HomeMy WebLinkAboutRESOLUTIONS - 06241986 - 86-378 IN THE BOARD OF SUPERVISORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
In the Matter of Safety )
Member Contribution Rates ) RESOLUTION NO. 86/ 378
WHEREAS on May 20, 1986, the Board of Supervisors adopted
Resolution No. 86/284 fixing contribution rates to the Contra
Costa County Employees Retirement System for the period beginning
July 1, 1986; and
WHEREAS the actuary has advised that an inadvertent error
occurred in the listing of rates for Safety Members; and
WHEREAS the Retirement Administrator has furnished a revised
schedule of Safety Member contribution rates as compiled by the
system' s actuary, Coates, Herfurth and England, Inc. ;
NOW, THEREFORE, BE IT RESOLVED that the rates for Safety Members
for the period beginning July 1, 1986 are APPROVED as shown on
the attachment, rather than as originally shown by Resolution
No. 86/284.
PASSED AND ADOPTED on June 24, 1986 , by unanimous vote of the
Board Members present.
(hereby certify that this Is a trueand correct copy of
an action,taken and entered on the minutes of the
Boaro of Supervisors on the date shown.
ATTESTED: 14 SC
PHIL PW FELOF3 Cleric of the Board
of Super isors and County Administrator
By Deputy
CC : County Admir_istrator
Auditor-Controller
Retirement
Personnel
RESOLUTION NO . 86. 1378
1-089
`.r
COUNTY OF CONTRA COSTA SECTION IV NO
Safety Members' Contribution Rates*
i.
Section 31664
Entry Age Basic C.O.L.
21 do Under 7.64% .05%
22 7.66 .05
23 .7.69 .05
24 7.73 .05
25 7.77 .05
i'
26 7.83 .05
27 7.89 .05
28 7.95 .05
29 8.03 .05
30 8.10 .05
i' ,
31 8.19 .05
32 8.27 .05
33 8.36 .05
34 8.45 .05
35 do Over 8.55 .05
h
*As a percentage of salary (full contribution rates). Based on 8-1/2% interest and 6-3/4%
salary scale assumptions.
**The`C.O.L. rates equal .64% of basic full contribution rates.
NOTE: The C.O.L. contributions have been reduced for transfers from the Contingency
Reserve of $2,930,000.
I' June 18, 1986
Coates. Nerlurth 8 England. Inc..Actuaries and Consultants