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<br />13.3 <br /> <br />member" and fourteen (14) salary rate ranges (7.0%) <br />for all "miscellaneous-member" employees covered by <br />this Agreement. <br /> <br />For the purpose of reporting an employee's compensation <br />to CalPERS, the City shall include these payments as if <br />they were a part of the employee's base salary. <br /> <br />C. If the City's actuarial valuation from CalPERS <br />indicates an employer contribution rate of 0%, <br />then the City will provide, as soon as <br />practicable, CalPERS fourth level of 1959 <br />Survivors Benefit to all eligible employees in the <br />unit. If, however, this CalPERS valuation <br />indicates an employer contribution rate of more <br />than 0%, the City and Association agree to reopen <br />this Article of the MOU for further discussion. <br /> <br />D. Effective June 5, 2000, the City will provide the <br />CalPERS Pre-Retirement Optional Settlement 2 Death <br />Benefit to all eligible employees in the unit. <br /> <br />3% at 50 Service Retirement Benefit for Safety Members. <br />The City agrees to amend its contract with CalPERS to <br />provide Safety employees represented by this bargaining <br />unit with the new 3% at 50 Service Retirement benefit <br />effective July 1, 2001. <br /> <br />Payment of New 3% at 50 Service Retirement Benefit. The <br />actual cost for the benefit shall be determined upon <br />receipt of the annual actuarial valuation setting forth <br />employer rates for the 2001-02 fiscal year and every <br />subsequent year thereafter. In order to provide this <br />benefit to its current safety members, the City and <br />Association agree that eligible employees will pay 50% of <br />the total additional normal cost to provide this benefit, <br />not to exceed 1.42% of safety payroll at such time as the <br />City of Santa Ana incurs such cost. <br /> <br />Yearlv Actuarial Valuation Fluctuations. CalPERS <br />provides the City with a yearly actuarial valuation <br />informing it of its new employer contribution rate to be <br />in effect July 1st of each year. The City and Association <br />agree that current excess assets have reduced the City's <br />current employer contribution rate for its Safety Plans <br />to 0% and that the City's employer contribution rate will <br />fluctuate from year to year based on the investment <br />returns earned by the retirement system. The City agrees <br /> <br />53 <br />