CalPERS Reporting. The parties agree that to the extent permitted by law, the value of the compensation for Management Incentive Pay for Sergeants is special compensation and shall be reported as such to CalPERS pursuant to Title 2 CCR, Section 571(a)(4) – Incentive Pay. Management Incentive Pay for Sergeants shall be reported to CalPERS periodically when earned, on a per pay period basis. However, the City makes no representations or guarantees whatsoever with respect to whether CalPERS shall include said Management Incentive Pay as compensation for purposes of benefit determination and CalPERS shall make the sole determination as to inclusion. Management Incentive Pay is not reportable for “new members” of CalPERS as defined by Government Code Section 7522,04(f).
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Sources: Memorandum of Understanding, Comprehensive Memorandum of Understanding, Memorandum of Understanding