2002 - Laserfiche WebLink

Section 10. Credit Union The City shall provide 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 such First United Services Credit Union. Section 11. Deferred Compensation The City shall provide a voluntary 457 deferred compensation plan and a voluntary IRS 401A plan. Section 12. Tuition & Book Reimbursement Upon approval of the City Manager, management and confidential employees shall be reimbursed tuition expenses for job related courses successfully completed from accredited colleges or universities. The maximum amount of tuition reimbursement per year shall equal the total tuition levied by Hayward State University for the academic year beginning in the Fall of each year. Management and Confidential employees can be reimbursed for books required for college /university courses approved by the City Manager and successfully completed with a grade of "C" or better. Upon reimbursement, the books shall become the property of the City. The maximum reimbursement for books an employee may receive shall not exceed $300.00 per fiscal year. To be reimbursed, the employee must submit a receipt from the college or university for the book purchase and an official transcript of grades. Section 13. Education Incentive Pay Regular confidential employees upon reaching the mid -point of their salary grade shall be eligible for educational incentive pay for educational degrees from accredited colleges or universities. The degree must be beyond that required by the employee's • classification. The amount of said pay shall be as follows: 2 -1/2 % AA degree 5 % BS /BA degree Page 16 of 31