29.12.2014 Views

WHEREAS - Watsonville California

WHEREAS - Watsonville California

WHEREAS - Watsonville California

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

(b)<br />

To evidence competency as a Level II Translator, employees must<br />

pass a skills-based test administered by the City to demonstrate<br />

competency in written translation.<br />

1.7 Retirement<br />

1.7.1 For the term of this Agreement, the City agrees to contribute to the<br />

Public <strong>California</strong> Employees’ Retirement System ("CalPERS") on<br />

behalf of each employee, seven percent (7%)of the employee's<br />

compensation upon which retirement contributions are calculated<br />

(hereinafter "7%"). Effective the first full payroll period in January<br />

2007 the City contribution shall be reduced to four percent (4%) of<br />

the employee’s compensation. Said contributions shall be considered<br />

deferred compensation, not salary, and shall be credited to the<br />

employee's retirement account. Any future income tax obligations<br />

resulting from these contributions shall be the exclusive<br />

responsibility of the employee. In the event the Internal Revenue<br />

Service shall change its current position and determine that such<br />

contributions constitute salary, not deferred compensation, any<br />

resulting tax obligations shall be the exclusive responsibility of the<br />

employee and the City shall not be held responsible therefore.<br />

For purposes of salary comparison, the employee retirement<br />

contribution paid by the City shall be considered as part of base pay.<br />

1.7.2 Special Compensation:<br />

The City shall report the employees’ four percent (4%) retirement<br />

contribution as special compensation. Pursuant to Section 20636<br />

(c)(4) of the <strong>California</strong> Public Employees Retirement Law, this four<br />

percent (4%) retirement contribution shall then be considered<br />

compensation for retirement purposes.<br />

1.7.3 Retirement Re-Opener:<br />

The parties agree to meet and confer in Spring 2008 to discuss<br />

amending the City’s contract with CalPERS to provide the single<br />

highest year benefit. The provision of this benefit must be at no cost<br />

to the City.<br />

1.7.4 Credit for Unused Sick Leave:<br />

Mid-Mgmt 2009-2010 MOU CC Draft 7<br />

5/21/2009 1:44 PM

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!