CONTRACT 537H AmendmentAMENDMENT TO CONTRACT BETWEEll THE
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF EL SEGUNDO
1#6&,le /o/1/'
The Board of Administration, Public Employees Retirement System, hereinafter
referred to as Board, and the CITY COUNCIL of the CITY OF EL SEGUNDO, hereinafter
referred to as Public Agency, having entered into a contract under date of August
25, 1943, effective October 1, 1943, and as amended effective November 1, 1947,
August 1, 1949, July 1, 1950, November 1, 1955, September 1, 1958, March 9, 1959,
and. November 7, 1964, which provides for participation of Public Agency in said.
System, Board and Public Agency hereby agree as follows:
A.
The following paragraphs shall be added to said Contract:
5(c)(12) Section 21380-7 (Providing for allowances for survivors of
Group A and of local safety members covered under the Program
upon death before retirement).
5(c)(13)
and
6(g)(3)
Section 21251.75 of the Government Code (providing for in-
creases in allowances payable for time commencing on the first
day of the calendar month coinciding with or next followinr7
the effective date of this amendment to Persons retired prior
to January 1, 1967).
B. Paragraphs 7 (a) and 7 (b) shall be stricken from said. Contract and the
following paragraphs substituted therefor.
7. Public Agency shall contribute to said. Retirement System as follows:
a. With respect to miscellaneous members, the city shall contribute
the following percentages of monthly salaries earned as miscel-
laneous members of said. System:
b.
(1) 7.219 percent on account of the liability for current
service benefits.
(2) $5.00 per month for each member covered under the pro-
visions of Section 21380-7 (1959 Survivors Program).
With respect to local safety members, the city shall contribute
the following percentages of monthly salaries earned as local
safety members of said. System:
(1) 12.328 percent on account of the liability for current
service benefits.
(2) 5.0C per month for each member covered under the provisions
of Section 21.380-7 (1959 Survivors Program).
Rec. Form 702-1
C. This amendment shall be attached to said Contract and shall become effec-
tive on the 19th day of October, 1968
BOARD OF ADMIINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
BY r i 1l_ am �a ,e, . u ivf er _ City
Attest:
CITY COUNCIL OF THE
CITY OF EL SEGUNDO
(SEAL)
Ret. Form 702 -2