My WebLink
|
Help
|
About
|
Sign Out
Browse
Search
AgdaPkt 2017-08-28 Joint SA PFA
RedwoodCity
>
City Clerk
>
Agenda Packets
>
2010-2019
>
2017
>
AgdaPkt 2017-08-28 Joint SA PFA
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/30/2017 9:41:44 AM
Creation date
8/24/2017 2:54:53 PM
Metadata
Fields
Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
8/28/2017
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
434
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
<br />ATTY/RESO.0080/CC RESO IRC 414 PENSION <br />REV: 08-21-17 MI <br />Page 2 of 2 <br />Government Code section 20691 and Government Code section 20516, subdivisions (a) <br />and (f), on behalf of all of its employees who are members of CalPERS. <br />2. “Employee contributions” shall include all of the following: <br />i. Contributions to CalPERS which are deducted from the salary of <br />employees and are credited to individual employee’s accounts <br />pursuant to Government Code section 20691. <br />ii. Contributions to CalPERS which are deducted from the salary of <br />employees and are credited to individual employee’s accounts <br />pursuant to Government Code section 20516(a). <br />iii. Contributions to CalPERS which are deducted from the salary of <br />employees and are credited to City’s account pursuant to California <br />Government Code section 20516(f). <br />3. The contributions made by the City, although designated as employee <br />contributions, shall be paid by the City in lieu of contributions by the employees who are <br />members of CalPERS. <br />4. The contributions defined above are mandatory, and employees do not <br />have a cash or deferred election right (or option) with respect to these designated <br />employee contributions. An employee may not elect to receive contributions directly <br />instead of having paid by the City to the CalPERS plan. <br />5. The City shall pay to CalPERS the contributions designated as employee <br />contributions from the same sources of funds as used in paying salary. <br /> <br />* * * <br />8.A. - Page 13
The URL can be used to link to this page
Your browser does not support the video tag.