Ventura County Grand Jury • 1996-1997

Retirement for Rehired Retired Employees

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Findings and Recommendations 4 findings

F1
Tier 1 is calculated on the highest 12 months of consecutive services.
No recommendations for this finding
F2
Tier 2 is calculated on the highest 3 years of consecutive services.
No recommendations for this finding
F3
Employee’s age is a more significant factor in Tier 1 than Tier 2.
No recommendations for this finding
F4
Cost of living increases are built into the Tier 1 retirement package but not in Tier 2 22 CONCLUSION The Grand Jury found a reasonable, simplified definition of the Tier 1 and Tier 2 Retirement Programs and offered their simplified definitions to County employees.
No recommendations for this finding