Common use of CALPERS CONTRACT Clause in Contracts

CALPERS CONTRACT. The City will continue to provide pension benefits to represented employees in accordance with the CalPERS contract in effect on the effective date of this MOU. The City's contract with CalPERS for fire safety employees includes the following options: • Section 20042 (One Year Final Compensation) • Section 20965 (Credit for Unused Sick Leave) • Sections 21624/21626 (Post-Retirement Survivor Allowance) • Section 21620 (Retired Death Benefit of $500) • Section 21329 (COLA of 2%) • Section 20903 (Two Years Additional Service – Golden Handshake) • Section 21031 (Purchase of Prior Service Credit) • Section 21635 (Post-Retirement Survivor Allowance Continues After Remarriage) • Section 21573 (Third Level of 1959 Survivor Benefits) • Section 21551 (Death Benefit Continues After Remarriage) • Section 20055 (Credit for Service Before CalPERS Contract) • Section 20938 (Limited Prior Service Credit to Employees on Contract Date) • Section 21536 (Local System Service Credit for Basic Death Benefit) • Section 20481 (Transfer of Local System Assets to CalPERS) • Section 21427 (Disability Retirement - Maximum 50% of Final Compensation)

CALPERS CONTRACT. The City will continue to provide pension benefits to represented employees in accordance with the CalPERS contract in effect on the effective date of this MOU. The City's contract with CalPERS for fire safety employees includes the following options: •  Section 20042 (One Year Final Compensation) •  Section 20965 (Credit for Unused Sick Leave) •  Sections 21624/21626 (Post-Retirement Survivor Allowance) •  Section 21620 (Retired Death Benefit of $500) •  Section 21329 (COLA of 2%) •  Section 20903 (Two Years Additional Service – Golden Handshake) • Section 21031 (Purchase of Prior Service Credit) •  Section 21635 (Post-Retirement Survivor Allowance Continues After Remarriage) •  Section 21573 (Third Level of 1959 Survivor Benefits) •  Section 21551 (Death Benefit Continues After Remarriage) •  Section 20055 (Credit for Service Before CalPERS Contract) •  Section 20938 (Limited Prior Service Credit to Employees on Contract Date) •  Section 21536 (Local System Service Credit for Basic Death Benefit) •  Section 20481 (Transfer of Local System Assets to CalPERS) •  Section 21427 (Disability Retirement - Maximum 50% of Final Compensation)  Section 21024 (Military Stats 76)  Section 21022 (Public Service Layoff)  Section 21548 (Pre-Retirement Option 2W)  Section 21027 (Military Retiree)  IRC 414(h)(2) (Pre-tax payroll deduction plan for service credit purchase)