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Successor agency adopts CalPERS retirement and health contracts to continue benefits
Summary
OCII adopted resolutions to enter into CalPERS retirement and health contracts that continue benefits previously provided by the San Francisco Redevelopment Agency; staff said the change is administrative and will not alter benefit levels or costs for employees and retirees.
The Successor Agency to the San Francisco Redevelopment Agency on Oct. 18 approved two resolutions authorizing the agency to enter into contracts with the California Public Employees’ Retirement System (CalPERS) for retirement benefits and for health benefits for employees and retirees formerly covered by the redevelopment agency.
Deputy Director of Finance and Administration…
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