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Oakland Police Union, City Agree on New Pension Deal

August 10, 2010  | 

Oakland's police union said Monday that its members agreed to pay more into their pensions and accepted a later retirement for new hires, concessions that depend on voters passing a four-year, $360-a-year parcel tax in November.

If voters pass the ballot measure, the City Council has agreed to lay off no officers for three years.

However, if voters do not pass the parcel tax and a modification of a prior parcel tax also on the November ballot, the department would be left with roughly 574 officers. In December of 2008, the department had a record high of 837 officers, but now has 686 due to attrition and the layoffs of 80 officers on July 13.

Read Full Story at SFGate.com


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