RECOMMENDATION(S):
ADOPT Resolution No. 2015/391 making Government Code section 31870 (Two Percent Cost of Living Adjustment to Retirement Benefit) applicable to employees represented by the Probation Peace Officers' Association who become new members of the Contra Costa County Employee Retirement Association (CCCERA) in the Public Employee Pension Reform Act (PEPRA) Tier on or after January 1, 2016.
FISCAL IMPACT:
Implementation of a change in the Cost of Living Adjustment (COLA) to the pension benefit for employees represented by the Probation Peace Officers' Association, who become new members of CCCERA on or after January 1, 2016, in the PEPRA Tier, is intended to result in long term savings for both the employees and the County.
BACKGROUND:
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