Amend CalPERS contract to make classic safety employees pay 2% more toward retirement
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.
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5 related items found by meaning
Amend CalPERS contract to share 3% additional retirement costs with safety employees
Allow firefighters and police to contribute extra 1% toward retirement
Allow firefighters and police to pay extra 1% toward retirement benefits
Require firefighters and police to pay 1% more toward their pensions
Amend CalPERS contract to allow police and fire pension transfers
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