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Newark Council To Vote on Pension Contribution Increases

Newark City Council will vote on Thursday to approve an amendment to city employee pension plans that would increase the amount they have to contribute to their retirement benefits package. 

If approved, new city employees would contribute 3.468 percent of their salaries to their pension plan, according to the staff report prepared for the meeting. Fire fighters and police officers, considered local safety members, would contribute 1.5 percent, according to the text of the ordinance.

The text of the amendment says that the changes apply to new employees. If approved, the changes will go into effect on February 1, 2014.



Jack Torrance January 07, 2014 at 12:04 PM
Zzzzzzzzzzzzzzzzzzzzz
Nick January 07, 2014 at 01:37 PM
...and still every other Friday's open? I wonder if we still get street sweeping? This City Leadership is much to do about nothing. It's like you lose Toy's R Us, TJ Maxx, the planned theater at NewPark and they still sit on their hands yes voting this through. Geez has the letter gone out to Trader Joe's showing them how unloyal Fremont was for placing first a Sprouts then a Whole Foods within one mile? 20 years and the City of Fremont does that, what don't want to play dirty, last I saw, Fremont took Toys R Us and TJ Maxx from under Newark's nose. City of Newark it's time to get in the game.
Jack Torrance January 07, 2014 at 04:14 PM
The way it's written Nick, this isn't a raise if that's what you're implying. It simply means that the employees have to divert monies from their paycheck to their retirement account. If anything, this means LESS take-home pay. I'm not sure I see the Nexus between that and the stuff you're talking about.
lewis2 January 07, 2014 at 06:26 PM
Even more interesting on the agenda is the promotion of Terrence Grindall as an assistant city manager. Is there so much money floating around that Newark can have an assistant to John Becker? Who is left behind in the Planning Department to take over from Grindall? Or maybe the planning department will just up and disappear now that the new general plan has the city all built out.
James Nelson January 07, 2014 at 06:45 PM
At this point, I'd much rather see my Hometown be taken over by Fremont, than to see it transform into darkness any further. Under current senior management the City of Newark has no hope for a bright future. BTW titles like "Assistant City Manager" are Bullshit Terms for people who have failed so far upward that they need to create a New Position just to feel needed.

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