– Compensation Reportable to CalPERS. Employees Hired on or Before December 31, 2012. For purposes of calculating retirement benefits, the City will report to the California Public Employees’ Retirement System all regular compensation and special compensation (uniform allowance).
– Compensation Reportable to CalPERS. For purposes of calculating retirement benefits, City will report to the California Public Employees’ Retirement System all regular compensation and special compensation (uniform allowance, P.O.S.T. Certificate, physical fitness program pay (wellness) and special assignment pay) for employees hired on or before December 31, 2012. In accordance with PEPRA, for employees hired beginning January 1, 2013 and later, uniform allowance is not pensionable compensation and, therefore, may not be reported to CalPERS as pensionable compensation. In addition, for employees hired beginning January 1, 2013 and later, PEPRA, amendments to PEPRA and CalPERS law will define those special pays which may be reportable as pensionable compensation. S ection 6.06 – Pre-Tax Employee Contributions. Employee contributions may be deducted on a pre-tax basis as deferred income for Federal and State tax purposes. Any income tax obligation or penalties arising from such tax treatment shall be the exclusive responsibility of the employee. In the event of any adverse tax treatment for the employees, the City shall not be responsible and the City has made no representation regarding such tax treatment and employees shall seek such advice from their Association or personal tax advisors regarding such matters.
– Compensation Reportable to CalPERS. For purposes of calculating retirement benefits, City will report to the California Public Employees Retirement System all regular compensation and special compensation (uniform allowance, P.O.S.T. Certificate, physical fitness program pay (wellness) and special assignment pay) for employees hired on or before December 31, 2012. In accordance with PEPRA, for employees hired beginning January 1, 2013 and later, uniform allowance is not pensionable compensation and therefore may not be reported to CalPERS as pensionable compensation. In addition, for employees hired beginning January 1, 2013 and later, PEPRA, amendments to PEPRA and CalPERS law will define those special pays which may be reportable as pensionable compensation.
