Agmt 2006 SLCEA - Laserfiche WebLink

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Section 32. Short Term Disabilitv Insurance The City shall make available for employees, the ability to purchase voluntary short-term disability insurance, at no cost to the City, subject to the rules, regulations, enrollment requirements and exclusions set forth by the insurance carrier. Such premium payments made by the employee purchasing any voluntary short-term disability insurance shall be made on an after-tax basis. Section 33. Retirement Plan 33.1 The City's contract with the Public Employees Retirement System provides retirement benefits for the 2% @ 55 retirement formula. Such plan contains an after remarriage post survivor allowance continuance. 33.2 The City shall continue to contract with the Public Employees' Retirement Systems to provide the credit for unused sick leave benefit (Section 20862.8). 33.3 The City shall continue to contract with the Public Employees' Retirement System to provide the Military Service Credit as Public Service (Section 21024) benefit option. 33.4 On or before July 1,2002, the City shall implement the 2.5% @ 55 formula. The City shall also pay the increase of one percent (1 %) in the employees retirement contribution of eight percent (8%). 33.5 Effective January 1, 2006, the City shall contribute to the Public Employees' Retirement System (PERS) each pay period a portion of a new employee's contribution rate as established by law according to the following schedule: year 1 - 2%; year 2 - 4%; year 3 - 6%. Thereafter, the Employer Paid Member Contribution (EPMC) shall be equal to eight percent (8%) of the employee's "compensation" as that term is administered by the Board of Administration of PERS. Prior CalPERS service time will be credited to new employees to reduce the contribution rates specified above. Section 34. Transfer For the purpose of employee transfers as defined in Personnel Rules, the classifications of Refuse Collector, Street Maintenance Worker, Building Maintenance Worker and Park Maintenance Worker shall be interpreted as comparable classifications. An employee so transferred shall be paid in accordance with classification to which such employee is transferred. Section 35. Tools - EQuioment Section The City shall provide tool insurance to cover the reasonable value of the hand tools furnished by employees in the Automotive Mechanic and Equipment Mechanic classifications against loss in excess of sixty dollars ($60.00) per occurrence arising from theft or catastrophic damage. It is understood that the City may institute reasonable rules for the purpose of limiting claims under this tool insurance. 28