County employees' retirement: Marin County: safety members.

The County Employees Retirement Law of 1937 authorizes counties and districts to establish retirement systems pursuant to its provisions in order to provide pension benefits to employees. The County Employees Retirement Law of 1937 authorizes the Board of Supervisors of the County of San Mateo to provide any retirement benefits pursuant to that formula for some, but not all, general members or safety members of the county. Existing law further authorizes that county, by resolution, to require safety members to pay all or part of the contributions by a member or employer, or both, subject to certain limitations and conditions. This bill would authorize the Board of Supervisors of Marin County to provide a service retirement formula known as 3% at age 55 for safety members hired on or after January 1, 2013, as specified. The bill would authorize different retirement benefits pursuant to that formula for different bargaining units of safety members and the unrepresented groups of safety employees in similar job classifications and the supervisors and managers of those employees. The bill would also permit an ordinance or resolution adopted by the board to require safety members to pay part of the contributions by a member or employer, or both. The bill would require that the payment by a safety member become part of the accumulated contributions of the safety member. The bill would authorize the board, by means of a resolution, ordinance, contract, or contract amendment, to make the above-described provisions applicable to safety members in Marin County who are first hired on or after January 1, 2013.