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Reso24 16265
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Reso24 16265
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Last modified
11/26/2024 12:16:55 PM
Creation date
11/26/2024 12:16:44 PM
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Date
11/25/2024
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ATTY/RESO.0084/CC RESO AMENDING EXECUTIVE MANAGEMENT SUMMARY OF BENEFITS, CLASSIFICATION, & WAGE AND SALARY PLAN – EXHIBIT A <br />REV: 11-21-24 MI <br />Page 21 of 23 <br />Appendix A <br />401(a) Retirement Plan Employee Contributions <br /> <br />Effective January 1, 2017, or upon Council approval of the amended 401(a) plan document, employee <br />contributions shall be as follows: <br />Group 1: Executive members appointed prior to January 1, 2015 shall continue with the mandatory <br />employee contribution designated at the time of appointment <br />Group 2: Executive members appointed on or after January 1, 2015 shall have mandatory employee <br />contributions as follows: <br />City Manager and City Attorney 5% of Salary <br />Department Heads: <br />• Public Safety <br />• Miscellaneous Tier 3 (PEPRA) <br />5% of Salary <br />All Other Executive Members No Employee Contribution <br /> <br />
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