Update from first negotiation 11-15-17 with County regarding retirement re-opener

The County’s goal is for all employees to pay half the normal cost for retirement and retirement COLA.  The County provided us with a detailed spreadsheet documenting how our contributions would go up for each of us.  The Total Pensionable Income column in the spreadsheet is merely a snapshot from Pay Period 2017-18, which includes…

County is Claiming Significantly Increased Retirement Costs

Subject: FW: Signficant pension increases ahead From: “Miyasato, Mona” <mmiyasato@countyofsb.org> Date: November 7, 2016 at 4:08:28 PM PST To: “Alvarez, Tom” <toalvarez@countyofsb.org>, and others Subject: Signficant pension increases ahead Dear Department Directors: As you may have heard, the SBCERS Board of Retirement recently voted to change its actuarial assumptions, which determine our pension contribution.  Specifically,…