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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />consecutive months as required by PEPRA. PERSable compensation will be determined in <br />accordance with PEPRA and regulations adopted by CalPERS. <br />For miscellaneous members, each member shall pay the full amount of the normal member <br />contribution. Any Executive Group member that established CalPERS membership prior to <br />the implementation of the PEPRA in connection with City employment or that otherwise <br />establishes "classic member" status, as defined in Section 579.1 of the California Code of <br />Regulations, shall be subject to one of the following pre-PEPRA retirement formulas <br />determined on the basis of their original date of hire: 2.7% at 55 or 2.5% at 55. The normal <br />member contribution applicable to members participating in these retirement formulas <br />continues to be eight percent (8%). Any Executive Group member that is considered a "new <br />member" as defined in PEPRA shall be subject to the PEPRA retirement formula for <br />miscellaneous members is a maximum of 2.5% at 67. The normal member contribution for <br />"new members" will be determined by CalPERS in accordance with PEPRA. <br />Section 2. Retirement — Employee Contributions. Effective the first pay period <br />following March 1, 2011, Executive Group employees shall pay the full amount of the <br />employee's contribution to PERS (currently, eight percent (8%) for "miscellaneous" members <br />and nine percent (9%) for "safety" members). <br />Section 3. Retirement — PERS Fourth Level Survivor Benefit. The City will <br />provide PERS 1959 Fourth Level Survivor benefits to all Executive Group miscellaneous <br />employees, as set forth in Sections 21571 - 21583 of the Government Code. <br />Section 4. Retirement — Retiree Medical. <br />A. Effective October 1, 2003, Executive Group employees who retire, <br />with either a service or disability retirement, from City employment <br />may, at the retiree's discretion, choose to enroll in any available City - <br />provided health insurance plan. Employees who retire shall be eligible <br />for City -paid medical insurance coverage until eligible for Medicare <br />based on the formula set forth below. Upon becoming eligible for <br />Medicare, the employee may maintain medical insurance with the City <br />by paying one hundred percent (100%) of his/her premium and any <br />related spouse or dependent* premium. If the retiree is ineligible for <br />Medicare benefits, the City will continue to pay the premiums under <br />the formula set forth below, provided the employee remains eligible for <br />coverage under the City -provided health insurance plan. The retiree is <br />responsible for any portion of the health care premium (including any <br />applicable spouse or dependent coverage) not covered by this formula. <br />Participation in any health insurance plan, whether at the City's or the <br />employee's expense, is subject to any rules and conditions imposed by <br />the carrier, as well as contingent upon the carrier's approving the <br />enrollment of the retiree and any applicable spouse or dependent. <br />Further, the retiree, spouse or dependent shall be financially responsible <br />Resolution No. R-106-14 <br />Page 5 of 15 <br />