To: Board of Supervisors
From: Monica Nino, County Administrator
Report Title: Retirement Plan Contribution Rates For Fiscal Year 2026-2027
RECOMMENDATIONS:
ADOPT a Resolution which establishes retirement plan contribution rates as approved by the Retirement Board for the period July 1, 2026 through June 30, 2027.
FISCAL IMPACT:
See 'Background' below.
BACKGROUND:
At its August 6, 2025 meeting, the Retirement Board reviewed the actuary's valuation report for the year ending December 31, 2024 and adopted the recommended employer and employee contribution rates, which will become effective on July 1, 2026. A copy of the December 31, 2024 Actuarial Valuation can be found on CCCERA's website at www.cccera.gov under the Actuarial Valuations link.
Attached are the rates to be used effective July 1, 2026 through June 30, 2027 submitted for adoption by the County Board of Supervisors by the Contra Costa County Employees' Retirement Association. Please note the following related to Special Districts:
* The rates are before employer subvention, if any, of the employee contribution. The rates quoted here are the employer required rates without taking into consideration any employer subvention of employee contributions. A convenient methodology for adding subvention is included in the attached document. Note that subvention is not always permitted for PEPRA members.
* The rates are before any increase in employee rate to pay a portion of the employer contribution. If an employee's rate needs to be increased to pay a portion of the employer contribution, both employee and employer rates would need to be adjusted accordingly.
CONSEQUENCE OF NEGATIVE ACTION:
Rates will not reflect those adopted by the Contra Costa County Employees Retirement Board.
THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
and for Special Districts, Agencies and Authorities Governed by the Board
body
IN THE MATTER OF
Approving Contribution Rates to be charged by t...
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