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33 <br /> 14.2 Optional Provisions Added <br /> <br />Optional Public Agency Provisions under the Public Employees' Retirement <br />System shall also be provided as follows: <br /> <br />1. Effective April 1, 1969, 1959 Survivor Allowance as set forth in Article 6 of <br />Chapter 9 of the Public Employees' Retirement Law (commencing with <br />Section 21380 of the Government Code), which will provide the third tier of <br />benefits. Effective July 9, 2007, 1959 Survivor Allowance as authorized by <br />Section 21574 of the Government Code, which will provide the fourth level <br />of survivor benefits. <br /> <br />2. Effective March 16, 1989, retirement benefits for employees hired before <br />the date of the City’s 2011 amendment of its contract with CalPERS will be <br />calculated based on one (1) year highest compensation as authorized by <br />Section 20042 of the Government Code. <br /> <br />3. Retirement benefits for employees hired on or after the date of the City’s <br />2011 amendment of its contract with CalPERS will be calculated based on <br />the average of three years of compensation as authorized by Section 20037 <br />of the Government Code. <br /> <br />4. Effective July 9, 2007, Pre-Retirement Optional Settlement 2 Death <br />Benefits as authorized by Section 21548. <br /> <br />14.3 City's Contribution to Retirement System <br /> <br />The City shall pay the rate prescribed by the Public Employees' Retirement <br />system for employer contributions to the Public Employees' Retirement System <br />in accordance with the rules and regulations governing such employer <br />contributions. <br /> <br />In accordance with Section 20516(f) of the Government Code: <br /> <br />Effective the first full pay period beginning on or after September 1, 2011, <br />each unit member shall pay two percent (2%) toward the employer cost of <br />retirement. <br /> <br />Effective the first full pay period beginning on or after September 1, 2012the <br />date of Council approval of this tentative agreement (anticipated to be <br />February 8, 2016, to be included in the check issued on February 26, 2016), <br />each unit member in the Tier 1 (3%@50) and Tier 2 (3%@55) retirement plans <br />shall pay an additional twoseven percent (2%7%) for a total of four percent (4%) <br />toward the employer cost of retirement. <br /> <br />Effective the first full pay period beginning on or after September 1, 2013, <br />each unit member shall pay an additional three percent (3%) for a total of <br />seven percent (7%) toward the employer cost of retirement. <br /> <br /> <br /> <br />6.1.C. - Page 44