i8 -� i urc�t, sccl This 50r",Or: than tFle 1/70 Fixed tF 0I'.M-* 1,!11 -uq members- and pays ay!_*•Oxii.r�tel.r � I ' '�> "y rro f�•''IM ''` U.1 a • ,Sr r •, '1., „o grow a 0 0 to 1 SD I t , V�J` '� PLr£3triGC,E'U ' > p" 0'!( rr= )�' . 1 l.' KOte: In a fell Older coiltrac't t. e ntF� r'•'',i '' ' • "'t i ,y 1rl s-uc use s t.« initial 1 mil are used insitend of e1F'F" • 1 r 7 it cases, current service' benefits are not guaranteed (fi.Ved fbrmil) �]irZi irt? S1?I�1'r the m17J11r i , 'r,' , }• .� e a which cats be Provided by + 1► ;;,` d;K ;� accumi.,lated c.+•, loses p ccntribu is is Pius matchingr agency hinds . $' ear.+l.,• �Ret. Forn .28-1 12/62 I000 r-;�ryVr ,}. t1 .,r ' t , (i .,r .,.-, .«. .-r r ........... .. . ....rr ^A:•,r. :r• '1 r- , � ` r 1 1fS , .I .r ki rPE i r +I .A, , ............ . ,.... . �.... �.• _ .. .. .. ..•. rr..«,tT•,,. �.-1 ' I• 'e, r . r, H ? ;,1`i�w' .''�}{ I,.;rl - 4 ' - il. •,. � 'I. 1, .' ' ' + ,.. ','�; 4..'1 (:r. d:i%4Y.�i%'t '"!:`lLe.jli�...r' •11 ' ..1 ' ... .. ... .... ... .. ... .. 1f. Y i + ''i L,'`.' �. 1 1 ', ,'".•r tf', ' '� A, 1,1 1 : r. '.� '�:. 1, 11. ,ri .,+,j i, + ,, '. Zr,,r. ` I�•'y� r" ` 1 (.r 1 ,t 1 " '. . ,Ie, ,• , ,, '',l +''' 'i 'I 'I ,, +r 1 '1 i !1 ' , ' �f .. .. ,' .'t t �' '� ti , . t., '� ,,".' 1. r f, I -,l 1 - r '/. t, 1�Si1 /'.er '` ` •,r� ; , ,. ,r ,{. r n, An a general rule any Possible amendment Rcti.01) here depends on the combination of SE70 for and QASD1 benefitn as follc,4s: Aa ...... Basic Form Possible Change (line 3.01) 1/14o-Oo FF with OASDI) FF 1/70 FF (with OASDI) 1/70 FF (without OASDI) 0-1/60or F1/.9c)_I/6o rr. r 1�92/709 0-1160 FF with a%SDI or 1160 FF (*ithout OASDI) 1190-1160 FF (with OASDI) or No change 1/60 FF 0 MV (with GASDI) .1ithcrat (LISDI) 1/70 FF or 1/90-1/6o FF ........... /70 MV 6 - (with or without OASDI) or 'M 1/70 Fr AIL 1190-1160 FF Nith CASDI) or I i Ire) My 1/60 Fr- ll "LEouitt URD)JI) el A Any change in this item will require an actuarial W-luatinn. 3.01 Basic formula for safety members) I'd Jk at 60 Restricted by 1957 legislation to eafety members covered Provides a temporary annuity to age 65 plus a life income. At normal retirement age (60) like income is 10 of final componaRtion tiMeB years of servje. Benefit is actuarially reduced for early "etir8"ent to minimum age of 55) improred for rattrement after 60. f at _�-5 FF APP110a to all Safety members (except one-half at 60 MV in Fjwfyfflle #066 and one-half at 55 MV la Calexi.co #211) vho are not covered by OASDI. Benefit at 55 1-1 50% of final ccxtpensation for then© with at leant 20 years of contir.uous service to that age. FXcept for the possibility of changing the Emeryville and Calexico contracts to one-haLf at 55 r-F, amendment action here is not adrivable because the SERS forrula for safety mer,I)e'ra is dependent on CLISDI coverage actioll. J� 3 Olt Minirmin, Retirement Age For niscellanacus members, this Provision to governed entirely by the bavic formula shown on line 3.01. Age 60 apPlIes for all l/14o-:L/70 and 1/70 contracts, age 55 for all 1/90--1/60 and 0., d 1160 contracts. ty merlbet-s so thntu the nblij-,,um age This it�.-m is vuriable only for saft normally used (55) can be reduced to 50. Where this applies hotiev-r�r, the early retire.-rrenL benefit is reduced to the Elatlia'A.-ial equivalent of the nomwil benefit which would be paid at 55 (60 for lj% contracts) for the same amount Of service. Thus an a'Tl endment to provide this feature can be adopted without an actuarialvaluation and with no change in ?,mber or mfrlonjatLs. For Contracts so amended this item shoes -is '15'-) disc.,, A ReL. Form 528-2 12/62 1000 :6. V f Y 74 I J t ., . k ..ws�wwr�a.�vw•wry.nr.....�-•.ww�.•iry7T+r+nw�rr • !Y ;,1] �. � : t!•'�7rt{1 �,�r t + j�w`3 t Y •' �' ' j,r r,. fit':' � •,�rS•t ir, M1l tl l ` ',,.y,,f, i t�+ys l �' r ' � r .i rr•, ty. N l; y 11. / }, (�. L,� 1 !, ,.•'. , f ;, F •I � }•'�rS iill,� ,�at'E',r,�t+''} r' '.� •'r ,, t , • ' .j' i t � its '`r.'. M t' IN !. 4 f •, {y^�1f Y 't' 'tt :1''�i 'i,'r '/ ..i�i, , f.,, (( ,1V ...'i(j"''*1',t.: , �. f,f {S:•� V. dL I1g f rd{ i. `(y r ; 1ir2fr / 4 1 { %' i f •,, � 1, ' ,�' • . �' � .� .rAt}�,.•'yr*14.h/I/ 1� .�-,:1 '(. 6,•:rl.lrN4 } ,..1•Ih4 I�.,�' � �' ''r! 6�•y... r•, �nai a ' .: •. , ., •y , J ,1 t _ �/7 r' : �,' "rjI' ! .. •.� }.' � •1 ,�.. , ' , � . .. � •r'i ;, 1. j . . .i r•'J 1 �A+•=T. � i ' �•,+ %�i lirr 'iq i :� •�.R�d,'+%r�. y.• t r t� r ,,t• .[ nA �C;tf`.!'r0'AG2N:Jf�tr;.�i�/f.tll'�.�/�':M'lN �i.'47i�. t4; i '� ',, 11h•..r i, y� r�Y�• .4 ya..+:..:+i:'.•....rr.v..a::+w%Mr..u.wS%'.jP�`::G d-:•.: Y:.. 'w.+...: r�::J,'.: "C ..'�..{I+l::r •i'. :1�." .as. ,•.4.lL�f.'•t� � ,�..t ?�°�'�• ,,z,,. ram, � � '�p'���1 � I�:� i>t1 rk. 'Vjl 4''.1tlr''�,�'`"'.. �,:r,. i ,+,�'s./�'; ftf' r. • ;j �� �li� '�'t,.'%4irj�fY ine��, t • 'F .}''•i�9•,, +i� ;4 ��' ,j ; r -f '� '(,}ih tr+ll';t.� ,i r, •11 �7 �''�'C'��' +ry(fp}r t f' ' r'�i'\f ' fr � d.� t t'+;" • 4, t 'i: `�'kn� �',�,y�+,.+' "T t d ', 3.05 Minimum Guarantee I,•' ,t ,�;, Y 4,t�:S'. r" , i ]` r�hu entry here can be: None •"(� AJ� •'r ' +r' •.{� ;•�, t yr f ,r l, �!� •� $0 }.,�3;'�It. $100,..11 t To a certain extent, the mintim'am guarantee is governed by the basic formula shown on 3.01. Titus, the $40 minimum normally applies only ' t r to the 1/140-1/70 and older 1/70 contracts and then only to thm who retire at the compulsory age (7C for miscellaneous or 65 for , w ..+ <` safety) with credit for pt•i.or service. However) five 1/90-1/60 FF contracts provide a $40 mi.ni.ntun. (Those are Hay Area Air Pollution and Control District #408, Yuba County 11422, West Sacramento Sanitary :, ��r/•r;' District##lt3l�, City of Davis yu37, and S:in Francisco City and County +' Redevelopment Agencu J#h42) , ?newer 1/70 contracts usually carry a tr,i $60 minimum. normally, 1/90-1/60 and 1/60 c;intracts provide a+ther ` c the $60 or $100 minimum. The $60 guarantee operatce when a 20 ysa.r member retires at 65 or- older, the $ 00 when retirement occurs at '60 cr later with 20 e.• more years of oervi,co,. In each instance the BSc: • ;( guarantee applies to comp lsory retirements with prior service rr_dlt. ° T+, The mnendment action which to possible here would depend on the basis eft.: formula as Sollows: Possible change (line 1.05) ' Basic formula line 3.01) From �To 1/140-1/70 Fit None 0 1/70 FF Nons $10 or $60 ' $40 $60 A• ' S• A' 1 y0-1 b r None o~ $40 $60 or $1(Y1 • s;+S`., !� , $6o $100 1/60 FF Iione or $40 $00 or $100 1 $60 $100 A'etuarial. vu- n is required as a preliminary to arm• ndmunt �; ;+R • ; . •, k ,, " acti en. Member ricnition rates are not iff'ected, 3.66 throu4;h 3.09 Modificatic.. DASD? + ' y` ;+ ,a ,��',r,'Y� rt ,f•' r, +. i, •, Ill , 4�c / f U l tA� Theca lines describe the nocil. -ns to SERS benefits wh:eh are w + permitted for coordination rain. The text specifies the leireL of compensation to which a trodif'-ither 1/140 or 1/90) of 1 , thy. 1/70 or 1/60 fcrrul? appZ c rJ , ti ; ' ', '', ; '' j, r R applies. a.i. lannar entries spr.,if t' i the dateo from which service is 0. suLi,jet. -Ickiifi�d formula. y , ,yes a benEfit Service o;•inr to the date 5ho:;i; on line 3.� K calculated widur the full 1/70 or 1/60 forr;! i• case rrriy b%t. }: ,r.l, , •. ti{.''' If the columnar entry- on line 3. W is the word"instead , , I tti r of n date, this tteans that rile applicable r�f�dLficau. r10 or { ( + 4 1190) applies to all P. evi,nusly r•eridered se: vice with :,,. cy regardless of whether .:uch previous ��� �' °,�1� '• , ' • � a P e erv,ce is curr,��nt or rZf3rvice. Miere the phrase "variable per 6f 0111 appears in tl.c; � , 7 ���'�'"4 colurnar sp•-ce for lines3_08 it d 3.09, the level of compen3ationoe :.�tiftt='{t,•'''4+;"` �'% to which tiro modification 3>>I�' {::,� tyi.?1 ahatt(;I, automatically on the date, -nd in t?CCOr'Lj31'1Cf + Wi�.?l ttit iII U r?t, Or: iI2}' Ct13n(�e lrl the QASDI cot;ert'.•i •+' j '1'yr.c ,:1' ;lye ny.,, `', t _r� 4 i feet. Form 528-3 12/62 1000 5 },} IV • �t„ fr •;,, to..�' •' .t.-.t. .-. �....t ^.ye.1 •.. .�.-. w ,-.-.....r .r r•.,..-. - ...... r. , r... y-••naR:• r- -.. ,.... ... .. � •vY:•.... +.. ... .. .. ... � / .r i.at',•• t� it•• '.ti .•,.,,li. �,���:''�• {fj iz,� ...' �� ' .. 'i'• `�'����` +°rig � If .t ,1�'tf,^(` i• , ,r, r 'r t.. ., ..,. ... •l. r+ •r ..r :('f"i. ,h i ,, '.L.'''. `i "�•' .t. ', i`; '•'✓( i.I 1' 1(?f.f.i.is f3!:.: �aXl•V iVi.,.•t$'4 �►1' ^lv. 1 _ .{ .!„ ;, r, f f {. .1• tri y, - t I t 11 �. t,f' ,' •�+11,�.! 'CJi.�lr).'S w', '', ',Y, •'i, 4t1 t' d 7, '+ r r.1 , ,it.I,,• ! �- 1 ., 1� 'r' ,'1�, '/I "iv 1'•1� ' ,1 �i''r•'4 ''f ..+ r ` .'�' �-i(j ,f,''' r: �f. r �'r� ! .•ti ti {, r,i, � .{t { �. _ t� '+ :J'i 1(4 .t r1'"' t'I �'��, t{,. a ' i •f. l.S'�t. ', ,rr s�' ; :1 ,� }((( I���t4 ,• r 1 ' `, lfd�(l1 �.+ ` 4',, try r,(,. '91;t ;iia ,' �' fli + ( I 'fin. + .1. +!,' i I,'f' ' fy' t ,,: •l. }' 1, I t ,i t i',+ '' ' ' ` �1r t If ..•`' r, ';.f:•f'�,f;l , (''•r _ r' ,1 /J� �.'' .t` ` ,,`'r� r f r 1t 'r1 ^,,f• No ''. . ..� „ , �1 ' ' Il '', '',,S' r .i .. - ' ' '!•rf :', ' '� ' . 1r 11' ; � 1. 'r r. , 2 ri.5p A s.t. is IF is 7., V. f I., deplend an 'UnCY's l .1 .01 .1 ich are pogsible hf.re Irne a�rv.ndzriint nctjc-�Ls wh existing ccrbination of SER5 and QIUSDI bftnefi-s, For exarl_ V lf"t. i Ur 1 ty c sac ri s Llipli a, agentq WiJoh dc.--B not have 5cnlal add U4 5M benefits, or it chi. t to change its out a contract am vi. I/go-1./60 forr-,,;1a:3 concur-ler1U,' `ne 1/110-1/70 A 4 �v alvz" W .0 'Ir I'll Y " and � '. , Y�, 'SDI on the other t; j agencic.-s u 14itIl adoption of CIA - Ilietr have W111 can amend only to the 1/90-1/60 forrmla and waintain a, coordinated Program. An agency which has the 1/6o formula can -1/60 Plar, in connection with chaxge to either the 1/70 or th6 1190 ad , Cp,-jon of C-ASPI. An actuarial valuatic-11 r.v. st precede anY Cu"'11 exiend-,P.nt. 4.0 Compena:jtjor, average This t;ec: jor, -IF-:Cijj(3s file "firial comrwrination" used t cracultte retlrc- rant allowances. For the fe4 older contr-acts "Which provide "Honey Value" benefits (instead of fixed formula), the entry ro;j line h-Cil ouq re-cont," for mjsv.,.%1l&nL 3 P for prior gel -vice benefiU will be emp10YOC13 to indicate that their prior aervice benefits are base. on eArnings durUig the tilme years preceding their SEH5 coverage date 14 (1'e-e 1.01.). In each such "Mcney Value" contract, prior service bonl5fits salary (of not, MOM than :Wj_c.).w per for sq,,,Pety members are based on I month) daring their live consecutive highest paid years. AIEO tl.,- saga vide -.urriant service benefits cn. .,k rejutme that vush contracts pro AllY Im Milt salary 4 - (OUT, On line 4.02) � that the maxim W -money & b (line 4.03) and that overttne earLlr4v creditablo be limited to $4115 (vitht:n the $416 litztit) be includTd (line "Fixed Formula" benefits for miuce'... rho ager' which provide -Jef, Attiong -hrcv A" (Veterans Home of C;-Iifcrnia #211, r Inneolun e mP1 OY- e e. P. , only 4 " , ., "r. -A 16 1,2 ri, t 1��, '. :: " 'A � cramanto-Polo 0(yunty Mosquilto Abate kY. ::"'l -if ►Calexico #2414, and Sa rvice bellefits bO basOd or. 411 Ustrirt #)05: provide that prier tio nceding contract &-tv. In such 0 �4 larion (hiring the. three yv_-aro pr lines 4.02 4.03, and 4At muct e-yeall, salary alloi j". line 4.01 reada nm-cont.11 and n vide for cur.'eiv., serviue beoef its based o the pr J)ut ccr.irencatic" on h.02) �iaLng j�roz;r, e tie 47 Y '01Q? 1 a" coliti-acts provide thfl L Y" remaining -'Fixed �'Orr-" *,Y b The rL fitn CME z A' -enav qc,—,,Lcu bone p,2rlod for prior s,�r- for citry -irue nr a Vo tl T� r their ave.-,iagin? pt?ricJ, a h jjjjc_.s 4.01 --1 4.02. I In .1 trrlCt© r tra bf�jxezf lt.s b c 11 t P olun ive of ;I ve 1-t. ime t! I . i n which groz;v U07,1'en. ry conaieerabl,-� n1rotij ti1c; C a -W, i j;.::Unas vn this i An W Poss lb" a 1t(jn(iy W basic f or!mir, c'm,nge f rof, F w;� to 01C c.-tl r. c lu d c, a o'h '.t I orTalla" W111 autom!*'t" th Prio." curl jxrLo) for loc, A -v L:t,� th wlio,_T,� prior el 5; 1 reu "Fixti.3 Fol'i"O. C to the -year .71 act. r 0, k 40 COO Y1 Ji j, '.4j, A Oj It U• f �`+1•-"r,� ^,l�•3r ' :�tl.f `<`-,1i� Sr'r� �•r„�';� ` - r y ^ r. iv.. + r l•r.' `,f , f �� ii '. .:+ F f -�, 'a'I�,yf !yU, d. �' + f: ,r •i! �+ +. �!rtr�> .55 `p:',''l''•.��`ir'•f •t1+. .�,•�b •�!1r r i`, 1 � f, 1��t. ' .r ,.' r tC ,.l js'rtti'r•., +' t •�r,��y{I lr'w •t !r �; .+`f'+. t f' ;f; i isZ. r.�,F�„ .t,y1�' 7 ,r�.r);f , a tti,•+.: �'., tI .,.y4ct r;�� T.i t .r4f r*�� v,"•- ii�'. r ',+ L �•j , f�F: r .. .ri �l�•%': 'f'�r''.�.! r�-; i� .r•r' !'"