Retention Incentive Program. • Effective June 18, 2021, increase the retention incentive to 5% for employees with 20 years of service with the County of San Diego. • Effective for all “new members”, as defined by Government Code section 7522.04(f), hired into the bargaining units on or after implementation of Safety Tier D (i.e., 2.5% @ 57 formula), an additional retention premium of 5% (for a total of 10%) at 25 years of service with the County of San Diego.
Retention Incentive Program. EXEMPT EMPLOYEES Exempt Employees in the Administrative & Technical Support Bargaining Unit have the opportunity to participate in a supplemental retirement savings account, 457 Deferred Compensation Plan, which provides tenure and savings incentives. Through tax-deferred payroll deductions, Exempt Employees are eligible to deposit funds into their account, up to the maximum allowed by law. Beginning with the employee’s third (3rd) consecutive year of service, the City will match up to one percent (1%) of their base pay into the employee’s deferred compensation account. That amount increases to two percent (2%) beginning with the employee’s fifth (5th) year of service; three percent (3%) beginning with the employee’s sixth (6th) year of service; four percent (4%) beginning with the employee’s eighth (8th) year of service and up to five percent (5%) beginning with the employee’s tenth (10th) year and thereafter. The employee’s match may come from any excess health benefit.
