MEMORANDUM OF UNDERSTANDING WITH THE CULVER CITY POLICE MANAGEMENT GROUP JULY 1, 2025, THROUGH JUNE 30, 2028. - Flipbook - Page 26
ARTICLE FOUR
as required by Government Code Section 20678, which is currently nine
percent (9%) of eligible compensation.
B.
PERS BENEFIT PROVIDED BY GOVERNMENT CODE SECTION 20636
(c) (4)
Effective January 1, 2012, pursuant to Government Code section 20636 (c)
(4), the City shall continue to pay and begin reporting to CalPERS as
compensation earnable the monetary value of contributions, known as
“employer-paid member contributions”, paid by the City on behalf of each
unit employee.
In the event that legislation prohibits public agencies from paying any portion
of the employees’ required CalPERS member contribution and/or reporting
as compensation earnable to CalPERS the monetary value of employer-paid
member contributions such that members’ final compensation is augmented
by the value of the employer-paid member contributions, the parties agree
to concomitantly increase Supervisory and Management POST certificate
pays by 3% in lieu of City paying for such contributions and thus participating
in Government Code section 20636 (c) (4), terminating any cost sharing
pursuant to subparagraph D, below, and having all unit employees pay their
share of employees’ required CalPERS member contributions .
Unit employees hired after January 1, 2012 shall be responsible for the 9%
payment of the PERS member contribution rate and shall not be subject to
Government Code section 20636 (c) (4).
The City hereby adopts the provisions of IRC Section 414(h)(2). Any
payment or pick up of required member contributions set forth in this Section
shall be regarded as “pre-tax” in accordance therewith.
C.
CALPERS EMPLOYEE CONTRIBUTION FOR “NEW MEMBER”
EMPLOYEES HIRED ON OR AFTER JANUARY 1, 2013 AND DEFINED
AS SUCH IN ACCORDANCE WITH GOVERNMENT CODE SECTION
7522.04(f)
1.
Unit employees defined as new members by PEPRA are covered
under the 2.7% at age 57 retirement formula. New members shall be
PMG MOU 20222025-2025
Page 24
57222818.1/005528.00067
2028
