(b) - New Member - Defined Clause Samples

(b) - New Member - Defined a) A member who first established CalPERS membership prior to January 1, 2013, and who is rehired by a different CalPERS employer after a break in service of greater than six months; or b) A new hire who is brought into CalPERS membership for the first time on or after January 1, 2013, and who has no prior membership in any California public retirement system; or c) A new hire who is brought into CalPERS membership for the first time on or after January 1, 2013, and who either (1) is not eligible for reciprocity with another California public retirement system, (2) did not become a member of a reciprocal California public retirement system until on or after January 1, 2013, or (3) has a break in service of greater than six months from their reciprocal California public retirement system. a) 2% @ 62 Formula for Miscellaneous/Industrial Members, Section 7522.20, 1/1/2013;