HomeMy WebLinkAboutMINUTES - 07291986 - 1.41 ' � r` - - •tom •
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THE BOAR® OF SUPERVISORS OF CONTRA COSTA COUNTYs CALIFORNIA
Adopted this Order bh July '29 , 1986 , by the following vote:
AYES: Supervisors Fanden,, ,14cPea'_•:, Schroder , Torlakson,"' Powers .
NOES: None
ABSENT!, None..
ABSTAIN: None: ;
SUBJECT:. .Approving Contribution--,Rates to .and )
Interest to Be Credited by the Contra )
Resolution 86/ 443
Costa' County Employees '- Retirement-
Association and
etirement_Associationand Authorizing Supplemental: .)
Payment to Retirees Under Calif. Govt. )
Code _Section 31681.'8 . )
The Contra Costa -County. .Board of . Supervisors RESOLVES -that:
Pursuarit to Government Code section 31,45.4 and on recommendation of the
-
Board' of the' .Contra . CoS'ta. County Employees '- -Retirement Association,
Contra Costa. County Board of Supervisors' Reso.lution .86/284 is amended
to-.s.ub•stitute the following provision in piace. of section IV:
IV.. Modifications
Rates are subject to modification due to Retirement,
' Board and/or Board of Supervisors resolutions. For. the
period. July 1, 1986 through June 30 , .1987 only, the
Retirement-"•Boar_d has agreed . to 'transfer $8,681, 000 from
its undistributed earnings account against contributions
due from employers and employees for the- cost of living
program. This reduces the amounts to be paid by/f_orl'active
members for that period only to:
Employer rateEmployee, rate
1-. 940 of earnable compensation - General Members Tier I ': 0 ; 64. of basic.
full rates
1. 95 0 'of. earnable compensation.,- General Members Tier II - 0 . 80% of basic
" f ul l rate`s ..
1. 94% of_'.earnab-re' 'compensati_on = Safety Members 0 . 2350 of basic
full rates
i hereby cerfiffy r7'hzt 1 n'ls Jo3 nkE a:Udr:mE.ecic35oyof '
r �• 1 brS sn s;i"S«, ( and'E4"AeF'e•1T ot't, �ho of`lhe
.. - . �E•��g. E.d F?: .a�":�tl..�.'Vf} 4,6�i�Y• a'.; �i�?l° �r.:,;:?'a'6� }... •
®`n sSE?31 i fDF^sS3f a C.Y:ft£3E;kYD.�k0 '€'^ t?r
BY. pepu2y
Orig. Dept.: . ..
"Cc: County Admiiiis.trator
Auditor--_Controller
Personnel RESOLUTIOII N0. 86/ 143
Retirement Board