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AgdaPkt 2016-10-24 Closed and Joint SA PFA HHCC
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AgdaPkt 2016-10-24 Closed and Joint SA PFA HHCC
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Last modified
11/3/2016 4:45:27 PM
Creation date
10/20/2016 5:13:45 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
10/24/2016
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8.3.B. - Page 25 <br /> Appendix A <br /> 401(a) Retirement Plan Employee Contributions <br /> Effective January 1, 2017, or upon Council approval of the amended 4O1(a) plan <br /> document, employee contributions shall be as follows: <br /> Group 1: Executive members appointed prior to January 1, 2015 shall continue with the <br /> mandatory employee contribution designated at the time of appointment <br /> Group 2: Executive members appointed on or after January 1, 2015 shall have mandatory <br /> employee contributions as follows: <br /> City Manager and City Attorney 5% of Salary <br /> Department Heads: 5% of Salary <br /> • Public Safety <br /> • Miscellaneous Tier 3 <br /> (PEPRA) <br /> All other Executive Members No Employee Contribution <br /> ATTY/RES0.0096/CC RESO FOR EXECUTIVE MANAGEMENT SALARY&SUMMURY OF BENEFITS EXHIBIT B <br /> REV: 10-14-16 RL <br /> Page 16 of 18 <br />
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