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Rules committee advances ordinance to count judges' compensation toward city retirement benefits
Summary
The committee forwarded an ordinance to update the definition of 'final compensation' so that pay earned under the Judge's Retirement System can be considered when calculating San Francisco retirement benefits; Retirement Director Jay Huish said the fiscal impact would be minor and affect a small number of current employees.
SAN FRANCISCO — The Rules Committee on Thursday advanced to the full Board an ordinance amending the administrative code to update the definition of "final compensation" for purposes of San Francisco Employees' Retirement System benefits so compensation earnable under the Judge's Retirement System (JRS) and JRS 2 is included in calculations.
Supervisor Malia Cohen, sponsor of the ordinance, said the measure is intended to fix an outdated definition so that reciprocity is…
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