Adopted Budget (Final Document)

PERS (continued) As a result of the 2013 labor negotiations and the Council adopted Management Resolution and Council-Appointed Officer contracts, all City employees now share any annual increases to the City’s retirement (CalPERS) contribution rates. Effective FY 2022-23, all City employees contribute 6.12% of the Employer’s CalPERS contribution except new members (PEPRA) of the Public Safety which still share any annual increases to the Employer’s CalPERS contribution or approximately 1%. The chart below shows the CalPERS’ employer’s required contribution rates for normal cost and employee’s share of employer rates:

30%

25%

6%

6%

6%

6%

6%

6%

6%

6%

20%

15%

1%

1%

1%

2%

1%

1%

1%

2%

10%

4%

18%

18%

18%

18%

18%

18%

18%

18%

5%

6%

6%

6%

6%

6%

6%

12%

12%

12%

12%

12%

12%

11%

11%

5%

7%

6%

5%

5%

5%

4%

4%

4%

0%

FY20 ‐ 21*

FY21 ‐ 22*

FY22 ‐ 23*

FY23 ‐ 24*

FY24 ‐ 25

FY25 ‐ 26

FY26 ‐ 27

FY27 ‐ 28

% Misc

% Misc Employee Share of Employer Rate % Safety Employee Share of Employer Rate % Safety PEPRA Employee Share of Employer Rate

% Safety

% SafetyPEPRA

338 SPECIAL ANALYSIS