•';•t. ,tr l •t ,rl , 't�: r r 'r f: ,�` rcs'r r i'•Jrt'•�aS'ri'. r% 'r�+ t. S f rYt ., ^';",�;;A:+y;�'nr 1• ra +.y*S °Yr � �«y r•f r ! ,'. � f r f � ,;.•'r. • i�,�irSk'y'•t+. •t� jr{� �'. bt�'. '` ax1', �!''.'r�. �r'l�'�'. r , ;1 �•i ° %• '.Xr ff ` r, Ilk 't St i 1 a averaging period for both prior and current service after first securing an actuarial valuation. The remaining "Fixed Formula" agencies which have a five-year salary average van change to the three - years basic without an actuarial valuation and with no change in mm- ber or agency contribut;ons. 5.01 Lump sum benefit (for death after retirement) The entry here can be: None $300, or $400 The amount c£ tbis benefit is independent of Any other provisions in a contraot. .Actuarial valuation is required as a preliminary to any amendment which would increase this provision. Member con- tributions are not affected. }`. .G.,�rou B consists of 4 items which are governed entirely by other pi`oviaions of 11le contract and cast be changed only by am. nding such other provisiona. 3.02 Percent for PIS In all except 3 contracts the entry here shows that benefice for prior service must be 100% of the amount c^l.culated under the formula shcwn on .line 3.01. Thnse 3 agencies have reduced their prior servi-a benefits to 15% of the line 3.01 formula because of special provisions relauing to the disposition of pre-existing local systems. finis no amendment action is indi.ated here. 3.03 Hisc P/S improved to This entry applies to miscellaneous members only and appears as "Age 65" in all contraci'� except those four noted below. The law permits ,o further actuarial improvement in prior service Lenefits beyond age 65. Four agencies (Emeryville #066, Veterans Homn of California #211, Calexico /#2414, -snd Sacraments-Yolo Co. Mosquito Abatement District #305) have older contracts uhieh limit the actuarial improvement for prior service to a m.`LYi.rl m age of 60. In such contracts this item can be changed only by antra:,.al valuation and Gmerdnent to one of the modern fixed foi`mslas. 340 Ordinary dis--biiity formula The entry hero muut be 1.5% in all cases uhara miscellaneou3 members are covered by the 1/c';U or 1/90-1/60 formula. This means that any disabil.it!r benefit for miscellaneous r:etmbers or a non -service =Lnected disability allowance for safety members is calculated at 1.5% of "fi:►ai cotvensat;on" timGc= years of service. Rat. Form 5?8-5 12/62 1000 '�t{'e �6Pb''x'�1ry�°,{�a+il. ,' ,` .�.�. 1.. i ''y. ,5�� �' t1 �..Y• y�� ti.' 4 ,'"� r'1'Mry'sl^:"sr'lr..ir'•'t.i ` - r _ .:, 't' '+sib. �'7+f ;r'• !r.'!*i�y� •c., '•' ,. .:7' t'r. _ y.y,. .. r.,C ;,�tr!•�,.:�,';, x'v le �rl:, rti �ib4'.:11• ;�,��.. i •_ .. ''ti'1r •ji�( Y.`7, R 49 ` �i;r t' S.w' �. T.- { Y"'{ ;. "; ± - :,t • 'ter tt,`,. YJ' aY"�F• 141) • ' � I V r .•„+`, . If the c-:Aract provide: safety member benefits only, or U miscel?aneoua members have 1/140-1/70 or 1/70 coverage, line 3.10 must specify a disability 9-1.1cwRnee equa? to 1.:6571% of ''fiLal compannation" times years of service. Regardless of the line 3.10 entry, members with 10 or more years of service qualify for the minimum r.uarantee upon disability retie:- art. This guarantee is 25% of '-final compensation" subject to the limit speoi.fied on line 3.11. 3.11. Disability limit (section) This entry specifies the suction of the law which defines the mazi- xM allrntance payable for ordinary disability. The refererae ie to Section 21297 if miscellaneous mambors are covered by the;l/9C-1/60 or 1/60 formula, 21298 in all other cases. Those sectiau` require that the disability allowance caimot exceed the service retirement benefit which would be paid at normal retirewnt age if the member could continue employment to that age. 'the section n+amber is followed by the ?etter "F" where this limiting calculation la to be made under the full 1/70 or 1/60 formla, "M" when a raodi- fied (1/140-1/70 or 1/90-1/60) fornula is tc be used. 2! C consists of 14 items, each of which can either be ircltWed in or omitted from an agency's contract. They must either be accepted or rejected as Lhey &trar.rf because the law pei-mits no variations within any of tiwae items. In all cases where one of these itemm is in- cluded, the data of such inclusion is indicated on F-556-3. 5.02 1 contiunance (212a) Applicable only to widows and minor children of present and fliture Safst,r meatier retirees. Provide:; that one-half of the retired smmber's allowance will continue to his surviving widow (er minor children, if no widow) until her death or remarriage if retire- ment was for eerrice or Liduntri,.L disability. Actuarial valuation is r'cqui.red p:far to amendment. Member contribution rates are not affected. 6.03 157 Survivor (?1365.5) Provides an optional life Income (in lieu of 6 months pay )Aus- contribution refund) to the widow of a 20-year rember who dies as an employee after attaining the WiLi.mum age for service retirement. An actuarial valuatien is required for this sinendment. Member contributions are not affec_A . 6-104 159 Survivor (21380-6) t:pplies only to members who are not covered by OASDL Provides $90 per month for each eligible survivor (children under 18, widows Ret. Fora. 528-6 12/62 1000 Ali r "r , iN(���� �dJd #�` �r',�+���i,C ffr�•• � r� f 'i l - , t t :.; � ' , r '4 •i:•,, i +' ,(Ir, �L n . �• � F';'R'.fii�'�;, tr f � '3 ()r ff ••'�h�y.�� � 'd it •:� r ,t "ri�.;�� 'Wry t!.� '•', if(f ���'[[ .: :it!. i t '�• "ir ''f( •. ji 'r% � r �' 'f • i r rj•A',', •�j(J:.;rR'd•�' '�'�yNl krl:1y�_ .t ��1 ,kt '' r• J;y�Yrr 1',,/J.s.•i��,'w,} � � � f f f ,nf �`• i :�! � 'r '.•.Y r!r% r r "I 1 ,r .. ..�' ,t .4 r~+d+�'� +� .� yS r r - � •, 1 r.S.Y. t: i �r,�wr it i � .y��1�' with vuh children in their care) and widowa 62 or older) up to $250 parr family upon death of covered ompioyee. No actuarial valuation is required. yeah eotered employee pa, $2.00 per month (non-reflandable) and agency pays M010 per month per covered employee until agency rate is adjusted by succeeding quadrennial revaluation. 5.05 Sefet'y violant industrial (2136h) Applies only to safety mendiesrs. :Irovides a benefit in excess ai the usual one-half pay where servion-eonnectod death is caused by wrUn tl. violer,)e N+ phycical farce &nd where survivors consist of eni' m with me or more children under 18. The additional benefit ranges from :! 2J% of pay (if one child) to 25% of pay (if throe or more children). Actuarial valuation is required. !ember oontribairi•:n rates are not affected. 7.01 0/8 pre-membarship (20804.5) Provides for crediting service rendered after contract date (on liter 1:n3) and prior to membership. Requires that memrbera who elect this right must make up oontrlbutiona based on ealary and rates Lit effeat prior to membership. No actuarial valuation required but agency must pay 0.200% of member payroll for this amendment. 7.03 Mil. A agccy cost (20894.5) ;• Provides that agency bear lull Coat (i.4.cluding member share) of providing credit while �nembcis absent in military mervice. No actuarial valuation is required. Agency cost will emerge as ®r" service gained by members ie revealed at quadrennial revalua:iorrs. V 1 P S with 10 yr. C/S (20834.1) _!N •^ If a break of •.more than 3 years has intervened between a m.-mberl s r last ae.wice ,refere enntraet date (line 1.01) and his '-niti$1 SERS ' me3beranip, his pviov service cannot normally be credited. Amend- ment to Lwlude Section 20834.1 permits crediting of prior service inn such sio;:ations provided the member is credited with at least taa years of current service (after the date on line 1.01) with is the !unending agency. Member contributions are not affected and rp actulxW. valuation is required. Agency cost will emerge ae Bert ice gained by members is revealeC at quadreru.ial revaluatirns. 7.C� P/S wage other scarce (20839) J ':. fin yea Prior service (rendered before the date on line i.Cl) not hirmall., creditable because the compensatien thereforr.ias not paid by the amanding agency can 'be credited under Section 20839 provided such service was performed under azi officer of the airending agency. Member contributiaas are not affected and nn actuarial. valuation is required. Agency cost will ererge as service gained by mAbers is revealed at quadrennial revaluations. Fiat. Form 528-7 12/62 1000 iti , ." • 4. rSiAi �� A�= '. is r; • �1 Al ,I ,+7�?",!'Sr�� �':�}`.'r..;`_ (� � S � "S + � f r• ,r"'r'��+�" � i �7 ,i� �.r+• I�C� � ,r }f�,Jel,"a /, A Y 1. 4y� • .y ° YY'' y {.�.�� ..i, �( +I l.'.'i;}`�r ���•'��,y:: 't� •, �s"• . f d1 ti .�:r, ^.�., ,"'r'rj.'1; ;, r'++'i�.'�,!:i THE FOLLOWIN0 ITEMS APPLY ONLY TO PERSONS WHO ARE RETIRED ON ARWAIff DATE 8.01 To member formula (21251.3) Increases allowancea to the amount which would have been paid had all the existing contract provisions been in effect on the date of reTirement. Actuarial valuation is required prior to amendment. 6.02 $100 rain. guar. (21258.2) Applies.ble only to agencies which ah eady have or are amending to the $100 minimum guarantee (line 3.05). brings allowances or less than $100 to that figure where retirement was compulsory with prior service credit or occurred after age 6U with rore than 20 yearn of nerviee. Requires actuarial valuation before amendment. 11-03 '55 to pre-3 year average (21251.4) Provides increases ($15.00 to $25.00 for those with 20 or more yearn of service) to members whose retirement allcroance was bated on a 5- year (instead of 3-year) salary average. Actuarial valuation is requimd prior to amendment. 5.04 157 to pro-7-2-56 retirements (21251.5) NembGrs retired 7-1-56 and earlier receive an allowance increase of $10.00 plus it percentage (not more than 5%) of their present allow- anee. Actuarial valuation is required prior to amendment. 8.05 For 2(:834.1 service (20834.2) Appliet only to contracts which include Section 20834 1. Permits retired members to receive prior service credit under Section 20834.1 (see discussion of item 7.04) and receive eorrasponding allowance increases. Actuarial valuation is required before amand,.wnt. 8.06 For 20830 service (20840) Applies only to contracts which include Section 20839. Permit!! retired members to receive prior service credit under Section 20839 (Ace discussion of item 7.05) and receive corresponding allowance increases. Requires actuarial valuation prio,. to &wndmBnt. `Yy „-F,�' +,tl' !Jig:•' r� ].a , � ' �:. Rot. Fe 528-8 12/62 1000 ii '�iFV NY •N� Nri'�.. ,�7�4�•�rf Imo' 1 i r r, d The awndment to the contract between your agency and the b• • - Retirement System has been executed by our office. A copy of the contract as amended ib enclosed for your files. Z;U 1 k �. r: •+' + ASSISTAIG kv • },' y + y CL • NIA Bet. Form 512 - • 100 •+r• + y? `-•�}�•�� �Jy y •,� �•� ���'fyw� v■ �, f� .1 .t i ���y� �~�� '�y��•T! '• � + �a 4 7-1 • # fA ,yi 1F'.-y' .r y _XA�- 1.7 x !'1''.:�1�' `�'K, Y 1` •.,T . T LL; I r M OIL, e i 1. r rti 4 ^.•- t ,� _�� tip, L` '. ,j ' R �'^Z' r•V'rb%s;,� �11i'1+�.�I i r Y; " *'. • y v� a "�i •+ ,L►#u, '�. ,,V�Sk �p,i,5 f. ��ti� yy��M', ,�.� ,, .'�, � r„ a•. v a -i ` '1 j'- • �i 64 • ` ♦ 4 JEW + .. R. +' 3 7;* ' •f .v r .F. ••. - ' y¢■ t rr ' ti _ r • .r • !'t„, 77'4. 1 " ,3¢�:r5. (�ia �"y t " 'n •.� . ♦ r . , lho fo zL Ak IL •� � • ;' '� 'fir'.'.' ..•,` � ��' � •� 4 1 � ���' .. _ems_ + •' S � ;. .�. 1 .4w4 . �s•� � '.1 ,, f 1r I'. � t . , .,rti-�. �� �,{. ,� •'fir �,�. ; VI }1� .. •'••! .;r'i./•{airy /i }.r. �?is•. p"� ! ;!':, f�.�.;' •' ?yerra All /.• i So W60 sh&U b* the fraction of niaal compansaticra to b,% provided for asah ycor of credited oumont service as a atrcellaawoas amber upon r9tireme st at norag rutira Ant a&* 6e Dw*fits on eeco"t of eaoh year of prior •wavioe Wall. be U* percent at the fraction of fi wL oaa"nsaU" pr*YJL+iad 8eetina 21253 of Ut. RaUrswaat IA# fLw each year of swreat sexoriee nptm reUzemiant for uerviose 7 • Do to7:i V d dg Provi now of 011 state AMIA NW a x0ti "Is"t ZAW WhIA& APPW war won e].wuoa of a COMWOOLK agenoir shah 4PP3Y to the Poblie AQMV and its ewpl�t eeo aw Ammon 21Ma1 � fcrt a u" pevreentage of fival eowpeWaUan for saoh year of aarrent aerwiso as a KLIMel ,aw bar), be gestion 21 5294 (providing for a gwaranto d parcatritage at final aewp "atiox for each rmr of cwnnt service as a lo"I oafrW winner)e ew S$i= 2Q0 4&M (Wining n9inal womponaatUn" an the biwis at a perri" of thtw consecutive year:).s d, section n259 (b) (pwidlxig a id ni wms sets raoa nt allow&ws otC $720,00 per Year), se ftrtiaai 21367.51 (prntding a $lt '00 &Nth bo fit 'a OU death aft:,r retirowont)o £e z"UM 20M (provi" for inclusion of Qaep6mati.oa vith- a►t, limit in 9&Wutations in iddeb acgmwatioa in a faalor), go 3"Uon 20804*5 (providing for an ea eotion tv marchers to contribute and reasiva aarrsat survi.ce credit for the ,-w- vi.oe rtrudfimd prier to he 5"UOU 20W,63 (provieixg for inclnsioa of lifagnsrds nn ocean beaabss as local Wetp mewbm)e i, Section 21251.3 (p= vvi.diag for incroasea in allmaw," to paraws mlraa4r rstlr*4 8o Public Ageacy Psh&U contribute trs said Ratirmmt Systea: as Sollars: &1 6.051 pament of total aalarita saah ronth for 25 y&vs Nan rears elapsed between the affective date of the contract xnd the affoative date or this axmdmsntx on account of the liability for prior aervicee be 9.792 paroeut oS total aularles paid by PuILUc AgQncy G"h mouth to its employees who am wA herseter beaoas Rot* r`o= 702-2 61 ' r ! 