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Council introduces ordinance to amend CalPERS contract and reduce select employee cost shares
Summary
Council introduced an ordinance and adopted a resolution of intention to amend the city's CalPERS contract to implement previously approved reductions in unrepresented employee cost‑sharing (certain groups from 6% to 0% and police exec management from 9% to 3%); the ordinance return for final adoption at a later meeting.
Human Resources presented an item to adopt a resolution of intention and waive first reading to introduce an ordinance amending the city's contract with the California Public Employees' Retirement System (CalPERS). The change implements earlier council decisions to reduce cost‑sharing for specified unrepresented groups (for example, several confidential and executive groups from 6% to 0% and police executive management from 9% to 3%).
Staff said sufficient funding exists within the adopted budget and that council will be asked at its Sept. 2 meeting to waive second reading and adopt the ordinance to finalize the contract amendment. There were no public comments on the item and the council motion to introduce the ordinance passed.
