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Section 17. Credit Union <br /> The City shall implement a voluntary payroll deduction option for <br /> those employees who wish to join the City and County Employees <br /> Credit Union for the purpose of transacting business with such City <br /> and County Employees Credit Union. <br /> Section 18. Deferred Compensation Plan <br /> The City shall implement a deferred compensation plan provided, <br /> however, ten percent (10%) of the PCEA membership agree to <br /> participate in said plan. If at any time participation in said <br /> plan falls below ten percent (10%) of the PCEA membership, the City <br /> may at its discretion, discontinue said plan at the conclusion of <br /> the calendar year following sixty days notice to the PCEA. <br /> Section 19. Educational Incentive Tuition and Book Reimbursement 'roars' <br /> 19.1 Educational Incentive <br /> All regular employees having reached step E of their <br /> classification's pay range are eligible for educational incentive <br /> pay for college degrees earned while employed by the City of <br /> Pleasanton provided the degree is awarded from a community college, <br /> college or university accredited by the Western Association of <br /> Schools and Colleges and is in a recognized academic or <br /> professional field as determined by the employer's Department Head <br /> and the Personnel Director. Where a degree appears not to be in a <br /> recognized academic field the Department Head and Personnel <br /> Director shall provide the employee an opportunity to discuss the <br /> issue with them before they make their decision. Once made, <br /> however, the decision of the Department Head and Personnel Director <br /> shall be final. <br /> Incentive pay shall be a percentage of monthly base salary as <br /> specified below: <br /> Eligible Degree Incentive Pay <br /> AA 2.5% <br /> BA /BS 5.0% <br /> MS /MA 5.0% <br /> The maximum incentive pay an employee can receive is five percent. <br /> Should an employee be promoted to a position requiring the degree <br /> for which he /she is currently receiving incentive pay, said <br /> incentive pay shall cease. <br /> To receive incentive pay the employee must submit a copy of his /her <br /> college degree and college transcripts showing his /her overall <br /> grade point average. Incentive pay shall be effective at the <br /> beginning of the next pay period following approval of eligibility. <br /> - 22 - <br />