4• '� �i F .1 ;N..,t � w ,. 1. .1� ', i.,. '_ ',; w,�.R i '• '�� � r I•;1'±• r+ •�, f±•i� �`r, �'1 i t T}T i>t "i �i '1 r !• S � ,� awbm of said Retirewmt fta fAm. provided that *d* sa2sry owned as mdoon of "'A Rptom a h&U 'as la- elvdrd in avid total sal arijes •. A go"o able mmu t, per amup a fixed by board to emm thf, mete of M'MdniXtW1Ag saki 4sfaaaa as A attests tM e glgvas a." Public Apno7p not inclwlms the oosts of speeial valuatiors or of the periodical Imestigatton 04 vrinaaoaa required red Iq Uv, prarMed butt said namt WW" be dabavload on the b"is of the ==bar at eVlq wtt at rirblia A*eaW Who area ,.ambers as sTn]a► 1 of the rrsp4wUvar fiscal years# or with reaprot 'tie the first ywcr sd pertdai- pstUa, oe the effective datae at mAd partisipationo do A reerroanUo =wmt as fired 47 the Bo&rl, pig &U* in rat lutsl►umt " the *madona U1400 U 0~ •esu at 10e- *U1 vauations oa account of eiplWe" of lPd)lia AR'saWs MW costs of the patio teal iWootigatioln aA valuation mAved by Iwo q� Omtributime requi zvd, of Public AR,saW =4 its srapp'LW oes shall be r seta jest to a djtwtvmt by Bad ooa a000wA of rawwW604 to the hate RMU reos a Rotir aasart lAw, and = acomt of expwimee tads tM Reur"We syst'a# to dkty MLWd tav the perl.eacal iMstlO,UM and valuaUen requind by said Ratirearat l ar. We Cantribatlew maired of Public Ag awl sari its Wloq*" shill be paid by PabUa AgvW to the Dstiremmtr k-etw within tMAy " after the wd of the period to Which sad contributiove refsare it saute or loses than.. the ctwreet mrwt of contribution in pall ter &V perr�ad# propar adjuataaat a all be scale in aommUou vith sabsegaW., mittaam , or adjuemeota at GANY A at Wrab is eerstxl n*Aas "TAred of sny +emplWae sv be auk 17 threet vaA payswsates betweim the empleM and Board• Paymento by FWAU t gnW to BoL rd easy ba vm&e in Vie taws of "matop bank cho ttat v bank drafte, certified chroke, money orders# w c"h• B, 'tis a■ mWA Gall be attaol'•,ed to said contract and aril bwan vat 4eiilt+�,�8i o: >♦/{+e _�rrriioi I�I� � � Itr�r•ri� �arrl� w�M����bi�r��!•rR+ �A Mom sat i anda this 22nd .... daay of .� LIUs is 1961 BOARD OF ALK?aBTiuTiou j tiw CT:i COUNCIL OF Ta GiTr 0W, IvAlr1=011 3EACR I Attemftt ♦' f Aet. Form 702.3 , .. � 1 1•'v iY'�� .e r,Y: kSi,J%�,rxw�n�•r;:. ' .hI ♦u r� ' h hJ �'V'T 0, STATE OF CALIFORNIA HOARD OF ADMINISTRATION �ftdg FmphWd �%effr=rd, talk? d STA KWr SACRAMENT0 14 Mroh 11, 1958 City of Huntington Beach city IL ai Huntiqrton Beach,, Califorr n Attsntions John L* Henric)aven The Executive Officer has approved the arandmant to the contract between your A{;ency and the State: Employees' Retirement System. The umeziderl contract has been eye^.•xteu by this office and a cop; it, encloeed for your :ilea. • THCMAS F. CBOCFM ASSISTMIT ACTUARY Encl. me Rct, Fern 512 (Rev. 1/58) Tr i• ;;','�'�,•: ,,;�'*,:;r,���;� . r + try, � t A£ ,� y P"'Yrt*f twit, It ..}• �N� r+lF L�?!''k yet 'fa �. • f ,r Y0 ' e tl�• ff""`"` �g�� }' • � '� 7,`i r'1i,�, ,it'll . A• ev rier Sim" at M. dtati TAP11grar 1,rta., >rstassgd 1s► 69 X , aad ales C�CIL of the wr pr m*Tw X dwUOs4.� to Sr ftb"* l�P=90 M ia6 =1wm i aerie a rse raa x70 'My# afflwtir+wra O*t*W a� 1*5, �!! as d" atf r, +.ine l 4 1 Mo *U*h is aiZ1,P and XanbMr �� 1!51 rrhiob 1�awi�rrs . t f r lrlin A iat said S stwo Beam and P%bLt* Agw;� 1�ss+r1* L. Wboa'srrr in Uid a the aid "0iir '+ ems, tlw tas vc eP+ l#a 4" isr hwobr sWwtlltglt ' a r, `lz*w IL of said 40veman xbo to331�erireR p atdded to the o6akaft uhUh *0=4it%ta'e Pnra�r� Y � Ismapt so" WI '• �d Sara AOt p�*O�d�� O9Zr Oft lLl�r� at a y� herein and to a�11, gets �s ' ,7 • mot;."f ' . hrl'aai'tthorsof rya=r asa�aLad ass t mb► se b7 chid F &VAPw to tkr* fb 15 iholss ve ate, �r as hlsMbY :tt'1Miraa f'" `tf•!` - ��.a c, ''' ire sne�ewW October t11 lftYj an$ ai Aaltedad atl/stisaxJd O+ra•. 1sps Xsrah 19 19529 +gad rd r ]. 1 N7 I. the tAl]winr paragr plls nuaLared Lc�irno &and Zm �'b laalyd y E ` 14'�r,'�.",, •.....> �- s ngh 10 i�lt`ti*a: � !t. An gardia and 'Larir read ir�rsio mbiah are Wined in ibce llta �:�h^r.'`t0�1i1tiran$ t1 Z.4 aha11 have t2lrr �1 � thy' Utimd rnllets oth is ally Provided, 7 . •,�Y.� ;u.. ,,'*.i,i:, + arria� epesit ��1 • 1 `, *+:r!"" . "t,t _ :��i6 age,, �aii �� � t � r or xlsa v ses for local a+itat�r Ambers.alla �c and r. .. ! '��� ... "V i1 be •jam iTaQ�i� �i Je 01.0i :'rr:A . ?;•,`fa^<: for 8a3h Year of credit Baal, me.-vCORies to bye Provided ',. .. ��. •s;', ad current sa,-v►+f.ca as I aLaCe .,; it w ' •: �.,�'`;a ��. ��,�; wsa rota:"ssrrnt a$ nmtsel �tii'dnirnt ag• � tnaoLv b. 6. Hoj*VLlr oa eeso► % at each year o Pa'hniE of the of prior marriaa Nhign W- 100 A•attit+n of ti.tr&1 ec+ Inxation ulde r 1.act this contractfor enoh provided the toM s�3ca. ?"Ia' a: currant ;erriad uponatirs» W. x.. _ n�cl1Ytl.ti,:A` �� r�:'.`+,', f . ,iiiRk•ZiG rinit-tiarrr,-T'='x,: 1 _ _ • t.TT.�.,�{`�+ 4.�r'. I ^!' •. • • � � •-. f.'!•.'.S:•l.h�l�(:u._.1•1' ..H '. .. +r+x.l .,: 1iA/. �.: ::.M :N • •.tiN fir ` YS.', �' • , • _ ',K i• ''F f. 'M •�Yn� '�y 1 '++x:"fit• '�7 • f.. , Rat. rOm 702-1 If. _%,.'. r, ' � � ,(•r-1 r's' 7 iMl'�N:..h,,.. .fly: �'t��,, �3 , „iyr'r1r••.,% S' +-'� i1�'"��'+"iir” `�;••' ! •a, ,rq'"��f'a,r�.;����;,';.'�.+r +,rr ..�,. y+Y t(�{.hi� Yvf° 7r 'i. f r tl s�}S �!� `("•,{l�' tr �•„f'a�'!. } r y" � t r '��'t���s¢,^: i'�' . `' - .. ilJ liJll• s<; '•' S�'�i»'v Jl S r< .n •i}': fYr �i��i�j'Ax*�J{�C'+ 'r �� { •'i. ..+J &%t f r• r2, .f; ' n�,+,�lr !r + ! i . ,i1 rr{t � l+f'�-�^ 1, i 1 �t 1 i'• i , �k7 ' �" •' ` ... , ;• •' .. s- a,J,,+ •� v"''i�� ' +�+� • ''v' +,i • r• rJ,:w,ne.ar...w•:J w..r a7tsTt.•(zuAtI'+(Gi9C�tY87R13Fr-'l�s'w�., r i t� 1, b 'Y •bt '96`+`l r, :J i` r .f rrr�- ... ._..wrv- ............SAr•Y+;7 .,n.r•r..u.:; +r^+++—+-•�'." .,r,,br �1! , i f, :> "' :;i,' ,;' 7. �► following provisions of this 5`tuts Wass' Matirmeni Lm .{ which apply cn3,y upon election of a contrao" agemy shaU aip2y • y r t �;'' to the POUc Agency and its w4l oy'ess t y (providing '" �+�► ]Pam tag '` '��, •„�•�.°'�{' a. �o�S�� 21Z l..l for treed u a of final oaspsasation fw sash year of ourrernt serdas as a idsaells�rseas T be awtion 2U%2.4 (p�ovidina for a guareat�eed psreentago of Ons". oadgansahion four ssoh year of curmt serviss as a 19tcal safety' s. Bettina 20024*01 (dstising WRimal ooepensatlom" an tir bards � } +} •'' �;'; of a pLriAd off" 3 eonswutive yarn), � ",.��`Y;`� d. Begtdsn 5d(bl (porsvid�t�rg . ,��. rsidras w.s�rsa. of •, S7�0.Oo per year). lwot',lars 2334+ . a 00 Od death bensA'Sr+o �tia attar rettrawnt) f e �S�e`e��tim 20025 (proviWag tar inclusion of aospoaratlron witlunt }' r Us in in soa�tati.ans of beasY'its) . •`!"''' fi. 8r�sstion 2.5 (propltJ, for as e3ao+Lant b; esaibexs to oentri- }��': buts &M meive current savvier. arabdit for tip^ eervies readmed prior ships ) k* Sowbious Q air. ", .�; +.y :,�., � % ;;�� ; ��• � (t��+�6 tar iararaeree is al2s+►�sea Fsyai�ls for tine oaawna� an Mareb 1� 19520 to persons retired an arA prior to March 1, W20 ezoepi that subparagraph "o" abova doss ���' •�' ,'r�� ,:.;��'` , Fes'.` no; app>,•)a , R; Wm Aft Liy shall contribute to maid Aaetir*mnt Rote as fellmse The ma of $U9923.17 per an= in inst'allrrats to Boord O QU. �= require for 25 years, leis the you n alapsed boUson the effectly* t^° •j ,;: ,s'' date of this omtroat and this a asMmnt, an aceomt of the p ' liability for benefits based on parior movice. r ".• ;r • `> be 9, 2 pe6sat of +octal salrries paid by Priblic Ageney scab most :? to its'im +l fsys who are and hareaftsr become aaahere of laird r•' •�'.". �r; �, provided tha4.- only talarr earned at aesbeit (.::;..:•';.;,•,�� . �;.. , of said t7yttea shall be imded in asid toW. salaries. `.-' ''�. ;, r ,. ;•' -;,.�i:.. R• a. A reasonablra amount per a==, as f'!� by Board to cover f �`' }; t ;• .' ' •,,.pN-,R�w i'. costa of administeriaq said S9rstem as it effects the mgag esa of PnbU* Apnay not inclu&M the costs of aposial valnatiiaao }� or of thu pa:iodical imentigation an+d vauatiou required by , Uw,9 provided ;.hat ssi d momt shall be deteisd on the bat; 'e" ` of t1» nnaber of emplq*ms of Pablia Adency who a e a rkbers an *, +� July 1 of the respsat3ra fiocal years, or with respect to the j r first year of parti.oipation! on the etteo.ive date of Raid 5j7; icipatioa. "�t.. ;•f"''; l•}aR �• ..' ,}. w �t. Cam T02-2 M.4,tAf 'Y�;:,,.� y r;1.yr�# J,•-•' - {�.'•",�:L•tv"�r....... .....-........, . ..__v :.a. .. .» r _-t -. ., .,.t• .. .+. .. .... ...r.... T �,!r'a" r,�., r`;?-r. . v a °Y r ti t;t. 2 ��iy .:5 { ,1 11 I ll 4l Y• s ,! ` eC 1 �+ l+t'I•� 7�!'Y ,. '��dtr++. .. - r. dr iFt{�1'.'i}6 r 1 .i:. :e swA Y• •,{:l ' r,Sl,,,../�• , . .. '�,;.11r.11•' ` w�.. ',`.nl:�;'A+,?�' 'd, fig• /'' ,yd,1'0� f+A (+ r� � 'N{ f t: ' t�, �h.''U'�1 � 1 1 d..�k fi.+A.. 1 #' f N (I+r '�tAF�� 1�A, Y� ' 1 1 J •, hh fi��F��j A. +��t�77y'l� o `• ; � �,�� ' F• �,... .a:d y: : ,''.j C��rm..w».«.+.•.�3xrlsnnreea7w:�J.utvstR'�P'wxy..,..r+a,w:..,:.......rr+itA,t'7s1.91.�rl�J.liwl.•w.rrrdi .. ' tA n:' J ,� .A 1 o•'�y'L d. A resso ab]a ouaa e0 at fbmd by the Deal' dl py►ab2o in an 4re. WWQ.UM% Ms the evowdars &rise# to erase aeam oet opt" T"vAU"w nC ASOMMt of owplVmil et FvbU@ Ag*Wt said srets of the PoriodUal ianrestlastien apt valuatim required IW Sax. bh'f .,, ixs"ribnrt me rift" rod of PSMQ limy Mad its s Upas @bean be subjeetti to adjutlsreat br board on se~ at omwhw a to t w SUU lb wurses' Detirsmat Let►, snd as MwAs of "P adicase twits t1w Detit"ro■i M BrAms as detearwt and br the patriobael ilurrertidstiar U& �. valuation ragaired br sold AstirsasM Jute,, • • ,Vie � '.l, . lQ. *fttri*tiosis rcgOnd. of PtbU* Ag"W tad its NW),Ww. s'sa31 be "M W Fab►lis Agmsy to tM lct ras Sys4w ra ui4hj, %ME* .� ohm SW sad of to period to u &h avid ooaWdbviossr rsror. It sr 3e61 that $I* correct snout of ssatribwt+im is pU fw, mW PON't"i pr w adlU%mmt shall be trade in soaiesetLem AU mbse,~ mdtMmos, or wdjtrst+arats an amovA of esma to "ntribtrl►3 x YtTaLrad St spy mvIcres it r be node br direst sash Mmento bW,torwe +'` •. tba sa, :wee aw! heard. its bly• lhrblirc ;%-"W to Dow# MW be Rat in Us re= at wwwmis, book checks; bade drans, *artf.,R3Ma abooksj aoatgr orders, or assh. t, Y •. 0. This mumbuM shall be attasW to said coatraat coed shall Y+ effective w► U2 - dyr r t �% d' p /Y ■w��wa.rwrr� + 'alt"Of Ow VMS mis daW 0f .k; so�3is or AJt�i U IOii Oi17 Omen Nt ties , • :, r• "in DMPIAYB" + I=mD'x SYSTM Cm or Hi?l m" AM / ' •;`-._. t��r�"r , � •r,,,i�',�:� Lam.._.. h •Z. - l�" 1•. F Fla ,fix:_• •.r ..•'• . y 1�,�;r''• k'4 1: .. �'1��•—'i..t,�w wj jrJ mil... a, �i.t _t tai y��.y • � _ ter. µTZ 'lam .f -y vf let. Farm 702- 3 j+1:'!fY%"IiJ.•. .".tkJ^': ..... ^*'T/7w •t`•t'1 :. N't� .n•...,.�. , mat -+• ^-.,.�• y k P r. ka� -i ' .. ,+,. , � I M � ,. .. � •. i • i y"`�-;``-'y..r ,•n'�n•n'..r..ro•.•-r^,,.,,,\ram - ••+...._ .,..,,•„�F+•,,, ...,,. ,.M i,17 f + w 'S t4 y• '�y j h .t ` K�r4h'r „r, All, � :�,�� 1 r rf / �'�ll rfL, ♦ffV ri}. S Wti. �.'i. �,,�,y�Y�� �P {'. * ry �� �/h `,�r`{�+�J'• � ,t Tb �f f t s`�� ".,. .'1, � 4T �,'f� f��.'.-` r`1 y*�ti r.,i,, r � y ''r' �,,`t t+� y,�,�� •i � r 4 r1 �� ,� r r• � v.Y r. A�fr rfll- '- Y�x � 1 l\ ' �,.;' r+ i, j fib ti• �''� .,•,.x V t + f� � ,.+ � -9. �i1�.f r., r •' � /./+ -r ,l' '�. /•.� r S •�. .+{, ' ��rh �."��I'. As a r J 7' • 7 �'r, l 'f f - y - , ■ d W y •Q� rJ 1 I' • ' 77 f ;i} _ .e �:.• w + � r �. d',e + 'I f i+ . f J4 � , I . f�� err 1" ' r AM ir ilk ir AF 41 r 1 S \ S fr ` r �'. � � - ♦ r r.�l,� {��t �L! r. �2 � '1' •f r �� , " �f 4r,� y' r r r M • r ; . - ;A. "• { .S *r s + rr -1 +. Y • ' , i y _ i + 1 - • 1 . * :x • Y,- �+ �• 4 '�:� -tip;? '•r',�•r,.e I - '� v ■ �iY r � T .at• ,�•t , �+�! .• C�` 'v.., .r k r -i` 1�''�l��F3. s ���r�,la t ,.� ' �_,.4.. ^.M.r Wry+ •. ,,{ •y. ,•. �.« ...,•,,,. •,�.,,'..« fi,r wvr;•.,r I..'