4.04.100 Employer Contributions for Provo City Employee Retirement Programs.
The following shall apply only to Provo City employees eligible to participate in the Utah Retirement System as defined in Title 49 of the Utah Code and elected officials:
(1) Provo City shall contribute to the Utah Retirement System the required employer and employee defined benefit contributions for all employees defined as Tier I by the retirement system.
(2) Provo City shall contribute to the Utah Retirement System the required employer amount for all employees defined as Tier II by the retirement system.
(3) Provo City shall provide a matching contribution to employee’s 401(k) defined contribution plan with the Utah Retirement System as follows:
(a) The matching contribution by Provo City for a given pay period shall be equal to two percent (2%) of the employee’s earnings in that pay period or the amount of the eligible contribution made by the employee for that pay period, whichever is less.
(b) All matching contributions shall be based on an employee’s earned base wages as set out in the Pay Range Table or as established in Section 4.04.110(1), Provo City Code, plus any eligible longevity and/or specialist pay, but shall not include any other earnings, payments, or reimbursements.
(c) Matching contributions shall commence with the pay period beginning June 26, 2011, for employees and elected officials hired or elected before July 1, 2011. For elected officials, the Chief Administrative Officer and appointed department directors as designated in Section 4.02.010(3), Provo City Code, who take office or are appointed on or after July 1, 2011, matching contributions shall commence with the pay period in which they take office or are appointed to the position. Except as otherwise provided herein, for employees who are appointed, hired, or rehired on or after July 1, 2011, matching contributions shall commence with the first pay period after the employee has completed any required probationary period or one (1) year of service from the time of their appointment, hire, or rehire, whichever is longer.
(d) An employee drawing a pension from the Utah Retirement System is not eligible for a City contribution.
(e) All other defined contribution plan provisions are governed by the applicable Utah Retirement System defined contribution plan and Title 49 of the Utah Code.
(4) Employees that qualify for, and exempt out of, the Tier I retirement system may receive a contribution equivalent to the Tier I required employer and employee defined benefit contributions. Any such contribution shall be made to a defined contribution plan approved by Provo City.
(5) Provo City may also make other retirement related contributions as permitted and/or required by State or Federal law.
(6) For purposes of participation eligibility in the Utah Retirement System, the Mayor shall be certified as a full-time elected official, and the members of the Municipal Council shall be certified as part-time elected officials, and contributions to that system shall be made in accordance with the Utah State Retirement and Insurance Benefit Act.