Laserfiche WebLink
<br /> <br /> <br /> <br /> <br /> <br /> soon as practicable following approval of the Memorandum of <br /> Understanding by the City Council, miscellaneous employees covered by <br /> this Agreement agree to contribute an additional 11% toward the employer <br /> cost of the 2.7% at 55 retirement benefit, for a new total contribution of 7.3%. <br /> <br /> Pre-Taxable Benefit. To the extent permitted by CalPERS and Internal <br /> Revenue Service regulations, the City shall make the above employee <br /> deductions pre-tax contributions. <br /> <br /> 13.4 Credit for Unused Sick Leave. An employee covered by this Agreement shall <br /> be permitted to have unused accumulated sick leave at the time of <br /> retirement converted to additional service credit at the rate of 0.004 years of <br /> service credit for each eight-hour day of unused sick leave (i.e., 200 days of <br /> sick leave equals.80 additional year's of service credit). The City must report <br /> only those days of unused sick leave that were accrued by the employee <br /> during the normal course of employment. This section applies to members <br /> whose effective date of retirement is within four (4) months of separation from <br /> employment. <br /> <br /> 13.5 Military Service Credit as Public Service. An employee covered by this <br /> Agreement shall be permitted to purchase up to four (4) years of service <br /> credit for any continuous active military or merchant marine service prior to <br /> employment. The employee must contribute an amount equal to the <br /> contribution for current and prior service that the employee and the <br /> employer would have made with respect to that period of service. <br /> <br /> 13.6 Deferred Compensation. <br /> <br /> <br /> A. Background. Prior to July 1, 1991, the City authorized an amount equal <br /> to one percent (1.0%) of base pay for a deferred compensation <br /> benefit for full time "confidential" employees. This benefit was treated <br /> separately from salary, and was not included in the City's salary and <br /> wage schedule. Effective July 1, 1991, to comply with CalPERS wage <br /> reporting requirements, this benefit was added to the pay rate <br /> assigned to each "confidential" classification and reported as "salary" <br /> to CalPERS. Thereafter, pay levels for "confidential" classifications <br /> included this additional one percent (1%) deferred compensation <br /> benefit. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> CONFIDENTIAL ASSOCIATION OF SANTA ANA (CASA) MOU: 2010 - 2012 Page 49 <br /> 25E-51 <br />