♦;,n..r,y...T,.,+�.,-... T.v�t•r...-... w. ,..�,•,....►..r ,.rZ.� _r * +' + 4 a.'' ti , r!•IF ! A^ '4 •%' „ r fir' , ' 4�r I �r'�F' rA'r � ? • � 1. } r�sS per'♦i .y' ♦� #r;�ti� rw - # AY , s 1 r,�., ra�1 I '1 ' '1 .Y � • ifs i, ¢1 'ti r ti �j,�'.. rhr 'I' • •I ,• # s , .+ . 47. t . - I' + ��i twr Ys �t�}•r � �`� r'Isg. rt` ^� r r ' . ,� . l � , y;'� '�, +G - � s I ` '� . �� I J+ 1 R .w►1 " i , i } '- l c 1 �t -1��l�w�jr `' ��T- .:� r _ y t r r SV f: IF .R• 'M ,• 3. .r•, wM +�, _yr ; ',•' +rs..,' ..,. 4r,• .y-;. - f '� rr �: +..*,+'`�r `ti'.,_J- .:." ,� .. r� -�r''��!yy'tv..�� :r.�•4v !; ;• f h '. x w.e' �•• d.�11". �, k .. YW rt :,Y wr '�'fr- '��y 't".• •'� y. r''' % .:i��• t.� ,M s,.;.rr ���y`L�4ir..�i + - 1..:.1 «� '� hb• �! r . If 411 4` . ; ,, _ �` Y,�S-• ,L. ';�.b-� r T j, 1: : t ' d . ;+-�...y'_ •ice .t ''h-r,.i-� ;� • x,yr••l *� y* c7, . 7. '•.s ivr '�i- �L Y,W�y+...r�4„a .. , .c , 4 "'-� •*` ;R' '+•, -+': : ,+ � r! _ . `• 1'rA+ ;;� � �*,^ f4,•� • � �y ti �* . ��.� 444�•.`!`�� y� e 'y ,, r "( ,r, '•���' . � '+' r. j .��y �`,'.� •"j:'. •L +r ,, �,.�. ,- " .t•#! wsl+' _/ Y rf ; j.„`� .� � ,,... �, ! �.. -► .�: •1 _ `"tia � � , t' ,. T ..�, �t' � �' °. t +�,,, , W3?� fir!:: '� '•��4 ,4�,.,�. .: t ,.•,•�+� +,.,� :,* • t; .',-�`"�.° �. ♦ {i. 'T y'..... .1_,� r` -�'' �4;!yM. _ t •�i.z1 i' �{ w. ,_Yir�—I W.i".;�.v :A.. .+! 'i/�• " M• �q� � * hf'h .'' L1�.,(�" • •l,t� * �" �ti;, yw^TR\y `� +' -�. � �' •' -Y;� �,• * � .rr •, +. `Yr• - #.., +, ti�L s'4 ` _ � �IK. -��' �'�+•a "..r. �w� t+ M� 7�y:t:.c -, �- I, ,'- _ '' ,r - ti.•1,� � .i �,v.. ..r +:,N ! y '�';� 1: T�/ a. i :� �/1 r `.. ��v ,� i.'� ,�r� �'iY'i y� !�• .. a�; •.1 R R 'n i - � • :r r r,t� a . y � 1�, �� � .�.�'� . . 3 /.. i'i° � , -i'+. .�. . • • �"•. :.'y � 'Mr:� ,%'^�^�. F, �. `7 *r d ,� v.�: - .�- { c ':�- r�}`.., '-' .�•.r-Y �_, �, '�,Ja 7 i' '► a „L4��" � "}J� 1t' 2 �':�.. � r'A' - �" ' 'j• iLt ••r'~" � - rM ��- + '. � I i '� .j ".f. � j r4`w J ar�'r� yV�.� '"rIF�_ fr .+ � +ti: �i f ► 1 ti - [ + + ti` , ,. r * - fi `' fi':!+ 7 . • * cY f s, 4 i, • r r"rl �'' . •�• M �, *,,. ., T. + Vy ',., 4'y41'. w, I. _ t, ! .•� j a+ h..*. i { ,r `4 r W • ' , `'+��`.e *�4ti x �. ,#r `i '-i,,^ ; k- 0.T.n •'., , Vz4.L ._ r.f °!? ...rat, K *:1 <• c - ,t., r' #rti': �•'..1. �!_ •yy rw ,,'A i' 1' r,.,'i.iS''i y ,, _r.. I �'.� • : y �!1 _,`., •~ r�1ri �n� �r�' K } ''��.` } } ''y+, _ i•..#. # v%r•.r.r+', • c.. +► . y� - .* k r wry f•• , ,.. dt ��-.. k ,•• { .`-! 'K 1,w . ♦ y j ,ir `{,'.� .rr ti S r �T�,' '• T-•n ,�.'i' t. �• rr � � •Jkf J r71- ,+��4 ,.-• 'y ++r, rll a'r',{�+,!"^ r'-.� s^rW • �'- �►_.. +3kt�a�' ;�5 .+ w�.r - `.,, . • •. , ♦. �iy 7 � �? `,y�` „yy`+. •L:S.i+ ,�„ -r y �+,�. � � r.. i,. 'yr, A ` �:�„ -1 w!'� .;�. t* A , e .+/t+''h • •! i., yi �'�r. !A;• �� l; ..a• f f" f L 1.l6 Y C. lll RIP . . . . . . . ..... 4,49L Vti:�CM.AYYAN 'CALCUTIV9 Orrietm E ED%A11D M CUOM86 Ax"r1o"T lrxtcv?lvc BOARD OF ADMINISTRATION Orpriccrt Vill 1320 K UMMT SACRAMENT014 rj 'k Af , 41 LAURZN C. IW(Slff ACTUARr �-nr.__ Jwmarr 17, IY55' PLEASIt Dl"Cr YOURPtPI-V rO Git;T of HLntirigton Beach City Ran -La Huntington Ebach., Californ. Atto-ations Hr, Jolti L. 11ezwV)kzcz) 4 a n, on: �v Centlut Eriolosed for your -Plle Js n rv- ^-r 4�hn ^ +-A 4. nErEW TO 14VI40KI; Accc.Uxr Mumnco-. W F'F - -!-or� Agency and Coaten, Horfurth and. &glaM, batneen 7 Consulting Actuerles, as apprcverl by tho Boprd of w" Administration. # ;' ',t''+. 7, i f " 'The contract is for the work is be perforrxid by rho Consulting Actuari ea in conmLIAan with the J., on 1 -954,; quadrenniJ. valuat'i j v. of June 10., -R, Yours t+uly., 6. 4 ly C, HAXGd ACTIJARY Eno 1. '1ltFry�T ,a � + % I j�. J vv— '14 1. b Ret. Porm 891 121511 .351) V. 4 w?." y K ' 4 V 'y 4, W AL A. 4 Polk EMIT A, tR. lt'fij f 71-1. .0 A -I' ECAL W. ;#IAPHAPI nALFH R. 10LIG11 1:r.CjI.44 01 r:rcn FORMA STATE OF CALI ACTUARY �Z EtJWA41V K. CrDMIZS BOARD OF ADMINISTRATION LAURtH C. NA10mr EXrCU?dC OrrtCcR ASSISTANT ACTUARY 4'� 1320 K STnCET SACRAMENT014 M941C PIRECT Y,)tjR i7rFLY TO GICT113fe, RcFrn in MrtAU:R Accati,4T N. r "'MiCT OF COII Y we va; Gy Hme ol Public AgenG7) with the Firm of COATS HMMURTW AIM MOLAUD., CONSUIPUNG ACTUAUESA for rvking an .41rivestiga-bion end va3uation as stated herein. L Thie AGREPENT made Chia 6th day of December 1015 4, by and between the Of I E'er! ME -Vre �crred to a'3 Wiency, and CO . I j T!�)Mpl WHanw.- 'G=�-i a CO - partnership -,or-zosed of Carl. E, Ha..-furth) Arthur W. Zigl d2 d G. Fr k ite an an an a s., Consultimg Actuaries, hLrainafter referred to as Actuaries. WIVIESSET11i /1', 2. Agency hierwwith engagen rnd retains the sex -vices of Ltuaries 2or the follk*uing q work: 4r a, To make ar; of June 30) 1954) with referen-a to p.-rPo,-..--1 who have been and ars rmmbern of the State En -reesl Retirement Syntrm Sri credit for corvice pl rendered as employees, the investigation P,id Ir.-Luation provided for in Section 20127 of the State Employees' Ret.-Xsnant Lr-r) tie results of aaid e" investigation and valuation to be the basis rif determination by the Boare of Adminiatration cf azW necessary adjustment in the contributions required of Agency under the co —tract between its legislative body and said Board. V., t b. To rpake as of June 30, 1954, such valuation cf assets and liabilities tu i may be necessary to determine the contribution which would be required of Agency if it nubjected itself and Its emplayees to certain amndrwnts to i,ho Rotirement Lay. The Aotuarien,' reports with respect to said armndmento shall be cz to3�ows: N a 4.4 j Het. Farm 424-1 Mev. 9/54) 20co V, 1 ;r V Y., C Q P 4% , "I" ifI kI.- I!. *011 t t W. , Y Yl , 4 . . �9 � 'I, i . , / , IPN 0,YY A 0 -that the employees Of the Agency tM It is assumed , 41I."0. 4nd that there ve, 3-1 be in* m,61*hr clasuificaticnat alIded in the valuittion who m,e recelviiae retirement EL1101wal4es becbus o axe who are y4eMbers - or J Of service rendored to Agency, 40 Should Actuaries OncOullter in the valuation any unusual situation or. Actuarie.q be requested by Agency to mmke should fur ther, valuations of different combina.. tiOns of benefits and contributions M p Which might require An addItional- erxpenditu�,o of UJ "t',:ation and reqv.e:.jt shall be brought, to the attention of tho P said 8.4 Ot Adzi:rdotration, Sta!a ET ployec, It is understood that j; I Retirement System for faideunusualdsitu:lar_,ns the tire expended connection with ation and further valuation) in not included within the fee stated hero:Ln, Actuaries, LW 17 5a Agency and Actuaril�pc understand that said Board of Adr stration will furnish t�i the data relative to perl;onr who are zelnbmls Of Said Retirement System with credit for service rendered no ez7PlOYz0s of Agency, r cogs fo Of the work described in paragrap', 2, Dr ary r parfbrmLn%- .0h parties Board 02 Adminietration I -rill mahYavailable to Antuaries that said &280 understand schedules of rates based on the exparie.noe under said RoUrvearloue tabled and s remelt System wrong rp-_ investigations and valuatic::,. B`3th parties understands -further, that in accord ance with said Retirement Law, the bars thereof, as determined in current mid prev:Lo-ds wOz'k to be performed by Actuaries shall be performod ur.der the direction of the ActuarY Of the Retirerrent Sys-�e_*) and thEt all data iii connection with said work including Work shoots, final reaulto n:;1 v and -reports from Actuarian r Property of the Board of Administrationj aliall be the the conclmtion of said work, and shall lie delivered to said Board at 6. For the full performance and 0OPP16tiOn Of aaid services, Actuaries lall • receiva from Agency,, the following ar-ounts: For work provided In aubaparWaph A. Of paragraph 2 hereof Por work prozided V.� r lub-PPrAMLph b. Of paragraph 2 hel-, 0." Total Iq r 4 r" 0,xy* 4 4 4j Subject to adjustment data are submittid as or" account ':)f variation in �'he r'wber Of e7TIGYM for whom provided in Palagraph 5 hereofy frcm t.ho nugber Of such em Ployees stated in ParagraPh 3. RM oubjec , -w arT unusual situations or t to aq adj-istrent made on account cX O_1 account of further valuations of different combina- Agancor agree3 bons of benefits and contributions requested by Agentq) an hareLnbefo provided. th0t VIO Sum fixed in fflia paragraph ai,, corpensation forr'e to be Performed 17.ir Acbuaries the services shall cover only the calculations and, conforencen between the offlo3ro and 6M?lo.',reeo of the Board of AdmL-dstration and Actuaries rM, no"soary in the •3© Of the works excludi s and Actuaries. ng 00--derenceis betwoen Agency iv 11"deratood and agreed that ACency shall den, said Board O-C Admdnisfiration. o rily throuGh Ret, Form 424-42 (,Rev. 9154) 2000 0 11. T, L3 .7 V Y ���� ` • a? I. Imo,. rl.l1r� w t ii.•i, .. ,,, r'j.,�'Il•A''Q�',1�'i�lit" i i ti ! R .y a ,4 • r 1'! r v.. "Ir YI IT :r� r l �,�1� ', f •r `' 1r�YYIv ' yCy.�lAi �w t` �, �;°',;DIY;;•, ,,;;.f,,,, 7. Actuaries horeby agree to render the services herein provided for and try complote th,q same in Il satisfactory and expeditious manner. Antuarieo shall furnish to the Boar•o of dminiatzrati.onp in addition to data provided herein to be furni.shedp a vmitten awanary in duplicate on the He tiroment System' u form.. of the result'a of the calculations made under this agreement and the compeneati.on provided for here- in shall be payable by Agency when such summary io delivered to the Board of Administration. 8. This contract is made and ontered into in accordance with the provisions ew Chapter 4 of the State Emplayeeal Retirement Lawj and is subject to the provisions of said Law. 4'I?tWS OUR iiANDS the dray wid yoar first above written. Q.2T cr +� MUS t,:prroved by the Hoard rS Adrdnistration} nm3f Bins Pxr.U01RUITT S STEMa at the :nesting held City Clerk Jl�N 195 Date COATES, HEPTURTH A:JD TII�MAIMp a ca- -`---��� paxj �rship composed of ----� Carl E. HerDirth By Arthur V1. England .,xecu ;vo �7 aer a. Frank Waites RV I� 111 '�`;•. �yA,t'�!+ ,,,,, u�Ttr cr ``} 1,.�)C�.r A¢'a ±'I`(. $}��'6S'!,'�"'�b �1'i�'; .i;r('� � ' •�(�AII4J �IL���U�l��l ,{, L1���� t •fir F '�';: t+:',Y',��E)t'', ,.(+"1 •'i)I:lr Y,r�4 ,Y' `1 '�rI•... I'!;y lr � 1 ,i f , r d•• , )' �'• is .�" r,;' 4't'.rVf �,, I,If• at. Form 424-3 (Rov. 9/54) 2000 f, Irk r "'� '"' r ' •v' ,( � 'f� .1 rr ',v,',�',t"rr, :*(5'!ST"r....,..... �•••r.+�.r+......,..«•....•.nr .•_,,...':': P"" .-"�y.�.;r.•.•-.•.r•.. w.............,....,.., .. ". .. . ..e.+-.-•.�_ .• .,` r '«..'.'.«ST.)"'` 'f , , ' tr 'I� Y� ( 1y�E 1�„�,{+•�,r J,Yrp r ....... I �ppg7•`� ty .T ,t ✓rw��• �}r� �!.'� �'."•�"'1"•• ; i 1 ,.+','''Y r + r ri , : 1 ' '•h.„�" _e. "• ,,C. a�, ,,F �. 1 "'•NS r�( "„ ' � f,, � "!r" J ��.r f '' r , 1 J !' .r � i �•,M y , i i •� r r { i,t-1� • e ' ;1� w�lr+ll�a�r .: :f n'r,. !4.''�a. ,..., r' ; �''r+', 4�•..; +,: �.,�'1,� �, 't.! ?,•,�'�';`+ ;Y". ;7• it r '�,(�`;�..•;;,,i<:�'.r.�'p? ,�1•, i,;t�k`.j1,k.`�. !, t. it ' i{•. i,•y .vt , tf':f,14,(''i. "'{ //l� ` 1 Y�lSti�rr1� 1 1 �• Y. I y Tr "J. 14 i A W, C14cmtu nAl.ml R. N1340H &)ttU71Vr CVVICLVt STATE OF CALIFORNIA COWARD K. GCOMOV BOARD OF ADMINISTRATION t--V uplogms' X�rtirrm m t C, w-ACRAMCNTOIA PLr.AS16 13MILCT YOUR ft9PLVT0 15CCTICAN J RIFICR To We"Frn ACCGUNT HUM09R 4 CONTRACT OF C= (V M7== OR (Narie or PuMe Agoncy) vith -the Vlirm of COAM) %MWITH AND ZIIGWWj, CONSULTING ACTUARIES) Sox making an investigation and valuation ou statsd herein. 1. This AGRFMZNT made this 6th day o;r Do cember 15054 by and between the C= CMIX M"ftMMffVA WA011 TR, MUM - 6 cc EMIn r referred to aD Zgenoy, d CMM, W H EM I IM,• partnership composed of Carl E. llferfurthj Arthur W, England, and O. Frank Zaaf teas .•. . . . . . . . . . 0. Consulting Actuaries, hereinafter referred to as Aotun-ries, tit t,- WITNESSET. - n 2. Agency herewith engagus aid retains the services of Actuaries for the follot4ing ht X, Q�s works ao To make as of Jwia 30) 1954, with reference to persons who have been and are .............. .................. -i members of the State 13 ployeent Retirement $yatem with credit for cer% ce dered w emplaryees, the -Investigati.