Employer Share. Effective the first full pay period following December 1st, 2017, employees (Groups A-D) shall pay one percent (1.0%) of their salary toward the employer cost of retirement (in addition to the employee share) in accordance with Section 20516 of the California Government Code. This will result in SEIU employees in Groups A-D paying a total of two (2) percent of the employer share (in addition to the employee share) effective the first full pay period including December 1st, 2020. Deleted: one Deleted: 1 Deleted: of 8% Deleted: y Deleted: 17 Deleted: ¶ Pension Group ...
Employer Share. Effective February 1, 2013, all employees shall contribute nine and three hundred and four thousandths percent (9.304%) (either one and three hundred and four thousandths percent (1.304%) or two and three hundred and four thousandths percent (2.304%) depending on whether the employee rate is eighty percent (8%) or seven percent (7%)) of their salary toward the employer cost of retirement in accordance with Section 20516 of the California Government Code. The City will pay the employer contribution for the Fourth Level 1959 Survivor Benefit. For Tier I and II employees, the final compensation retirement calculation shall be based upon their single highest year of compensation earnable as provided under Section 20042 of the California Government Code. The compensation earnable period for Tier III PEPRA employees will be three years. The City and the Union acknowledge that the PEPRA laws and regulations shall govern a determination of whether employees are hired as “new members” or “classic or legacy” members.
Employer Share. Employees will also contribute to the employer PERS rate as follows: Effective the first full pay period following City Council approval of the MOU, to the extent the City’s combined employee and/or employer share obligation exceeds 34%, employees will contribute the percent in excess of 34% toward the employer PERS rate via a payroll deduction.
Employer Share. Effective the first full pay period following December 1st, 2017, employees (Groups A-D) shall pay one percent (1.0%) of their salary toward the employer cost of retirement (in addition to the employee share) in accordance with Section 20516 of the California Government Code. Effective the first full pay period including December 1, 2020, employees in this unit (Groups A-D) shall pay an additional 1% of their salary toward the employer cost of retirement for a total of 2% (in addition to the employee share) contribution toward the employer share. This will result in SEIU employees in Groups A-D paying a total of two (2) percent of the employer share (in addition to the employee share) effective the first full pay period including December 1st, 2020.
Employer Share. The City will make the mandatory employer contribution for retirees participating in the Public Employees Medical and Hospital Care Act (PEMHCA). The mandatory monthly rate is established by CalPERS annually and is effective on January 1st of each year.
