Culver City POA

3 Years
9% Increase in POST Pay to pay 9% PERS

The City not only wanted “pension reform” but also wanted to reform retiree medical.  The negotiating team of Peter Hernandez, John Benjamin, Leon Lopez and Neal Gold brought a well rounded dynamic that ultimately convinced the City to abandon its initial draconian position.  The three year deal includes members paying the full 9% of PERS.  At the same time, the City will be increasing every level of POST pay (including Basic) by 9% to ensure no loss to current employees.  New hires will also be at the new 3 @ 55 plan and will be reduced to the minimum PERS contribution for retiree medical.  New hires will also have a new Retiree Health Savings with matching funds by the City and employee going in to the account..  For current employees, a new cafeteria amount of $1,370 with up to 4% increases each year was negotiated.  Also, for current employees, a new retiree medical amount of $937 for employee plus one (plus $300 if there is an additional dependant when retiring).  The retiree medical also will increase up to 4% each year.

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