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Effective the first full pay period on/after April 1, 2021, the City shall contribute an additional one-half percent (.5%) of the employee's base compensation, for a total contribution of one percent (I%) into a 457 deferred compensation plan. 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 Union of Schools and Colleges and is in a recognized academic or professional field as determined by the employer's Department Head and the Director of Human Resources and Labor Relations. Where a degree appears not to be in a recognized academic field the Assistant City Manager shall provide the employee an opportunity to discuss the issue with them before they make their decision. Once made, however, the decision of the Director of Human Resources and Labor Relations 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 they are currently receiving incentive pay, said incentive pay shall cease. To receive incentive pay the employee must submit a copy of their college degree and college transcripts showing their overall grade point average. Incentive pay shall be effective at the beginning of the next pay period following approval of eligibility. All employees receiving educational incentive pay on April 30, 1992, shall continue to receive educational incentive pay. Any employee as of April 30, 1992, who obtained an eligible degree prior to being employed by the City of Pleasanton shall, upon reaching step E of their classification's salary range, receive the appropriate incentive pay percentage as cited above for said degree. 20.2 Tuition Reimbursement Regular full time employees and as specified below regular part time employees shall be eligible for reimbursement of tuition expenses for college or university courses successfully completed with a grade of "C" or better, provided said courses have been approved in advance by the employee's Department Head and the Director of Human -30-