Title
ADOPT: Resolution Approving Conditions of Employer Paid Member Contributions for San Leandro Police Management Unit (SLPMU) Members (specifies the conditions of EPMC as required by the California Public Employee's Retirement System [CalPERS])
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WHEREAS, the City Council of the City of San Leandro has elected to pay all or a part of the normal member contributions to the California Public Employees' Retirement System (CalPERS) pursuant to California Government Code Section 20691 - Employer Paid Member Contributions (EPMC); and
WHEREAS, the City Council of the City of San Leandro approved a Memorandum of Understanding with the San Leandro Police Management Unit (SLPMU) for the period January 1, 2013 through June 30, 2015, which identifies the following conditions for member contributions to be paid by the employer:
· Effective July 1, 2013, employees shall commence paying 3% of the employee contribution and the City shall contribute 6%.
· Effective July 1, 2014, employees shall commence paying 6% of the employee contribution and the City shall contribute 3%.
· Effective June 1, 2015, employees shall commence paying 9% of the employee contribution and the City shall contribute 0%.
· Pursuant to the Public Employees' Pension Reform Act of 2013, employees hired after January 1, 2013 depending on previous California public agency employment are subject to specific pension formulas and employee contributions.
NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE that the conditions of Employer Paid Member Contributions for sworn employees of the San Leandro Police Management Unit are and shall be as set forth above.