Retirement Information

The City contracts with the California Public Employees’ Retirement System.   The benefit levels are as follows:

CalPERS Retirement Formula’s

General Services (PCEA)

General Services (PCEA)
PBL

Mid Mgmt/Conf
(PMMCEA)

Police Sworn (PPOA)

Police Mgrs (PPMA)

Executive Mgmt
(Groups A&B)

Unrepresented,
Mid Management,
Library C-2

Hired prior to August 14, 2011

Hired prior to August 14, 2011

Hired prior to August 14, 2011

Hired prior to November 18, 2010

Hired prior to July 1, 2010

Hired prior to August 14, 2011

Hired prior to August 14, 2011

Local Miscellaneous 2%@55
FAS 1

Local Miscellaneous 2%@55
FAS 1

Local Miscellaneous 2%@55
FAS 1

Local Safety 3%@50
FAS 1

Local Safety 3%@50
FAS 1

Local Miscellaneous 2%@55
FAS 1

Local Miscellaneous 2%@55
FAS 1

Hired on or after August 14, 2011

Hired on or after August 14, 2011

Hired on or after August 14, 2011

Hired on or after November 19,  2010

Hired on or after November 19,  2010

Hired on or after August 14, 2011

Hired on or after August 14, 2011

Local Miscellaneous
2%@60 
FAS 3

Local Miscellaneous
2%@60 
FAS 3

Local Miscellaneous
2%@60 
FAS 3

Local Safety 3%@55
FAS 1

Local Safety 3%@55
FAS 1

Local Miscellaneous
2%@60 
FAS 3

Local Miscellaneous
2%@60 
FAS 3

FAS 3= Final Average 3 Year Salary   
FAS 1= Final Average 1 Year Salary

 

Member (Employee) Contribution Amounts

General Services
(PCEA)

General Services
(PCEA)
PBL

Mid Mgmt/Conf
(PMMCEA)

Police Sworn (PPOA)

Police Mgrs (PPMA)

Executive
Mgmt
(Groups A&B)

Unrepresented, Mid Management, Library C-2

City Pays 0%
Employee Pays 7%

Hired prior to August 14, 2011

City Pays 0%
Employee Pays 7%

Hired prior to September 12, 2011

Hired prior to July 1, 2011

City Pays 0%
Employee Pays 7%

Hired prior to July 31, 2011

 

City Pays 7%
Employee Pays 0%

 

City Pays 9%
Employee Pays 0%

City Pays 9%
Employee Pays 0%

 

City Pays 4%
Employee Pays 3%

Hired after    August 14, 2011

Hired on or after September 12,  2011

Hired after July 1,  2011

Hired after July 31, 2011

City Pays 0%
Employee Pays 7%

City Pays 0%
Employee Pays 9%

City Pays 0%
Employee Pays 9%

City Pays 0%
Employee Pays 7%

  Employer’s Contribution

The City also pays the Employer’s Contribution at a rate subject to change annually. With the exception of Police Sworn employees (PPOA) hired prior to August 1, 2010 who pay 1% of the Employer’s contribution, and Police Managers’ Association (PPMA) hired prior to July 1, 2011 who pay 9% of the Employer’s contribution.  

As a CalPERS member you will receive an annual statement from CalPERS mailed to your home during the month of November.  The statement covers the period of July 1 through June 30.

 

Retiree Health Insurance

The City pays a portion of your health insurance upon retirement.  Rates are subject to change annually.