Contracts & Agreements_194-2017 - Laserfiche WebLink

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C All unit members hired on or after City Council adoption of the 2012-2015 MOU, but prior to January 1,2013, shall pay the 100% of"compensation" as defined in the Government Code, as and for the required member normal contribution to CalPERS These contributions shall, at the time of termination, belong to the employee D Only as to unit members hired prior to January 1, 2013, the City shall provide the following provisions in its contract with the PERS retirement system 1 3% @ 50 Retirement Formula 2 Survivor Continuance 3 Highest Single Year E AB 340 1 AB 340 (signed by the Governor on 09/07/12,) shall in its entirety be given full force and effect as it may from time to time exist,during and after the term of the 2012-15 MOU,as described below Any provision in the 2012-15 MOU which contradicts any provision of AB 340, shall be deemed null and void, with the contrary AB 340 provision(s) being given full force and effect Therefore, no provision of AB 340 shall be deemed to impair any provision of the 2012-15 MOU or any MOU, Agreement, Rule or Regulation predating the 2012-15 MOU 2 Unit employees newly employed by the City on and after January 1, 2013, shall individually pay an initial Member CALPERS contribution rate of 50% of the normal cost rate for the Defined Benefit Plan in which said newly hired employee is enrolled, rounded to the nearest quarter of 1%, or the current contribution rate of similarly situated employees, whichever is greater (AB 340—Government Code section 7522 30) 3 Unit members employed by the City prior to both January 1, 2013 and the date of City Council adoption of the 2012-15 MOU, shall individually pay the Government Code section 20578 CALPERS Local Safety Member Contribution as follows a Concurrent with City Council adoption of the 2012 15 MOU, 4 5% of "compensation' as defined in the Government Code, b July 1, 2013, 9%of"compensation" as defined in the Government Code, c As regards the funding described in (a) and (b) directly above, the City shall report to CALPERS as compensation, only the percent of the Member contribution funded by the City Thus,the reporting shall be in the amount of 4 5% concurrent with City Council adoption of the 2012-15 MOU and 0% effective July 1, 2013 and after d Unit members who are new City employees on and after January 1, 2013, shall be enrolled in the AB 340 provided for SAFETY OPTION PLAN TWO (2 7%at 57)(Government Code section 7522 25(e),with final pensionable compensation (as defined for new members in Government Code § 7522 34) being determined by reference to the highest average annual pensionable compensation earned during a period of 35 consecutive months (Government Code§7522.32(a) ) F To the extent permitted by law, retirement contributions herein made by the employees shall be made on a pre-tax basis Article 7. MEDICAL IN,' tII ANCE As to employees hired prior to City Council adoption of the 2012-2015 MOU, the provisions of A, B, and C shall be effective commencing January 1, 2013 A The City shall contribute up to the 2013 family rate of the PERS Choice plan for "Other Southern California Region" for medical insurance premiums for employees in the unit and their eligible dependents under the Public Employees Retirement System (PERS) according to their dependent election B. The City and the employee shall each fund future premium increases at the employee and each dependent level in a 50/50 proportion C. Unit employees opting out of City medical coverage shall receive $350 per month upon written proof of additional coverage D. Only as to employees hired on and after City Council adoption of the 2012 2015 MOU,the City shall contribute to employee and eligible dependents the following City of Redlands&Redlands Association of Fire Management Employees MOU-2017-2018 page 4