Contract Amendment with PERS Clause Samples
Contract Amendment with PERS. A. The Union will establish a retiree medical plan administered by the Peace Officers Research Association of California (PORAC), herein after referred to as the Retiree Medical Trust or the Trust, and the cost of establishing the Trust shall be at no cost to the City. The City is not a party to the Trust and has no obligations for securing or maintaining the tax-exempt status of the Trust, regulatory compliance, or for the management or performance of the Trust. The City’s only obligation under this Article is to transfer employee contributions in accordance with this Article to the custodian of the PORAC Retiree Medical Trust.
Contract Amendment with PERS. The City will submit a contract amendment to PERS requesting the employee contributions effective July 2019 and 2020 (1.5% and 3% respectively) be considered contributions to the employees account. PERS currently requires a secret ballot election among the employees affected to change the employees’ rate of contribution. The contract cannot be amended if a majority of the affected members vote to disapprove the proposed plan. In the event a secret ballot is required by State Law and the Fire membership does not vote to approve the contract amendment, the additional contributions will still be required in accordance to the provisions of §20516(f). In this case the additional contributions would not be credited to the employee’s PERS account as a normal contribution.