-a and valuation providee for in Section 2DIP-7 of the State Z-Tloyeaal Ratireirient Latis the results of said xvestigation and valuation to be the bania of determination by the Board of Administration of ary necessary adjustment in the contributions required of - A annry -teen its legiBlat t- d said Board. under the contract bati Wve boan 1 % b. To make an of June 30p 1954., such valuation of aDsetz and liabilities tea may be necessary to determine the contribution which would be required of Agency if it subjected itself and its employees to certain amendments to the Retirement Law. Tho Actuaries' reports irith reDpect to said amenAnents DWI be riz Poll owe ; 11CM I i (i it* Ret. Form h24.1 (nov. 2OCn -;e, 4, 4.1 V ti 3f ,e �W V— W-M �3 1. n 1,:"! I ry 't is assumed that the 6irployees of the Agency, are of tyro mbar Uif1cati r.oleo . c, 0 ', N-411.1 and .,ham there will be included in the valuation 324 persons who are members or - who are reasiving retirement allowances because of service rendered to Agency. )rx Should Actuae.ei5 encr=ter in the valtation mW urrisual situa tion or should ActuarieR ba requested by Agency to make further valuations of different combing tions of benefits and contributions) which might require an additional expenditu:•a of firma, said situation and request shall be brought to the attention of the Bcard of Administration: State EmployeesRetdroment System for further consideration, It ie understood that the tins expended in connection with said u-misia0l aituation and further valuati on,, is not included within the fee stated herein. 5. Agency and Actuaries understand that said Board of Administration will furnish to Actuariesj the data relative to pArsons who are members of said Retirement System wilh credit for service rendered as employees of Agency$ necessary for pergcrrlLn,e I of the work described Jii paragraph 2. Both parties also understand that said V Board of ! ;'ministration trill mak© avaiWale to Actuaries j various taDlen and A richodules of rates based nn thu experience under said Retirement System among rem- 11, berg thereof j as determined In current and previouB investigations and valuaf ion - Jr Both parties understandj further) that in accordance with said Retirement Lawj the work to be porforred by Actuarien shall be performed under the direction of the Actum7 of the Retirement System, and that all data in connection with said worict including work cbeets) final results and reports from Actuariesj Mall be the pruport7 of the Board of Adminiatratien and ob.A3-1 be Ujivered to said Board at tha conol"ion of said work. For the full performance and corpletion o:C anid cervices Actuaries shall. rec6i,.re j from Agency, the fol].owiug anounts: For work provided in sub -paragraph a. of paragraph 2 hereof $155M For work provided in sub -paragraph b. of paragraph 2 hereof Total � Nj, 145,060 I Sub4oct to adJuntment, on account of variation in th© number of employees go- whom ; data are submitted as provided in paragraph 5 hereof., from the number of such ex- ployees stated in paragraph 3, and subject to arw adjustnent made on account of s:T unusual situation,, or on account of further valuations of different tombina- j tions of benefits and contributions requested by Agency,, as heroinbefore provided. ? Agency agrees that the sur, fixed in thin paragraph a© conpensation for the servicer. calculations and conferences to be parforrad by Actuarie3j shall cover only the between the officara and employees of the Board of Administration and Aotunrieo., 7*0 necessary ir, the perfor-manco of the work) excluding conferences between ACenty and Actuaries. It in understood and agreed that Agency shall dual only through 0 Said Board of AdrrrLzii.stration, 1'1I ,'' 'rIr'ry�:,?,; ,!''+, si+ 1}• '!11't�RY"•�¢, ' ' •• "�J< Rpt. Form 424-2 (Rev. 9/54) 20G0 f i WX Ole, re. f Vn, z.41 J& •'•!`1lElaf �,:.91F,Ei1�n,��:nFrl(I Y' i '' r' y•d � r i uA J y. �I.f• 'lt�•�V , r. � • j `y r - s i / ,+ J '� r. � �,r i" `r� � J' , an`� ti• a' Y .. yvrj ,y�. x 4 t!ry• . 2 , :,•4� +' j" fir'. •�h l,T L r-,. , J�:. ''E�,; .din l'•r, '7 .�.•i ;J ��•�!' ••1 �r'; �1'(, a$r"��a,;i i'; i ��'•;S i�i 1iui{.(f, rt # Jl:�fl`Er ��I I' •� ��1. ��,y��,�jjJ rr, J • �d��•, 4 p I '11R r � 'ribs".L,'y " � t ' Y''r �: � ` a ''::YY1��'•ffj� +' � ref' L.�, r.,�rk�.a •. rr •r,. �• n •. ?. Actuaries hereby agreo to reader the oervi.ces herein provided fo. and to ooLM.. V the same in a satisraatory and expeditious manner. Aotuaries shall furnish to the Board of Administration; in addition to data pro-ided herai.n to be furniohedp a written awmary in duplicate on the Retirement Systemlo form, of the results or the calculation© r..ado under this agreement and the compensation provided for here- in shall be payable by Agency when such sunc=7 is delivered to the Boarl of Administration* 6. This contract is made and entered into in accordance with the provisions of Chapter 4 of the State &iployees' Ratirerrant Lawj 81,,4 is subject to the provisions of vaid Law. WZfitMS OUR RA14DS the defy and year first above written. Approved by ;she Board of rAdmfnintration., STALa zvnolasl RETEM- IT SYSTw'it at the nhbting held . gat$ inl .ccu . 7c 01 cer ciT Vc 11Yw1aOTON Mc ...�_.................V ncy .. Mayor By } tG ! City Clerk TI►ww.��n+w.�+�w�++ e OOATBS, HER.-cURTH AND E:4LANU, a cri- partnership composed of: Carl. E. Hcrfuz'th Arthur Vt. England 0, FrFanl; Wai.tsa 0 ,, I r f 1 I'.a1 F t f' a + Iv Fa wf�,r� J Rot, Fora 424-3 Mov. 9i54) 2000 '�,� if :Y.;w';,k+jt;•' •�,(r�?�'' � 1''' ` ';'/ .,! '� ;d' ..-,.,.•.,.,+r cw rs':?^tr;t: .,... Ir. ...» , .t .+ ., t.. , '.';1.�•.. rerarrtnana w�wr w,} ;r. ,,` .f i , { r�.�.,r�A•-.. .,1. a.5 ,..�, • I" :i; .. :'l' ' j ' S i. r �.. i„f.T.TA. f'r , 'v yi " aT•y:A f�r f , ' ' iC': 'Jtf ..' .. ,rJ'� Mir•'•' •l�l'. .. •ft Tv,,,�.•{,ff,Y'��:♦A'f:+`AM 1 , ty J t �„��ii'�`f r 1• '`i 1• � ` '. �J''' \i r'���9'�'�7�� '', �"1 X,P. . � ' yr4fy r�y' 1 .1 � � ,', ' l ' ,' f• 4" t+a;•�liK'r��Jr tf 1ar t•' I rI ;ti' ,a' r,t JN. f�t',e Ir :Irl'y rr'.yti, i,`4 I.fl , " !• ., t31i',f f J.`.,`�.`•',5•rj ..t,:'�. 'l ,4,Aj. r , , : r • L. 1 k• f A I �;A. r�T� �" �(' �ro'i I ! • .,• � , " , I .. . . r4 .V � •. �' �_1 ,J.l� • � � i'yf`� , ,'�.:' ttii J' 'a '''E:,i r, � - .. •,f :a ' ', 1 :l�'••r �r.,,t, •..J ./ , f .o4r, I�al, •��.'�. Sri � k r� � i 4t{ :rsr% •+1, %�,i,^ ;f .�1 .1 t `� rtc�Y' `�� � rf�,','�'►111! G rt) 'r> •',r , f �/yi �r;'Ir �� , S '.�f. 'yyr�);►�J �r,�t.r;i�yf('�'`(t�}ry �'r �1 {fir ' 1 fr- ,� I. y,4F4 ,; '7/ I�P •%f •!.'f,l 1 t f J1 ,v'J yr rr ;�ii+ A'R,Ia. '•y'fr'� r t 1' �r !t �• ,""''�/w*'�S 1 r' >'r'b.'r• !fart � k' i 3G'+�1 ' 1 •,'t. I ;1,,`"�',�•S4-:+ ' •','h t �, �! , rt fir r f`�+' r' '• .;', 'j :''h1/ '. 'f r Iw.ir•.+M.rYIYerY�lfet.'/IiS`.L>ix�Awwrr.'Iww..rw`.._....�.....r..arLi...-'-w:..++M •P �r WARS 0/ADMIINI/TUT10N DCt1AL.tf OAL4A4HLR. 7'�f�lOtwt !{ r WALTER C. KRNNRIIY. V1e2 1Rf:.1139Nr i JOHN R. CORNWELL I RALPH N. COWINC / JArts A. ONAN - YJ ;. G '• r•4 X' TH4r7 tt4^RR 1i. JRNNRR ROT C. RLDR{ STATE OF CAUroFINIA •� r � i! } F1►R4Ln If. Ror�Nr•fM BOARD OF ADMINISTRATION J i,y t ' �' ��.� ;,t�rr• �tt#i Ltttt��u��eE�' ���r�ztvctt# �+ 1310 K 9MR919T RACRAMPITO to r march 1$,p `952 pLRI i �f+ RR/I ylf~� 4, •! City of Huntington Beach i City Hall. K'r zv Ijultington Beach$ California Att ntiont I�Ir� �• Yi• i�8i11'�t Gentlement The Board of Administration 14B aPPi Wnt to the Contract between tY,e Hunt2x><q ron the Ito F"PIOPea 1 RetSr9m +nt 6ystem. Thf, ready executed by the officials o3' said Agena; k� „1 executed by the officials of the Board of Adm Harch U., 1952. A copy o.P the amended Contract is your files. -+ - I i�§,l'T' ` "' ' �•'veour Fin W. MOW � 1, !f'i '• d'' /1 1 h e ncl• ^Y „ WA ve of r VG t• r,r 1 f•,.i�' ''`Y'�i a-., r �_ '•'t—' -'�tr� 't •, -y rr •C^.... fl^ta• "7� +r� .,.}.{. .•1'.�.. �7�/tti'lifi•4fFi'S7f:�;t„3.ri}.'WV.i•w"vr++..G�'' ..'ij �':I r' ,. ��, .J, �•r•,, ., ` SiY rtIj'��y . (•� JJA r �'. ! J yyyl{���`'1%'•+ > ' ` t t t - .i ; r..'v4f'41, •4 i r,' trt'1Gv. «`., i r ,� . 1,, 4.. , t1 4�• yr ' + A t r tirr l.' V 3}{ �e,5. I• tI a. r r t'" ry 1 d r }. • �r T 1 1iy1• � ii �r�f k . •j 7 � y ' 'rl! ' � r 1 + r 1 ��1 rSSY �'1 .. •: I Z, / t !.7 f r f yr. ,�� ••� . t r►, h r , rpy• 'rf�� 4 fir �.. %�•r f1 x s �•" +p `� �� �} -;fir• r''rr , 1 to i y 1 : !+ tS �,,ti, "'Rl��►,�r r r N „ • 1 q` M 11 •/. .Y +' `R it '. .� , • L. 4 � Y`. , kl'�' � �"♦ r Y c'Ir " ^� • J! •�) +t, t r �''` '? J � ;-h �G 1'% 4 �' .4.. M +• •. '` .l �`' .: ,,� � �f G -�1 .L. `..r,-'v�„"�I' 'l r 2�..,: .. � p# ;. k' -� r4..1>r 'S 4''Y :,y''r � ''r.. II M�'.t ' � aM'-: ti , t ti ,'� ''i � .'t r Y { '.5• �. * [F,'�, � :, `v't {�, �r ,�. +}:;. �.�• ►, r�� �.�,, ' ,{ +'�fy �1 L, 1 4 ? ,. �� � T,�' M',i r'J rtr�. `•r'L*� ., •\Y', ii *a rr ! '�1r �.,. .t �'..i. ►�j1•!•-�Sr i PII 3 ,r. 4 tY..•' .` ,1;�1 ' '� .,\ k^' # i :J. F 4�4{:�',�r - 41� 'i' 1 � f 1 • �+1• f J� v i 'r r; ,«' }� • �'r' 5� �i t �� � ~` ,.J+`. 4 � •,�a; -A ' �' +y .y.:' � G !S4 '�," i. r, w,,r -'( '" '.4 ^'•, , M Y.a ., 1 :'.�' f.... ��? 1 . t` ''d ,' -,1 : � ^ � r i,'' ` .. f! a +'..'.I " '+4-! # - r�` °h r• fit' _ ti s ''. �'+L' r. .1.' +`St.: rr�. •! ¢ ` .r ti*.�. ,v•r. .� rT �'t +# .'r,�I'' t, . J . a i i r r. , *,t !,,. i 'tl �'•'. f�.: w' 4 r i . MJ i „ ?:: "l yI s '., r r (.��l.` j� e;�,- rr+ ��, ��3�' r�ig4a. n v k' + , # •1,' .,v +•a', •" ``r� - 4 � � �{ � ,._y��t�'+'MY. ,. .S4 -.��'. .. _.� .,Y+.`�r' 'r�J _ ^*JO' .. 'hl ,�!.{�_ .Y ,. �•4�'a�. :►'..��. � � _. . v-...:.► ,. t" u_ .:,ii�.aa.,�i. rh . yr.... r/�•'%.%,._��r,r ,., i._ ,F �^,. •r� 1 2. r •�' ` AI tl� ti r .''''Y'R' '(. JI, 4L; :•llYr. «.., .•.•4,,-.r ......+RX'lw Y'•yt']tM+. t.• r •1••-. .... ... w.w.r.....-_ ' ' l • a rY .r5� �. -.- • r,AW.--T To CO3 STATE EKP'LOW S AND TIU; a OF 'EMI Board of Atlkd dstrations State COMIL of Um CM aV' INA1'II�€1x(�I }Si�ACI3 sm e►md inta a contract under dote at ., . r ;:. sddeht prootrhdss £or tin perUcipation or said (3otlt+s'eltlt WAa btaam�i -cc the Reti.tw mmAtt oda lit " 149s said Dowd of A mgm to s w.rt said Contswdot slat ;follows L 1s�2'.4mp 1 b pi saw �t mct shall no IP&MCWAts shall �a friar merl ice, benefits to miM Apuay►a; taint i2i ors Other or Oowatte Aram Off ueros up= �: e r +► sa a pvr onitx of Um a nt'said >"-mursi sn't Law, for aval*" 6a ll � IM per scant Sep 64 ,xbr tim a� of retiram r, • i• .. r per x. Oct s 1M Ao w o•so u Ades , shel'1 tie �.as rxirl mum ado Ao am %W&*rs baeause of eeap x=,, Loura 111�'�atmew or County VINQ r�.OU P22 ,.r4 of thG a4.ist4 A gva'ann psrrrint&V of t"i tNsk doge as a sa�naatwry Sii LL u 14» The rietire-moot a]1,omarms of i:lstyxunt by Pub2le Amoy and curs of this �t tth%U be aatntmt, but in tm event shaU oUmurmW almll be paid for t of Vda auatxlr.,ant in ticr meale amtr000t AAA apply -to rooms of 'i�t a ataendmat awl matt eme a?..Varrww baesed on tlma oPi�x tv p4blic I.Pacga 25. The mv1slon�s or Gactim ? tea prodding ?oar au sletal oat via smiths o." service &I1t,I,L app thM sffki4tiVIS dAte of amsr eorkery vC taai,d Retiraaent 5yuto �. I�x+e�ph lla of Wd Contmat chan The rm as 5 Tb9.00 per + s iic+" shrst req res for thq pv traotp less the ' Lmm elapsed fr s£featt-m daty hemor, ' .4t r.'•If 'ft k;t .l"b�+ir�,r trj �.?.l , • ' , ifs .. - ,'.i ''. J 'fj •'f+'�y!t�.r•J/rar r r,crir , • .y.; . '. 'fir: ....._.... .�_...... __. �.».. .. .. •.r •..••.r n.. ..ww.;rs:.,:(:..!'r`rl,::il.f ..ti",:y. v:.'ri7�iC•'._4`'�`1, r MTRATION 1 ipiMlrb+liLLYL w 1l+JrW� ,..., .r• !: , , /; ; ,,t' f`r} I' r TON T2p].c�ea►1 Ro tu'(i milt Sys tea► s MA tho CITY Ue,>C�Di.ARftrx ref`rrsd to ex � ,5� • , ,dx-.r 27aa 1945j, etfasti-vo tober 1p 7,' 'p �, ?`•'+f y i,' "r(!' aid AEsnc�r :In said Rot�iacswnt Syutsns �'' '�'�i`;'�. nt Law as that Law azi.sted prior to i:.t�tat4» r cheS.ni;strabt'ion and said CITZ CONCU hisr►� be and is hereby aetarickmn tie saki Mad to said ContraaYtt �. ''��' `'.►��^' e` ..a 11c1asm unbars eATAlo* d � Nblist thin Laoarl. F� msna, Laaal ftlisaetans retirement for asr�s, shin ur alr *wad raze sL1ar7 speairW id Section � 4 ','��c •.; t,r sr',���.{a�.. h year of such services and ritid I}er- f tics roaafiana datternismini ems. sand -~� tr• �:;�f;1e;;, F;.� for N,I/U mrmt fornri i" r.Z', rft= ' � � .f�+), 7, •`'45'•� �,+, •%Q,rM6Y:1rG �p'�py 11l a Apnoy as %m. 7' Nam off iftre w d tt* px'P'Ifit low + '� i i.1 �''ri tL� n ,r1t• �yuoI nutirlfrwnt( Law,, pmrfAing for nal ua gmnsa",on four a anh ymr or eYt�'8' atr r F ' 1W suoh p am idk* were YAubws 1i4e mme of oa6+- o mrs �r*tir*d pi' or to tlsl effeatiae re"Ica atad tall than bA*1P tit tads mW allow�ncs be docroa►sa'ds and Aa9.ai i berjrmiz Alth Vvo orfect ve dater ul,at'trd anoants. i'sara�^ph Q of 'thin , raati.red ;vior to t m oi'feotive da.tar E>a oumrs whits rtat�SvinC a sro2i:smat ew►id effotivv date ioomm of a 3.rsg ut �' }z "IN 5 of the BUto EWA r Aatireaoe nt ' walArs to aaattributs to the f`int ]X W ®ems of rablia A.gemy alto ataa mat are trar&ard or t}srmrWr bive* a bye wwrmhtd to made r: or more frequent imtalb ento as of yaarn stated in r3aaid Cm. {' �tp Un data of participatiou to the ' .._.. ..... � .,. .. r r ....... ...... .....