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A. Management Vacation Leave. <br />Executive Management (EM) employees listed in this Resolution Exhibit meet the <br />definition of "exempt" under Section 13(a)(1) of the Fair Labor Standards Act (FLSA). <br />1. Executive Management (EM) employees will be granted one hundred <br />(100) hours of management vacation per calendar year in addition to regular vacation <br />accrual provisions applicable to represented employees of the City. <br />2. The City Manager is authorized to grant, at his or her discretion, additional <br />management vacation leave hours per calendar year. <br />B. Vacation and Sick Leave Credits for New Hires. The City Manager is authorized <br />to grant a newly appointed Executive Management (EM) employee vacation and sick <br />leave credits up to an amount equal to any earned but unused vacation or sick leave <br />credits available to such appointee at the time of his or her separation from his or her <br />most recent previous employer. <br />C. Vacation Leave Rate of Accrual. The City Manager is authorized to provide <br />longevity credits towards the rate of vacation hours' accrual for a newly appointed <br />Executive Management (EM) employee. The longevity credit can only be used for the <br />purpose of rate of vacation accrual. <br />D. Paid or unpaid Administrative Leave Policy. The City Manager is authorized to <br />grant, at his or her discretion, a paid or unpaid leave of absence for Executive <br />Management (EM) employees. <br />Section 6. Retirement Plan Contributions. <br />A. The terms of the existing contract between the City and California Public <br />Employees' Retirement System (CaIPERS) governing the City retirement benefits of <br />Executive Management (EM) employees covered by this Resolution are incorporated by <br />reference herein. The City will make contributions to CaIPERS in accordance with its <br />contract with CaIPERS for employees covered by said contract as amended. <br />B. The California Public Employees' Pension Reform Act (PEPRA) went into effect <br />on January 1, 2013. Based on consideration of various eligibility factors, PEPRA defines <br />each employee as either a "classic" or "new" member of CaIPERS. <br />C. 2.7% at 55 Service Retirement Benefit for Classic Miscellaneous Members. The <br />City agrees to provide Executive Management (EM) employees covered by this <br />Resolution, and who are defined as Classic Miscellaneous Members under the <br />California Public Employees' Pension Reform Act (PEPRA) of 2013 (AB340), with the <br />2.7% at 55 Service Retirement benefit. <br />D. Payment of 2.7% at 55 Service Retirement Benefit. Classic Miscellaneous <br />Executive Management (EM) employees covered by this Resolution will contribute eight <br />percent (8%) of CaIPERS reportable compensation toward the employer cost of the <br />2.7% at 55 enhanced retirement formula. This payment will be implemented as cost- <br />y - v� <br />