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POLICE OFFICERS ASSOCIATION
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Last modified
8/15/2017 2:33:03 PM
Creation date
8/15/2017 2:06:41 PM
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Contracts
Company Name
POLICE OFFICERS ASSOCIATION
Contract #
A-2017-163
Agency
PERSONNEL SERVICES
Council Approval Date
7/5/2017
Expiration Date
6/30/2018
Destruction Year
0
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13.4 CalPERS Pre -Retirement Optional Settlement 2 Death Benefit. The City shall provide the <br />CalPERS Fre-Retirement Optional Settlement 2 Death Benefit to all employees covered <br />by this MOU. <br />13.5 Military Service Credit as Public Service. Safety employees, and Miscellaneous <br />employees, respectively, may elect to purchase up to four (4) years of service credit for any <br />continuous active military or merchant marine service prior to employment. The employee <br />must contribute an amount equal to the contribution for current and prior service that the <br />employee and the employer would have made with respect to that period of service. The <br />City agrees that, as soon as practicable following Council approval of this MOU and <br />amendment to the CalPERS contract, employees who elect to purchase service credit may <br />do so on a "pre-tax" basis. <br />13.6 3% at 50 Service Retirement Benefit for Safety employees. The City contracts with <br />CalPERS to provide Safety employees who do not qualify as "New Members" under <br />PEPRA with the 3% at 50 Service Retirement benefit. <br />All Safety employees who do not qualify as "New Members" under PEPRA shall pay nine <br />percent (9%) of their salary to pay for the employer portion of the City's CalPERS <br />contribution. Effective January 1, 2018 all Safety employees who do not qualify as "New <br />Members" under PEPRA shall pay twelve percent (12%) of their reportable salary to pay for <br />the employer portion of the City's CalPERS contribution. This payment shall be paid in <br />accordance with Government Code Section 20516(f). <br />Pre -Taxable Benefit. To the extent permitted by CalPERS and Internal Revenue Service <br />regulations, the City shall make the above employee deductions pre-tax contributions. <br />13.7 2.7% Ccs 57 Service Retirement Benefit for "New Member" Safety employees. The City <br />a ees to provide Safety employees who are defined as "New Members" within the meaning <br />of the California Public Employees' Pension Reform Act (PEPRA) of 2013 with the 2.7% <br />@ 57 Service Retirement benefit. <br />PEPRA went into effect on January 1, 2013. The parties agree that if there is any other <br />clean up or other retirement legislation which goes into effect during this MOU and if there <br />are provisions of that legislation which, by law, automatically goes into effect, either party <br />may request to negotiate over the legislation, including over the impact. <br />Final compensation will be based on the highest annual average compensation earnable <br />during the 36 consecutive months immediately preceding the effective date of his or her <br />retirement, or some other 36 consecutive month period designated by the member. <br />Employees covered under the 2.7% @ 57 retirement formula shall pay one half of the <br />normal cost rate as established by CaIPERS. For the fiscal year 16-17, Ca1PERS established <br />that one half of the normal cost rate is 12.25%. The rate for fiscal year 17-18 is still to be <br />determined by CalPERS. <br />5t <br />
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