Town Of Moraga

Amend CalPERS Contract

Moraga employees agreed to a two-year Memorandum of Understanding (MOU) starting July 1, 2015 providing a 1% increase in employee contributions to the CalPERS retirement system each year (2% total). To implement the yearly increases, the contract between the Town and CalPERS must be amended in a two-part process. Council approved the first of two steps to implement an amendment to the Town’s contract with CalPERS. The new employee MOU raises employee contributions for Public Safety employees from 9% to 11% and for Miscellaneous employees from 7% to 9%, reducing the Town’s contribution obligation by that amount.

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