Laserfiche WebLink
In addition, Nunez shall further contribute to the costs of his retirement benefits in such <br /> amounts, if any, hereafter approved by the City and applied to City general management <br /> employees prior to the expiration date of this Agreement. The City does not participate in <br /> Social Security for employees enrolled in CaIPERS. Notwithstanding the foregoing, in the <br /> event CaIPERS determines Nunez to be a classic member, Nunez and the City shall each <br /> pay the normal contribution in accordance with City policy. Nunez shall complete <br /> CaIPERS's "Reciprocal Self-Certification Form" and submit the form to the City within 10 <br /> business days after employment has commenced. <br /> c. Medical and Other Insurance. <br /> i. Medical. <br /> (a) City Contribution. The City shall provide health <br /> (medical, dental and vision) insurance benefits to Nunez. The City shall pay one hundred <br /> percent (100%) of the premium coverage for Nunez, and ninety percent (90%) of the <br /> premium coverage for all dependent care. Nunez shall be responsible for the remaining <br /> dependent care premium coverage, as well as all co-pays, charges, out-of-pocket <br /> expenses, and other costs required by the insurance provider or for any such co-pays, <br /> charges, out-of-pocket expenses, and other costs not covered by insurance. <br /> (b) In-Lieu Benefit. In lieu of selecting to use the <br /> City-provided above-referenced health benefit coverage, Nunez may elect a cash as <br /> commensurate with the standard unrepresented Executive Management Group <br /> employee health benefits. <br /> ii. Life Insurance and Lonq Term Disability. City shall <br /> provide Nunez with a term life insurance policy in the amount of five hundred thousand <br /> dollars ($500,000) and Nunez shall name the beneficiary of the policy. City shall further <br /> pay the premium for long-term disability insurance, as provided to unrepresented <br /> Executive Management Group. <br /> iii. Deferred Compensation (457 Plan). City agrees to <br /> provide Nunez an annual deferred compensation pursuant to section 457 of the Internal <br /> Revenue Code in an amount equal to the maximum contribution allowed by law, including <br /> the normal contribution and the catch-up contribution for individuals aged 50 or over. <br /> 55394.00000\42495009.1 <br />