Common use of PERS Clause in Contracts

PERS. D.1.a. The retirement benefit shall include Section 21363.2 (3% @ 50) formula. Pursuant to the Public Employees’ Pension Form Act of 2013 (PEPRA), the 3% @ 50 formula is only applicable to employees identified by the California Public Employees’ Retirement System (PERS) as Classic Members (generally employees who became PERS members prior to January 1, 2013). Pursuant to PEPRA, the City is mandated to provide a 2.7% @ 57 PERS Retirement Formula to employees PERS identifies as New Members (generally employees who became PERS members on or after January 1, 2013).

PERS. D.1.a. The Effective June 30, 2001 the retirement benefit shall include Section 21363.2 (3% @ 50) formula. Pursuant to the Public Employees’ Pension Form Act of 2013 (PEPRA), the 3% @ 50 formula is only applicable to employees identified by the California Public Employees’ Retirement System (PERS) as Classic Members (generally employees who became PERS members prior to January 1, 2013). Pursuant to PEPRA, the City is mandated to provide a 2.7% @ 57 PERS Retirement Formula to employees PERS XXXX identifies as New Members (generally employees who became PERS members on or after January 1, 2013).

PERS. D.1.a. The retirement benefit shall include Section 21363.2 (3% @ 50) formula. Pursuant to the Public Employees’ Pension Form Act of 2013 (PEPRA), the 3% @ 50 formula is only applicable to employees identified by the California Public Employees’ Retirement System (PERS) as Classic Members (generally employees who became PERS members prior to January 1, 2013). Pursuant to PEPRA, the City is mandated to provide a 2.7% @ 57 PERS Retirement Formula to employees PERS XXXX identifies as New Members (generally employees who became PERS members on or after January 1, 2013).

PERS. D.1.a. The Effective June 30, 2001 Tthe retirement benefit shall include Section 21363.2 (3% @ 50) formula. Pursuant to the Public Employees’ Pension Form Act of 2013 (PEPRA), the 3% @ 50 formula is only applicable to employees identified by the California Public Employees’ Retirement System (PERS) as Classic Members (generally employees who became PERS members prior to January 1, 2013). Pursuant to PEPRA, the City is mandated to provide a 2.7% @ 57 PERS Retirement Formula to employees PERS XXXX identifies as New Members (generally employees who became PERS members on or after January 1, 2013).