HomeMy WebLinkAboutRESOLUTIONS - 12161986 - 86-751 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order on December 16 , 1986 f by the following vote:
AYES: Supervisors Fanden , McPeak, Schroder , Torlakson, Powers .
NOES: None .
ABSENT : None .
ABSTAIN: None. RESOLUTION NO . 86/751
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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 .
1 hereby certify that this is a trine and correct copy of
an action taken and entered on the minutes of the
Board of Supervisors on the date shown.
ATTESTED: D E C 16 1986
PHIL BATCHELOR, Cierk of the Board
of Supervisors and County Administrator
Deputy
CC : County Administrator
Retirement
All County Departments
RESOLUTION N.O . 8617,51 .
COUNTY OF CONTRA COSTA . SECTION IV 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 & 9.92 3.63
Over
*As a percentage of salary (full_ contribution rates). Based on 8-1/2% interest and 6-3/4%
shtA'i•y sce1� 8ss11111p`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. Heriurth & England, Inc.,Actuaries and Consultants