Laserfiche WebLink
will no longer be available for use by transitioning employees. OCFA will provide a <br />report to the City within 30 days after April 14, 2017 (or within 30 days following <br />separation) detailing the hours remaining in each employee's leave bank. <br />With respect to the vacation and sick leave transferred to OCFA described in <br />subsections A through C, above, former SAFMA members shall be required first to use <br />their OCFA accrued vacation and sick leaves, respectively, before using the vacation or <br />sick leave which transferred from the City. On April 14, 2017, or such earlier date if the <br />former SAFMA member separates from OCFA, all remaining vacation and sick leave <br />which transferred to OCFA from the City shall be paid off by the City at the former <br />SAFMA member's regular rate of pay as of April 20, 2012. With respect to any leave <br />described in subsections 1 through 3 above which the City is paying off to employees as <br />a result of the transition to OCFA, it shall be paid to employees on the second payday <br />following the transition date. If that date is April 20, 2012, it shall be paid on May 20, <br />2012. <br />7. Fund 105: The City shall cease subsidy payments to retirees on or about March 16, 2012. <br />The City agrees to amend the existing contract with its current Retirement Health Savings <br />Plan ( "RHS ") vendor, "ICMA -RC ", to allow current SAFMA members and retirees to <br />participate in the "Vantage Care" RHS. SAFMA shall determine how the existing funds shall <br />be divided among its current members and retirees. All existing funds shall be deposited into <br />the RHS established specifically for SAFMA by April 16, 2012. <br />8. Transitioning Employees, New Hires and CaIPERS Retirement: The parties agree that <br />OCFA shall not offer employment to City personnel who retire from the City prior to April 20, <br />2012. However, the parties agree that employees are not precluded from transitioning to <br />OCFA and then retiring from CalPERS. OCERS has informed the City that transitioning <br />employees, and new hires who retire from CalPERS and then work under OCERS, start as <br />new employees under the OCERS system. Therefore, the parties acknowledge that their <br />mutual understanding is that City transitioning employees and new hires able to transition to <br />OCFA: 1) with full reciprocity elected, 2) with no reciprocity elected or 3) starting as a new <br />employee in OCERS and then retiring from CalPERS. <br />9. Health Insurance for the Month of May 2012: The parties acknowledge that by <br />transitioning to the OCFA on April 20, 2012, the City would be responsible to continue to <br />cover the SAFMA employees' health insurance through the month of May 2012 unless <br />otherwise agreed. The parties agree that since transitioning employees will be covered by <br />OCFA's health and welfare insurance plans effective May 1, 2012, the City need not cover <br />such employees for any health insurance (including medical, dental and vision insurance) <br />beyond April 30, 2012. As such, this agreement constitutes a clear waiver of the right to <br />city- sponsored health insurance coverage in May 2012 and beyond. All other health and <br />welfare benefit plans sponsored by the City (including dental, vision, life and AD &D, long- <br />term disability insurance and flexible spending plans) shall cease on April 30, 2012 per the <br />current contract provisions with each insurance provider, and notification of COBRA Election <br />Rights will be sent to all affected qualified beneficiaries. <br />4 <br />