O-007-12 CalPERS Amendment - Laserfiche WebLink

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8. The percentage of final compensation to be provided for each year of credited current service as a local miscellaneous member entering membership for the first time in the miscellaneous classification after the effective. date of this amendment to contract shall be determined in accordance with Section 29354.4 of said Retirement Law (2.5% at age 55 Full). 9, The percentage of final compensation to be provided for each year of credited prior and current service as a local safety member entering membership in the safety classification on or prior to October 15, 2011 shall be determined in accordance with Section 21362.2 of said Retirement Law (3% at age 50 Full). 10. The percentage of final compensation to be provided for each year of credited current service as a local safety member entering membership for the first time in the safety classification after October 15, 2011 shall be determined in accordance with Section 21363.1 of said Retirement Law (3% at age 55 Full). 11. Public Agency elected and elects to be subject to the following optional provisions: a. Section 20042 (One -Year Final Compensation). b. Section 21024 (Military Service Credit as Public service). c. Section 20614, Statutes of 1978, (Reduction of Normal Member Contribution Rate). From July 7, 1979 and until September 24, 1993, the normal local miscellaneous member contribution rate shall be 3.5% and the normal local fire member contribution rate shall be.4.5%. From July 7, 1979 until July 17, 1983, the normal local police member contribution rate shall be 4.5%. Legislation repeated said Section effective September 29, 1980. d. Section 20690, Statutes of 1980, (To Prospectively Revoke Section 20614, Statutes of 1978). e. Sections 21624, 21626 and 21628 (Post -Retirement Survivor Allowance) for local safety members only. f. Section 21574 (Fourth Level of 1959 Survivor Benefits). 9. Section 20903 (Two Years Additional Service Credit).