Cecelia Di Mino 8:38 p.m., March 31
Oceanside Asks Management to Up Retirement Contributions
Photo on left: Oceanside mayor Jim Wood
On Wednesday, Oceanside city councilmembers and mayor will decide whether to change the compensation package for senior-level management positions.
If approved, the changes in the compensation plan would require all non-union employees, including the city manager, city attorney, city councilmembers, and the mayor, to pay the full eight-percent-share of California Public Employee Retirement System costs, and would also place a cap on city medical health plan contributions.
According to a staff report, the proposed changes to management’s retirement payments will save the city about $211,000 for next fiscal year. In addition, savings from the City’s medical insurance contributions are expected to amount to $126,985 during 2011/2011.
The city council will hear the proposal during the June 1 city council meeting.
More like this:
- Escondido set to approve big contracts for city manager, city attorney — June 24, 2013
- Inaccuracies Found on Proposition B Website — May 31, 2012
- Fiscal Analysis Pokes Holes in Pension Reform Initiative — March 20, 2012
- Nathan Fletcher Pledges to Lead by Example on Pension Reform — March 12, 2012
- Pension Costs Reach 69% of City Payroll, Says DeMaio — Jan. 19, 2010