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CONTRACT 5759A - PERM Amendment CLOSEDAgreement No. 5759A SIDE LETTER AGREEMENT BETWEEN THE CITY OF EL SEGUNDO AND THE EL SEGUNDO SUPERVISORY AND PROFESSIONAL EMPLOYEES ASSOCIATION This Side letter of Agreement ("Agreement") between the City of El Segundo ("City") and the El Segundo Supervisory and Professional Employees Association ("SPEA") (hereinafter referred to as the "Parties") is entered into with respect to the following: WHEREAS, the Parties are currently parties to a Memorandum of Understanding ("MOU") with a term of October 1, 2018 through September 30, 2022; and WHEREAS, the MOU provides that "effective on the first day of the first full pay - period in September 2021, miscellaneous employees defined as "classic" members by the California Pension Reform Act of2013'(AB340) agree to pay an additional one percent (1 %) for a total required employee contribution of eight percent (8%) (pre-tax) of compensation" (2018-2022 SPEA MOU, Art. IV, Sec. 1, Subd. (e); Para. i.); WHEREAS, the City did not start the withholding in September 2021 or withhold the agreed upon amount from "classic" members during the term of the MOU; and WHEREAS, the Parties are interested in starting the withholding while they negotiate a successor MOU. WHEREAS, the following sets forth the Parties' Agreement: Within two (2) weeks of the City Council adopting the resolution approving this side letter, the City will send an executed copy of this side- letter to the California Public Employmees' Retirement System ("CaIPERS") requesting an amendment to the City's contract with CaIPERS in order for the contract to reflect that the additional one percent (1 %) that the City is providing to CaIPERS is a contribution by members, not the City; As soon as is practicable following the City's receipt of "Resolution of Intention Packet" from CaIPERS, SPEA will conduct an election of the "classic" members in the bargaining unit. As soon as is practicable following the completion of the election, the City will submit to the City Council a resolution authorizing the contract amendment. As soon as is practicable following the City Council's vote on the resolution, the City will submit to CaIPERS the forms necessary for CaIPERS to review and approve the proposed contract amendment; In the first full pay period following the City's submission to CaIPERS of the forms necessary for CaIPERS to review and approve the proposed contract amendment, the City will deduct from each "classic" member's compensation earnable an additional one percent (1%). Until such time as CaIPERS approves the contract amendment, this additional one percent (1 %) will constitute an employer contribution; 10362972.2 ELM-137.1/31/23 Agreement No. 5759A When CaIPERS approves the contract amendment, the City will notify SPEA and will change how the City reports the contributions to CaIPERS such that SPEA members receive credit for the additional one percent (1 %) as a member contribution; and The following language shall replace the language provided at Article IV Section 1 Subdivision (e) Paragraph L of the 2018-2022 MOU between the City and SPEA, and shall be incorporated into the successor MOU between the City and SPEA: Effective the first pay period following the City's submission to CaIPERS of the forms necessary in order for CaIPERS to review and approve a proposed amendment to the City's contract with CaIPERS, and pursuant to Government Code section 20516, subdivision (f), employees who are considered to be "classic members" (/.e., all employees that do not qualify as "new" members under the Public Employees' Pension Reform Act of 2013 ("PEPRA")) shall contribute an additional one percent (1%) of their compensation earnable toward the employer's required contribution to the California Public Employees' Retirement System ("CaIPERS") for retirement benefits. The one percent (1%) contribution by "classic members" shall be made via payroll deductions and shall be administered by the City. As a result of the additional contribution, the total withholding for employees who qualify as "classic members" shall increase from the current seven percent (7%) statutory member contribution to eight percent (8%), which shall include the one percent (1%) cost -sharing amount. The City shall continue such withholding pursuant to Government Code section 20516, subdivision (f), until such time as the City amends its contract with CaIPERS, at which time the employee contribution rate shall be governed by the terms of that contract, 10362972.2 EL140-137 -1131/23 Agreement No. 5759A FOR THE CITY OF EL SEGUNDO Darrell George, City Manager Date --1 1- C 2 6 3 Rebecca Redyk, Director of Human Resources Date exander Volbepkffig, Date Labor Negotiato FOR THE EL SEGUNDO SUPERVISORY AND PROFESSIONAL EMPLOYEES ASS I TION LaToUya Fair, President Date Mari"erritu, `Treasurer Anhonyt�s arza, Vice President #2 R D96aao, Vice President #1 Eva Gettler, ecr to Vicky B rker Labor Negotiator 10362972.2 E1.140-137-1/31/23 Date Date Date 211� d;?1 Date 02/09/2023 Date