The new rule, which applies only to workers hired after September 1, 2011, requires that employees pay their 7% contribution.
Of the $2.8 million salary allocation for this fiscal year, more than $935,000 was ear marked for pension and healthcare benefits.
From the Santa Rosa Press Democrat:
Sonoma-Marin Area Rail Transit directors on Wednesday lowered the amount that the agency contributes to the pension plan of new employees.
The transit agency currently contributes the employees’ share, 7 percent of their salary, on top of SMART’s contribution, 13 percent, to the California State Employees Retirement System, or CalPERS.
Under the change, workers hired since Sept. 1 will pay the 7 percent, which would be eligible for a tax-deferral.
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