Retirement Formula. Regular employees holding County employment shall be members of the Public Employees’ Retirement System (PERS) as provided by law and the terms of the contract in effect between the County and the Public Employees’ Retirement System. The County will maintain the following Retirement Programs for Classic PERS Members: The 2% @ 55 PERS formula shall be provided for Miscellaneous Retirement category employees. The County will maintain the following Retirement Programs for PEPRA New Members (entering CalPERS membership on or after January 1, 2013): The 2% @ 62 PERS formula shall be provided for Miscellaneous Retirement category employees.
Appears in 6 contracts
Sources: Master Labor Agreement, Master Labor Agreement, Master Labor Agreement
Retirement Formula. Regular employees holding County employment shall be members of the Public Employees’ Retirement System (PERS) as provided by law and the terms of the contract in effect between the County and the Public Employees’ Retirement System. The County will maintain the following Retirement Programs for Classic PERS Members: The 2% @ 55 PERS formula shall be provided for Miscellaneous Retirement category employees. The County will maintain the following Retirement Programs for PEPRA New Members (entering CalPERS membership on or after January 1, 2013): The 2% @ 62 PERS formula shall be provided for Miscellaneous Retirement category employees.employees.
Appears in 2 contracts
Sources: Master Labor Agreement, Master Labor Agreement