TO: Board of Supervisors
FROM: Christine Briceno, Director of Human Resources
REPORT BY: Joy Cadiz, Staff Services Manager
SUBJECT: Resolution to Establish Retirement Cost Sharing Contributions for Napa County Employees
RECOMMENDATION
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Adopt a Resolution to approve the retirement cost sharing contributions for Napa County employees effective June 22, 2024, for Fiscal Year 2024-2025.
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BACKGROUND
Retirement rates are based on two factors: 1) the total employer rate, which fluctuates year-to-year and is based on the actuarial valuation report provided by CalPERS by retirement formula, and 2) the employee statutory rate determined by CalPERS and by retirement formula.
A provision of the Public Services Employee (PSE) Unit, PSE Supervisory Unit, Deputy Sheriffs' Association (DSA) Unit, DSA Supervisory Unit and Napa County Probation Professionals Association (NCPPA) Unit, and the NCPPA Supervisory Unit Memoranda of Understanding dictate the formula for employees to cost share a portion of the contribution toward retirement each fiscal year. The unrepresented Management and Confidential compensation plans include language which entitles them to the same terms included in the MOUs of the represented groups.
The legislature amended Government Code section 20516 of the Public Employees' Retirement Law to simplify the retirement cost sharing process. Beginning January 1, 2019, public agencies are no longer required to amend their contract with CalPERS to implement new cost sharing contributions. A provision of the PSE, DSA, and NCPPA Memoranda of Understanding dictate the formula for employees to cost share a portion of the contribution toward retirement each fiscal year. In order for the County to report the cost sharing contributions to CalPERS, signed side letters must be provided to CalPERS for the represented employee groups, as well as a Board approved resolution for the unrepresented employee groups. Today's action will approve the retirement cost s...
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