City May Rein in Pension Costs
New contracts for city workers are on the agenda at tonight's San Juan Capistrano City Council meeting.
EDITOR'S NOTE: Slight corrections to management pay increases, the current retirement formula (2.7 at 55) and the date by which all employees will be covering their own costs of retirement (July 1, 2013, not Jan. 1, 2013). City employees would get raises but also start paying their full share of retirement costs under new contracts coming before San Juan Capistrano's City Council on Tuesday. Overall, the proposed contracts would cost the city $81,005 for the three-year term. But the city expects longer-term savings on retirement costs, according to a staff report. City employees in two bargaining units have been operating without contracts since June. Negotiations began in November, the staff report says. Across California and the nation…
In this Article:
Kim
7:55 am on Friday, February 10, 2012
Does Mr. Brighton think Nielsen should receive a pension benefit for being on the City Council as stated above in his last sentence. Who has dementia, you better look into the mirror! more ›