All employees subject to this MOU hired on or after January 8, 2012 will pay fifty percent (50%) of the Retirement COLA cost as determined by SamCERA.
Effective the first full pay period in July of 2016, all employees, regardless of plan or hire date, will pay a COLA cost share equal to fifty percent (50%) of the retirement COLA costs as determined by SamCERA. Plan 7 members do not pay a separate retirement COLA cost share as the Plan 7 COLA costs are part of the Plan 7 contributions.
In recognition of the additional employee contribution to retirement COLA, effective January 31, 2016 and for the term of this Agreement, employees in the classifications of Deputy Sheriff, Sheriff’s Correctional Officer and District Attorney Inspector hired by the County of San Mateo into Retirement Tier 4 will receive one and nine-tenths percent (1.9%) Safety Longevity Pay; and employees in the classifications of Deputy Sheriff, Sheriff’s Correctional Officer and District Attorney Inspector hired by the County of San Mateo into Retirement Tier 1 or Tier 2 will receive three and fifteen one hundredths percent (3.15%) Safety Longevity Pay.