HomeMy WebLinkAboutRESOLUTIONS - 01011981 - 1981-679 In the Board of Supervisors
of
Contra Costa County, State of California
In the Matter of
Approving Contribution Rates and RESOLUTION NO. 81/679
Interest to be Credited for Contra Costa
County Employees Retirement Association
Pursuant to -Government Code Section 31454 and on recommendation of the
Board of the Contra Costa County Employees Retirement Association, BE IT
RESOLVED that the following contribution and interest rates are approved
to be effective as indicated:
I. Retirement Contributions
A. County and District Rates
_ 1. General Members - Current Plan
Effective 7-1-81 First $350 monthly compensation: 7.21%
Compensation in excess of $350 monthly: 10.82%
2. General Members - New Plan
Effective 7-1-81 - Total Compensation 7.78%
3. Safety Members
Effective 7-1-81 Total Compensation 16.72%
B. Employee-Rates - Current and New Plan
See attached sheets for details on both General Members and Safety Members
II. Cost of Living Program Contributions
A. County and District Rates
1. Current Plan
Effective 7-1-81 5.580 of earnable compensation
2. New Plan
Effective 7-1-81 5.00% of earnable compensation
B. Employee Rates
1. Current Plan
Effective 7-1--81 42.86% of the basic full rates
2. New Plan
Effective 7-1-81 40.89% of the basic full rates
III. Interest to be Credited to Reserves
Effective 7-1-81: 74%
IV. Rates are subject to modification due to Retirement Board and/or the
Board of Supervisors' resolutions.
PASSED on JUNE 16, 1981, unanimously by the Supervisors present.
(Supervisor Powers absent)
cc : Retirement Administrator CERTIFIED COPY
Director of Personnel I certify that this is a Pull, true e correct copy Of
Auditor—Controller the original document which iso ¢?r i, rnv office,
and that it way, p n -a �'.n`�8 i^ t'- Board of
County Counsel Supervisol.3 o° cc f on
County Administrator the date shovm, ATT -'T: J. R CICS="ON, County
Clerk &eX_oifAcio Clerk of said Doa.a of Supervisors,
by Deputy Clerk.
RESOLUTION NO. 81/679
BASIC RATE
CURRENT PLAN 1► "PAN
,ACE UNDER $350 OVER $350
16 4.73% 7.09'a 2.70%
17 4.73 7.09 2.70
18 4.73 7.09 2.70
19 4.73 7.09 2.70
20 4.73 7.09 2.70
21 4.73 7.09 2.70
22 4.73 7.10 2.70
23 4.74 7.11 2.71
24 4.75 7.12 2.71
25 4.76 7.14 2.72
26 4.78 7.17 2.73
27 4.79 7.19 2.74
28 4.82 7.23 2.75
29 4.84 7.26 2.77
30 4.87 7.31 2.78
31 4.90 7.35 2.80
32 4.93 7.40 2.82
33 4.97 7.45 2.84
34 5.00 7.50 2.86
35 5.03 7.55 2.88
36 5.07 7.61 2.90
37 5.11 7.67 2.92
38 5.15 7.73 2.94
39 5.19 7.79 2.97
40 5.24 7.86 2.99
.41 5.28 7.92 3.02
42 5.33 7.99 3.05
43 5.37 8.06 3.07
44 5.43 8.14 3.10
45 5.47 -8.21 3.13
46 5.53 -8.29 3:16
47 5.58 8.37 3.19
48 5.63 8.45 3.22
49 5.69 8.54 3.25
50 5.75 8.63 3.29
51 5.81 8.72 3.32
52 5.87 8.81 3.36
53 5.93 8.90 3.39
54 & Over 5.99 8.99 3.43
f`_d_L. - 42.86% p/4,79 040.89
Effective 7-1-81
A' SAFETY MEMBER
BASK RATE
AGE RATE
21 under 8.26%
22 8.28
23 8.31
24 8.35
25 8.39
26 8.44
27 8.50
28 8.56
29 8.64
30 8.72
31 8.81
32 8.91
33 9.01
34 9.12
35 under 9.24
C.O.L. 42.86%
91479