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Section 6: Provisions Covering Regular Part-time Employees <br />All sections of this MOU apply to employees in full-time and <br />regular part-time positions unless specifically restricted to regular <br />full-time employees. <br />ARTICLE II: COMPENSATION <br />Section 1: <br />Salary <br />All employees shall receive a base salary as set forth in the Pay <br />and Classification Plan for the City of Colton. <br />Section 2: Retirement <br />A. Full -Time Employees <br />The City will pay the employees' contribution of seven percent to <br />the Public Employees' Retirement System (P.E.R.S.) and provide <br />retirement benefits as currently specified under the City's contract <br />with P.E.R.S. All such contributions shall be deposited in the <br />Member's Retirement Account. Other benefits provided include: <br />1. 2% at age 60 formula <br />2. One year final compensation <br />3. Military buyback <br />In addition, employees may choose to have their sick leave <br />and/or vacation time accrued during their final year of employment <br />converted to salary on a prospective basis in the form of a written <br />request to the Finance Department. In like manner, they may choose <br />to receive the employee's contribution as salary during their final <br />year of employment. Such employee would then be responsible for <br />paying their employee contribution. The effective date may be <br />delayed if lengthy P.E.R.S. contract amendment procedures are <br />necessary. This provision is based on the City obtaining written <br />confirmation from P.E.R.S. that these options are still available <br />to P.E.R.S. employees. <br />B. Part -Time Employees <br />The City and regular part-time employees shall each contribute <br />3.75% of salary to a deferred compensation plan to comply with the <br />federal Omnibus Reconciliation Act of 1990. <br />GEN MOU - 1993 <br />GRJ:KD 062493 -� - <br />