My WebLink
|
Help
|
About
|
Sign Out
Home
Annual_Budget_1974_001
Roseville
>
Budget
>
Annual_Budget_1974_001
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/22/2018 11:59:37 AM
Creation date
6/22/2018 11:58:39 AM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
200
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
PUBLIC EMPLOYEES PIIVSION FUND <br />Functions <br />The Public Employees Retirement Association is a state <br />agency established to provide pensions fnr municipal employees. In <br />1967, the Legislature provided for coordination af this pension plan <br />with the Federal Social Security program (OASHDI), Nhmicipal employees, <br />except police, had the opporttaiity to choose be�ween a pension plan <br />exclusively administered by P.E.R.Ao or a coordinat�ng P.E,R.A. and <br />O.A.S.D.H.I. All new employees, exeep't police, after January l, 1968, <br />are under the coordinated plan. <br />Employees under a straight P.E.RoA. pension must contribute <br />80 of their gross salary. Those choosing �he coordinated plan contribute <br />4% of their gross salary to P.E.R.A. and 5a85% of the first $12,600 to <br />O.A.S.D.H.I. <br />The City Government is required to match the employees <br />payment toward either plan. In the case of the police, the City must <br />pay an additional 40 or a total of 12% of gress salary. In the case <br />of non-police employees on a straight P.E.ReA, pension, the City pays <br />an additional 2�a or a total of lOzo oi gross salary. Finally, for <br />employees under the coordinated plan the City pays an additional lzo <br />or a total of 5z% of gross salary. <br />This account includes pension contributions for departments <br />under the General Fund. <br />50 <br />
The URL can be used to link to this page
Your browser does not support the video tag.