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Benefits Summary - City of Belmont

Click here for the Belmont Fire Protection District Benefit Summary

Click here for the City Council Compensation and Benefits Summary

Click here for the City Clerk Compensation and Benefits Summary

Click here for the City Treasurer Compensation and Benefits Summary

The following is a general overview of the benefits provided to City of Belmont full-time benefit eligible employees. For specific benefit information, please refer to the Memorandum of Understanding (MOU) between the City and it's labor groups.
 

RETIREMENT

The City contracts with the California Public Employees’ Retirement System (CalPERS) to provide retirement benefits.  The current benefit level are as follows:

 Category Formula
 Employee Category
Safety
Tier 1
3% @ 50
One (1) year final compensation period
Employees hired prior to January 1, 2012
Safety
Tier 2

3% @ 55
Three (3) year final compensation period

Employees hired on or after January 1, 2012 and CalPERS "Classic" members per PEPRA*
Safety
Tier 3  (PEPRA)
 2.7% @ 57
"New" CalPERS members hired on or after January 1, 2013 pursuant to PEPRA*
Miscellaneous
Tier 1
 2% @ 55
 One (1) year final compensation period
 Employees hired prior to December 30, 2012

Miscellaneous

Tier 2

 2% @ 55
 Three (3) year final compensation period
 Employees hired on or after December 30,  
 2012 and CalPERS "Classic" members per 
 PEPRA*
Miscellaneous
Tier 3 (PEPRA)
 2% @ 62
 
 "New" CalPERS members hired on or after   
 January 1, 2013 pursuant to PEPRA*
 
* PEPRA - Public Employees Pension Reform Act

HEALTH

Medical
The City provides health insurance to eligible employees and dependents via the California Public Employees’ Retirement System(CalPERS) Health Benefit Program. The CalPERS program provides employees with several Health Maintenance Organization (HMO) and Preferred Provider Organization (PPO) options.

The City provides each eligible employee who participates in a City sponsored CalPERS Health Plan with an employer contribution towards the monthly health insurance premium.

Dental
The City provides dental insurance for employees and their eligible dependents.

Vision
The City provides vision insurance for eligible employees and their dependents via the Vision Service Plan (VSP) or a vision benefit for eligible employees and their dependents via the City’s reimbursement program (varies by MOU).

Flexible Benefits Plan
The City offers an Internal Revenue Code Section 125 Plan, which allows employees to contribute pre-tax income to the following accounts:

  • Health Care Reimbursement Account (up to $2,500 annually)
  • Dependent Care Reimbursement Account (up to $5,000 annually)


OTHER BENEFITS

Life Insurance
The City provides basic group term life insurance, the specific benefit amount varies by labor group.  Employees have the option of electing voluntary additional and dependent life at their expense.

Long-Term Disability Benefits
The City reclassifies the cost of the long term disability insurance to the employee’s salary. The employee then pays the actual monthly cost of the premium on an after-tax basis.

Deferred Compensation
Employees have the option of participating in the City sponsored deferred compensation account.  Some classifications receive an employer contribution per their respective MOU.

Retirement Health Savings (RHS) Account
The City contributes a specified amount to a Retirement Health Savings Account based upon an employee's hire date and years of service with the City. For example, an employee working for the City for 1 to 5 years would be eligible for a monthly contribution of $150.00. An employee working for the City for 11 to 15 years would be eligible for a monthly contribution of $250.00. Employees are vested in the Retiree Health Savings Account after 10 years of continuous service with the City.

PAID TIME OFF

Vacation
Vacation is accrued on a monthly basis based on years of service.

Holidays
The City observes twelve (12) holidays per year. In addition employees are granted two (2) floating holidays to be taken after 1 year of service.

Paid Sick Leave
Sick leave is earned at the rate of eight (8) hours per calendar month of service (with the exception of Unrepresented Management Group employees).