FY 2021 2122 ADOPTED OPERATING AND FY 2021 2526 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

% 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