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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 />Funded Status for COWERS Fund <br />r,r,a cvecarw.aswa, <br />w oras.:...wJ.c awe. <br />slab <br />City of Santa Ana Retirement Benefits History <br />Safety Plan History <br />• 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 />Mzc:l )%@35 <br />3.0% @W <br />• Ac)hen <br />RMI <br />• xd <br />Fmplayees <br />We <br />11 <br />CITY COUNCIL MINUTES 4 FEBRUARY 5, 2018 <br />1386 <br />>.� <br />bad W[n� <br />'nmure <br />1>m <br />braJeNNuwe <br />l00% <br />101% <br />®^^®runquns <br />R <br />'W (JPfOmW <br />8lA6 <br />6 <br />.tlewaNstlm <br />nv�aJ.hl.M. <br />61% <br />immJ�bbm <br />'1}Su..bV. <br />R <br />LItl16Mi <br />1PTw .... BM�gnam <br />'\ �tlwmjwieLt <br />mf <br />... <br />•.w 1 n..r.ao-ao.. <br />a, u w w w <br />w w w u w u u u n u a s. <br />m.ay.a,�wsum.w^ <br />City of Santa Ana Retirement Benefits History <br />Safety Plan History <br />• 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 />Mzc:l )%@35 <br />3.0% @W <br />• Ac)hen <br />RMI <br />• xd <br />Fmplayees <br />We <br />11 <br />CITY COUNCIL MINUTES 4 FEBRUARY 5, 2018 <br />