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SANTA ANA POLICE MANAGEMENT ASSOCIATION (PMA) (2015-2017)
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SANTA ANA POLICE MANAGEMENT ASSOCIATION (PMA) (2015-2017)
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Last modified
9/1/2015 11:27:27 AM
Creation date
9/1/2015 11:23:09 AM
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Contracts
Company Name
SANTA ANA POLICE MANAGEMENT ASSOCIATION (PMA)
Contract #
A-2015-152
Agency
PERSONNEL SERVICES
Council Approval Date
8/4/2015
Expiration Date
6/30/2017
Destruction Year
2022
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ARTICLE XIV <br />14.0 RETIREMENT <br />14.1 General. The terms of the existing contract between the City and California Public <br />Employees' Retirement System (CalPERS) governing the City retirement benefits of <br />employees covered by this MOU are incorporated by reference herein. The City shall <br />continue to make contributions to CalPERS in accordance with its contract with CaIPERS for <br />employees covered by said contract as amended. <br />142 Deferred Retirement. The City will continue to make payment to CalPERS on behalf of each <br />affected employee, in an amount necessary to pay one hundred percent (100 %) of his or her <br />individual employee retirement contribution. Such payments shall be credited to the <br />individual employee's CalPERS account. <br />Such payments are not increases in base salary and no salary rate ranges applicable to any of <br />the employees covered by this MOU shall be changed or deemed to have been changed by <br />reason thereof. Asa result, the City will not treat these payments as ordinary income and, <br />thus will not withhold Federal or State income tax from said payments. The City has <br />received an opinion or ruling from the Internal Revenue Service confirming that these <br />payments are deferred compensation, and not ordinary income, <br />For the purpose ofreporting an employee's compensation to CalPERS, the City shalt include <br />these payments as if they were part of the employee's base salary, <br />In the event that the City receives a ruling fiom the Internal Revenue Service that such <br />payments are ordinary income of the employees instead of deferred compensation, the City's <br />obligation to make such payments shall discontinue and in place thereof the base salary of <br />each said employee shall forthwith be increased by eighteen (18) salary rate ranges <br />(approximately 9 %) for "safety mernber" employees covered wider the 3% at age 50 <br />CaIPERS formula and sixteen (16) salary rate ranges (approximately 8 %) for all <br />"miscellaneous mernber" employees covered under the 2.7% at age 55 CalPERS Formula. <br />14.3 1959 Survivor's Benefit. The City shall provide CaIPERS fourth level of 1959 Survivor's <br />Benefits to all eligible employees in the unit. <br />14.4 Pre - Retirement Optional Settlement 2 Death Benefit. The City shall provide the Pre - <br />Retirement Optional Settlement 2 Death Benefit to all employees covered by this MOU. <br />14.5 2.7% at 55 Service Retirement Benefit for Classic Miscellaneous Members. The Cityagrees <br />to continue to provide Classic Miscellaneous employees covered by this MOU who are <br />defined as Classic Members under the California Public Employees' Pension Reform Act <br />(PEPRA) of 2013 with the 2.7% at 55 Service Retirement benefit. <br />38 <br />
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