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BIT J ORDINAN E # A&DMENT TO CONTRACT BETWEEN THE ORDINANCE #230 BOARD OF ADMINISTRATION PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE TOWN COUNCIL OF THE TOWN OF LOS ALTOS HILLS The Hoard of Administration, Public Employees' Retirement System, hereinafter referred to as Board and the TOWN COUNCIL of the TOWN OF LOS ALTOS HILLS, herein- after referred to as Public Agency, having entered into a contract under date of June 16, 1967, effective July 1, 1967, and as provided by Chapter 170, Statutes of 1971, which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 11 are hereby stricken from said contract as executed effective July 1, 1967, and are hereby replaced by the following para- graphs numbered 1 through 9 inclusive: 1. All words and terms used herein which are defined in the Public Employees' Retirement Law shall have the meaning as defined therein unless otherwise specifically provided. "Normal retirement age" shall mean age 60 for miscellaneous members. 2. Public Agency -hall 1participation in the Public Employees' Retirement System from and after July 1, 1967, making its employees as herein- after provided, members of said System subject to all provisions of the Public Employees' Retirement Law except such as apply only on election of a contracting agency and are not provided for herein and to all amendments to said Law hereafter enacted except such as by express provision thereof apply only on the election of contract- ing agencies. 3. Employees of Public Agency in the following classes and groups shall become members of said Retirement System except such in each such class and group as are excluded by law or this agreement: a. Employees other than local safety members (herein referred to as miscellaneous members). In addition to the classes excluded from membership by said Retire- ment Law, the following employees shall not become members of the Retirement System: - LOCAL FIREMEN AND POLICEMEN. PERSONS COMPENSATED ON AN HOURLY BASIS. ELECTIVE OFFICIALS. 4. The fraction of final compensation to be provided for miscellaneous members for each year of credited prior and current service shall be that provided in Section 21251.13 with all service prior to the termination of Social Security coverage subject to the reduction provided by said section. Ret. Form 702-1