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Res11 15145
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Res11 15145
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Last modified
10/11/2019 7:46:46 AM
Creation date
10/11/2019 7:46:43 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
9/12/2011
Description
RESOLUTION OF INTENTION TO APPROVE AN AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY OF REDWOOD CITY
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1 <br /> VI. Coarnbntion Soorees md Amoums <br /> A. DeSnirion of Earninp <br /> The definitioa oFEuningc will apply m all RHS Coacribution Featu�ea that refercnte •Euninga°, including Dira[ <br /> Employer Conaibudone (Sation VI.B.l.) and MandamryEmployee Compeosacion Conaibutims (Seaion VI.8.2J. <br /> De6nitioa of earaings:. �' 1'�' <br /> 8. Dlroet Hmployet Coavlbndom aad Maodawq Coev46t�tiona <br /> 1. Dim[ Empb}er Convibutioaa <br /> The Empkyer thall eoncribun on behalf of each Partidpant <br /> o %oE� <br /> ❑ $ ach Plan Yeaz <br /> ❑ A discmionary amount ro be decermined each Plan Yesr <br /> ❑ Otha (daaibe): <br /> 2. Mandamry Employee Compensavon Con[ribudons <br /> The Employer will make maedatory cmvibutions of Employee compensation ac follows: <br /> ❑ Reduction in Saluy - % of Earnings or $ will be conaibuted for the Plan Yar. <br /> ! ❑ Decrosed Muit or Pay Plan Adjustmmt - All or a portion of the Employees' annual mui[ <br /> � or PaY Pla° adjustment will be wntribuced u follows: <br /> An Employee shall nQLhave che righ[ ro discon[inue or vary the rate of Mmdarory Concributiams of <br /> Employee Compenauion. <br /> 3. Mandam+Y EmPloya Leave Coamburiona <br /> The Employer will make mandaeory contributians of accrued leave u(opows (pmv)de formula (ur dea�miniug <br /> Mandamry Employ« Leave coMributionsj: <br /> � Accrued Sick I.eave <br /> � AccruedVacadonI.eave .J.QQ�O Q[GUfo� VArn�.�nn l���n {�c.a.ilni -� 14��nn <br /> 1^D�✓a �+en�F Oh IJ . <br /> � Orhu (spaify type of leave) Acaued I.eave <br /> �n r�r Tm,� <br /> An Employee s6all p�6ave rhe rig6t ro diaconrinue or vary �he rue of mandaoory leave concributions. <br /> C. Limite on Toml Convlbotinm (check one bo� <br /> The romt contriburion by rhe Employer on behalf of each Pazticipw[ (inc►uding Direa Employu aed <br /> Mandatory Employee Contribudons) for each Plan Yar ahall no[ aceed the following limit(a) bdow Limirs <br /> on individual wntribudoa typa aze defiacd within �6e appropriatc secrion abave. <br /> � <br /> , <br /> 4 '�` Y) < . � 'C '� <br /> � � �� N3 � � i , . _. <br /> Y � k. n P �. � A S t <br /> � i <br /> i �.. 3 ,�; <. r� ; ,! � 1-. <br /> � � . � � - ` <br />
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