WHEREAS - Watsonville California
WHEREAS - Watsonville California
WHEREAS - Watsonville California
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(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