SERVICE EMPLOYEES INTERNATIONAL UNION LOCAL 721 (SEIU) (2)

Home Browse Search

Such payments are not increases in base salary and no salary rate range applicable to any employee shall be changed or deemed to have been changed by reason thereof. As a result,the City will not treat these payments as ordinary income and, thus will not withhold Federal or State income tax from said payments as permitted by IRS Code section 414(h)(2). 2. "New"Members As required by PEPRA, the City shall participate in equal cost sharing by paying fifty percent(50%) of the normal cost, as established by CaIPERS in its annual valuation report. B. Employee Contributions 1. "Classic" Members The employee contribution rate shall be eight percent(8.0%) of compensation earnable. All employee contributions are paid towards the employer portion of the City's CalPERS contribution.This payment shall be paid in accordance with Government Code §20516(f) as cost sharing. 2. "New"Members As required by PEPRA, the employee contribution rate shall be fifty percent (50%) of the normal cost, as rounded to the nearest quarter of a percent by CaIPERS in its annual valuation. C. Pre-Taxable Benefit To the extent permitted by CaIPERS and IRS regulations, the City shall make any employee contributions as a pre-tax deduction. 12.3 CaIPERS Benefit Options The City contracts with CaIPERS to provide the following additional optional benefits: A. Credit for Unused Sick Leave Government Code 20965 Effective the date of City Council adoption of this 2022-2025 MOU,the maximum total unused sick leave that can be converted shall be ten(10)eight(8)hour working days equal to eighty(80)hours. Employees hired on or after a contract amendment between the City and CaIPERS shall not be eligible to convert unused sick leave to CalPERS for service credit. The City must report only those days of unused sick leave that were accrued by the employee during the normal course of employment. This section applies to 2025 MOU City of Santa Ana&SEIU Full-Time Employees Unit Page 64