CalPERS Retirement Plan Sample Clauses

CalPERS Retirement Plan. Employees covered by this Agreement participate in the California Public Employees Retirement System (CalPERS). Employee options are described in a contract between the City of Xxxxxx and the California Public Employees’ Retirement System and are incorporated into this Memorandum of Understanding.
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CalPERS Retirement Plan. The Authority shall contract with CalPERS for the purpose of providing all regular employees with pension plan benefits. “Classic Members” of CalPERS The benefit formula for “Classic Members” of CalPERS, as defined by XxxXXXX, shall be "2.7% @ 55." Participation in a CalPERS pension plan requires both an employer and an employee contribution. The Authority shall pay the full amount of any employer contribution required by XxxXXXX. Employees who are not defined as “new members” under the California Public Employees’ Pension Reform Act (“PEPRA”) will be required to pay 100% of the 8% required member contribution to CalPERS. In any case, employees shall pay no more than 100% of the member contribution required by PERS. “New Members” of CalPERS Employees who are defined as “new members” under PEPRA shall have the PEPRA 2% at 62 defined benefit formula. Employees defined as “new members” under PEPRA will be subject to all PEPRA provisions, including that they pay 50% of the total normal cost of the retirement benefit, as determined by XxxXXXX.
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CalPERS Retirement Plan. 4.1 Tier I: Bargaining unit members hired on or before November 1, 2011:
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CalPERS Retirement Plan. The City shall provide retirement benefits through a contract with the Public Employees Retirement System (CalPERS). The City’s retirement plan is the 2.5% at 55 Plan for “classic” employees as defined by PEPRA and CalPERS. Employees hired on or after January 1, 2013 that are “New Members” as defined by XXXXX and CalPERS are under the 2% at 62 Plan.
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CalPERS Retirement Plan. Employee shall be entitled to participate in the California Public Employees Retirement System program based on section 21354.4, 2.5%at 55 full formula, as provided in Resolution 2019-03, or any superseding Resolution. The Board reserves the right to adjust the retirement component of the General Manager's contract for the period beginning January 1, 2022 through June 30, 2024.
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CalPERS Retirement Plan. The City provides the 2.7% at 55 full retirement formula, as provided by Government Code § 21354.5. The City has elected and continues to elect to be subject to the following optional retirement provisions:
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Related to CalPERS Retirement Plan

  • Oregon Public Service Retirement Plan Pension Program Members For purposes of this Section 2, “employee” means an employee who is employed by the State on or after August 29, 2003 and who is not eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Public Employees Retirement System “PERS”) Members. For purposes of this Section 1, “employee” means an employee who is employed by the State on August 28, 2003 and who is eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Pre-Retirement Leave An employee scheduled to retire and to receive a superannuation allowance under the applicable Superannuation Act(s), or who has reached the mandatory retiring age, shall be entitled to:

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • RETIREMENT PICK-UP 257. For the term of this Agreement, the CITY shall pick up the full amount of the employees’ contribution to retirement.

  • Non-Retirement Savings Accounts An account maintained in the Cayman Islands (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of the Cayman Islands.

  • Group Registered Retirement Savings Plan 9.9.1 The College agrees to implement a group Registered Retirement Savings Plan for participation by employees. For regular employees who wish to participate in the Plan, the College agrees to contribute the total amount of the annual contribution by the fifteenth of the first month of the Benefit Year. The employee shall repay that contribution through payroll deduction in equal instalments throughout the Benefit Year.

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