25C - AGMT - MOU SEIU PT NON CIVIL SRV

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requirements of the Omnibus Budget Reconciliation Act of 1990. This plan is a qualified Section 457 Deferred Compensation Plan. The disbursement fi-om the plan shall be consistent with the law and the policies and procedures established by the City. A. The City and the Union further agree that all such employees shall be required to contribute 3.75% of their wages into the City- adopted qualified retirement plans, such as Section 457 Deferred Compensation Plan. B. The City agrees to contribute 3.75/0 of all such employees' wages into the employees' retirement plan. C. If, at any time in the future, the Internal Revenue Service rules that the adopted retirement plan does not meet Federal requirements as a qualified alternative retirement system to Social Security coverage, the City shall discontinue its contributions into said plan for affected employees and shall not assume responsibility for the payment of any back taxes due for Social Security coverage or for payments to any other qualified retirement plan for affected employees except for those payments mandated by law to be paid for by an employer. D. In consideration of the inclusion in CaIPERS of all Part Time employees working in excess of 999 hours in any fiscal year, the Union and the City agree that: With respect to Miscellaneous employees covered by this MOU who do not qualify as "New Members" under the California Public Employees' Pension Reform. Act of 2013 (PEPRA), shall be enrolled in the 2.7% r% 55 benefit formula and shall pay the 8% member contribution. New CaIPERS members (as defined under the California Public Employees' Pension Reform Act (PEPRA) of 2013) will be enrolled in the 2% © 62 benefit formula paying one half of the normal cost rate, as established by CalPERS. For FY 15/16, one half the normal cost rate is 6.75 %, E. The City at no time shall be required to pay contributions to two separate retirement systems, 4.7 Overtime. Any work in excess of forty (40) hours in a workweek shall entitle the employee to overtime compensation, at a rate equal to one and one -half (I '/) times the employee's regular hourly rate of pay. A. Employees who work overnight trips and remain available for duty for any 24 hour period shall be paid for 16 hours each 24 hour period. B. Any partial day worked shall be paid based on actual hours worked on that day. 4.8 Holidays. Employees who are required to work on an official City holiday will be compensated at time and one -half (1.5x) for all hours worked. In those years when an employee works on July 4"' but the City observes the holiday on July 3 "', that employee 25C -11