Optional Provisions Added. Optional Public Agency Provisions under the Public Employees' Retirement System shall also be provided as follows: 1. Effective April 1, 1969, 1959 Survivor Allowance as set forth in Article 6 of Chapter 9 of the Public Employees' Retirement Law (commencing with Section 21380 of the Government Code), which will provide the third tier of benefits. Effective July 9, 2007, 1959 Survivor Allowance as authorized by Section 21574 of the Government Code, which will provide the fourth level of survivor benefits. 2. Effective March 16, 1989, retirement benefits for employees hired before the date of the City’s 2011 amendment of its contract with CalPERS will be calculated based on one (1) year highest compensation as authorized by Section 20042 of the Government Code. 3. Retirement benefits for employees hired on or after the date of the City’s 2011 amendment of its contract with CalPERS will be calculated based on the average of three years of compensation as authorized by Section 20037 of the Government Code. 4. Effective July 9, 2007, Pre-Retirement Optional Settlement 2 Death Benefits as authorized by Section 21548.
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