As you may recall, the staff of the City of Rancho Palos Verdes is
exploring several benefit changes to its calPERS retirement plan.
I would like ONLY contract cities to reply to the following
questions. I will summarize the results on or about April 1st and
reply back to the group. Thanks in advance for your continued
participation!
Dennis McLean
Finance Director
City of Rancho Palos Verdes
310-544-5212
How many full time employees does your "contract
city" have?
If your City participates in calPERS, what formula is used
for determining the retirement benefit for Miscellaneous Employees, 2% @
55 or 2% @ 60? If another formula is used, what is it?
Most plans provide either the Third or Fourth Level of 1959 Survivor
Benefits. Does your calPERS plan provide 1959 Survivor
Benefits? If so, what Level of 1959 Survivor Benefits is provided
Miscellaneous Employees?
Does your calPERS plan include the provision for One-Year Final
Compensation (vs. the last three years compensation) for determining the
average monthly retirement benefit payment for Miscellaneous
Employees?
What other optional calPERS benefits does you plan include for
Miscellaneous Employees?
