Although Pleasanton police now pay 12% of their salaries into their pension fund, city employees will continue to pay just 8% in their new contract.
In addition, all PCEA members will receive a one-time payment of $900 upon adoption of the proposed contract.
The PCEA includes 215 employees, comprised of numerous classifications, including clerical positions, police dispatchers, recreation employees, planners, engineers and maintenance employees in the streets, parks, support services and utilities divisions.
The financial impact to the city's budget as a result of the new contract is forecast at $4.7 million through March 31, 2022, the end of the three-year agreement.
City Council members reviewed the proposed contract March 19 with no opposition. The second reading on April 16 is required to formally adopt the agreement.
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