RES 02112 - Laserfiche WebLink

Section 18. Credit Union The City shall implement a voluntary payroll deduction option for those employees who wish to join the First United Services Credit Union for the purpose of transacting business with said credit union. Section 19. Deferred Compensation Plan The City shall implement a deferred compensation plan provided, however, ten percent (10 %) of the PCEA membership agree to participate in said plan. If at any time participation in said plan falls below ten percent (10 %) of the PCEA membership, the City may at its discretion, discontinue said plan at the conclusion of the calendar year following sixty (60) days notice to the PCEA. Section 20. Educational Incentive Tuition and Book Reimbursement Program 20.1 Educational Incentive All regular employees having reached step E of their classification's pay range are - eligible for educational incentive pay for college degrees earned while employed by the City of Pleasanton provided the degree is awarded from a community college, college or university accredited by the Western Association of Schools and Colleges and is in a recognized academic or professional field as determined by the employer's Department Head and the Deputy City Manager/Director of Human Resources. Where a degree appears not to be in a recognized academic field the Department Head and Deputy City Manager/Director of Human Resources shall provide the employee an opportunity to discuss the issue with them before they make their decision. Once made, however, the decision of the Department Head and Deputy City Manager/Director of Human Resources shall be final. Incentive pay shall be a percentage of monthly base salary as specified below: Eligible Degree Incentive Pay AA 2.5% BA/BS 5.0% MS/MA 5.0% The maximum incentive pay an employee can receive is five percent (5 %). Should an employee be promoted to a position requiring the degree for which he /she is currently receiving incentive pay, said incentive pay shall cease. -25 -