The Petaluma City Council amended its contract with the California Public Employees’ Retirement System to create a second tier of benefits for future hires. The changes, which cover non-public safety employees of the city’s largest union, AFSCME, require employees to work to age 60 — instead of 55 — and retire with a pension equal to 2% of their pay per year. The city reached similar agreements with its police and fire unions. The second tier for those groups calls for a 3% maximum yearly accumulation at a retirement age of 55, up from age 50.
- See also: California government sector lobbying