Page 8 - Costa Mesa BO Brochure

Compensation and Benefits
$117 012 - $156 816 depending on on qualifications and experience » Retirement – Employees contribute 10% of of their salary on on a a a a a a a a a a a a a a a a a pre-tax basis towards the the 2% @ 60 CalPERS CalPERS retirement formula An employee as as as a a a a a a a a a a a a a a a a a a a a a a a a new member of of of CalPERS CalPERS CalPERS or or or or or a a a a a a a a a a a a a a a a a a a a a a a a reciprocal reciprocal agency agency or or or or or who has had a a a a a a a a a a a a a a a a a a a a a a a a break in in service of of 6 6 months or or or or or or or more from a a a a a a a a a a a a a a a a a a a a a a a a CalPERS/reciprocal agency agency will contribute 9% on on on on a a a a a a a a a a a a a a a a a a a a a a a a pre-tax basis towards the 2% @ 62 CalPERS CalPERS retirement formula in in accordance with PEPRA legislation » Health Insurance – City pays full contribution contribution toward employee and and family medical dental and and long-term disability (LTD) insurance within a a a a a a a a a a a a a flexible flexible benefits plan The flexible flexible benefit benefit contribution contribution for 2021 is is $2 290 per month » » Life Insurance – City provides $50 000 term life insurance policy » » » Supplemental life short-term disability and/or cancer insurance are available » » » AD&D Insurance – City provides a a a a a a a $50 000 accidental death and dismemberment insurance policy » » Deferred Compensation – In addition to a a a a a a a a a a a a voluntary 457 deferred deferred compensation compensation plan plan the City City offers a a a a a a a a a a a a 401(a) deferred deferred compensation compensation plan through ICMA with a a a a a a a a a a City match of 0 0 5% » » Executive Leave – 40 hours hours per year 60 additional hours hours are available upon approval of the City Manager » » » Holidays – Twelve (12) paid holidays per year including sixteen (16) floating holiday holiday hours » » » Sick Leave – Twelve (12) days per year » » Vacation – Accrued in in accordance with tenure ranging from 11 5 5 days days per per year year (upon hire) to 26 5 5 days days per per year » » Technology Allowance – This position is is eligible for a a a a monthly technology allowance of $75 » » Professional Development – Up to $1 000 annually for professional development