IAFF MOU 2012 - Laserfiche WebLink

Section 17. Retirement 17.1 Retirement Plan The City shall provide for the employees covered by this agreement the following PERS plan options: 3%@50, single highest year and fourth level 1959 Survivor's Benefit at the City's expense. The Military Service Buy-Back option will be paid at the employee's expense. In addition, the City, at its expense, contracts with PERS for the purpose of providing the "credit for unused sick leave" option. The amount of unused hours of sick leave is converted to days and reported to PERS as service credit in accordance with PERS requirements. The City, at its expense, contracts with PERS for the purpose of providing Section 21548 "Pre- Retirement Option 2W Death Benefit". The spouse or domestic partner of the deceased member, who was eligible to retire for service at the time of death, may elect to receive the Pre-Retirement Option 2W Death Benefit in lieu of the lump sum Basic Death Benefit. Effective as soon as administratively feasible, the City will modify the formula to provide for 3%@55 retirement formula with 36 highest paid consecutive months option for new employees hired after the ordinance is adopted by the respective City Councils. All other optional PERS retirement benefits remain in effect. PERS Status for Fire Prevention Personnel The classifications of Fire Inspector and Hazardous Materials Inspector will be placed in the Safety PERS plan as maintained for the line personnel. 17.2 Payment of Employee's Contribution The City shall pay each employee's required PERS on eligible salary and those elements of compensation deemed by PERS to be "PERS Special Compensation" for example, holiday pay,uniform allowance, and paramedic pay. The PERS EPMC payment structure will continue as currently provided by the City of Pleasanton and the appropriate definition language referenced in Section 17.1. Only employer paid member contributions are reported to PERS as special compensation. Effective as soon as administratively feasible, employees will pay four percent (4%) in addition to the current two percent (2%) for a total of six percent (6%) of the Member Contribution (EPMC); effective July 6, 2013, employees will pay an additional three percent (3%) for a total of nine percent(9%) of the full Member Contribution (EPMC). Employee contributions to the EPMC shall be made pre-tax in accordance with applicable law. Section 18. Fire Inspectors The Department recognizes the importance of maintaining a core of trained fire investigators. 27