-_...__._ a n:.7.•. nr ryr..r...; ......�.q*qd . ' `r/ r • Irawwr,.rri. . r t 1; 4 t 4", 4 4114 ":, . ("", A I r j •, , 1 r • JY K'j,( �, � ��}lj �, rffi,y�'/ �.`I,. .'�S•• I .'' � �- I„(; �i�41r+' 'L1; t. }'fry r ► it fir'+-��4Y'L'�!� �!. 5'•� t •� _ r dTCI�L,�rw�'fi' l� r •i �'j7, j�1ri% � t . i, - ,. f ^'. i�jy�r�r'i'^� �. J 't; ',/j ;4j• if �Y,•�r•. .t n':1,��.5't `I!'•lY• t .5•, , li , .�,14ir r. ,. .. f,+ ''.' !,h r f o- .. IM,r,'• �4f;+'�d /�' .`++, 1 `i('.t►ISM fj.Y+ 'r''/ i 'q. ts, ;•,�r.YI ,%.l.L{.Y , �' I:I~r': I�•rr�,+l1�rl�'' •t: ; r, " '.. •jr�l�L.•����,. ;!j,' .1 } 1 `/''�I� if .�j f� ., ` I ,, `yr, tKf� '.IMdr .f 1 ll.l,l rr ,l �` ,M."�'� y•t , t r'f i rr_°i4 au.wKr.s nYr.f.[i'�'iV.'1''.La. ,.rtsn.,,-..+r..... r......w..r+v..,....................r.4ar...(t+::.,rr.•,M..n.w+n......w,..+u,.l'li1?7�1�.'+`r"hK.�.•+wMr. ' f.•�l ig. •,.f' •Y' .. rr „�,• rat% �• +,�.�';. "3.r}'1,:. :• JA i , , • ,.1 . `'. � 1 1, !'��; r' yr;�1'� ., .h'r • ,i � , I rl •r tir f '. • t6fli ",ii',C4r`M'.'',r�; I ((L'�a '+� ; i 7. The provisions of ;section a14b8t of the State 3aployeos' Reti.recAnti liar, p�;r ;', s •„ dtaaxantsaiing a minims retirement allowance under aertaiaa conditioas shall a t0 raons who an wembers beci uss of emu 10 ent b no The provielorec of Section ZIW7.8 of this State Smplopaosa Ratiresont Lar, l,;.r`• � ;^LL,�,�.. �; �` providing a $700 dtath brnofit after retirement shall apply to persons the cart sse'Abers buaa'ttba of eaaplarment try Aga>aea, ;`' ; x s,�'`.''�,u' ' The-orisions of Section 21.381r.1 of the State r '! p. t'mployer s Re G ireaer��k 7�srr, r 9. �{ 1d providing for a guaranteed pc+roentaga of .:anal compensation for ra►ah y''s+r or. current service Ins a nember, shn11 app1Y► Ea persons rho arr s laeelUaens aembers becausrr of e>s to at b •, P � Y Agency. r 10. The provisions of Saation 20026 of the State Raspltyessc Rotirement L&V9 ' providing for the portion of compensa►tlon t'a ba included it. aortrrutaticaw ua!ler said Lax, *hall a .,ply to persons vho are members because of employ- uient by Agency. r; 11. ."noy n1=11 contributo to Paid Retcirtzoat System as followst ' •'LrtA r. � �' ! .. .L. ' rr • � 'y t � I'r r RWAa a. This •ws of $0.758.00 per sacrum, payeblo in equal monthly or less frequent installments an Hoard shall require for the paried of 85 years lees the tine elapsed from this date of partiaipittion to tha eitfesative dc.ta "cases'. ,Ir I rl 5� b. 0.888_ per cant of total mlarie•s paid by Agency rach•stonth tc Us orrgloy-see vho ercr-Aambers of said Retiroment System, provided that J •, I��r,. '7.1.r Only >raloxy naraad as .feasters of said latex ahall be inolu4ed is said Vital sa>aInries, and ".he employees who ure ssembers of va►id Syeton „,.•,r, IL J�, J } ,.,.'h' •{Y`}, �,"ll,hl,'r% k' :,, I� �; shall includa emplapees who become mabars upon the effactivo Eats horrsof rand amployess who bacc-me members theresaftor. �y c. A reasonable "ount per arms=, as fixed W 3owrd, payable in equal monthly or lean Srequsnt insta►1lsasats. as Board et,sa11 xegaire, to 'i;•'�, ��'.'• 'r��,. �•. � �-` carer the costs of administor.iasg aa:d nystr m as it a•ffe11ts the t;''".`"►�''a;'rr•' '''` F: empleyeeu of Agenq►, not inolmding the coutw of spooial valwntione or of thu pertodicral invoatigation and valuation requl.*Id by law. 1: • .;r' .:;:t�::;, "•, provided thwt said anotuat shr►►17. be deterni ed an the busis7 of the number of e,aploMs of Arsnuy rho and r.to'burs on Jul %tit of the re"otive f isoa.I. yoarcc or with reHpoGt to the first yeas, of ro&rtiw ; cS tion on the tiffs pu , otivb date o4' ersid purtiaipation. 1', •,,• ,�`;::,;;:'�`j��'�`'� d. A resenra►tle ano=t as fixed bjY the Board, payable in ono installmnt from tine to time an the oconsions arise, to cover the costs of apauia7. �°• 1 {''f''''�'" " valuations on account of employees of Agency, and the costs of that rarlolioal iuwaatzgati.a into the experlenos under said Ratireament Systen, an it iiffoats safld employeee, rand the valuhtion of the arssotr &Ad liabilities of slid System on aocountr of sutd e,sployves. Contrl— butioas roquirod of Agency and its employ,as shall be subject to aA ju-9 talent by the Bonrd of hAninistration on account of rmeadneinte to �,� 'an •,'°,;'' ' this State t•5aployssss Retironsnt Law, and on account of oxperience vaular the Rettrommut Syntom, an determined by the periodical bivor►ti• gatlan, valuation and determination provided for by raid Retirement •. ;', L : i K 1 . , � 1 , i; f, !''Ira !• . It • 3 t i y .� rim •','J, _ 1 1 •S. T 17 r: i eJ .M� f'iiji�'`J.ir If/ d• .,. � J� i^,,;tii'� ""�. �Mti Jy }�.# I' ' •, 'F'' , rl Ir }rU l.i i'N t3"•'. ' J�F' �//}}fi .7! .'i.�i ,I - • ,'. . r t � t � Y 1, ' .lj,'i ;.,7+, ` '`,'y!y{,-�' 4, " ,9%�F ��iYi•r (i . ,' , . ,. . r .1 .,./ 'f.r' J l°r 1 • "Y ,i� . . A yre� � � , v ,', . I t. ''rr ' _ . • ,t •, ..,'� :', ,' f Y qx 1. lr :' r : ,` ,�, ^. i >, J " ` Y"�, � �,i , r ,' � t � '� ' ,, i• r ,,..5 y ,;r,r � • j , r. ' ,� �; r, , '9 r�7' i ., Y ,t .•�""•'}}It'4 }y}{f�1'''Ji, Y' ;. 7'r r ,; ..- ),, .JF., �h'.''''¢j�"i•�` (� '4, 'J,: 9� '�•'J' i •'` }' '.Y7f i �� ,?ip •?,;k ei � 1, R.'j' Y s ,' i t. ')�', ', •r �i;i�r'i+ Y r•t.',f� ! r Y F� JJ r;Yry, ,,l, ,'4. 'i , r,. _ �'1) ., '•C. 7MAj �. F� .rpP•p !,j' ,).: I'` �1 '. #Q ;'' - ,� 4:i r : III.•, •, li+!d'{r' y. ''S, �JI f / - S f.7 r ' - Yf(i ;'t:i•,r.:'!n :•J w....� ...:.v,...: y..:r ,. ..... .... __ .. , ,.._ ..._....r�i....•,.......;...v.:........►. __'_...........,Mw%1, ,1 'A , 1! 1"'r �j'\ Ti, I •? t` J ,•I• 'r'•r ,J 4 '��� .' �� � r r. ,� r...� 't +;:�`,c�'a,F {�o •r..f ' J. No 1 i att�rIDF!F:31'?' TOcai ��A^T 3u'I'M�.Al 'RU T9F BOX -) OF ADMI:tiISTR.LTIOiI, 1; R�:TIR }! .HT 8Y."•.R' F'.10 1949 , �r�,+;r,•::', i ' `; ASD CXTY COURO L OF Tim , y,.. ALr,i,::E,:::t'� 011T OF iiUh'TI1JR,i'0N BF.AOK � 'i•(,, '° ' %a board of Administration, State: Wloysese Retirement System. mad the City : � t'' • " Huntington Pvtiah bareinafter rnforred to as Agency, itsving ;' i Caws,cil of thw C L ty o: its; , ,; , ,.;. '.1': -, f; . entered iota a contract under date of October 27, 19415, effective October 1, 1945, Woh provUW% for the naxticipation of said Agency to said Pettroment 8ystea, &M : Raid Comtrsct bring based on the P.etiremmt Law as that Lave existed prior to meadmenta adopted in 1945 and 1947, increasing benefits and reducing ages of rottrewAt, sa.•d Board of Adminiritrrstiaea and said City Council hereby agree as followst Par6graphe 4, Pi, 8 and 7 shall be esad are hereby stricken from said Contraot. .2. The following paradraphe shall be anal are h6rrebr added to said 0outraot: 4. ho 60 shall bit the normal mainLmw W,,e for retL^oment for service, of : I persons who axe nisoallaneauo erwmbers beea► oo of osaployesn% by 1pnoy, that is, tssabore othair than Local ?tremeu and Local Policaman, mad ,. ,. .. ' • o�ae�si:tt,i4slb. nhall bo .%e f..1.:tian of fi�ral �eral+rnaetian, ei>a �.aflnsrc. •..,i,! ' Lea said Petlrement kv. to be p:'ov14*,i on the average, far each .7'w of sar'vica as a widber, by trs members, and "may s nornal contribv,• Aoue, upon retirement at said minis= are. 8. Det'sfits on Lecouat of prior service, tbALt is, Rorviee credited bore - under as rendered to Agency }prior to tho affective date of phrtieipation, to respective; pifrssns who tyre members becu=o of am?loymont by Vsacv as '•i. , ` , ,• Local Firemen at Local Policeman, shall bo allos,ad only as a porcentage ''`"�.•;;'''"'�':� :�:i4' �..';�: ' 1f � , •' '' } Ar•',.r't,4 i,''•�,'•I,Y K'� of theawarage salary- sp6cified in said Retiroue.nt Lev, for each yea' of such service, and raid 7oroentana shall be 100 per cent of Ot? fraction p`;�;•' of final coupennation, as defined in the State F.xplorses' Retirement 7Jraw, for each year of service rend:nrod sifter said dctet as de'ternined for said Tespoctive members under said law, for retironeat for service at W 55, or u;on qualification for sarvice r6ttrament at a higher N,,e. If a mambos• � ,.,,;•'•,':,r' �'h'' re tire% for service before attaining two ES. hie prior service pension",aF �� shall be iedur,amount ed to MA which the value of the nsnoion r_s deforrea Vo age 65 will purchasfi at the actual a.Eu of retirement, �Yi�;~' ;,,•; � 6. Prior service '4enefite to persona who are mivicelleneous meabors beonuxt. if onploywrit by As nay, that is, wombors other than Moal Firssion azd Y � �;; ''i•'4 ' ' Focal Policeman, upon retirement for earvice at the norea;. minia'aa &a-* ontozed in paragraph 4 herAuft shaall be allowed o'aiy as j a tieraeat•s,�'s of �;�r.;),•+, Ir;'r '''1 rfti the ,' ., ♦.:_k. ,• �j arera,�;e ee:lary speai°iecl in said Retirement J�e►w, Car each l►sm►r of suaA sarvias, and said ..eorceutaj•s oluai l be 1t30 •per coat of 1./80. It a member retiree for sar'riee before attaining the norrAil ntuix= age in Steen 4, his prior scrrtie ,sreion ohe►li be reduced totlfat mount which the t►:►Xue+ of 4; �'':',.r•.',. - -` the pension ae dcfarre4 to said atnir un are will prrchaae at the are '•. `',; of rctirewht. :` s r t J,.';e Ifl�, .i�'i ., 1 ''`,'r .. ,1lr,t I•,•:J. ''' t' r.: 'Ji' + _',7L1["Tr.. ..�........ ._. .,.. .r. _ .4t •.. •,F .. .. ... ...... '.\r'.. .nr.........._.... __._- .r-...-a. •�•• • J Y; •,' r ' •=t1 1�' ... _ `ice' 1 r�1 .. _ ' � y,� 4lMiM1 •• , , . T A • ,I, ;-Y•:Y'./1• t,,'. ..SC.f,,:1it.r� r,.t'Li'1f� .�,/� ' al 1, (If"', - IF Contritations requirso. Of Mon2y under paragraph 11 lamd1ately preocedtag, and centribiLtions rsquired of Agency's omployeas vho cars xwnb@:-s of said, Fqation, 0all be rAld ',jy AgeuV to the State neployr9so Rqtjr Rat Eyptex within thirty " afti�r the and of the mouth or low. r period to wlzioh said contri'butions rtifsyr, If mra or Ions thian the correct amount of contribution req;&l.rod of A&onay or its explOyeas in paid for Inv parI546 proper x0astiwnt shall be ands in Conneaticu with subeaqu=t rsaittarces Of Adeavy to the Board, to rectify the orroral or avah majassaents 0:1 vaeount, of errors YwAe in oosifribati*ne required of simployess, a%y be acad.'s IV ALT-u*t oash pays' nts between the employ** in porjzootion vi%h wbou %M arror was me", and Board. F&YU03hts of Agency to Rkwrd x*,V be made is tiro fova of warrants, bank checks, bank drufte, cartitled cht.jkt, wner -ird!a re or dash. "A 36 Dedafito- laolvAing ratt remant &J.1ovAnces, prier to thA effe%ctive dLts of this a"cd=et, x'a%11 rnt be Wouted by this moodmant.' 4. T%le amendmo,.1% shall In atitnohed to said Gentraot and ehal 1 be effective Aa of of elanuanri the 3at dAY Wttaerr, our ha a lip 9th my of AT TEST i .:I 0 &-OWN We Officer — 3 — o4f CITY COUNCIL of the OITY or HMINIMN ZrACK i t I I 30-LU DY ADHIMISTRATIOR STATE F'IPLCYV;21 RVA"Ir-lKa"T Mra JV i i. 911 Prs C,47 d"t, BObirl If 2lAraixistratio-13'" I 7 it r ORDUUNCL SO. 552 h!I ':]iA M CF TIM CSTY IF:IUlirIN(1TO� :)pAcn a caISF'01t U , AUTHCL UZINf1 AN AN t'�7i a' TO Tilt Cati7FtkG"i' � �iOVIDINC MR TIM PARTICIPATION OF M. CITY OF iiMI1X TON CH X!I TIM CALIFOMIIA STATA f►NrWYFM s it 'IMEN? SYSTIr t warm ITS WLOY .k$?l3YRS If)? SM SYSTU11 0 r a U The City Gawscil of the City of Iivati�sgt ,ii Fe�c�..c ha s.alit rr -P do ordkin as f ollm l Section It Twhat an &mendRent to the contra, provf dfstg fCr the Iwxticipaition oftr a City of Huntington Patch in the ft%to Hetp10Vw *mP Pajirawnt Syat",, is hereby authorized betmen the Gjtr Clawil of Uri City of Huntington Hea►chp California) A..nri the Hoard Of Admimiatration, Wliforuia. State HplcTese' Hatireftut Sy�rt'Wj, a copy of naid xnsr wmt baUg at,04h'ad haretos mxlrad "ambit 109 and tip► such reforonat %&,to A kv&, haraot as though horain eat rnst yr. _-AM# Saction 2: The 1%yor of the City of is !,meshy authorized, txpa ®redf and directrfd to executro aaid a wndmnt for aad cm behaU dC said Ci;,y. Swotim It 7h9u C;dinanr,a shall ta!-.e rsff'e,s, frcz~ arsd a air Jxcsu117 if 19! 'sr awxl prior to the expiratiou of mwtean d vya fray Qia w�tn��t . t?x►rr�7! obaL1 1,r publitthel at Isvit onaa iu the Huntinir.on Bearh "-*3# a nfflmP spur of Foneml c'!rculaL•imp publiethad r-nd circulated in the City of fiwst.i.ssgtm N&O-, wid thenatforth and thvir"fter the xLm ohall be in full .tarem a.ssd Ali � tl '1 t 1 +a '• ry ,_.. '; -;,.'� ti 4.r''r d :+; ,r :.>I1/ , .: 1.,1rk,�,;;t � ;.{ a. WFw � d i yy, ., �4+fdi�Alr.; ' .'.��.. `�� .* ]�5 + � .'`� • 1. , rMl ' +'S ,$. di'` J.'� �,; j�,ry'y:'�` nT� rA� �J � ��{ w.-+� �,'- '}�-.,1 ' �'ri � �` R Ar• r ', ,Y,7 r ql.+. Ijt�y.� � ,t,.e I. :q1'� r ` •.�► ` ti r� �+� j 'T .. ,� �J ~+f,}T 14.. r'� d. 7�.