Vincent Farnsworth 4:30 p.m., March 15
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.
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