HomeMy WebLinkAbout05. Employee/District Pension Contributions5.
(CD
Central Contra Costa Sanitary District
October 7, 2016
TO: ADMINSTRATION COMMITTEE
VIA: ROGER S. BAILEY, GENERAL MANAGER /
ANN SASAKI, DEPUTY GENERAL MANAGER
FROM: TEM O'MALLEY, HUMAN RESOURCES MANAGER
SUBJECT: EMPLOYEE/DISTRICT PENSION CONTRIBUTIONS\
As a result of the discussion that took place during the Administration Committee
meeting on September 19, 2016, this memo is to provide information to the
Administration Committee related to the current contribution structure for the District's
pension plan.
The following table details the FY16-17 contribution rates for both employees and the
District towards the normal costs of the District's pension plan:
Tier Employee Cost Employer Cost
Legacy Employees (hired 11.76% 16.99%
prior to 12/31/12 and based
upon an average)
PEPRA employees 16.11% 12.06%
Currently, the District contributes approximately 1.25% of the employees share towards
the normal costs and this subvention will be phased out effective April 18, 2017 as was
negotiated in the District's MOUs with the three bargaining units.
I will be available to answer any questions during the meeting.