Title
Subject: Public Employees' Retirement System Contract Amendment
From: Office of the City Manager
Recommendation Approve the Final Passage (Second Reading) of an Ordinance of the Council of the City of Oakland authorizing an amendment to the contract between the City of Oakland and the Board of Administration of the California Public Employees' Retirement Systems (PERS) that authorizes (1) 2.7% at age 55 retirement benefits for all City Officers and civilian (Non-Sworn) employees who are members of PERS; and (2) 3.0% at age 50 retirement benefits for employeees who are members of the International Association of Firefighters, Local 55
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