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ORDINANCE NO. 1321 <br />URGENCY ORDINANCE AMENDING THE TOWN <br />CODE OF THE TOWN OF LOS GATOS, <br />INCREASING TOWN CONTRIBUTIONS TO THE <br />TOWN RETIREMENT PLAN <br />THE TOWN COUNCIL OF THE TOWN OF LOS GATOS DOES ORDAIN <br />AS FOLLOWS® <br />SECTION 1. <br />Section 20­7 of the Los Gatos Town Code is amended to <br />read as follows: <br />SE C. 2 -7. TOW CON <br />The Town shall make due and timely payments to <br />provide for the continuation of this plan under the <br />provisions of Section 45343 of the Government Code. <br />The Town shall contribute monthly an amount equal to <br />eleven and three one hundredths per cent (0.1103) of <br />a member employee's compensation before any deductions, <br />as the same may become payable. Such contribution by <br />the Town shall continue only so long and coinciding with <br />the period of time in which the employee contributes <br />as a member. No contribution by the Town shall be made <br />for nonmembers or noncontributing members, including <br />employees on leave of absence and leave of absence for <br />military service. The costs of administering the <br />retirement plan and trust, including - the costs of <br />acquiring and disposing of trust property, shall be <br />paid by the Town. Contributions by the Town which have <br />not vested in full in a member upon the termination of <br />