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<br /> <br /> Remarriage post-survivor allowance continuance <br /> Credit for unused sick leave option <br /> Military service credit option <br /> <br />Tier One employees shall pay 8% of the employee contribution pursuant to IRS Code Section <br />414 (h) (2), these payments shall be made on a pre-tax basis. <br /> <br />33.2 Tier Two: For “classic” CalPERS members hired on or after May 6, 2010, the City shall <br />maintain a contract with CalPERS for the provision of a 2% @ 55 (highest 36 months) <br />retirement benefit formula pursuant to CalPERS requirements. Such plan will also contain the <br />three optional benefits listed above. <br /> <br />33.2.1 <br />33.2.1.1 <br /> <br />Tier Two employees shall pay 7% of the employee contribution pursuant to IRS Code Section <br />414 (h) (2), these payments shall be made on a pre-tax basis. <br /> <br />33.3 Tier Three: For employees hired on or after January 1, 2013 and classified as “new” members <br />of CalPERS as defined by Public Employees Pension Reform Act (PEPRA), the City shall <br />maintain a contract with CalPERS for the provision of a 2% @ 62 (highest 36 months) <br />retirement benefit formula. Also pursuant to PEPRA, these employees and the City are each <br />responsible for paying one-half of the normal cost of this retirement plan. <br /> <br />Section 34. Transfer <br /> <br /> For the purpose of employee transfers as defined in Personnel Rules, the classifications of <br />Street Maintenance Worker, Facilities Maintenance Worker and Park Maintenance Worker <br />shall be interpreted as comparable classifications. An employee so transferred shall be paid in <br />accordance with classification to which such employee is transferred. <br /> <br />Section 35. Tools - Equipment Section <br /> <br /> The City shall provide tool insurance to cover the reasonable value of the hand tools furnished <br />by employees in the Automotive Mechanic and Equipment Mechanic classifications against <br />loss in excess of sixty dollars ($60.00) per occurrence arising from theft or catastrophic damage. <br />It is understood that the City may institute reasonable rules for the purpose of limiting claims <br />under this tool insurance. <br /> <br /> These rules shall provide for, but not be limited to, tool inventories, audit of tool inventories, <br />restrictions on removal of tools from the automotive shop and requirements for the proper <br />safeguarding of tools by the employees, which includes securement and lock-up of tools at the <br />end of each working period. <br /> <br /> For the period of this Memorandum of Understanding, employees regularly assigned to the <br />Public Works Equipment Section, who are required to provide and use their own tools shall be <br />reimbursed by the City for broken, worn out, and/or technologically obsolete tools, to a <br />maximum of four hundred dollars ($400.00) per fiscal year. Such reimbursement shall be paid <br />once each fiscal year only upon submission of acceptable justification and receipts to the Public <br />Works Services Director. <br />29