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osi22i2o� � ORIGINAL RESOLUTION N0.75136 RESOLUTION IMPLEMENTING SECTION 414 (h)(2) OF THE INTERNAL REVENUE CODE WHEREAS, the City of Redwood City has the authority to implement the provisions of Section 414(h)(2) of the Internal Revenue Code (IRC); and WHEREAS, the City of Redwood City adopted a Resolution implementing Section 414(h)(2) of the Internal Revenue Code with respect to statutorily required employee contributions on August 14, 1990; and WHEREAS, the City of Redwood City elected to pay the CaIPERS contribution (seven percent [7%] of the eight percent [8%] normal contributions) on behalf of miscellaneous members of the Redwood City Management Employees Association and the Executive Management Employees; and WHEREAS, the City of Redwood City elected to pay the CaIPERS contribution (seven percent [7%] of the nine percent [9°/u] normal contributions) on behalf of safety members of the Executive Management Employees and the Chief Officers Association; and WHEREAS, the City of Redwood City elected to pay the CaIPERS contribution ; (zero [0%] of the eight percent [8%] normal contributions) on behalf of miscellaneous members of the Service Employees International Union (SEIU) Local 521; and WHEREAS, the City of Redwood City elected to pay the CaIPERS contribution (zero percent [0%] of the nine percent [9%] normal contributions) on behalf of safety members of the Redwood City Police Officers Association, and the Redwood City Police Sergeants Association; and WHEREAS, the City has entered labor agreements with represented and unrepresented employees which require the employees to cost share pension obligations by contributing a percentage toward the employer cost of retirement; and ATTY/RES0.2149/ IMPLEMENTING SECTION 414(H) (2} OF THE INTERNAL REVENUE CODE RESO. # 15136 � - 0811 MUFF # 904 1