��.Y '' �yW,+ S w '�j �" 1•„�l��i �•' ` t'�. � . �' , J .'�;'� �, � :I �` � t ! ,. � ,+ , ,, r�.l� N t• '• it?,. �y 1�� � � � 1 � �i.�ls�� '� ;A�: �:, Lr. ^�iF r ��.�!! +ik ,,.� ' } �,�J v tI,`. S '.�� !j';.r A�.•�,,"k,',� `>� ,r,,y �y. } J { } ' fi��++* � � r, {�4(rti'w�``.R�s x+y.,���� �� �+` m f ++JJ I 'h•1 r t . Ott t 'r ,•. • 1 f � �'� l 'Fy;,�q � �.�"T�...1 a •' Y� � 1 a r .r ] I+I � r+ 1� �. , `Jtil,♦.y,!,�/�1[ _ .ASS � ,+r'l r #�.lr... r� ' Tj A y,� �, ] J •+� � .�� }� ^ •� .� , 5 �,5 i 1. y;yG ��iz�'. "i a r� JI, ARIZ /' RI.Lg7YJiQfJ7t�,itYlJl'rQC3iilrR.l A'SMYYMa�n[!�a urur�.�u.. aa.+•w�a�•�'a.wn�. � � � �. _ _.. _ � .. --_ . _.- - _ r � _ . •_ . _ .... ... _... -. ._ ,_ ,. .. ....._.... .. .. _ ._.. .7 .. - .. • _ .. _.. - -.... ..� .. � _ _ -- _ _ r f r r ] ' It SS`` 1 Ytn� •- t` j I , , i • I , ` F_�card of .' &z.Viintrat' on Aj l� 5tst'a Fi;s;al.aseoa1 Ftc1t`.t:cY:rcnt 3yatk::; .. .• Sa•,.ra,rnto., Cali ILO "n.Aa r (IGnUOMCI1 ! } 1 T hereby ^.Ia. ti p to tiho .i .Ulotrin f; fact.: ' r " 1. That the ri t)' oyeca of tho CiLy o1' Huntington Bwlch, hvrninufter refrrrctl to :ta k'Ag nnc:y", have rsxproused their approval or dtar:j)proval of the Rr:onc:-- ;, . ,;•� .., >*fstt to th►e rcr.trttat, •r:hich Fz•uvides for pexticipat.ien of said Agenoy in the St.'a 4nployaa;s+ Rnt:lmnient Syntsm h.•,r rats fdL1mmif; vote in wi elev- F; r"nl.r.,•/ iiaz crmducLed on r J'• /r r '� ` 1 tho 7th dV of October,.) 1949, in the -anner prescribed tq .' *,��• r`��'� ,.�i r1 Mitt gTwrniltj7, body Of t. 1t +;tmoy: Fdumbar of votes tFuxt,-r of votes n-proving mUd dinapprovinr said � •�;[i ^rnr-sedrler�t n'n:>nd.�.ratt '; .`: 'J,,,{.�..,;::.: , • ! Visc., Elnploy�.00 ..» fib Misc. E 1ployeas ..,.... 1 i. i Police & Fit:-n N%pt* h3 FFG11ce Pc F''i:•c� Dept» ... 0 ,' 2. That tho City Cnuncil of Said Aruncy udoptcid on y the 191 dip of `ft•Ptc'.'t�trra'� , 19hi'y a r•c�t;a121ticra is t}i n vL,).;; f tau mcx:4,a:nit rtt.;%chcd, riTing notice of intention to t:Tnrw;o ni \ to th-, cent,•act rrzich provid&3 for tt•.roVartAcipati.on of said A-rvficy In tho S'tuto RoUremun,L S,1rtc n, . cc_ tifitzd copy of n i :d 'reaoluti.m, in the form fursiz-ccod by said Bot.,,rd of stt--i hcd hera tc. Timto •}tics City Umoil of n aid ACency :±ciop od on the 7th algi of Novembers, , 19hP, ;Ynd by the aif'irmativ-4 ` s maw o —GwG:- do oi' Zia bF.9 oils ZEE —rfiverning ta7IF„v rn ordin-inco approv- ing said anelAarrt to the rcnitorac:t r:hi.ch rarovi.daa for psrticipatic'ic of c'I Agrncy., in tho State Egplo+ vosl f ntirmcnt System, a cortifl2,.d co!'y of e i,d +or,3 wmco, in th-s fora ibz ilshr' by said Board of AdminlstratlonF bobii attachod h/srct;o. / G Youro trulyo ! a R • i �r"i U r i t:'81• . n,r .:It�rdt rvJ CUT .ri F�iiNTINCITCH ztEACii + tt of7 7 enay { , r f' , IY t Y r p 'c}•� �'�i, ;raw`` lI[[ �.'rt: Y�1''Jpi •Y '''' Yr�'1 �I{•• +':{M, • tl'I„Y`;��, r''i .� �•�',�lF}I}•lr,. r7 �' y1; fa' 4�V •r'•�lf M1 AY.r w t'�Y ,`ti t`,Ry ' ��}" •rY,f!•��' �t�. ,f, ra ,s,'tf�'iap,•I�Y !. t, e '� • I,' 'J. t G'!;r ��, ).. •. r. .. i�, rIRR -Y h,K'• i { `, 1 `','`, , .� r,: _ _ 1 •"«r..x«.y:-: � •Y , r lirl: i. �l rIt .f •'''� i �� •� 5c', } •'l..r. •,.""Fyn`-'a�i•:�ii�"Yti;j,,�+f� {�'r�, S ,, , J , R • ; � ! R�', �, ! .. i� 1:P. �,�.. R1�iis }'y x, Y{�,'• 1.. •�?f L r ; r'1 ,e • r r n r., n• �v�,ax •\. e ,•0, 1 r• ;}• ?•t {r' ,'' ' ,� ` �, , '�'n "fir ' ti'� a. tt j'. � I. .� ,� r,Tay4 �., .'r�': •" •, � . +' . '4 , t' � 3 • :.F. ,. t 4F' §4r ;�� 4r� V� 4, ` �t,r, ..3 :Yr} ' f'+,p r ( f ��. , : yry ,. r;+.;y'�r •k'., . 4, �h «r, .�• r r 'r •�'; i�1Y t•,'r l•, f Fr Y ,1� �YY ,7� • / ,! `o#}r. Y �'M ,ly. •r' ft", ��ll'+ '�i, ,1. 1.Y�., r .M1H'''••••}!1•, ,.N'f�'1�... i1'.� .(.5' .A ,4a .i''�1,M' �I �'M+ t�'•'M f• 'iNp 7T's yid r', `'• iy . •t,� , •.,1� i� �Tj r ' �. t• . , r, ,�� ' � Y Y 1�,4t. „1p ,Y}�"��f ';, �' �,; ,'� ti71�' .r'.,, �•� P, Y ,�7.�'.''',, '•R , �7ry f � M YR',7�y;�' ' I � ti S•fi�'�.r'fBn:, .,:��,'E" 'rf,r✓f ,i.' ,. 1�r'''�•a' •Y'1 .� .� (,•'i�``'{"` •"';' .� ,� �rY. F ' i, is _ ,• ,Y t ,1" ,;,,; , ...1Y'''' �.Y , '•A s'Y'iqr; �ti', . r.'n., .�R. jxY 6 ' }';' ' l.',� ` ")�;" Y' • ,•! - �r r': :,� i 5 ",Y`i,.. rY iS. , r'rt',i t , :1,r tl�d'��yr' a'O yFI''�.i it ' ,'•, }. �' f,s,. "Y.�,'1 +'.Y "4•` d' Y Yr. Y�. i. .,�.. lil .l ,j,;�. t,'} .jl'�.,• �j, �''/ r''Y ri •1 , ',i'Y. sC�•aJ ii.{�rY.. ,../ .h+•r',: (, �,{ s!'.. .1r,i1 ti,,,f,.,%f .��,,` 11 fI `Y 1. ,1. �,'t',` • I'' . i 'i. $.w.:.�,.r' ,�. ,J, r, ,i•. ' /• �.+ii'• 'tt„�•r`,fi'y! �'•: L .,i , ,'}y , ...`�i• � ';i }r, „�, � .,,i' l�•.r, Mt ..r"••��4f�ti�•�',�+�,,'�itr'. V:i♦ .Y 'r'p fi'a 'Jdf:' ,1 X'b;{' .i :e.l Y,,;.,',�. ;( ', y'; ;,, ,' '•r,''! 'r, :4,��`U• r','M',• <}; ''' f., M'r+r`, i� r:e'i./r �"�'�;'��;„i.•rS��r',,'•Y 'd' .FW'. ,r Y 1,, �, a: •,i' �;F, •,•'' a .r. 'v t�� •f •Y� Y;+• 'rl ?i 1.. 4, I I Y �,' ,�.i }+'Pr'.. +;''�i i�., . � r ' - ,,� l..,y� ,, •• i e,Y f ' ;•��r, • • �„ry,, '; : � rI,' �«, I•, .'; vl ., ', �,; ::�,!• �',1'� j' Y } r . e � # r ''. �. * f ��,' • � , '�;� ,� �.,,;:. A} . *�"•i"�r�• l,il' '! r rllY+ Y . i e�s��'• .r�t+r+' s,���?�"�,• t ",}�t�;;�r+�l."�•r{,3rh'v" i'x�;��� yJI4C��u. ,,�i.dt:i" .':.r�"'s. v, Y'��r•�'! •�)•�•..' a ''.Y�}:Rig'KT`+hH+Y�'!Y'YTd'.it's41'.Ery'��•:\s�i''+•��.?}.�';'u�t�vff .��., 43�r,•d*..��+:'r 7`rY.'11ih.^/:'d x�„A'Y!7�`. `ME'"¢{i', .. .t< • f• r r � , . 1 I71 ' • 'i r " 1 1' , . .: 11` t . •'r •i; . I "• . f "j . , 'r „ 1 t • !, .y1 yl, it , � 1 '7 ., ,/. r f r ,rr .r � r C. 1 ( ... ". ...,...i tJ :7 .1., _.l ..,C•...-.��i..«.."..,.........�f'�....r:.t•.1.':.':4w.».� ..:.-«L'..1`..t,l.. a.-L�..._u....�:la«:�+..v«.+-..�.fJi«_......... 1'.S...t_�L.t1-.,..•.�..f.�l.a'�..r......at.i�±l.✓..... ".,.....1 r'i.,....:a.....: L.i......:.i ....._.Y �rl.f .,f, :!• ~f. ,,.:�'i , [ ,. • 1 c ' ! , L � r r. 1 t •/R fcr service before rttaintng the normal min.Laim ago in itcrl ij, his prior service pension shall be reduced to tilat amouat uhiah the value of the pension as deferred to ,airs minlm= ar a will purchaso at tiro actual age of retirement. 7. The provisicras of Section 21256b of thrJ ata>rt'e Fr./pleyoos t Iiotiresi::at Law, guaranteeing a minim= retiramarsnt allowulce lundor curtain conditions shall npply to v aruans xho are m m.. bars because of employment by'Ag ncy. 8, The provisions of :action 21367.5 of the State 4uployessr Retiramant Laaw, providing a $30) death bwofitr after retires- mant shall apply to persons 'rrho axa mci bero because of employment by Agency, 9. The provisime of SFiotion 21251.1 of the State Mnployeaa' Hatira'- mant Law, providing for a guarwitee►d porcentago of finkl compen- sati,nn for each year of currant service as a menbar, shall -apply to peraorrs iho are wiscollaaneous imernbern because oC emplopsaont by Ag/wi y. 10. The provisions of sectimi PM25 of the States ikipi.cyeet ' Rotixr-- ment Lary, providing for the portion of ocaepeneatian t+o be included in ccnputations under maid Law, shall apply to pardons nho are members bAcause of employment by kgeinay. 11. Menov a} 211 contriWte to said Retirrnmrt System an rono": at. Tho sun. ,:of $9,758*00 per annuan, payable in equal monthly or loss frequent instalLients as Board shall eggr:ire for the po.-'.od of 25 years less tiers time elapsed frt,n the date of participation to this offeative date hereof, b. 6.852 par Cont of total salaries paid by Agsariny each month to its employees -hoe ara members of said Rotirament 3yst2ai, provided that only salary darned as mcrxbsr s of said Syxtez :Thrall ba included in said tot.'! anlarioa, =d the c2}doyens who Pxe mezitvrs of maid System shall Includo =ployaaa Vho bacomio mombers ul`{)n the offoctivo davo herso.f and vmplotieoa Mo bcc=e members t.h-reaftrei . c. it rea nonabla x4orur:. par ana=, as fixed, by Board, payable in ocf_al monthly or loszt frequent irst,01in-ento, as Board shall roquiro, to cover t`o costa of admir,tstori.n said System aas it affect., *.a amployeea of Agency, not including the costar of s1-rcial vaula.ticns or of +ho pkalodical invetitl- gaation and valuation raquirod by lap, p" �voded that said gmvint ahaill be dotermined on thu basin of the number of otaployeas of A.Sency vho are memborn on July ' 8t: of tho res- pective fiscal years, or r.ni di respect to the first year of participati.cn, ca'a tho effective dat.$ of said participation. d. A reasonabla =aunt as f ixod by the Boards pa4yablo in ono installrmnt frcis timm to tima as the occaasiamsr arier3, to cover ilia costs of special vtluuticns on aett*unt of omployoou of Agency, and tl:a costar of the periodical 3nventigAticn into the exporienca under said Rotirom mt Sys tc=m, as it affacto said anployees, and the vaaluaticn of the asaset.s and r 1,�t. a i,�,,.•r,,t ��f'jy'�"t�•.•aArl�,ITf•,'j`ry'�r�,5�f.1ry4',�f��°' :,RyjLt�' '��{'.?�` "``i�� y' r�► ). r ,,. ''`pfiiar' I.^yw�S(• �ry5 ) ;:" 1 Y■� t,f�• �,'' fir• 'i ,WC�.a' 4 �e, ' 1 I' . 1%". � 'I��j d . )ry,. .++ , , t . � " • �• ) k?°,( ly., 11 ,1, .'�• )�'; Y• �y( ;,L If� 'Iq;A' "•.�='� �;,•1',t f•',I�aJ `y'�. TKI to4',%' ,., j :,�/ •"{. _.try 7�%t'kt+ '1•" 'id'11Y "�'`�) .� :f1•v'o''i.fF�',M,'1�,.I.i''t�',,,,,i,,,��r�e.. ;i.�'i '',1+•.1,t ,�,'±�.,rt:'.d .Y9 .� rr'� (lf:•'." I,f ,'Y. f ., Y ry.A 1 �,'ty��l•�.'1�4;' � ,�t '7 1,1 1 �� /'.f' '� r 6��� •P'f•'`', d 1..Y�ti �1i 1 .'i'�, •) .e /j�: 1:. ,+t',*; , fls Lli M: .�^, •:AJf'.i(: N'P ya 1�II a'� t• fl i'' t�l ry •�):T '1 '," 1'�°l.V 't �, tJ t Al'�"ti j'; 1 !. 1d r,�,.. !� f.T1Y' .Y: J1�3,a1: 1M Y,a, 1.},•1'� 3 h {' " a , • p. Y j f 'a'r W1" !. ;:r+..,• . Y+�r. �. 1. a t', , 'h 1'Y.n..r i l' Y 1a ^..L; 1 '�,•,L7 d.'�� �.. 'f::it •"•rl iF°. � ' { y .1{i, N�� r ; 1 ,�'. 1,�!'1['[',�•� yl�'l� „ '�:1'�" �r,�•1�. dl � � r' ^1} }! �y,�/! !• �jN r�'y.1. `�� �f�y1'�^T� r . I>7 ye,. ,v'i •l : /;'" :'` t ,f,' ti i,l • ti3•-, • / 1 1 011 ;J,,�•�; oil J• 1: '•Y J'lj1+, r '1 ! .x•• t" +.. r 1 yJAl ,F,. �!'.1 .">•'.. yts'�'/' 'ril�i .� i(1Ip.'t Xt.l, f•_Yf7.• r1f.,. .rt �.�,pjyR, .�y.�,L',. •F 3�_..1 ii �,i'"•.1, �1. 1+• '`d:1 r'.,rd lf•r.�i �� t'. �r '11rr1 '7Z',,, ,th y,`.•" �,, flPl.', tt1r,'Jil t,, iS• ,....'fir f, .1 k '\' II C.':'1 ',wdi� ti `r. ��'[•'. �4 ""�� .�� r;'in �,/ .(t ll\„�i,•1 i1,�he wy�y�, //I{;{. IS�j��y5"{Y�,�� .i�.,l. Jt/1 t'.,, a '' f �•� ,ly.. r t�' It ,.'' {� tY,,' ., .. �,r ►r'Wli ' �r l5i'1, (r'�i '. , y II i'r<� (, S•!'h^!•'I/,: `aN711L. i�{� 1' ` a •iyr• :" �•; ✓ �•'' •� ".1 .�,i w.r r.a 1; .1 � }v •. rl ajt . i� 1r C hJ , 1 •ti 1`, ^it, ' T• 1 ��It•/��•{` .1'1 � ,,.,YF;•, f i" /..d:• ,' �;�;, •,n ,1�: �.. .;�.�#'Y F. '`` ,'��'".";�; ia•'+'pa"�4yye��' fr rl _x,•" I r.', , L�`t' r � 1' ' r, ,1. k3 . ���. r,� : a' �,• J [ ..I:i �+ 1 , i+• t .�' 1� j tl �, Ja 1h.. :h '''' } �' � ,•�a a (, '� �., k .e,•1: �, .1, ,1. (! rj }a(.'r)'�/'!, .tt:Al.• r {r k ,. ;fit J'i r;�,t r •'+`4'.J`,.7y•!iiy� .rPi�R' ''!r. ''•'.j��•• ' {�y►�r/rr�Yf• y�1r, +ri ..+d. •Ya... I+.. J.,J,•'. Y"%.,r if.Srd.•i4S:.tt 'l.+iij•..-, `..I.0 r, i }Y.w ,'y•/ r`.. i `•rM('1^/( '"l� i.f/. .:i •t ' y°',�'j,•. % r A''.!.(L '�•S' 7"•7 dtq •�t'' ? r f 2 a • f. r. 101 ZJ wj 4 ;L 31 rr i1pbUitiou of said System on account of so -id ernployeau. Gt tributions required of Agway and itz emploYzna shall be ti oubjoct to adjustment by the Board. of Adnirdttit..hion on account of lamendments to tho State Ub-ployces' Retiria.ment Law, and on account of -merperience under tho Hatirecent Syntan A an daterailned by the poriodir.al investigatimip VVRIUat1011 Lind 'by said Ratirem.w.t Law, detomination provided foz 12. Go'titributione required of Agency under paragraph U ir=adiataly Agancyl a e-to members of viid vid contributions roquired of mployean vho a Systatate EmployboBl hatiraeoni SWAK mij shall ha Iby Ag wA4 cntay to the S within thirty days aftor the and of the month or longer period to Which - said contributicna refer. If noro or lane the corrvot uqdnt 'at confiributimi required of Agency or its omployeso in paid for any perlodt proper adjustment shall be wade in connartion with oubsequant re nitt'andoz -)f Ag3nay to the Board, to rectify the erroral or such adjustments an aoc,7,int of orrora mde .in cortributione required of employees,, may i bi isaft by dfrect'uadh paymar.s betwer. the employee in connentim i1th 'whom the'' error was made, and Board. Payments of Agoncy to Board may be madr in tha form of warrants, bank checks, bank drafts, cartiVied checkag noner crderb or cash. llanoflts) lacluding retirement allowances, prior to the effective date 6f A. this wandmRnt, shall riot be af fcatad by thin artaridn ant. Thia r.,n911dttnt che.31 be attached to nal.d Gemtract and ah4ll bo etfe;:Uve atit iL.1' thn IntAky of Jiuluary 00 '0-' TlilhneoLi our nand this 9th, day of flovamber 1949 CITY CO1 of tho MIC21, ATMSTt GITY. OF )WITTRUT011 LIZACIT 01 r k 5 MAN OF ALUDITSTRATION ATT. T DiAMT SY3TFV STA Z MIPLOYEM RMT H7 acutIve V Pros anti .ear d or A EITF-TitraiTion - -, . . - . - . - . - � r) 7-7-17--_0 _.11', . --- r I .