Shall Section 502 entitled "Retention of Benefits" of the Charter of Carlsbad, California be amended to include limiting increases in retirement benefits for miscellaneous employees without an amendment to this section?
Should Measure A be adopted by the electorate, any increase in the
miscellaneous employee retirement formula will require the holding of a general or special election. The costs of placing a similar matter on the 2010 ballot were approximately $35,000. A future election could cost more depending on voter turnout. A special election would cost between $450,000-500,000 since it would not be combined with a statewide election.
- A YES vote on this measure means:
- If you vote yes, you wish the City Charter to be amended by requiring a future vote of the electorate if miscellaneous employees' retirement benefits are increased.
- A NO vote on this measure means:
- If you vote no, you do not wish the City Charter to be amended to require a vote of the electorate to increase the miscellaneous employee retirement formula.
THE WAY IT IS NOW: Public employees in Carlsbad are covered by contract under the Public Employees' Retirement Law (Government Code §20000, et seq.). This law is administered by the Board of Administration of the Public Employees' Retirement System ("CalPERS"). State employees are automatically covered and local governments may cover their employees through contracts with CalPERS. Carlsbad has done so for its miscellaneous employees (employees represented by the Carlsbad City Employees' Association and management employees) and their retirement benefits under this contract are calculated using a formula commonly known as the "3% at 60" formula. This means that the miscellaneous employees may retire at 60 years of age with a defined benefit of 3% of their single highest year of salary for each year of service. Effective November 27, 2011, the City Council amended the contract with CalPERS to provide an estimated $2.1 million in savings over the next 10 years by providing that miscellaneous employees hired after that date shall have their retirement benefits calculated using the "2% at 60" formula. A miscellaneous employee who retires at age 60 will have his or her retirement
benefits calculated at 2% for every year of service, increasing to a maximum of 2.18% at age 63 multiplied by the highest average salary over a 3 year period.
THE PROPOSAL: On June 26, 2012, the City Council resolved to place Measure A on the ballot which would amend the City Charter so that increases in this benefit formula would require an affirmative vote of the electorate. This measure would also provide that benefits could be reduced according to law by the City Council without a vote of the electorate.
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Official Information
- City Web Site
News and Analysis
San Diego U-T
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League of Women Voters of California Education Fund
Pass:
32,026 /
72.1% Yes votes ......
12,383 /
27.9% No votes