HomeMy WebLinkAbout2a. 2020 Council Compensation & Benefit Summary Matrix7/7/2020
Elected Officials
Approved by Council 2/2020
Salary (Monthly) Mayor: $2,508
Council: $1,990
PERS Retirement:
(1st Tier Employees)
Employees hired prior to 12/06/12 and employees that previously worked
for the City of San Luis Obispo as a CalPERS member.
2.7% @55, one-year final compensation
PERS Retirement:
(2nd Tier Employees)
Employees hired between 12/06/12 and 12/31/12 or an employee who
comes from another CalPERS Agency, or an agency with CalPERS and
has no break in service longer than 6 months.
2% @ 60, three-year final compensation
PERS Retirement:
(3rd Tier Employees)
Employees hired on or after 01/01/13 referred to as a “New Member.” A
New Member is an employee who has never worked for a CalPERS
Agency (or an agency with reciprocity with CalPERS), or who has worked
for a CalPERS Agency but had a break in service longer than 6 months.
2% @ 62, three-year final compensation
PERS Retirement
Member Contribution
1st Tier: 8% pre-tax
2nd Tier: 7% pre-tax
3rd Tier: 50% pre-tax (currently 7%)
Retirement
(continued)
Level 4 1959 Survivor; military service credit; Pre-Retirement Option 2
Death Benefit; conversion of unused sick leave to service credit
Cafeteria Plan
Monthly Contribution
(2020 Rates):
Opt Outs: $200
Emp Only: $570
Emp +1: $1,128
Emp +2: $1,527
*In order to receive the opt-out benefit, the elected
official must opt-out of medical, dental, and vision
insurances.
Health Insurance: CalPERS Plans
Dental Insurance: Delta DPO or DeltaCare PMI
Vision Insurance: Medical Eye Services
Amount Reimbursed
for City Business Per
Year:
Mayor: $3,600
Council: $2,700
Mileage Allowance: Mayor: $150 per month
Council: $100 per month
Other Allowances: $50/month home internet and data plan
City cell phone provided