Common use of Retirement Reporting Clause in Contracts

Retirement Reporting. Contractor must reveal to ▇▇▇▇▇ if any of the Contractor’s employees working under this Contract have retired from the California State Teachers’ Retirement System (“CalSTRS”) or the California Public Employees’ Retirement System (“CalPERS”). Under California Education Code Section 24214 and 24214.5, there are postretirement limitations on earnings if Contractor’s employees have retired from CalSTRS and hours worked limitations if Contractor’s employees have retired from CalPERS. If Contractor’s employees have retired from either CalSTRS or CalPERS, Contractor should be aware that LACOE must report all payments under this and any additional Agreements in any given year.

Retirement Reporting. Contractor must reveal disclose to ▇▇▇▇▇ if any of the Contractor’s employees working under this Contract have retired from the California State Teachers’ Retirement System (“CalSTRS”) or the California Public Employees’ Retirement System (“CalPERS”). Under Pursuant to California Education Code Section 24214 and 24214.5, there are postretirement limitations on earnings if Contractor’s employees have retired from CalSTRS and hours worked limitations if Contractor’s employees have retired from CalPERS. If Contractor’s employees have retired from either CalSTRS or CalPERS, Contractor should be aware that LACOE must ▇▇▇▇▇ is required to report all payments under this and any additional Agreements in any given year.

Retirement Reporting. Contractor must reveal disclose to ▇▇▇▇▇ LACOE if any of the Contractor’s employees working under this Contract have retired from the California State Teachers’ Retirement System (“CalSTRS”) or the California Public Employees’ Retirement System (“CalPERS”). Under Pursuant to California Education Code Section 24214 and 24214.5, there are postretirement limitations on earnings if Contractor’s employees have retired from CalSTRS and hours worked limitations if Contractor’s employees have retired from CalPERS. If Contractor’s employees have retired from either CalSTRS or CalPERS, Contractor should be aware that LACOE must is required to report all payments under this and any additional Agreements in any given year.