Amend CalPERS contract to allow police and fire pension transfers
Labor & City WorkersPersonnel<UNKNOWN>Ordinance
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
Motion · Official minutes
Approve consent calendar
Passed
7 aye · 0 nay
BBMGMRST
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