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• 0% for Miscellaneous <br />• 0-7% for Safety <br />• Misc.: 1971-1995: 2% @ 60; 1995-2008: 2% @ 55; 2009 -Present: <br />2.7% @ 55 <br />• Safety: 1974-2001: 2% @ 50; 2001 -Present: 3% @ 50 <br />senor <br />vww <br />2oac <br />vmc -.w <br />now 5 <br />Funded Status for CaIPERS Fund <br />03 ov m oo m .. m 'm 11 ai b 'vi is le <br />m..IY... E,d1M m.. a' <br />City of Santa Ana Retirement Benefits History <br />Safety Plan History <br />e 1974-2001: 2% at 50 <br />• 2001 -Present (Classic Members): 3% at 50 <br />• PEPRA Members: 2.7% at 57 <br />Miscellaneous Plan History <br />• 1971-1995: 2% at 60 <br />• 1995-2008:2% at 55 <br />• 2009 -Present (Classic Members): 2.7% at 55 <br />• PEPRA Members: 2.0% at 62 <br />Up to 2% annual COLA for both Classic & PEPRA members <br />Disability benefits; death benefits; survivor benefit; EPMC (classic only) <br />PEPRA = Public Employees' Pension Reform Act <br />IMPACTS TO PERS — UNFUNDED LIABILITY <br />What Elements Impact PERS <br />Rates? <br />Mlsc: 2.7%@55 <br />5a :3.0%@50 <br />Pnive <br />P Wed s. <br />Pof <br />E.,1,-, <br />Pate <br />11 <br />CITY COUNCIL MINUTES 10A 44 FEBRUARY 5, 2018 <br />