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2.2 Benefits <br />2.2.1 Cxanoral Benefits <br />In addition, and except as oti.arwiso specified herein, City Manager shall receive <br />Oil such other benefits that are applicable to executive managers of the City as of the Effective <br />Date of this Agreement, including but not limited to medical insurance, dental insurance, long <br />term disability insurance, life insurance, si'ok leave, holidays, vacation, bereavement and family <br />illness leave, physical examinations, particlpation in retiromont system and participation in the <br />City's retiree medical program in the same matarat as other City executive managers as <br />described in Exhibit "A" attached hereto, <br />22.2 Initial Sick Leave Bank <br />Upon omployment with City, City Manager shall be provided with an Initial sick <br />leave bank containing 80 hours of usable sick leave, This initial sick leave bank of 80 hours <br />shall be for use by the City Manager under the applicable City policies and State and Federal <br />laws only, and shall not ba subject to any type of cash•out provision at termination as provided <br />under City policies pertaining to the regularly accumulated employee sick leave balances. <br />213 Initial Vacation Allowance <br />Upon employment with City, City Manager shall be awarded 80 hours of vacation <br />leave. City Manager shall accumulate additional regular and management vacation hours in the <br />same manna, as other City executive managers. <br />2.2.4 Longevity Vacation <br />City Manager shall accumulate Longevity Vacation at the maximum accrual rate <br />for an employee having completed 20 years of service with the City. <br />2.2,5 CalPERS Membership <br />As a "new employee" under CalPERS, City Manager will be enrolled in the 2% at <br />age 62 benefit formula and shall be responsible for paying the corresponding employee <br />contribution per Ca(PER3 requirements as they exist today or as may be amended by the <br />legislature, As of the effective date of this Agreement the applicable contribution rate is 6.75% <br />on the first $136,440,00 of brio salary. <br />2.2,6 Relocation Benefit <br />City Manager shall be provided reimbursement for the actual costs required to <br />relocate to California, Le., moving expenses, not to exceed the sum of $7,500.00. Said <br />reimbursement may include the costs of up to 2 visits to Orange County prior to moving to locate <br />suitable housing, <br />06310100 M8043.4 <br />