(A) The District will implement the provisions of I.R.C. § 414(h)(2) by making employee contributions pursuant to Cal. Gov’t Code, § 20691 to the public employees’ retirement system on behalf of its employees who are members of the public employees retirement system. EMPLOYEE CONTRIBUTIONS shall mean those contributions to the public employees’ retirement system which are deducted from the salary of employees and are credited to individual employee’s accounts, pursuant to Cal. Gov’t Code, § 20691.
(B) The contributions made by the District to the public employees’ retirement system, although designated as employee contributions, are being paid by the District in lieu of contributions by the employees who are members of the public employees’ retirement system.
(C) Employees shall not have the option of choosing to receive the contributed amounts directly instead of having them paid by the District to the public employees’ retirement system.
(D) The District shall pay to the public employees’ retirement system the contributions designated as employee contributions from the same source of funds as used in paying salary.
(E) The amount of the contributions designated as employee contributions and paid by the District to the public employees’ retirement system on behalf of an employee shall be the entire contribution required of the employee by the public employees’ retirement law (Cal. Gov’t Code, §§ 20000 et seq.).
(F) The contributions designated as employee contributions made by the District to the public employees’ retirement system shall be treated for all purposes, other than taxation, in the same way that member contributions are treated by the public employees’ retirement system.
(Res. 2005-17, passed 11-17-2005)
Editor’s Note:
This information is no longer true because the employees pay their portion and the District no longer pays for the employee