Agmt 2014 San Leandro City Employees Association SLCEA

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percent (7%) of the employees' compensation to CaIPERS on behalf of these employees. Such • plan will also contain the three optional benefits listed above. 33.2.1 Tier two employees shall contribute towards the employee's retirement contribution rate based on the greater of the amounts set forth below: 33.2.1.1 The City shall contribute to the Public Employees' Retirement System (CaIPERS) 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 the respective formula (either seven (7) or eight (8) percent of the employee's "compensation" for miscellaneous employees as that term is administered by the Board of Administration of CaIPERS. Prior CaIPERS service time will be credited to new employees to reduce the contribution rates specified above. Pursuant to IRS Code Section 414 (h) (2). these payments shall be made on a pre-tax basis. 33.2.1.2 Effective October I. 2013, employees shall commence paying 3% of the employee contribution and the City shall contribute 4%. Effective July 1, 2014, employees shall commence paying 6% of the employee contribution and the City shall contribute I% Effective July I, 2015, employees shall commence paying 7% of the employee contribution and the City shall contribute 0%. Pursuant to IRS Code Section 414 (h) • (2), these payments shall be made on a pre-tax basis. 33.3 Tier Three: For employees hired on or after January 1, 2013 and classified as "new" members of CaIPERS as defined by Public Employees Pension Reform Act (PEPRA), the City shall maintain a contract with CaIPERS for the provision of a 2% @ 62 (highest 36 months) retirement benefit formula. Also pursuant to PEPRA, these employees and the City are each responsible for paying one-half of the normal cost of this retirement plan. 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 - Equipment 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. These rules shall provide for, but not be limited to, tool inventories, audit of tool inventories, restrictions on removal of tools from the automotive shop and requirements for the proper safeguarding of tools by the employees, which includes securement and lock-up of tools at the end of each working period. 27