Amend CalPERS contract to make classic safety employees pay 2% more toward retirement

Labor & City WorkersContracts<UNKNOWN>

Resolution Ordinance No. 7-15 N.S.

In Plain English

The city currently covers most retirement costs for police and fire employees hired before 2013. If approved, these classic safety members pay an additional 2% of their salary toward their own pensions. This shifts retirement costs from taxpayers to employees.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: McLaughlinSeconded by: Vice Mayor Myrick
Passed

6 to 0

McLaughlinAye
MartinezAye
BecklesAye
BatesAye
MyrickAye
ButtAye