City of Morgan Hill Fiscal Years 2020- 2022 Recommended Operating and CIP Budgets

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 equally share any annual increases to the City’s retirement (CalPERS) contribution rates. The chart below shows the CalPERS’ employer’s required contribution rates and employee’s share of employer rates:

70%

60%

14%

14%

13%

12%

50%

10%

8%

6%

40%

4%

30%

7%

7%

6%

6%

5%

47%

46%

46%

45%

4%

43%

3%

41%

20%

39%

2%

37%

2%

1%

1%

1%

1%

1%

1%

0%

23%

23%

23%

22%

21%

10%

20%

19%

18%

13%

13%

13%

13%

13%

13%

12%

12%

0%

FY17‐18*                FY18‐19*                 FY19‐20                   FY20‐21                  FY21‐22                 FY22‐23                    FY23‐24                  FY24‐25 *Actual

 % Misc % Safety

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

 % Safety PEPRA

324 SPECIAL ANALYSIS