Ordinance 1357ORDINANCE NO. 1357
An ordinance of the council of the city of alameda authorizing an amendment to the contract between the council of the city of alameda and the board of administration of the california state employees retirement system
New Series
Alameda City Ordinances Ordinance No. 1357
c The following provisions
of the State '
Retirement Law Em
which
of a contracting agency
shall apply:
(1) Section 21251.1 (pro-
viding for a guaran-
teed percentage of
final compensation for
each year of current
service as a miscel-
(2) Section 20024.01 (de-
fining "final couipen-
sation" on the basis
of a period of three
consecutive years).
viding a minimum re-
tirement allowance of
�720XO per year sub-
ject to certain condi-
(4) Section 21367.51 (pro-
viding a $400.00 death
benefit upon death
after retirement).
(5) Section 20025 (provid-
ing for inclusion of
compensation without
linut in computations
in which compensa-
tion is a factor).
'
apply only upon election
o
bute to said Retirermmt Sys-
tern as follows:
a. 4.371 per cent of total sal-
aries each month for 30
years less the years elaps-
ed between the effective
date of the contract and
the effective date of this
al on account of
the liability for prior serv-
ice
aries paid by E ublic Agen-
cy each month to its em-
ployees who are and here-
after become members of
said Retirement System,
provided that only salary
earned as members of said
System shall, be included
in said total �,alaries.
c. A reasonable amount per
annum, as fixed by Board
to cover the costs of ad-
ministering said System
as it affects the employees
of Public Agency, not in-
chiding the costs of spe-
cial valuations or of the
periodical investigation
and valuation required b
law, provided that sZ
summit shall be deter-
mined on the basis of the
number of employees of
Public Agency who are
members on July 1, of the
respective fiscal years, or
with respect to the first
year of participation, on
the effective date of said
d. A reasonable amount as
fixed by the Board, pay-
able in one installment as
the occasions arise, to
cover costs of special val-
uations on account of
ernph'yees of Public Agen-
cy, and costs of the pe-
riodical investigation and
valuation required by law.
7. Contributions required of
Public Agency and its em-
ployees shall be subject to
adjustment by Board on ac-
count of amendments to the
State Employees' Retirement
Law, and on account of ex-
perience under the Retire-
merit System, as determined
by the periodical investiga-
tion and valuation required
by said Retirement Law,
8. Contributions required of
Public Agency and its em-
Pleyees shall be paid by
Public Agency to the Retire-
ment System within thirty
days after the end of the
period to which said contri-
butions refer. If more or less
than the correct amount of
contribution is paid for any
period, proper adjustment
shall be made in connection
with subsequent remittances,
or adjustments on account of
errors in contributions re-
quired of any employee may
be made by direct cash pay-
ments between the employee
and Board. Payments by
Public Agency to'Board ma�
be made in the form of war-
rants, bank checits, bank
drafts, certified checks, mon-
ey orders, or cash,
c
tached to said contract and
shall become effective on the
day of-
BOARD OF' ADMINISTRATION
STATE EMPLOYEES' RETIREMENT
SYSTEM
By WILLIAM E. PAYNE,
E Officer
CITY COUNCIL OF THE
Attest: Presiding Officer
Clerk
L the undersigned, hereby certify
that the foregoing Ordinance was
duly and regularly adopted and
passed by the Council of the City of
Alameda in regular meeting assem-
bled on the 20th day of December,
1960, by the following vote, to wit:
AYES: Councilmen Collischorm,
Freeman, Petersen, Schacht and
President McCall, (5).
NOES: None.
ABSENT: None,
IN WITNESS WHEREOF, I have
hereunto set my hand and affixed the
official seal of said City this 21st
d,iv of December, N60,
SHIRLEY H. TENNIER
City Clerk of the City of Alameda
Publish December 22, 1960.
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