RETIREMENT
The California Public Employees' Pension Reform Act (PEPRA), which took effect in January 2013, changes the way CalPERS retirement and health benefits are applied, and places compensation limits on members. The greatest impact is felt by new CalPERS members.
As defined by the PEPRA, a new member includes:
- A member who joined CalPERS prior to January 1, 2013, who, on or after January 1, 2013, is hired by a different CalPERS employer following a break in service of more than six months.
- A new hire who joined CalPERS for the first time on or after January 1, 2013, and who has no prior membership in another California public retirement system.
- A new hire who joins CalPERS for the first time on or after January 1, 2013, and who was a member of another California public retirement system prior to that date, but who is not subject to reciprocity upon joining CalPERS.
All members who don't fall into the definitions above are considered classic members. Classic members will retain the existing benefit enrollment levels for future service with the same employer.
According to the Rialto Professional Firefighters Local 3688 Memorandum of Understanding, in addition to the monthly salary, the City offers:
RETIREMENT benefits are provided to City employees by the Public Employee’s Retirement System (PERS), at 2.7% at age 55 formula for classic PERS members and 2% at age 62 formula for new PERS members. Classic PERS employees pay 8% toward the employee portion and new PERS members pay 6.75% toward they employee portion.
CAFETERIA PLAN City’s contribution to the Cafeteria Plan is $1,950 to go towards the employee’s contributions for Health, Vision, and Dental insurance premiums for each employee of the unit.
LIFE INSURANCE provides a $70,000 double indemnity policy for employee plus dependent coverage ($10,000 for spouse and $5,000 dependent children)
MERIT RAISES may be received in the form of salary increases four times within or in four years with the attainment of satisfactory work performance.
BILINGUAL PAY is paid ($100 per pay period) to employees who successfully pass the bilingual proficiency examination for Spanish.
VACATION
40-hours/week employees hours per pay period:
0-1 Years 80 hours (end of probation)
1-4 Years 6 hours
5-10 Years 7.5 hours
11-16 Years 9.5 hours
17+ Years 10.5 hours