Amend CalPERS contract to allow police and fire pension transfers
In Plain English
The city operates its own pension plan for police officers and firefighters separate from the state CalPERS system. This change allows current members of the local pension plan to transfer their benefits to CalPERS if they choose. The transfer option gives employees more flexibility in managing their retirement benefits.
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Votes
Approve consent calendar
7 to 0
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5 related items found by meaning
Allow police and fire pension members to transfer to CalPERS
Amend CalPERS contract to make classic safety employees pay 2% more toward retirement
Require firefighters and police to pay 1% more toward their pensions
Amend CalPERS contract to share 3% additional retirement costs with safety employees
Allow firefighters and police to pay extra 1% toward retirement benefits
The Story So Far
9 prior discussions on this topic
Meet privately with union negotiators to discuss employee contracts
Approve new 3-year contract with firefighters union covering wages and benefits
Meet privately with union representatives to discuss employee contracts
Approve hiring temporary fire department supervisors and add other city positions
Receive presentation on Rent Board staffing levels and recruitment
Receive 4 February financial reports on investments, overtime costs, property taxes, and retirement benefits
Hold closed-session meeting to discuss contract negotiations with 6 employee unions
Receive monthly financial reports for January 2026
Receive monthly financial reports for December 2025