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Res11 15136
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Res11 15136
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Last modified
10/11/2019 7:46:39 AM
Creation date
10/11/2019 7:46:39 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Redevelopment Agency
Date
8/22/2011
Description
RESOLUTION N0.75136 RESOLUTION IMPLEMENTING SECTION 414 (h)(2) OF THE INTERNAL REVENUE CODE the City of Redwood City has the authority to implement the provisions of Section 414(h)(2) of the Internal Revenue Code (IRC); and the City of Redwood City adopted a Resolution implementing Section 414(h)(2) of the Internal Revenue Code with respect to statutorily required employee contributions on August 14, 1990; and the City of Redwood City elected to pay the CaIPERS contribution (seven percent [7%] of the eight percent [8%] normal contributions) on behalf of miscellaneous members of the Redwood City Management Employees Association and
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osizzizo� � <br /> Effective January 1, 2012 each unit member <br /> will pay two and one-half percent (2.5%) <br /> toward the employer cost of retirement <br /> Effective January 1, 2013 each unit member <br /> will pay five percent (5%) toward the <br /> employer cost of retirement <br /> Redwood City Police Officers Association: <br /> Effective September 1, 2011 each unit <br /> member will pay two percent (2%) toward <br /> the employer cost of retirement <br /> Effective September 1, 2012 each unit <br /> � member will pay four percent (4%) toward <br /> the employer cost of retirement <br /> Effective September 1, 2013 each unit <br /> member will pay seven percent (7%) toward <br /> the employer cost of retirement <br /> Redwood City Police Sergeants Association: <br /> Effective September 1, 2011 each unit <br /> member will pay two percent (2%) toward <br /> the employer cost of retirement <br /> Effective September 1, 2012 each unit <br /> member will pay four percent (4%) toward <br /> the employer cost of retirement <br /> Effective September 1, 2013 each unit <br /> member will pay seven percent (7%) toward <br /> the employer cost of retirement <br /> Service Employees Intemational Union (SEIU) Local 521 <br /> Effective February 1, 2012 each unit <br /> member will pay two percent (2%) toward <br /> the employer cost of retirement <br /> Effective February 1, 2013 each unit <br /> member will pay three and eight-tenths <br /> percent (3.8%) toward the employer cost of <br /> retirement <br /> ATTY/RES0.2149/ IMPLEMENTING SECTION 414(H) (2) OF THE INTERNAL REVENUE CODE RESO. # 15136 <br /> 081711 � . MUFF # 904 <br /> 3 <br />
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