Town Of Moraga

Increased Employee Pension Cost Sharing

On April 25, 2018 the Town Council approved an amendment to the contract with California Public Employees’ Retirement System (CalPERS) to increase the amount Town employees contribute toward their CalPERS retirement as agreed in the current employee contracts. In addition to the employee share, employees agreed to pay an additional 1%, for a total of 4%, of the employer share of CalPERS costs. The additional 1% will save the Town an estimated $36,067 in FY 2018/19.

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