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The new fiscal year begins July 1, 2011, and with it several provisions in the Union’s 2009 -12 Fringe Benefits Agreement with Los Angeles County take effect. As a result, you may notice some changes to your next paycheck, and we want to make sure you understand them completely.
“Starting on your July 29 paycheck you will see changes and
we want to keep all members updated. These changes were negotiated last year
with the support and approval of your elected Bargaining Policy
Committee
.”
-Linda Dent, SEIU 721 Vice
President, Chair of the Bargaining Policy
Committee
Click to download a flyer about these changes.
The Fringe Benefit Agreement contract provisions taking effect July 1, negotiated by the Bargaining Policy Committee (BPC), are outlined below:
Horizons Deferred Comp Plan County Match
The Horizons Deferred Compensation and Thrift Plan County
dollar-for-dollar match is restored with a $56 million cap and the County match
contribution is restored at a reduced 2% (from a 4% maximum of the
participant’s compensation)
*Beginning July 1, 2012 the annual expenditure cap will revert to $112 million and the matching contributions will be restored to 4% of the participant’s compensation.
Employee Retirement Contribution Rates
Employee retirement contribution rates for General Members
in the Contributory Plans A, B, C, and D, will increase from 0.0% to 0.05%
depending on the plan and age at entry. Click here to find out how your contribution will change.
Mileage Reimbursement
The County’s mileage rate increased beginning July 1 from 47.5 cents per mile to 52.0 cents to reflect the 4.5 cent increase in the IRS standard mileage rate.