Amend CalPERS contract to allow police and fire pension transfers

Labor & City WorkersPersonnel<UNKNOWN>

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.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Vice Mayor MarquezSeconded by: Councilmember Viramontes
Passed

7 to 0

BatesAye
ButtAye
Gayle McLaughlinAye
ThurmondAye
RogersAye
MarquezAye
SandhuAye

Community Discussion

This discussion was submitted to the City Clerk as part of the public record.

Comments are submitted to the Richmond City Clerk before the meeting. By commenting, you agree to have your name and comment included in the public record.