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PowerPoint 3D Presentation 2014 1201 Retirement Benefits Liabilities
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PowerPoint 3D Presentation 2014 1201 Retirement Benefits Liabilities
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12/2/2014 6:16:54 PM
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12/2/2014 6:16:42 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
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12/1/2014
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3D Presentation 2014 1201
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•Safety (Sworn) SLMO, SLPMA, and SLPOA: <br />•CalPERS Formula <br />•Tier 1 – Prior to January 1, 2013 <br />•3% at 50 (no early retirement age, <br />3% maximum benefit at 50) <br />•Tier 2 – January 1, 2013 and After <br />•2.7% at 57 (no early retirement age, <br />2.7% maximum benefit at 50) <br /> <br />7 <br />Post-Public Employees’ Pension Reform Act <br />Retirement Tiers
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