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ARTICLE XII <br />12.0 DEFERRED COMPENSATION <br />12.1 Deferred Compensation Benefit. <br />A. Background. Prior to July 1, 1991, the City authorized an amount equal to <br />one percent (1.0 %) of pay for a deferred compensation benefit for full time <br />management employees. This benefit was treated as a 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 <br />requirements, this benefit was added to the pay rate assigned to each <br />classification and reported as "salary" to CalPERS. Thereafter, pay levels <br />for SAMA classifications included this additional one percent (1.0 %) <br />deferred compensation benefit. <br />B. Deferred Compensation Benefit. Each affected employee in a SAMA <br />classification may at his /her option defer said compensation by directing <br />the 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 />25M -42 <br />