Laserfiche WebLink
Section 6. Leave Accruals and Cash-Out Provisions. <br /> Unless otherwise provided, the same leave accrual, maximum accrual, and cash-out <br /> provisions provided to the members of the SAMA unit, will also be offered to the <br /> classifications listed in this resolution exhibit including but not limited to; sick, paid <br /> holidays, floating holidays , holiday closures , vacation , " must- <br /> use" vacation, management vacation, bereavement leave, military leave, jury duty, <br /> witness leave, catastrophic, and industrial/workers compensation leave. <br /> Section 7. 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 /> Unrepresented Confidential Management employees covered by this Resolution are <br /> incorporated by reference herein. The City will make contributions to CaIPERS in <br /> accordance with its contract with CaIPERS for employees covered by said contract as <br /> 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 CMM and CAM employees covered by this Resolution, and who <br /> are defined as Classic Miscellaneous Members under the California Public Employees' <br /> Pension Reform Act (PEPRA) of 2013 (AB340), with the 2.7% at 55 Service Retirement <br /> benefit. <br /> D. Payment of 2.7% at 55 Service Retirement Benefit. Classic Miscellaneous CMM <br /> and CAM employees covered by this Resolution will contribute eight percent (8%) of <br /> CaIPERS reportable compensation toward the employer cost of the 2.7% at 55 <br /> enhanced retirement formula. This payment will be implemented as cost-sharing <br /> pursuant to Government Code Section 20516(f). <br /> 1. Pre-Taxable Benefit. To the extent permitted by CaIPERS and <br /> Internal Revenue Service regulations, this eight percent (8%) employee contribution will <br /> be implemented through payroll deductions on a pre-tax basis. <br /> E. 2.0% at 62 Service Retirement Benefit for New Miscellaneous Members. The <br /> City agrees to provide CMM and CAM employees covered by this Resolution who were <br /> appointed to their classification on or after January 1, 2013, and who are defined as <br /> new members under the California Public Employees' Pension Reform Act (PEPRA) of <br /> 2013 (AB340), with the 2.0% at 62 Service Retirement benefit. <br /> F. Payment of 2.0% at 62 Service Retirement Benefit. CMM and CAM employees <br /> defined in 7.E. (above) will contribute at least 50% of normal cost of the 2.0% at 62 <br /> retirement benefit. <br />