Portola Valley considers budget, election | June 26, 2013 | Almanac | Almanac Online |


http://almanacnews.com/print/story/print/2013/06/26/portola-valley-considers-budget-election


Almanac

News - June 26, 2013

Portola Valley considers budget, election

Two notable items are in Portola Valley's new budget: Town Hall employees hired in 2013 or later must contribute 6.25 percent of their base pay toward their retirement accounts, and must wait until they're 62 before retiring with the maximum benefit. (For the other staff members, the town pays 100 percent of their pension contribution and they can retire with maximum benefits at 55.)

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