AgdaPkt 2016-12-12 Closed and Joint SA PFA

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6.3.E. - Page 34 contribute the full member contribution (eight percent (8%) for Tier 1 employees and seven percent (7%) for Tier 2 employees), in addition to cost sharing described hereinin section 15.3. Tier 3 employees shall pav the rate prescribed by the California Public Employees' Retirement System (CaIPERS) for emplovee contributions to CaIPERS in accordance with the rules and regulations governinq such employee. contributions, which consists of one-half of the total normal costs for pension. New members shall be, subiect to the provisions of the Public Employee Pension Reform Act (PEPRA), including provisions governinq reportable compensation. f=ffor+i�rrcoirVe-t i�firc. full pay reii 1, M16 oc-upofl tho 2016 am snr�mnn+ of the ri+„'c rnn+r7lt with i°ERSte FaQum EPMC, vthloh�Effective October 31, 2016, the salary schedule for all classifications represented by RCMEA will be increased by three percent (A). This 3% salary 'increase has been carried over from the prior MOU (October 1, 2013 — September 30, 2016) in exchange for the elimination of EPMC, and shall be in addition to the 3% increase described in Article 16.2 of this agreement. The City shall pay the rate prescribed by the Public Employees' Retirement System for employer contributions to the Public Employees' Retirement System in accordance with the rules and regulations governing such employer contributions. 15.3 Employee Cost Sharing of Employer Contribution to Pension In accordance with Section 20516(f) of the Government Code: EffeAtive the first f„u nay pore following , 2914, iR aGGefdaRGO with S ob& '�516tf) of tho ✓alifamia Govornmant Cade, oath unit mamtor Mail pay -two persont (21U, of b= calary tewaird the employer cos reiir T4 Cfforti„n the fi rc+f„1l pay __nncFiud norrno r aftep gotobor 1,hvil pcy 3n oddit&al w�i .,.,d one. -half pe ocnt (7,50!'-�, of base salary +n,x,arrl #hn om..ey coV, of rotir., half. X1,50/j) i\m^loyee ,4 `s �"wring of Dtyns+sn contrib 20{#} of t CaHko\rNa-Gey,ornmon+. Code EffeGti the -firm full pay poriod on or aft&F Gto;seF j,zz1/, thn s,?l.ary is^" dials far all G_I,?/,'9ificXicR-s rnnrnc n# '�I�Cn Will be increased by#�xzn and nno_half norc 1'7 a/_1 Effective the first full pay period on or after October 1, 2015 (1015115), each unit member shall pay an odLfiona! two 3rnd 9Re half pert (2.,5 )seven percent (7%) of base salary toward the employer cost of retirement (a total of sey@ Woont (7%) , yam & oh�ln in accordance with Section 20516(f) of the California Government Code. E#@ tho ftrs4 M. pay penad—on or aftor Jokoher 1, 2015, tha salary nnhed ,le far all J�f�a:ions rc�\Kocontc- by.RQMEA will be inereased by two and eRe Ulf poroont All such employee contributions toward employer cost of retirement will be made on a pre-tax basis in accordance with Section 414(h)(2) of the Internal Revenue Code. The contributions shall not be credited to the employee account at CaIPERS and shall not be reimbursed to the contributor by the City at any time for any reason. 15.4 Reopener 11