HomeMy WebLinkAboutMINUTES - 12161986 - 1.92 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order on December 16 , 1986 by the following vote:
AYES: Supervisors Fanden, McPeak , Schroder , Torlakson, Powers .
NOES: None .
ABSENT: None .
ABSTAIN: None. RESOLUTION NO . 86/751
SUBJECT: Safety Member Contribution Rates
On the recommendation of the Retirement Board , IT IS BY
THE BOARD ORDERED that Resolution No . 86/284 is amended approving
contribution rates to and interest to be credited by the Contra
Costa County Employees ' Retirement Association to change the safety
member contribution rates effective January 1 , 1987 , in accordance
with Chapter 840 of the Statutes of 1986 .
hereby certify that this is a true and correct copy of
an action taken and entered on the minutes of the
Board o4 Supervisors on the date shown.
ATTESTED: DEC 16 1986
PHIL BATCHELOR, Cierh of the Board
off Supervisors and County Administrator
Deputy
Cc : County Administrator
Retirement
All County Departments
RES0LUTION NO . 86 751 .
COUNTY OF CONTRA COSTA . SECTION N NO
REVISED
Safety Members' Contribution Rates*
Entry Section 31664 Entry Section 31664
Age Basic C.O.L.** Age Basic C.O.L.**
18 7.61% 2.78% 34 8.45% 3.09% -
19 7.62 2.79 35 8.55 3.13
20 7.63 2.79 36 8.64 3.16
21 7.64 2.79 37 8.74 3.20
22 7.66 2.80 38 8.83 3.23
23 7.69 2.81 39 8.92 3.26
24 7.73 2.83 40 9.02 3.30
25 7.77 2.84 41 9.12 3.33
26 7.83 2.86 42 9.22 3.37
27 7.89 2.88 43 9.31 3.40
28 7.95 2.91 44 9.41 3.44
29 8.03 2.94 45 9.51 3.48
30 8.10 2.96 46 9.61 3.51
31 8.19 2.99 47 9.72 3.55
32 8.27 3.02 48 9.82 3.59
33 8.36 3.06 49 be 9.92 3.63
Over
*As a percentage of salary (full contribution rates). Based on 8-1/2% interest and 6-3/4%
'S8t19i•y si'8�L 8ss�tr�`lions. --
**The C.O.L. rates equal 36.56% of basic full contribution rates.
NOTE: The C.O.L. contributions have not been reduced for transfers from the
Contingency Reserve.
December 4, 1986
Coates, Herturth & England, Inc.,Actuaries and Consultants