Benefit Levels. 1. Miscellaneous shall be three percent (3%) at age sixty (60). a. Should CalPERS offer a 3% @ 50, 2% @ 50 or other enhancement benefit at some point in the future, the District and the Union agree to meet and confer. b. The District shall, in accordance with PERS procedures, pass the necessary Resolution(s) to treat Employer Paid Member Contributions (EPMC) as PERS reportable compensation for retirement purposes. c. The tax/retirement and other consequences, if any, of the above referenced changes are the responsibility of the employee.
Appears in 2 contracts
Sources: Memorandum of Understanding, Memorandum of Understanding