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File Number: 13-472 <br />2015. <br />PERS: For employees in Tier One : <br />·Effective October 1, 2013, employees shall commence paying 3% of the <br />employee contribution and the City shall contribute 5%. Effective July 1, <br />2014, employees shall commence paying 6% of the employee contribution <br />and the City shall contribute 2%. Effective July 1, 2015, employees shall <br />commence paying 8% of the employee contribution and the City shall <br />contribute 0%. <br />For employees in Tier Two: <br />·Effective October 1, 2013, employees shall commence paying 3% of the <br />employee contribution and the City shall contribute 4%. Effective July 1, <br />2014, employees shall commence paying 6% of the employee contribution <br />and the City shall contribute 1%. Effective July 1, 2015, employees shall <br />commence paying 7% of the employee contribution and the City shall <br />contribute 0%. <br />For employees in Tier Three: <br />·Pursuant to the Public Employees’ Pension Reform Act of 2013, employees <br />hired after January 1, 2013 depending on previous California public agency <br />employment are subject to specific pension formulas and employee <br />contributions. <br />Benefits:The City’s contributions to the medical plans in 2013, based on the 2012 Kaiser <br />medical insurance premium, are as follows: <br />Level City Cost <br />Employee $ 610.44 <br />2-party $1,220.88 <br />Family $1,587.14 <br />Employees will pay 50% of premium increases in 2014 and 2015. For the term <br />of this agreement Opt-out premiums remain unchanged from previous MOU. <br />Previous Action <br />·On December 20, 2010, by Resolution No. 2010-158, the City Council approved the last <br />MOU, for the period January 1, 2011 through December 31, 2012. <br />Fiscal Impacts <br />The agreement is effective January 1, 2013 and will cost the City of San Leandro <br />approximately $146,478 in the first year (2013-14) with a 3.5% wage increase and 3% <br />employee contribution towards PERS. It will cost approximately $241,869 in the second year <br />(2014-15) with a 3.5% wage increase and 3% employee contribution towards PERS. Although <br />the agreement expires on December 31, 2015, the projected cost in year 2015-16 is <br />approximately $367,231 with a 3% wage increase and 2% employee contribution towards <br />PERS. The total cost over three fiscal years is approximately $755,578. <br />Page 2 City of San Leandro Printed on 10/2/2013