Page 7 - Rialto DD Finance

■ Compensation and Benefits
The compensation for the Deputy Director of Finance is $101 109 72- $135 496 80
annually The City also offers an attractive benefit package that includes:
» Retirement: CalPERS CalPERS 2 2 2 7% @ @ 55 plan plan (single highest highest year) for qualified “classic” members members as as defined by CalPERS CalPERS with with 8% 8% Employee Employee Cost Cost 2% @ @ 62 plan plan (highest three years) for new members members with with 8% 8% Employee Employee Cost The City does not participate in Social Security except for the Medicare portion (1 45%) » Retiree Medical Plan: If employee employee retires from City employment employee employee shall retain as as as a a a a a a a a a a a a a a a a retiree retiree all all current CalPERS CalPERS Health benefits Employee as as as a a a a a a a a a a a a a a a a retiree retiree and dependents must meet the definition of “annuitant” as as as defined by CalPERS CalPERS » Deferred Compensation (401A) Plan: City contributions of $400 per month
» Medical/Dental: $1 300 City City paid monthly benefit benefit towards medical/dental/vision Additionally the City City offers $200/month in lieu o of benefits » Life Insurance/ADD and Long-Term Disability: $150 000 life insurance policy for employee with City paid benefits » Educational Incentive: 7 5% for Master’s degree » Tuition Reimbursement: $2 500 per fiscal year » Administrative leave: 120 hours per fiscal year » Holidays: 12 paid holidays annually » Vacation: Varies based upon upon years years of of of service service 80
80
hours hours hours awarded upon upon completion of of of of 365 days (2080 hours) Annual Annual accrual accrual for 1 – 4 years years years of of of of service service service is 6 6 00 hours hours hours / pay period Annual Annual accrual accrual rate increases based upon years years of of of service service » Sick Leave: 120 hours annually » Cash-Out Provision: 210 hours of of cash-out annually (combination of of vacation and/or sick time)