Laserfiche WebLink
All Executive Management employees shall be eligible to participate in the plan if they <br /> are employed as the City Manager, City Attorney, City Clerk, or are a Department Head, <br /> Deputy or Assistant Department Head, or Division Manager of the City of Redwood City. <br /> The City paid contribution of 2% of compensation will go into a 401-A plan for the <br /> applicable classifications, as defined in plan document. Employee contributions shall be <br /> determined by the City in accordance with the plan document and I.R.S. guidelines. <br /> For the purposes of this section compensation shall be defined as all regular pay and <br /> any applicable retroactive payments relating to said regular pay. <br /> For the purposes of this section regular pay shall be defined as the amount appearing in <br /> the regular pay line on the participant's pay stub. <br /> All Executive Management personnel will participate in the City's payroll direct deposit <br /> program. <br /> III. LEAVE <br /> a. Vacation — Vacation accruals will be set by the City Manager based on years of <br /> service with City and total public sector years or years in the industry. <br /> Executive Management will accrue vacation based on years of service based on <br /> the following schedule: <br /> • Date of Hire through the fourth year of service—3.077 hours per pay period, <br /> yields 80 hours of vacation per year). <br /> • Fifth through the ninth year of service — 4.615 hours per pay period, yields <br /> 120 hours of vacation per year. <br /> • Tenth through the sixteen year of service — 6.154 hours per pay period, <br /> yields 160 hours of vacation per year. <br /> • Seventeenth through the nineteenth year of service — 6.923 hour per pay <br /> period, yields 180 hours of vacation per year. <br /> • Twentieth and subsequent years of service — 7.692 hour per pay period, <br /> yields 200 hours of vacation per year. <br /> Vacation leave shall not be accumulated in excess of two (2) years accrued <br /> vacation leave computed to the 31St of December, except upon written <br /> authorization of the City Manager. <br /> ATTY/RES0.3159/CC RE50 AMENDING EXECUTIVE MANAGEMENT SUMMARY <br /> REV: 11-24-15 RS <br /> Page 6 of 19 <br />