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ORDINANCE NO. 1158 <br />AN ORDINANCE AMENDING THE TOWN CODE <br />OF THE TOWN OF LOS GATOS, RELATING <br />TO INCREASING TOWN CONTRIBUTIONS TO <br />THE TOWN RETIREMENT PLAN. <br />THE TOWN COUNCIL OF THE TOWN OF LOS GATOS DOES ORDAIN AS FOLLOWS: <br />SECTION 1. <br />Section 20 -7 of the Los Gatos Town Code is amended to read as follows: <br />SEC. 20 -7. TOWN CONTRIBUTIONS. <br />The Town shall make due and timely payments to provide <br />for the continuation of this plan under the provisions of <br />Section 45343 of the Government Code. The Town shall <br />contribute monthly an amount equal to eight and eleven <br />one- hundreths per cent (0.0811) of a member employee's <br />compensation before any deductions, as the same may become <br />payable. Such contribution by the Town shall continue only <br />so long and coinciding with the period of time in which the <br />employee contributes as a member. No contribution by the <br />Town shall be made for nonmembers or noncontributing members, <br />including employees on leave of absence and leave of absence <br />for military service. The costs of administering the <br />retirement plan and trust, including the costs of acquiring <br />and disposing of trust property, shall be paid by the Town. <br />Contributions by the Town which have not vested in full in <br />a member upon the termination of such member from employment <br />