City Council

1.e. Revise the Defined Contribution Plan for Designated\nMiscellaneous Employees Participating in the 2.0% at 60 or\n2.0% at 62 Retirement Formula under CalPERS Fiscal\nImpact: $35,000 in one lump sum. Ongoing Annual\nincrease of $14,000 for the entire program.\nRecommended Action: It is recommended that the City\nCouncil: Approve a revised Defined Contribution Plan\nadministered by Mission Square Retirement Solutions\n(Mission Square).\nStaff Report\n1. Mission Square Agreement