Contracts & Agreements_207-2022 - Laserfiche WebLink

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(a) Holiday Leave. Employee shall be granted the following twelve (12) holidays: New Year's Day, Martin Luther King Day, President's Day, Memorial Day, Independence Day, Labor Day, Columbus Day, Veteran's Day, Thanksgiving Day, Day after Thanksgiving Day, Christmas Eve and Christmas Day (twelve 8-hour days). 6.3 Health and Welfare Benefits. Employee shall be entitled to certain rights and privileges no less than all other benefits that are generally accorded to City Department Directors regarding health, welfare and benefits, as provided in the City Department Directors' Memorandum of Understanding, and no less than as set forth in Exhibit "A" to this Agreement. 6.4 Retirement. Employee is believed to be a New Member/PEPRA, as defined by Ca1PERS and as mandated by the Public Employees' Pension Reform Act of 2013. Employee will be classified in the City's Tier II pension plan. Accordingly, Employee shall be entitled to participate in the City's Ca1PERS Retirement Program with the 2% at 62 formula. 6.5 Automobile. Employee shall receive Five Hundred Dollars ($500.00) per month as vehicle allowance to reimburse Employee for use of a personal vehicle in pursuit of recognized official duties. The allowance will be paid in the regular payroll process with Salary beginning with the first payroll paid subsequent to the Employee's commencement date consistent with the payment method of allowances provided to other employees of the City. The allowance is subject to normal and proper withholdings as determined by state and federal law and shall be subject to payroll taxes and other payroll -related liability costs in the same manner as other employees of the City. Employee shall be responsible for any personal income tax that may result from that reimbursement. 6.6 Deferred Compensation. Employee is eligible to participate in the City's 457(b) and 401(a) deferred compensation programs. Commencing January 2023, on or before the second payroll check date of each calendar year the City will contribute the maximum amount allowed under the law (including catchup provisions for employees 50 years or older) for that year to Employee's 457(b) deferred compensation plan. Additionally, commencing January 2023, on or before the second payroll check date of each calendar year the City will also contribute the maximum amount allowed under the Public Employees' Pension Reform Act for that year to Employee's 401(a) deferred compensation plan in an amount equal to the result of the following formula: the difference between the Base Salary and the applicable pensionable compensation limit, pursuant to Government Code section 7522.10, but in no event higher than the Code 401(a)(17) limit, multiplied by the applicable employer normal cost rate for the City's miscellaneous plan as determined by Ca1PERS and set forth in the annual actuarial valuation reports issued by CalPERS. This amount shall not be reported to Ca1PERS as pensionable compensation and shall not be subject to any withholdings or taxes in accordance with Sections 3121(a)(5)(A) and 3401(a)(12)(A) of the Internal Revenue Code. If at anytime the City ceases to participate in either a 457(b) or 401(a) plan, or is otherwise unable to make the contribution, Employee's salary will be adjusted to include the balance of the unmade contribution. 6.7 Bonding. The City shall bear the full cost of any fidelity or other bonds required 7 L:\ea\AgreementsTmploymcnt Agreements\City Mauager\Charlos M. Duggan JAv.3.final.City Managcr Employment Agreemont Septombor 2022.doex.jn