RES 94033 - Laserfiche WebLink

8,2 Retirement Plans The specific plans provided management and confidential employees are as follows: Miscellaneous management and confidential employees shall be provided the PERS 2% @ 60 plan to include the following options: 1959 Survivors Benefit to include Section 21382.2 benefits, credit for unused sick leave, and one highest year compensation. Effective April 1. 1996, the 2% @ 60 retirement plan shall be replaced by the PERS 2% @ 55 retirement plan. Public safety management employees shall be provided the PERS 2% @ 50 plan to include the following options: 1959 Survivors Benefit, credit for unused sick leave benefit (except for Police Management personnel), and one highest year compensation. S.3 F%Vment - EmDlovee's Contribution The city shall pay the employee's contribution to PERS. Each employee may, once during the term of his/her employment with the City, convert the city's payment of his/her PERS contribution to salary. The decision to convert, once made, shall be irrevocable. Prior to June 30, the City will address the PERS decision to disallow said conversions in the computation of retirement compensation after June 30, 1994. Section 9. Uniforms The city shall provide fifty percent (50%) of the initial purchase price of uniforms of those management employees required to wear a uniform. For the classifications of Police Lieutenant, the city shall provide an annual uniformallowance of $630.00. For the classifications of Fire Marshal, Fire Battalion Chief, and Fire Training Officer, the city shall provide a uniform allowance of $312.00. In the event the uniform allowance paid non management employees increases, the City Manager will also increase the managers' allowance. section 10. Credit Union The city shall provide a voluntary payroll deduction option for those employees who wish to join the City and County Employees Credit Union for the purpose of - 13 -