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Ord 2367
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Ord 2367
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Last modified
10/11/2019 2:48:48 PM
Creation date
10/11/2019 2:48:46 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Ordinance
Meeting Type
Joint
Agency Type
City Council and Redevelopment Agency
Date
9/12/2011
Description
ORDINANCE NO. 2367 AN ORDINANCE OF THE CITY OF REDWOOD CITY AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL OF THE CITY OF REDWOOD CITY AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM FOR THE MISCELLANEOUS SAFETY GROUPS The City Council of the City of Redwood City does ordain as follows: Section 1. That an amendment to the contract between the City Council of the City of Redwood City and the Board of Administration, California Public Employees' Retirement System is hereby authorized, a copy of said amendment being attached hereto, marked Exhibit A, and by such reference made a part hereof as though herein set out in full. Section 2. The Mayor of the City Council is hereby authorized, empowered and directed to execute said amendment for and on behalf of the Agency
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VL Conaibudoa Sourw and Amounu <br /> A. DeSnition of Earoing� <br /> The definition of Earninga will apply m all RHS Coacribution Fnturea rhat mference'Eaming,c , including Direa <br /> Employer Conaibutiom (Sa�[ion VI.B.l.) and MandamryEmployee Compeosacion Comributime (Sectioa VI.B,2J. <br /> DeSni�ioa of arninga: �' �' <br /> 8. Dlmt Hmployet Cmul6udom md Mandatory Comribotims <br /> 1. Dim� Employu Convibutioaa <br /> T6e Employer ahall eonrriburc oa behalf of each Pareiapant <br /> ❑ % of Eamings <br /> ❑ S euh Plan Yru <br /> ❑ A discreuoaary amomt m be determined cach Plan Yeaz <br /> ❑ Ot6er (describe): <br /> 2. Mandamry Employee Compensatim Contnbudons <br /> The Employer will makc mandacory wntributions oFEmployee wmpwation as follows: <br /> ❑ Reduction in Sala�y - % of Eaznings or $ will be contributed for the Plan Yar. <br /> � ❑ Decreased Merit or Pay Plw Adjustmmt - All or a portion of the Employees' aonual merit <br /> or pay plan adjuatment will be contributed as follows: <br /> An Employee shall p�have the riglu to discontinue or vary the nte of Mandatory Contributious of <br /> Employee Compensuion. <br /> 3. Mandamry Employa Leave Coauibutions <br /> The Employer will make mandamry contributions of accrued kave aa fopows (provide focmula for dercrmining <br /> Mandamry Employx Leave contributiom): <br /> � Accrued Sick I.eave <br /> � Accrued Yacation Leave J.Q12,f� Q�� VAt n�,� �n / s�t un bu.� tni .j ( lfl�^ <br /> ro���� dh��,. <br /> � o� �S t �'ia�> n�,�a �� <br /> �1�.���? <br /> An Employa shall n4tkave [he rig6t m diacoatiaue or vary the rue of mandamry leave wncribudons. <br /> C. 13mIn oa Toml Contn'6udom (check one bu� <br /> The rotal mntribution by the Employa on behalf of ach Puticipant (induding Direa Emplayer aed <br /> Mandarory Fmployee Conttibuaons) for eac6 Plan Year ahall not aaed the following limi�(a) below Limits <br /> on individual coatribuuon types are defined within the appropriate sation above. <br /> ( . <br /> . : _ � <br /> � ' � <br /> 4 . � . ..� . � . � . >. . . � - ' . . . . . ._ , � - <br />
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