Laserfiche WebLink
City of San Leandro <br /> Letter of Understanding <br /> Employer Paid Member Contributions (EPMC) <br /> To resolve a Ca1PERS audit finding, the parties are in agreement that City Manager will be grouped <br /> with the Assistant City Manager in a non-represented executive management group for the purposes of <br /> Employer Paid Member Contributions (EPMC). The City Manager would receive the same EPMC as <br /> specified in the Assistant City Manager's employment agreement for the period January 1, 2013 <br /> through December 31, 2017. <br /> City Manager City Assistant CM City <br /> Agreement Contribution Agreement Contribution <br /> 1/1/2013 0% 1/1/2013 7% <br /> 1/1/2014 0% 1/1/2014 6% <br /> 1/1/2015 0% 1/1/2015 4% <br /> 1/1/2016 0% 1/1/2016 2% <br /> 1/1/2017 0% 1/1/2017 0% <br /> It is understood and acknowledged that the City Manager has been paying his full employee <br /> contribution of 7%to PERS since his hire date of January 30, 2012. Grouping the City Manager and <br /> the Assistant City Manager together for retirement purposes results in reimbursement of employee paid <br /> member contributions to the City Manager of approximately$29,000. Upon receipt of the pay back net <br /> of all applicable State and Federal taxes,the City Manager will donate the entire amount to charitable <br /> organizations in the San Leandro community chosen at his discretion and prior to the termination of his <br /> employment. <br /> City tiger: <br /> Chris Za‘' <br /> a, ity Manager Date <br /> i 2//c/iS <br /> City of San Leandro: <br /> i /./.5"// ......_ <br /> 'auline Russo Cutter, Mayor Date <br /> ATTES1: <br /> Tamika Greenwood, City Clerk <br /> APPROVED AS TO FORM: <br /> Richard D. Pio Roda, City Attorney <br />