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RES 19-1061
City of Pleasanton
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RES 19-1061
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1/30/2019 2:56:17 PM
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1/30/2019 2:56:11 PM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
1/15/2019
DESTRUCT DATE
PERMANENT
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For all service retirements the formula accelerates beginning with 10 years of <br /> service as illustrated below: <br /> Years of Service City's Contribution <br /> 10 75% <br /> 15 80% <br /> 20 90% <br /> 25+ years of service 100% <br /> In accordance with the Public Employees' Pension Reform Act of 2013 <br /> (PEPRA), employees hired on/after January 1, 2013 and considered "new <br /> members" by CaIPERS will have a vesting schedule equal to the vesting <br /> schedule of miscellaneous employees. <br /> 2. Disability Retirement <br /> For all employees who are hired on or after January 21, 2009 and retire via a <br /> disability retirement, the City shall pay a percentage of the City's monthly <br /> contribution toward the premium for single coverage in accordance with the <br /> schedule set forth below: <br /> Years of Service City's Contribution <br /> 10 20% <br /> 11 25% <br /> 12 30% <br /> 13 35% <br /> 14 40% <br /> 15 45% <br /> 16 48% <br /> 17 51% <br /> 18 54% <br /> 19 57% <br /> Page 12 of 44 <br />
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