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Finance Highlights 2015 0616
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Finance Highlights 2015 0616
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9/2/2015 3:13:48 PM
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9/2/2015 11:51:03 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Committee Highlights
Document Date (6)
6/16/2015
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_CC Agenda 2015 0908 CS+RG
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\City Clerk\City Council\Agenda Packets\2015\Packet 2015 0908
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•Safety (Sworn), 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 (2% early retirement at age 50, <br />2.7% maximum benefit at 57) <br /> <br />10 <br />Post-Public Employees’ Pension Reform Act <br />Retirement Tiers (cont.)
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