BILL ANALYSIS                                                                                                                                                                                                    �






          SENATE PUBLIC EMPLOYMENT & RETIREMENT   BILL NO:  SB 1494
          Gloria Negrete McLeod, Chair   Hearing date:  May 7, 2012
          SB 1494 (DeSaulnier)    as amended  3/29/12   FISCAL:  NO

           CONTRA COSTA COUNTY:  MEMORANDUM OF UNDERSTANDING
           

           HISTORY  :

              Sponsor:  Contra Costa County

              Other legislation:  SB 373 (DeSaulnier)
                         Chapter 68, Statutes of 2011

           
          SUMMARY  :

          SB 1494 provides for implementation of the negotiated 
          agreement between Contra Costa County and county employees to 
          create lower benefit tiers for new employees.


           BACKGROUND AND ANALYSIS  :
          
          1)   Existing law  :

            a)  establishes the 1937 Act County Retirement Law, which 
              covers 20 independent county retirement systems, 
              including the Contra Costa County Employees Retirement 
              Association (CCCERA).

            b)  requires a public employer and official employee 
              representative to collectively bargain over wages, 
              working conditions, and other terms and conditions of 
              employment.

            c)  establishes various retirement formulas that public 
              employers may choose from, and subject to collective 
              bargaining, provide for employees.

            d)  generally requires that when pension benefits are 
              reduced, the reduced benefits apply only to employees 
              hired on or after the date the reduced benefits become 
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          Date:  4/26/12                                         Page 1 










              applicable.

            e)  requires an employer to provide disability benefits for 
              employees who become disabled while working.

            f)  requires an employer to pay cost-of-living adjustments 
            to retirees.

            g)  establishes a defined benefit retirement plan in Contra 
              Costa County that provides a retirement benefit based on 
              a percentage of the individual's final compensation, 
              which is determined by multiplying the number of years of 
              service by the individual's retirement age factor and 
              final compensation.


          2)   This bill  :

            a)  allows Contra Costa County, subject to collective 
              bargaining, to approve a resolution to establish lower 
              retirement tiers for employees first hired on or after 
              January, 1, 2013.

            b)  allows a district that participates in CCCERA to also 
              approve the lower tiers, subject to collective 
              bargaining, for new hires on and after January 1, 2013.

            c)  creates two formulas for the new tiers:  a 2 percent at 
              age 60 formula for non-safety workers, called Tier Four, 
              and a 3 percent at age 55 formula for safety workers, 
              called Tier D.

            d)  requires annual 2% cost-of-living adjustments for 
              retirees subject to the new formulas, and disability 
              benefits that are that same as for existing employees 
              (i.e., employees hired prior to January 1, 2013).

            e)  requires that employees in the new tiers be subject to 
              a 3-year final compensation calculation based on either 
              the three years preceding retirement or any consecutive 
              three years elected by the member.

             f)  requires that if the employee has less than three 
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          Date:  4/26/12                                         Page 2 










              years of service in the plan, his or her retirement 
              benefit shall be determined by dividing the total 
              compensation by the number of months of service and then 
              multiplying by 12.

            g)  identifies the collective bargaining units and their 
              official representatives that may be subject to the new 
              tiers.

            h)  limits retirement the allowance for an employee subject 
              to Tier Four and Tier D to no more than 90 percent of the 
              employee's final compensation amount.

             i)  requires that the new Tier Four and Tier D benefit 
              plans also apply to non-represented employees in related 
              classification who are first hired on and after January 
              1, 2013.


           COMMENTS  :

          1)   Arguments in Support  :

          According to the author:

            "Contra Costa County officials are presently in 
            negotiations with several of its employee bargaining units 
            regarding the creation of new pension tiers.  However, 
            because of conditions set forth within the County Employees 
            Retirement Act of 1937, the County cannot amend the pension 
            tiers without legislative approval.

            By permitting the County to meet with its various employee 
            bargaining units at the negotiating table to adjust the 
            pension tiers, SB 1494 will afford the County the 
            opportunity to create a local pension system that saves 
            money for County taxpayers and helps its pension system 
            stay sustainable for its employees."

          The sponsor states the following:

            "By negotiating these retirement plans at the bargaining 
            table, Contra Costa County achieves local pension reform 
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          Date:  4/26/12                                         Page 3 










            that saves money for county taxpayers and helps the pension 
            system, the Contra Costa County Employees Retirement 
            Association (CCCERA), stay sustainable for retirees.  
            Legislation is required to amend the County Employees 
            Retirement Law of 1937 to enact these changes."

          2)   SUPPORT  :

            Contra Costa County Board of Supervisors, Sponsor
            Deputy Sheriff's Association of Contra Costa County
            Public Employees Union, Local One
            Service Employees International Union (SEIU), Local 1021
            Western Council of Engineers (WCE)

          3)   OPPOSITION:  

            None to date




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          Pamela Schneider
          Date:  4/26/12                                         Page 4