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HomeMy WebLinkAbout2025 Elected Officials Benefit SummaryLast Revised 07/01/2025 Elected Officials Approved by Council 4/2024 Salary (Monthly) Mayor: $2,923 Council: $2,319 *In lieu of forming a Council Compensation Committee, Council may approve biennial Consumer Price Index (CPI) increases as measured by All Urban Consumers (CPI-U) in the Los Angeles, Long Beach, and Anaheim metropolitan areas, effective the first full pay period in January. PERS Retirement (1st Tier Employees) Employees hired prior to 12/06/12 and employees who previously worked for the City of San Luis Obispo as a CalPERS member at this tier. @ 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 7.5%) 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 (2025 Rates) Rates Opt-out: $200* Emp Only: $670 Emp +1: $1,323 Emp +2: $1,792 *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 Dental DPO or Delta Care PMI Vision Insurance Eye Med Amount Reimbursed for City Business Per Year For costs incurred in connection with official City business. Said allowance shall be used for expenses and shall include all meals, tickets, periodicals, dues, subscriptions, and similar miscellaneous expenses.Mayor $3600 per yr Council Member $2700 per yr Mileage Allowance For official travel within the County of San Luis Obispo, reimbursement shall be made upon submittal of an official mileage expense form Other Allowances $50/month home internet and data plan (request reimbursement with City Clerk) City cell phone provided *See the Council Policies and Procedures for more details on Council compensation.