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GREAT WEST LIFE-401 (A) PLAN
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GREAT WEST LIFE-401 (A) PLAN
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Last modified
4/1/2015 8:52:51 AM
Creation date
3/31/2015 11:11:42 AM
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Contracts
Company Name
GREAT WEST LIFE-401 (A) PLAN
Contract #
A-2015-041
Agency
FINANCE & MANAGEMENT SERVICES
Council Approval Date
1/20/2015
Expiration Date
9/2/2016
Insurance Exp Date
1/1/1900
Destruction Year
2021
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B. Vacation Time Off. Executive Management (EM) employees will be granted <br />regular and longevity paid vacation leave on the same basis as provided to represented <br />employees of the City, with the exception that such affected employees will be granted: <br />1. Regular vacation with pay at the annual rate of fifteen (15) working days <br />for each of his or her first and second completed year of service. <br />2. An additional five (5) working days per year over the regular and longevity <br />vacation accruals applicable to represented employees of the City. Affected Executive <br />Management (EM) employees must take at least five (5) consecutive days of vacation <br />leave each year. <br />C. Longevity Vacation Credits for Newly -Hired Executive Management (EM) <br />Employees. The City Manager is authorized to grant to a person newly hired by the City <br />to a position designated as Executive Management (EM), longevity vacation credits in <br />the form of years of service to the City up to a maximum of 20 years. The credits will be <br />counted as completed years of service with the City for the purpose of calculating <br />longevity vacation accrual only. The longevity vacation credits will be added to the <br />years of service actually completed with the City of Santa Ana by the employee to <br />establish total years of service for the purpose of calculating longevity vacation. <br />D. Longevity and Vacation Pay Option. Once per fiscal year, Executive <br />Management (EM) employees will be given the option to receive cash compensation, <br />computed on a straight time basis, in lieu of up to five (5) working days of earned, <br />unused vacation benefits set forth in Section B. <br />E. Sick Leave Credits for New Hires. The City Manager is authorized to grant a <br />newly appointed Executive Management (EM) employee sick leave credits up to an <br />amount equal to any earned but unused sick leave credits available to such appointee <br />at the time of his or her separation from his or her most recent previous employer. <br />F. Payment for Unused Sick Leave. Executive Management (EM) employees will <br />be granted payment for unused sick leave on the same basis as provided to Santa Ana <br />Management Association (SAMA) represented employees of the City. <br />G. Paid or unpaid Administrative Leave Policy. The City Manager is authorized to <br />grant, at his or her discretion, paid or unpaid leave for Executive Management (EM) <br />employees. <br />Section 6. 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 />Executive Management (EM) employees covered by this Resolution are incorporated by <br />reference herein. The City will make contributions to CaIPERS in accordance with its <br />contract with CaIPERS for employees covered by said contract as amended. <br />Resolution No. 2015 -001 <br />Page 7 of 16 <br />
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