Retirement - CalPERS
CalPERS Classic Members (2.7 @ 55) - The current 8% employee contribution is paid by the employee.
New CalPERS members or previous CalPERS members with a break in service of 6 calendar months or greater (2% @ 62) – The current 7.75% employee contribution is paid by the employee. The employee contribution will change each fiscal year to be at least 50% of the normal cost rate as determined by PERS.
NOTE: Earnings from this job are not covered under Social Security. When you retire, you may receive a pension based on earnings from this job. For more information, go to https://www.ssa.gov/forms/ssa-1945.pdf (Download PDF reader)
Medical
The City's workers' compensation coverage is self-funded. Medical coverage for employees and eligible dependents is provided through REMIF (Blue Cross Plan). REMIF offers a regular plan and, if eligible, a high deductible health plan (HDHP) with a Health Savings Account (HSA). HSA plans allow employees to accrue funds from year to year in an HSA account that can be used to pay health insurance costs both now and after retirement. The annual deductibles for this plan are $1,650 for Employee Only and $3,300 for Employees with Dependent(s). The City will contribute the full applicable deductible to your HSA account each year. You can withdraw funds from this account to pay eligible health insurance costs, and/or you can accumulate funds in the account for future use. The HSA account funds belong to employees, and will remain yours after you leave City service. The City pays 80% of the health insurance premium; the remaining 20% is paid by the employee. Dental and Vision coverage is paid by the City. Note: There are specific requirements for continuing health insurance as a retiree.
Vacation
Vacation is accumulated at 1 day per month upon employment and increases with time in service. The maximum accrual is 44 days. Vacation buyback is available in increments of 40 hours at a time.
Sick Leave
Sick Leave is accrued at 1 day per month with no limit. A total of nine days of Family Sick Leave are allowed per fiscal year. Three of these days are deducted from a Family Sick Leave bank and six days are deducted from employee's accrued sick leave. An employee may be allowed Family Death Leave up to 3 days per incident. This is not accruable.
Executive Leave
Mid-Management, Management and Department Head employees receive Executive Leave (in lieu of overtime) on July 1st of each fiscal year.
Mid-Management and Management employees receive 6 days and Department Heads shall be credited with 9 days
Holidays
The City pays for 12 fixed holidays per year, in addition to 3 floating holidays.
Life Insurance
The City pays the premium on a $10,000 life insurance policy for Mid-Management and Management employees, and a $20,000 policy for Department Head positions. The City also pays the premium on a $1,000 policy for eligible dependent coverage.
Other Benefits
Other benefits include optional participation in deferred compensation plans, City-paid membership in an Employee Assistance Program (EAP) for the employee and eligible dependents, free membership at the Adorni Recreation Center for employee, spouse and dependent children, an educational reimbursement program, free enrollment at Little Saplings Preschool for children of City employees, 50% off fees for after school programs for children of City employees and free Sequoia Park Zoo membership for the entire family.
Note: Although benefits have been reported as accurately as possible, there has been no warranty of complete benefit summary intended. All information provided is subject to the actual terms of the legal documents that control benefit programs.
