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<br /> <br />made by the employee purchasing any voluntary short-term disability insurance shall be <br />made on an after-tax basis. <br /> <br />Section 17. Retirement Plan - Three-tier System <br /> <br />The City shall, for full-time and qualifying part-time confidential staff, contribute to the California <br />Public Employees' Retirement System (CalPERS) each pay period a portion of the employees’ <br />contribution rate as established by law, equal to that percentage of the employees’ <br />"compensation" as that term is administered by the Board of Administration of CalPERS, for the <br />purpose of computing final compensation. Such contributions shall be reported to CalPERS as <br />follows: <br /> <br />17.1 Tier One: For confidential employees hired by the City prior to May 6, 2010, the City shall <br />maintain a contract with CalPERS for the provision of a 2.5% @ 55 (highest 12 months) <br />retirement benefit formula. <br /> <br />These plans shall contain the following options: <br /> <br /> Remarriage post-survivor allowance continuance <br /> Credit for unused sick leave option <br /> Military service credit option <br /> <br />Employees shall pay the 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 />17.2 Tier Two: For confidential employees hired by the City after May 6, 2010 and classified as <br />“classic” CalPERS members as defined by Public Employees Pension Reform Act <br />(PEPRA), the City shall maintain a contract with CalPERS for the provision of a 2% @ 55 <br />(highest 36 months) retirement benefit formula pursuant to CalPERS requirements. Such <br />plan will also contain the three optional benefits listed above. <br /> <br />Employees shall pay the 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 />17.3 Tier Three: For confidential employees hired on or after January 1, 2013 and classified as <br />“new” members of CalPERS as defined by Public Employees Pension Reform Act <br />(PEPRA), the City shall maintain a contract with CalPERS for the provision of a 2% @ 62 <br />(highest 36 months) retirement benefit formula. Also pursuant to PEPRA, these employees <br />are responsible for paying one-half of the normal cost of this retirement plan. <br /> <br />Section 18. Catastrophic Illness Leave <br /> <br /> The objective of this section is to complement the City's wellness program for employees by <br />improving health benefits in instances of catastrophic illness, and thereby aid employees to <br />do better work. <br /> <br /> A minimum of one (1) year must elapse following the termination of the catastrophic illness <br />leave before an employee may be permitted further catastrophic illness leave. However, if <br />subsequent catastrophic illness occurs within a year following the termination of the <br />previous catastrophic illness leave, an employee may be permitted to use whatever <br />16 <br />SL Confidential EE Comp Plan 15-20 final