Title
RESOLUTION for Paying and Reporting the Value of Employer Paid Member Contributions for Non-Represented Executive Management Group
Body
WHEREAS, the City Council of the City of San Leandro has elected to pay all or part of the normal member contributions to the California Public Employees' Retirement System (CalPERS) pursuant to Section 20691 and applicable employment agreements;
WHEREAS, the City Council of the City of San Leandro has a written labor policy or agreement which specifically provides for the normal member contributions to be paid by the employer, and reported as additional compensation;
WHEREAS, one of the steps in the procedures to implement Section 20691 is the adoption by the City Council of the City of San Leandro of a Resolution to commence paying and reporting the value of said Employer Paid Member Contributions (EPMC);
WHEREAS, the City Council of the City of San Leandro has identified the following conditions for the purpose of its election to pay EPMC:
* This benefit shall apply to non-represented employees of the Executive Management Group, which includes the City Manager and Assistant City Manager.
* This benefit shall consist of the City paying a percentage of normal contributions as EPMC, and reporting the same percent (value) of compensation earnable;
* Effective January 1, 2013, the City shall pay 7% of the normal member contributions as EPMC;
* Effective January 1, 2014, the City shall pay 6% of the normal member contributions as EPMC;
* Effective January 1, 2015, the City shall pay 4% of the normal member contributions as EPMC;
* Effective January 1, 2016, the City shall pay 2% of the normal member contributions as EPMC;
* Effective January 1, 2017, the City shall pay 0% of the normal member contributions as EPMC.
* The effective date of this Resolution shall be retroactive to January 1, 2013.
NOW, THEREFORE, BE IT RESOLVED that the City...
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