MEMORANDUM OF UNDERSTANDING WITH THE CULVER CITY POLICE MANAGEMENT GROUP JULY 1, 2025, THROUGH JUNE 30, 2028. - Flipbook - Page 13
ARTICLE TWO
Unit employees shall be paid bi-weekly, once every two (2) weeks, either
by paycheck or by direct deposit, as elected by the unit employee.
B.
MAIL UPON REQUEST
The City will, upon request, mail payroll checks for those employees who
expect to be away at the regular disbursing time.
IV.
RATES OF PAY
The salaried rates of pay for unit employees shall be based on an hourly rate
calculated to the nearest cent.
V.
VOLUNTARY 457 DEFERRED COMPENSATION PLAN
A.
VOLUNTARY 457 DEFERRED COMPENSATION PLAN
City agrees to provide a 457 deferred compensation plan as a benefit to
Police Management employees. The City shall also provide a 401(a) deferred
compensation plan to the Police Chief.
B.
1.
Plan specifications and details are determined pursuant to IRS
Code Sections 457 and 401 (a) and the organizations providing the
investment and savings program for such deferred compensation.
2.
Plan documents and participation rules are maintained by and
available from the Human Resources Department.
CITY CONTRIBUTION TO DEFERRED COMPENSATION
1.
The City's maximum contribution to deferred compensation shall be
one hundred twenty five dollars ($125.00) per pay period.
2.
The maximum City contribution shall only be paid to unit employees
contributing a minimum of seventy six dollars and twenty five cents
($76.25) per pay period.
3.
The City will contribute a dollar per dollar match for unit employees
that contribute less than seventy six dollars and twenty five cents
($76.25) per pay period.
PMG MOU 20222025-2025
Page 11
57222818.1/005528.00067
2028
