Retirement Formulas. 16.1.1 Effective December 16, 1992, the Town's contract with the Public Employees’ Retirement System (PERS) provided the 2% at 55 retirement formula for eligible Miscellaneous Town employees (regular employees). 16.1.2 Tier 1
Appears in 2 contracts
Sources: Memorandum of Understanding, Memorandum of Understanding
Retirement Formulas. 16.1.1 Effective December 16, 1992, the Town's contract with the Public Employees’ Retirement System (PERS) provided the 2% at 55 retirement formula for eligible Miscellaneous Town employees (regular employees).
16.1.2 Tier 1 Effective July 1, 2008, the Town amended its contract with PERS to include a 2.5% at 55 PERS retirement benefit (Gov’t Code
Appears in 1 contract
Sources: Memorandum of Understanding