The Pleasanton City Council will hold a special meeting at 6 p.m. tonight to discuss publicly a proposed contract with the Pleasanton Police Officers' Association that continues to freeze wages while raising pension contributions for those now on the force and reduces future benefits for new-hires.
A highlight of the new contract would require police officers covered by the measure to start paying directly into their CalPERS pension. For the last 10 years, the city has been paying the full 9% contribution based on an agreement in lieu of the police receiving salary adjustments.
Starting with the signing of the new contract, police would pay 3% of their salaries into the pension fund, followed by 6% on July 1, and then the full 9% starting July 1, 2013.
For new employees hired after the date of the new contract, the formula that allows police to retire at age 50 with 3% of their salary based on years of service would be moved to age 55. Based on the current formula, officers who have 30 years of service in law enforcement in California are eligible to receive 90% of their salary, based on their three highest years of earnings. Now eligible for this benefit at age 50, new employees would have to wait until age 55 for it to become effective.
Medical benefits for unionized police department employees will also be reduced for officers hired after the new contract takes effect.
Currently, police personnel who retire receive medical plan benefits for themselves and their spouse calculated on a percentage based on years of service with the city.
The new agreement modifies that benefit from two parties to the employee only, and terminates when the employee becomes eligible for Medicare.
Julie Yuan-Miu, Pleasanton's assistant city manager and Director of Administrative Services, who worked with City Manager Nelson Fialho in negotiating the new contract with police union representatives, said the tentative agreement will result in a savings to the city of approximately $2.4 million through the fiscal year 2013/2014 budget.
Tonight's meeting is being held to report publicly on the details of the proposed contract and to gain public comments on the measure. The proposal then will go back to the City Council for a decision at its next regularly scheduled meeting next Tuesday, Feb. 7.
City Council meetings are held in the Pleasanton Civic Center, 200 Old Bernal Ave.