CONTRACT 537D AmendmentA /h1 J , 1#
ameMDMENT TO CONTRACT BETWEEN THE
BOARD OF ADMINISTRATION
STATE EMPLOTRESt RETIREMENT SYSTEM
AND THE CITY COUNCIL OF THE
CITY OF EL SEGUNDO
5
The Board of Administration, State •loyees' Retir.f ent System, and the CITY COUiICIL
of the CITY OF EL SEGUNDO, hereinafter referred to as Agency, having entered into a
contract under date of August 25, 1943, effective October 1, 1943, which provides for
the participation of said Agency in said Retirement System, and said Contract being
based on the Retirement Law exclusive of amendments thereto which changed benefits
and ages of retirement, said Board of ministration and said CITY COUNCIL hereby
agree as follows:
1. Paragraph 8 of said Contract shall be and is hereby stricken from said Contract.
2. The following paragraphs shall be added to said Contract:
8. The provisions of Section 21367.51 of the State Employees' Retirement
Law, providing a $400 death benefit after retirement SHALL APPLY to
persons who are members because of employment by Public Agency.
15. The provisions of Section 20024.01 of the State Employ ' Retirement
Law, which provide that "final compensation" shall mean the highest
average annual compensation earnable by a member during any period of
three consecutive years during his membership in the 'Syystem, SHALL
APPLY to employees of Public .Agency who become members of said Retire
meat System.
16. The provisions of Section 20952.5 of the State Ehployeee' Retirement
Law which provide age 50 as the minimum voluntary retirement age for
Local Firemen and. Local Policemen SHALL APPLY to employees of Public
Agency who become mothers of the Retirement System ae Local Firemen
or Local Policemen.
The cost of such application, except paragraph 8, not lending itself" to
ready determination in advance, shall be determined by the Board of Admin..
istration at the proper time and in the same manner as other contributions
thereafter required of ,Agency under said Contract, and any adjust deter -
mined by the Board as necessary shall be included in the contributions there..
after required of Agency under eaid Contract.
4. The amount shown in paragraph 9d shall read $25,786.14.
5. The percent stated in paragraph 9e shall be amended to read 9.095.
6. This amendment shall be attached to said Contract and shall be effective
as of November 1, 1955
Witness our hand this
BOARD OF ADMINISTRATION
STATE EMPLOYEES' RETIREMENT SYSTEM
President
day of Sentember 1955.
CITY COUNCIL OF THE
CITY OF ' EL SEGUUD
///4L,
Presiding Officer
Attests
Clerk°