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7.2.D. - Page 40 <br /> provisions of the Public Employee Pension Reform Act (PEPRA), including provisions <br /> governing reportable compensation. <br /> Employer-Paid Member Contribution <br /> The following provisions apply to employees in Tier 1 and Tier 2 retirement formula <br /> plans: <br /> The City shall contribute on behalf of Executive Management members, seven percent <br /> (7 %) of the member contribution to the retirement plan until Council resolution as soon <br /> as administratively feasible in early 2014 to reduce and eliminate the employer -paid <br /> member contribution (EPMC)rebfiaary -1-0 -2014. The seven percent (7 %) contribution <br /> shall be added to the eligible compensation for establishing special compensation under <br /> Section 20636(C)(4) in accordance with the rules and regulations governing such <br /> contributions. The employee shall pay the remaining employee contribution in <br /> accordance with the established plan. <br /> Effective the first full pay period following Council resolution to reduce and eliminate the <br /> employer -paid member contribution (EPMC), the City shall contribute on behalf of <br /> Executive Management members, five percent (5 %) of the member contribution to the <br /> retirement plan. The employee shall pay the remaining employee contribution in <br /> accordance with the established plan. <br /> Employee Contribution to Employer Share of Pension - The City shall pay the <br /> rate prescribed by the Public Employees' Retirement System for employer contributions <br /> to the Public Employees' Retirement System in accordance with the rules and <br /> regulations governing such employer contributions. <br /> In accordance with Section 20516(0 of the Government Code: <br /> • - - • i w i - i i w - • - . - • - • - r • - i •. - • <br /> member shall pay two and one half perccnt (2.5 %) toward thc employer cost of <br /> et n� <br /> e� <br /> Effective the first full pay period beginning on or after January 1, 2013, each unit <br /> percent (5 %) toward thc cmploycr cost of retirement. <br /> Effective the first full pay period beginning on or after January 1, 2014, each unit <br /> member shall pay an additional two perccnt (2 %) for a total of seven percent (7 %) <br /> toward the employer cost of retirement. <br /> 16 <br />