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Calabasas council introduces ordinance to allow two-year CalPERS service-credit retirement incentive
Summary
The Calabasas City Council introduced Ordinance No. 2026-421 to amend the city—ontract with the Board of Administration of the California Public Employees Retirement System, allowing a two-year additional service-credit incentive for eligible, vested employees; the measure passed introduction unanimously and will return for a second reading Feb. 11.
The Calabasas City Council on Jan. 14 unanimously introduced an ordinance to amend the city—ontract with the Board of Administration of the California Public Employees Retirement System (CalPERS) to permit eligible employees to receive up to two years of additional service credit upon retirement.
Chief Financial Officer Roners told the council the amendment would be implemented in two formal steps: a resolution of intention and the ordinancefirst reading now on the table, followed by a second reading Feb. 11. "The amendment proposed is to allow for a two-year additional service creditthis service credit is to reduce the total full-time position count of the city of Calabasas by offering two years worth of time in CalPERS to eligible employees," Roners said.
Under the proposal, eligible employees would include classic…
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