Updated June, 2023 1
SUMMARY OF BENEFITS
ELECTED OFFICIALS
For the positions of Mayor and City Council Me mber, collectively referred to “Elected Officials” hereafter. Excerpts from relevant State statut es, City Ordinances, and City Council Resolutions are found in this document, and are organized alphabetically by subject matter.
ANNUAL PHYSICAL/WELLNESS:
Up to $450 may be provided for reimbursement to ward the cost of gym membership, an annual physical, or related out-of-pocke t medical expenses. An invoice(s) must be submitted from the medical provider or proof of gym membership to receive reimbursement.
Source: Resolution Nos. 2001-76, 2006-021
BENEFIT BANK:
Elected Officials are provided w ith a Benefit Bank for the purchas e of medical, dental and/or vision insurance for themselves and their eligible dependents. The Benefit Bank total will be equal to the premium cost of HMO medical (at th e rate equal to Kaiser ), dental and vision coverage for family co verage. Benefit Bank change will b ecome effective December 1, 2023.
The Benefit Bank amount will be adjusted when new rates become effective December 1, 2024.
Unused portions of the Benefit Bank will be paid out as earned.
Source: Resolution Nos. 85-54, 86-59, 87-83, 89-195, 91-102, 97-62, 98-40, 2000-47, 2000-69, 2001-76, 2004-22, 2005-08, 2006-21, 2007-49, 2013-46, 2015-54, 2019-50
COMPENSATION/STIPEND:
A stipend, is paid bi-weekly as follows:
Mayor - $1,534/month
Elected Official - $1,281/month
Source: Ordinance No. 2008-20
DEFERRED COMPENSATION PLAN:
A deferred compensation plan is available for contribution up to the maximum amount allowed each year by federal and state law. A contributi on of $700 is made into the City’s selected plan for each Elected Official each month.
Source: Resolution Nos. 2013-46
DEFINED CONTRIBUTION PLAN - 401(a):
This plan, offered in addition to the existing 457 Deferred Compensation Plan, allows Elected Officials to tax defer income beyond what is allowed in the 457 Pla n. Participation is voluntary.
The City contributes $1 per pay period per participating Elected Of ficial. Election to enroll in the 401(a) Plan is irrevocable.
Source: Resolution Nos. 2003-001, 2004-074
LIFE INSURANCE:
A total of $100,000 in life insurance coverage.
Source: Resolution Nos. 85-54, 87-83, 2000-47, 2000-69
Updated June, 2023 2
RETIREE HEALTH SAVINGS (RHS) PLAN:
Plan participation is suspended for any retired employee who works in the capacity of a Council Member.
RETIREMENT:
Retirement Plans – The City has a three-tier retirement plan as follows:
A. Employees hired before the contract ame ndment with CalPERS effective October 16, 2011 will continue to be eligible for the 2.7% at age 55 Plan, with the single highest year final compensation.
B. Employees hired on or after the contract amendment with CalPERS effective October 16, 2011 will be enrolled in the 2% at age 55 Plan, with a 3-year average final compensation.
C. Employees hired on or after January 1, 2013, will be enrolled in the 2% at age 62 (PEPRA) Plan, with a 3-year average final compensation.
Member Contribution to PERS
Members will contribute the employee rate of c ontributions each payroll. All employee paid contributions to CalPERS will be made on a pre-tax basis, in accordance with IRS section 414 (h)(2) and PERS guidelines:
A. 2.7% at 55, if hired before October 16, 2011:
1) Employee contribution rate – 8% of reportable compensation.
B. 2% at 55, if hired on or after October 16, 2011:
1) Employee contribution rate – 7% of reportable compensation.
C. 2% at age 62 (PEPRA) if entering CalPERS membership on or after January 1, 2013 1) Employee contribution rate – 7.25% of reportable compen sation (subject to change).
Fourth Level 1959 Survivor Benefit – The City will pay costs associated with this benefit.
Source: Resolution Nos. 1496, 85-54, 89-195, 91-102, 96-86, 97-62, 98-40, 98-50, 2000-47, 2000-69, 2006-021, 2011-30, 2015-054, California Public Elected Official Pension Reform Act of 2013 (PEPRA)
For Retired Annuitants
There is no requirement for a retired annuitant to contribute to a 457 Deferred Compensation Plan or to CalPERS.
SEPARATION FROM CITY:
Elected Officials will be provided a prorated por tion of the monthly stipend and Benefit Bank, based on the number of meetings attended during the month of separation.
VEHICLE ALLOWANCE:
A vehicle allowance of $500 per month is provided.
Source: Resolution Nos. 2008-52, 2013-46