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1 RiversideCA.gov
1 RiversideCA.gov
AMENDMENT TO THE CONTRACT
BETWEEN CALPERS AND THE CITY OF
RIVERSIDE
City Council
October 10, 2023
Human Resources Department
RiversideCA.gov
2 • The process of enacting Section 20516 (Cost Share) changes to the City’s contract with CalPERS for Fire and Unrepresented Police Safety members is initiated by the adoption of a Resolution of Intention and introduction of an Ordinance • The contract amendment will impl ement cost-sharing provisions as written in the Memoranda of Un derstanding with Fire and the Fringe Benefits and Salary Plan for Unrepresented Police Safety members
BACKGROUND
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2 RiversideCA.gov
3 • T h e s ec h a n g e si m p a c tT i e r2e m p l o y e e si nt h eF i r eu n i t s–F i r e and Fire Management; and,
• Tier 1 employees in the Unrepresented Police Management Group: Police Chief and Deputy Police Chiefs
• Currently these groups pay the following portion of the CalPERS costs
BACKGROUND
Unrepresented Police Management – Tier 1
Employees
Fire and Fire Management – Tier 2 Employees
Employee pays 5.5% of the Employer PortionEmployee pays 0% of the Employer Portion The City pays the employee share of 9% (EPMC)The Employee pays the employee share of 9% RiversideCA.gov
4 Fire & Fire Management employees in Tier 2 have agreed to the following cost-sharing provisions per their respective MOUs • As soon as administratively possible after July 1, 2023, to pay 1% of pensionable income for a total of 1% of the employer contribution As outlined in the Fringe Benefits and Salary Plan, Unrepresented Police Management employees in Tier 1 have agreed to following CalPERS cost-sharing provisions:
• As soon as administratively possible after July 1, 2023, to pay 1% of pensionable income for a total of 6.5% of the employer contribution
COST SHARING PROVISIONS
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3 RiversideCA.gov
5 The cost-sharing provisions for all Fire Tier 2 and
Unrepresented Police Management Tier 1 employees will
be effective December 8, 2023, consistent with the
effective date of the CalPERS Contract Amendment.
EFFECTIVE DATE
Unrepresented Police Management – Tier 1
Employees
Fire and Fire Management – Tier 2 Employees
Employee pays 6.5% of the Employer PortionEmployee pays 1% of the Employer Portion RiversideCA.gov
6 1. Approve the Resolution of Intention to amend the contract between CalPERS and the City of Riverside to implement a cost-sharing provision of 1% for all Tier 2 Fire employees and
6.5% for Unrepresented Police Management employees.
2. Introduce and subsequently adopt the Ordinance to amend the contract between CalPERS and the City of Riverside to implement a retirement cost-sharing provision of 1% for all Tier 2 Fire employees and 6.5% for Unrepresented Police
Management employees.
RECOMMENDATION
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