Maximum Retirement Benefit. In the event the Public Employees’ Retirement Law is amended to allow such action, the County may elect to amend its contract with PERS to provide a maximum benefit of ninety percent (90%) of final compensation for employees hired on or after the effective date of the amendment.
Appears in 2 contracts
Sources: Memorandum of Understanding, Memorandum of Understanding
Maximum Retirement Benefit. In the event the Public Employees’ Employees Retirement Law is amended to allow such action, the County may elect to amend its contract with PERS to provide a maximum benefit of ninety percent (90%) of final compensation for employees hired on or after the effective date of the amendment.
Appears in 1 contract
Sources: Memorandum of Understanding