PERS Formula Sample Clauses

PERS Formula. Miscellaneous employees hired on or before December 16, 2010 shall receive the single highest year and 2.5% at 55 benefit formula provided through the Public Employees’ Retirement System (PERS). Miscellaneous employees hired on or after December 17, 2010 shall receive average of three (3) consecutive highest years and 2% at 55 benefit formula provided through the Public Employees’ Retirement System (PERS).