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File #: 100156    Version: Name: Reducing Employer Retirement Benefit Costs
Type: Charter Amendment Status: Passed
Introduced: 2/9/2010 In control: Board of Supervisors
On agenda: Final action: 3/2/2010
Enactment date: Enactment #:
Title: Charter Amendment (Third Draft) to amend the Charter of the City and County of San Francisco by amending Sections A8.432, A8.506, A8.506-2, A8.506-3, and A8.510, and by adding Sections A8.432-1, A8.600 to A8.600-14, A8.601 to A8.601-16 and A8.602 to A8.602-16, to: (1) define "Participating Employers" for the Retiree Health Care Trust Fund to include the Superior Court of California, City and County of San Francisco, to the extent it participates in the City and County's Health Service System and upon resolution by its governing board; (2) require the difference between the City and County's contribution to the San Francisco Employees' Retirement System (SFERS) set by the Retirement Board each year and the employer normal cost rate to be deposited into the Retiree Health Care Trust Fund; (3) require the difference between the "Participating Employers" contribution to SFERS set by the Retirement Board each year and the employer normal cost rate to be deposited into the Retiree Health Care Trust Fund only upon resolution by the governing boards of the respective "Participating Employers" approving said deposits; (4) establish an employee contribution rate of nine percent for all employees hired on and after July 1, 2010, who become members of the California Public Employees' Retirement System (CalPERS); (5) require all contracts with CalPERS for persons hired on and after July 1, 2010, to include a two-year formula for the calculation of final compensation to the fullest extent possible; (6) require all contracts and contract amendments on and after July 1, 2010, for personnel of the sheriff's department and housing authority police who are members of CalPERS to be cost-neutral to the City and County; (7) create a new retirement plan for miscellaneous officers and employees hired on and after July 1, 2010, that modifies the average final compensation calculation from a one-year formula to a two-year formula; and (8) create new retirement plans for safety members hired on and after July 1, 2010, that increase required employee retirement contributions to nine percent and modify the average final compensation calculation from a one-year formula to a two-year formula.
Sponsors: Eric Mar, David Campos, Sean Elsbernd, Ross Mirkarimi
Attachments: 1. Leg_Ver1, 2. Board_Packet_022310, 3. Leg_Ver2, 4. Leg_Ver3, 5. Board_Packet_030210, 6. Leg_Final
Related files: 100172
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
3/2/20103 Board of Supervisors ORDERED SUBMITTEDPass Action details Meeting details Not available
2/23/20102 Board of Supervisors AMENDED, AN AMENDMENT OF THE WHOLE BEARING NEW TITLEPass Action details Meeting details Not available
2/23/20103 Board of Supervisors CONTINUED AS AMENDEDPass Action details Meeting details Not available
2/9/20101 President ASSIGNED  Action details Meeting details Not available
2/9/20101 Board of Supervisors AMENDED, AN AMENDMENT OF THE WHOLE BEARING NEW TITLEPass Action details Meeting details Not available
2/9/20102 Board of Supervisors CONTINUED AS DIVIDEDPass Action details Meeting details Not available
Legislation Details
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