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1 RiversideCA.gov
1 RiversideCA.gov
CORRECTION AMENDMENT TO THE
CONTRACT BETWEEN CALPERS AND THE
CITY OF RIVERSIDE
Human Resources Department
City Council
April 5, 2022
RiversideCA.gov
2 • On October 2, 2021, the City Council adopted an Ordinance authorizing an amendment to the CalPERS contract to
implement a retirement cost-sharing provision of an additional 1% for all Tier 1 Fire members as specified in Fire and Fire Management Units Memoranda of Understanding (MOU)
• The contract amendment as provided by CalPERS should have included Tier 2 Fire members, which is defined by CalPERS as those members hired before June 11, 2011.
• A contract correction amendment is required by CalPERS to include Tier 1 and Tier 2 Fire members, which is what the MOUs define as Tier 1 members.
BACKGROUND
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3/22/2022
2 RiversideCA.gov
3 • As defined by CalPERS, Fire members are part of 2
different tiers per their hire date:
• Effective January 7, 2022, all Fire members in Tier 1and Tier 2 as defined by CalPERS pay a total of 8% of the
employer contribution
• The recently adopted contract amendment only
included Tier 1 members as defined by CalPERS.
BACKGROUND
Hire Date CalPERS Tier Level Riverside Fire MOU Tier
Hired prior to January 1, 1984 Tier 1T i e r 1
Hired prior to June 11, 2011 Tier 2T i e r 1
RiversideCA.gov
4 That the City Council approve a contract correction
amendment between CalPERS and the City of Riverside
for the implementation of a cost-sharing provision of an additional 1% for all Tier 1 and Tier 2 members as defined by CalPERS for Fire members for a total of 8%.
RECOMMENDATION
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