RECOMMENDATION(S):
ADOPT Resolution No. 2015/5 making Government Code section 31870 (Two Percent Cost of Living Adjustment to Retirement Benefit) applicable to employees represented by United Chief Officers' Association, who become New Members of CCCERA on and after January 1, 2016, in the Public Employee Pension Reform Act (PEPRA) Retirement Tier; and CONFIRM adoption of Section 21.2 Safety Employees Retirement of the MOU between the District and the United Chief Officers' Association adopted on August 25, 2015 (Resolution No. 2015/4).
FISCAL IMPACT:
Implementation of a change in the Cost of Living Adjustment (COLA) to the pension benefit for employees represented by the United Chief Officers' Association, who become New Members of CCCERA on and after January 1, 2016, in the PEPRA Retirement Tier is intended to result in long term savings for both the employees and the District.
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