- ;' 4 , f . " , ', , r . .7 t- - - - - - I . , 7 f i't I �.. ..'+ .a 11. /' J, 1,/ 'r `� +•'r 'i � !• j;_ ...... L . L.L J C. t•if . A EANI. W. cj-w PAM 91WtVP1Vr VVC.rTAP.Y T1402 E. STANTOPI. PAR2109UT a:_ nALPf: rt. fJ1LfiVN H. 14. DERLDICT (-.-- -_ JOHN ft. CO4"WWLL 5iVIPL0YEArTUAUT E3 DONALD UALLAOIKIII R ET I R1:*.M �NiT C;Yq.Tr- h/f rvan A. cmAyTrms JAMES DtAfi WI.LTgn C. KENNEDY STATE OF CALIFORNIA J;'CrPlf PC STrif'HINS : -�j 1* r-1111 j- 40 102 ATATC 43VFICE BUILVINIM NO. I it k. 14 TV41111 AND L XtkzKTs ! Li. i. SACRAMENTO 14 r i.; IV CONTPACT or 77: Y kName of Subdivision) 41 w tithhe Fn14 OF COMS AND UPFURTH, COPSULT.NG iCTUARIPS, for .. determining approximate contributy i= which wou ld be required oP subdivision by its participation in Stato Employacul Retire=nt t A, t L THM AM3101T made this.15. (Jay of 194; 0 4 by and beftroon :rhoy (it! the (City Council, Bcard of --unorvisors or GovorninG Olga InWITIN00`1 WWR an Var;Y of the first -R,,t and Coates 6.xd ! Ulazan of sutdiviaicm/ If Iforfurth, a cc-partnarship o=posad of Barrett IT. Coatei5 and Carl ?,, 11,jrNrth,, acnaulting actuarios, partios of the r000nd part* ""IT1111 4 SSET11i I A, 2� The party of the first ptirt herevrith anraL�aa rind retains the 0orricor, of the var4:ian of the sacond part to maka ouch invontigatien into the employmb ent ak- party e ti=-' pirionce of the of tlio first part, and nuch w1uation of the bonaflt ciontribiztioutt provided in the 16tato 1�nplcyav,31 Retirement Act,, as may be xlva6asgry to determine the approximate no disiinguiahad from tho deVinitivo cmtribution which would be raqvirad of the, party or the first part becauzo of naid pavtyl a partioijxxtion in the Stmta Ekiployeeal RetAramont System, upon the ascumption that suid rjarticip&tion will bn effective 19 and upoi the Airther aa-id pL r y's amplayuov Ahgxe asnumptlw that the roxnbor and clausilUca 141 inombernhlps aro contomplated in said participAit-ion are an f oll wa i 4 200 0 : A j jo. . f N Minimum Age for Voluntary Clao3ification ffumber Sorvioi Rotirezrat It Cl,ty Firm.ion-,, as defined In aeoti-,M PC of th" State Mployeen' Rottir-iment Act, d 26 city Polic", &trip Wined in Section Ab o ''fate EmpltrJoap, ROUL Act, _-OWL. Enploy6es at -heir it-&* City Firemen and City Policemen Ax prrmided 1z the ? Hatirollett Aot 3, Shwuld the pArtiou of the second part onafyanter in the valuation any unus ual aituatim, or sl;,ojld said pmrtia, of the second part be ruque ted by the part of the fist part to Take furthor valuations of different combinations tit'. bouefits and oontributions, which might require an additional eupanditura of t1wo said situation tiad requeat cho.11 ba brought to tho attention of the Board of Administration, State flinpleyees' Hatftement Dystom, for further nonoiderations -!oizoatlon with said wavaUal Mit"tIVA It in understood that the time supended in i arth,!r valuation is in n-t includud within the fen atated harai f no X The party of the first part agrein to furnish tc, the parties of the nd part, through said Bcerd of Adminiatrotion, the date. relative to its em- plorea, paut and present, n6ceseary for the doternination of said approximto j contribution, !!,)th partioa uzy2oretrind that said Board of Administration will Y imake wmllabls' 7,o the parti93 of the s000ni part vitrIcus trbloo and schedules of rates based oyi-12to oxporience under said Hotiremont System among memboro thoroof, as determined in provious invastigatiana and valuations, Both partior lilwwifle by pajxp underatand that in accordance with said Retirement Act, tho wark to be performed the sties of tho second xt shall be erformod undor tho direction of ths #ictu.,y ct the Retirement System, and that all data in ccmnection with said %YcTk, includinr, work sheets, fInal roaultL. and.roporta !'racearrt o id Va ies f the A ac- MU }art, -Anislbrntion and shall be of the Board of Adr rialivoi-L-d to said Board fit tho ocnolualaft of amid work. For the full porforrance and completion of said servinoo, the parting of the second part shall reeeivo fillon 41.-hn party of Vie first part, the aura of cub act to adjuvtmont on account of variation in tho number or cm- r f f .,In Whose mettLbera),Ips ure contomplatni, and for whora data aro vuLmitted O.S1 -o provided in paragraph 4, horoof, from the raunber ol" such omployeea atnted in pAra- uA graph 2, and subject to any adjustma de ade on acoouany uOus' nt of LitvAticn., or an tocount of Author valuation of different o=binations of benefits and contributiona requested by tho party of the first part.. as hornimbefora yrovidads f.", The part: or the first part a6maa that tho-atim ftzed In this r4m.graph. &a 6M. Vaasation for, thjorioen to be ormab--:thesoofa-i ahall cov,3r only tho calculations and confrnvnoen botwoe.-I the officers and employ- 00: of the Hoard of Administration vaid the partioy of the second part's naceaetary in tho doterminaticn of said approximate no diatinGuiehad trom the deftnitivr contribution, oxcluding oonforances between said Dirty of tho first part &nd partico of the second part. It 13 undoriitood and aerstnd that the party'of tho 7. Aj Jj All ell. RAM tkM: -:jV MM A;A T 10. f fit -at part al -,all deal Yitl-. tho TArtias of tha_zzz-ond.. part only through saie.�: 1 c;, Board of Administration. 6, Ilia partiou of the second cart horaby agree to render the servicev horuin provided for and to complete tho nnino in i satisfactory and axpaditiow) T,-,(L-%- ner. Tho parties of the second part shall nirniah to tho Board of Administration, in addition to data provided herein to be funiiahed, a written summary in dwDlicate .... ... of the results of the calculations rnade undor this al, -regiment r..nd tho compens;xtion provided for herein ahall be payable by the party of the first part utfon Nvol*- sui-nrtry in delivered to the hoard of. Administratiozi. 7. This contract is mad e arM d enterod into in acoordanao with tho proviGiA -w&l of Skiction 581.) ;f the State Fztployeosl Retirement Act, and is aubjeot to the pro- .4i visions. of nti.ld. Act WITHMS OUR IWIDS the day and year first tbove writteas City Council 76Ry— Vin-611,11 11 11 _&_f_G_upe+v1;ors" or "Govoming Dcard") A'. 'kill. VIC "Ic 0 Tog 7111or7c or 6ecrotary COATES AND HCRIFURTH X co-rartnorbRip or-liposori op. Barrott No Coatus Cnrl F,. RerAirth BY Appraied by the 8oar6 of Admiristration, .StatMPlowee, Rotirt).mant Syatfn, tt the rnntinr hold ?�77 I 'A iu 8,6cre . V n n -3 1-4o me 1 r ' ' r , ' 1, . ' , • / +• ',�/] *r 1r, r . L Al, ro� • I . F?. T", ?1�� I, I j? I - '-*. " ';7 " T ,fi. C� A `INN MINMM�� '% J1 9 . . . . . . . . . . . . . . 1{v, +) 'I t re 7 4 EARL W. COWMAN NX9CUTIVIC StL;RffTANY 1, XTAIdrOfi. P99110INT RALF14 A. NELSON JOHN R. CORUWALL Ar!JAXT DONALD GALLA13HZR JOHN J. MACLYNrs k JOHN F. HAMER WALTrx C. haroany JOIEPH H. ETtiPMEtle STAVE OF CALIFORNIA. �myf-i�'u -1 102 BTATX 0 TF*TCC BUILDING No. I Mro C, Ro Furr TKMI"I AND t. MIK=x City Clerks City &II• SACnAMMITO 14 h", Runts ,trm Beach, Calif =1A January 8, 3945 J. Gentleman: You We requentad that the Hoard of Administration Nrr$.sh a quotation of thfj approximate, as distl=xishad from the definiI;ive contribution to tho State ftploycoal Rati7exent S?atv. which would be required of the CITY' OF 111UNTINGTON MCH CITT OF ITUNTIMW BEACH or l Ocduah of e "County," or 119cSoo-I Distrio'.9 PSW;r RuEdiv alcin) b ita partlIcIpAtion in the State 9ftploymes' Retirement System. You ticked that, efore arrayigaments for the Investigation and valuation requirod in the doteraina- •making tion of the approximato contributions you be tirnisbed with an approx1mate cost of the work. An approzimato statement of the cost follows, subject to the understand- ius that oltargoo fur the tork. will be bused. on the number of mp-tayeaa and Oat the tiltininto amount may vary slightly either above or bolo: the =0unt here quoted If the number of employocs in MY 13113SWICElt!.013 varlea fr;.,.-.% tho number given below: Minimum Ago for Voluntary Classifleation Numb a r Service Hatirement Rstimated Cost 1. Cit y Fireman, as definod in the State Fmployees, ReUroment Act. Citr Policemen, as Cefined Policemen, in the EmployeesT Tietiremont Act. C, -d 3. 17hployear, other thun City As provided in the Fireman and City Polico-man. �2 Petlronont Act 235-00 "b In underfitood that 883U1nP'ti0J;3 QS to prior servica benefits, Shall tri in nar.ordance with your roquest. Upon notice from you un the enclosed form, that after roceiving the --ora- goino ost!natos of cost, you have docidod theft tho Investigation and valuation shall be rzods, the Boar%!--ef ta bt--4rCx-,Utcd 41:7 :,Cu and the conaulting natuary chosen by-tho Boqrd, and also formes upon which, Yle 'nt6 vbOut' *nur employee,.,, nacessary for the investigation and valuation, will be liat.321. . Yours truly, ,r` STATE JE3 U), SIP 11 T. W. Nat h apni 0-11 I-a-39 100 mama J"$ . -, I .,,/ ; •,.,. •,0, - - . , I , I ", 4 I 14 1'"),iV, C errf, " 1 f I I -1 �A 1,J P. . . . . . W Hunt.ir-gton Beach,0alif Jan 16 1945 Bourd of Administration Emnloyoss I jjGtirUM()nt System Sacramento, California Gontloln.., Having r000ivod from you, a statemont of the approximate cost of the irrrost1gation and vgluation rwquirod Tor the quotation its horatofaro • eqt thu tbo , oL,3istghefmxinve cortribution to t)jQ Stat"§LPIOYOW RatirQment SYBtfira which would be Iroquirod of the 01tY Of Huntingtn .,.74 V1..r,,t Boach hooliusc of its Partinipatina in the (1=10 Of Bubdiviajon) J� Retlrewert System, We now desire tn-11t You prooead with the inventig,-itio.n and vulliaticil. You nre requostea, thoreforo, to fonvard tho oontract to be exaautod bGt-,-oen the ' MuniCIP111 ClOrporation - — ----------- ........... ("County", "lamicipal Corouration," or "School. Distriot") and the oon3ulting actuftry chostin by your Board. and alno form" upon which the neceasary duta about t1jo oubdiviajon"a c-1-10YOOG mill be listed, Yours trIttly,, alty counoil ("City Council 3oard of Super-,rinorA or "Governinr Board"' , N� BY( j f W O.,jrk or Socrotary 12-42 100 :j j .44 f N T ;7. k I • ii.� A I q LjAL.�' -4 ILI Board of Adra--4n1Gtrat-:cn Stute Exployee3l iotirerr.nn't System 'NcrmT,P.,;r,tc, California Gent lqmont Having received frcm the Consulting Actuari:�s through the Board of Aen.inistrriticn, a statement of the apprioximato as distinguished from. the dofini- ti-vo (-cntributi'cn to the State & r,ployrioa I Retirement System, which would to required of thefern.beceusn of its Name Subdivisicn of participaticr. in the actirement 3yatem, we now desire to proceed with tho steps N' 01 nticcz%ury for such participation. IV It is cur present intention 1. To allort benefits mi nomint of pi,ior service, that is, service credited Aw sunder ac rendered to Subdivisiun prior to the effective date hereof, to city firemen wid city pcIleemen and to Y other employees, only as perventages of the roapaetivn -,veragre salaries specified in said ictirement Aut, for each your of such somice, and that said percentages mall be equal to Ono Hundrper cant of the analogous ad Such as "50'-, "75", 11lOO,rT-- percentuges now used under said Aetirfuraerst Syritem in calculating - -s of the benefits on acccunt of prior service, ullowar! to membez California State Highway Pati Lind to other employceh of the Stutu of California, reapectively. 2. To liquidate! thn liability for benefits to be grnnzed cn accounf cf prior service, mrm- a period Cf T ty five wart _years. 25 or 31)) Z To include All citv fireien and all Oin POIt cemen (Enter rail I or uny--oF'rC-1t,'y Firemen Ci ty Pc I i a encn" , All other m2loyeee subject "Or.plcyues other than City Fireii-ion tine City Policemen tc the vpprcval cf said Croups. 4. Tc nmko plArticipaticii effect1vo 4n. - To an the prc-4ricric of Section H4 or iFTO or "not to apply' the State Emplclyeerrl Ratlrur;:ont Act to m-mterz: Mic art- emploveos of Subdi vi sion. 1". 2'.. b 2 - 4 2 1 C 0 j x p •.1 + ' ,fir ;ayye • �wHi�jix• � ;r y 7,r7�e '���t �� 'I �. •C Xiyt. _ • t ; * • r•� ' r�,rr �r ` f k..]"�4 �,+ , }rrc'r r,•� - + r • • N 'L Y rFr1[ y� �1 � � � n • i� f ,t • a i'�iit+•4 � r � • IfTf..�r J,,''. rru , dr, IN+rr1' 4 J f y 4 r t rL ,it • .r 1� �'>r.a.I:•1.! 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