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<br />ARTICLE 12 <br />12.0 DEFERRED COMPENSATION <br />12.1 Deferred Comoensation Benefit. <br />A. Backaround. Prior to July 1, 1991, the City authorized an amount equal to <br />one percent (1.0%) of base pay for a deferred compensation benefit for full <br />time management employees. This benefit was treated separately from <br />salary, and was not included in the City's salary and wage schedule. <br />Effective July 1, 1991, to comply with CalPERS wage reporting requirements, <br />this benefit was added to the pay rate assigned to each classification and <br />reported as "salary" to CaIPERS. Thereafter, pay levels for SAMA <br />classifications included this additional one percent (1.0%) deferred <br />compensation benefit. <br />B. Deferred Comoensation Benefit. Each affected employee in a SAMA <br />classification may at his/her option defer said compensation by directing the <br />City to deposit this amount (one percent of base pay) in their individual <br />deferred compensation account. Such contribution shall continue to be <br />subject to the general terms and conditions of the City's qualified Deferred <br />Compensation Plan. <br /> <br />-58- <br />