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INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION (ICMA-RC) (CITY MANAGER)
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INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION (ICMA-RC) (CITY MANAGER)
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Last modified
7/25/2019 1:49:21 PM
Creation date
7/25/2019 1:39:21 PM
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Contracts
Company Name
INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION (ICMA-RC) (CITY MANAGER)
Contract #
A-2015-023-02
Agency
Human Resources
Expiration Date
11/27/2016
Insurance Exp Date
1/1/1900
Destruction Year
2021
Notes
A-2011-258; 01, 02, A-2015-022, 023; A-2015-023-01
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C. Participma Eligibility Requirements <br />I. Minimum service: The minimum period of service required for participation is N,jj (write N/A If no minimum <br />service is required). ��111�,66 <br />2. Minlmm aage: The minim _ um age required for eligibilicy to participate is aa (write N/A if no minimmn age is <br />reyuieed). <br />VI. Contribution Sources and Amounts <br />A. Def dtion of Earnings <br />The defnition ofEarnings will apply to all RHS Contribution Features that reference "Earnings including Direct <br />Employer Contributions (Section VI73.1.) and Mandatory Employee Compensation Contributions (Section VLB.2.). <br />Definition oFearnings:AS defined b�LClt�LMana_ger___ <br />EfnploYment Agreement <br />A. Direct Employer Contributions and Mandatory Contributions <br />1, Direct Employer Contributions <br />The Employer shall contribute on behalf of each Participant <br />❑ %ofEamings* <br />❑ $ _ each Plan Year <br />❑ A discretionary amount to be determined each Plan Year <br />❑ Other (describe): <br />2. Mandmory, Employee Compensation Contributions <br />The Employer will make mandatory contributions of Employee compensation as follows; <br />Q Reduction in Salary - 1.25 % of Earnings or $—_—will be contributed for the Plan Year. <br />❑ Decreased Writer Pay Plan Adjustment -All or a portion of the Employees' annual merit <br />or pay plan adjustment will be contributed as follows: <br />An Employee shall nnr have the right to discontinue or vary the rate of Mandamry Contributions of Employee <br />Compensation. <br />3. Mandatory Employee Leave Contributions <br />The Employer will make mandatory contributions of accrued leave as follows (provide formula for determining <br />Mandatory Employee Leave contributions): <br />pp AccruedSick 100% Qf S't kC JELaKe CaSfj w _ <br />❑ Accrued Vacation Leave <br />p Other (specify type of lease) Accrued Min Leave <br />Unused,Longe_vijV nd Reggular Vacatiop <br />Must Use time contributed cannot enen <br />An Employee shalt not_have the right to discontinue or vary the rate of mandatory leave contributions. <br />'.(Von-ca(lecteaely baryainedplaur dent reimburse "welical expenses otho- then itd+arr'vtce pren+ittnrufmrzld cottsns their benefits evitwed <br />regarding ue fkre pl,in nondherindn.ation rides i(tbe employer elver to inake eontribntions 6ntzd ire ra perrcntaga ufznrrrGtgs. <br />
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