FY 2018-19 and 2019-20 Adopted Operating and CIP Budget
Public Employees Retirement System (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’ employers 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
% Misc
% Misc Employee Share of Employer Rate % Safety Employee Share of Employer Rate % Safety PEPRA Employee Share of Employer Rate
*Actual
% Safety
% Safety PEPRA
328 SPECIAL ANALYSIS
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