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<br /> <br /> <br />EVERETT POLICE OFFICERS ASSOCIATION <br />PAGE 17 <br /> <br /> <br />Police Officer 03-021 9,218 10,094 12,082 <br />Sergeant 03-012 15,108 <br /> <br />11.4 Pension Fund. <br /> <br /> Effective the first pay period following ratification of the Agreement, in lieu of <br />FICA contributions, the City will contribute into a City-sponsored Section 457 <br />Deferred Compensation Program for each bargaining unit member. New <br />employees will begin receiving the deferred earned compensation in the pay <br />period following completion of the enrollment process. Effective January 1, <br />2026, the City’s monthly contribution to the Deferred Compensation Program will <br />be 6% of a First-Class Officer’s base pay. <br /> <br /> The deferred compensation is separate pay and is not part of the base monthly <br />salary as codified in the City of Everett Basic Salary Schedule Ordinance. The <br />provision is subject to the City’s deferred compensation rules and regulations <br />adopted by City Council and IRS regulations, and the computation of retirement <br />contributions and pension benefits shall be governed by applicable state law. Per <br />RCW 41.26.030, employees in a leave without pay status will not be considered <br />as receiving basic salary and will not be eligible for a contribution to their Section <br />457 deferred contribution program. <br /> <br /> Employees who exceed the IRS annual contribution maximum prior to the final <br />contribution in the last pay period of the year will forfeit any City contribution <br />that exceeds the allowable contribution maximum prior to year end. <br /> <br /> New employees will begin receiving the pre-taxed deferred earned compensation <br />in the pay period following enrollment process completion. <br /> <br /> <br />11.5 Lateral Step Placement. <br /> <br />11.5.1 A lateral hire who has had cumulative commissioned police officer service as <br />recognized by the Washington Criminal Justice Training Commission will be <br />placed in the classification range consistent with their total years of service as a <br />commissioned police officer. The step placement will be calculated upon their <br />years of cumulative police officer service. The employee needs to provide the <br />City with proof of the years of service as a commissioned police officer. Upon <br />approval by Human Resources, the officer will be placed in the appropriate <br />classification range upon hire. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />