Summary of the tentative agreements with Units 5, 8, 18, and 19

From dpa.ca.gov-- The pension formulas for new employees agreed to by these unions are as follows:

• Patrol: 3% at 55 (from current 3% at 50)
• Firefighters: 3% at 55 (from current 3% at 50)
• Safety: 2% at 55 (from 2.5% at 55)
• Miscellaneous: 2% at 60 (from 2% at 55)

California Association of Highway Patrolmen (6,660 employees): July 3, 2010 - July 3, 2013

• Current employees' pension contribution rises from 8% to 10% of pay over $863/month.
• Pension based on three-highest-years average salary for new employees (instead of current single-highest year).
• Temporarily suspends current contract provision to pre-fund retiree health benefits by 1% of pay. That 1%, plus another 1% effective July 1, 2010, will instead go toward pensions. Starting July 2013, an additional 2% of pay will go toward pre-funding retiree health benefits.
• Pay scale restructured on 1-1-12 to add another top step (2% higher than current top step); only applies to employees who reach the top step.

California Department of Forestry Firefighters (4,280 employees): July 1, 2010 - July 1, 2013

• Pension based on three-highest-years average salary for new employees (instead of current single-highest year).
• Current employees' pension contribution rises from 6% to 10% of pay over $238/month.
• Pay scale restructured on 1-1-12 to add another top step (4% higher than current top step); only applies to employees who reach the top step.[continue reading on DPA...]

Read the Governors press release.