Common use of Police Clause in Contracts

Police. City participates in the Public Employees Retirement System (PERS). The Public Employees’ Pension Reform Act (PEPRA) of 2013 applies to all public employers and public pension plans which include CalPERS. (New member = no prior PERS/reciprocal employment or a break in service greater than 6 months) Benefits include: Section 7522.25 (2.7% @ 57 Safety Formula) Section 20037 (Three Year Final Compensation) Employee contribution = 50% of Total Normal Cost,. Contribution amount is recalculated each year by CalPERS actuarial study. (Classic member = prior PERS/reciprocal employment with less than 6 month break in service) Benefits include: Section 21362 (2% @ 50 Safety Formula), Section 20037 (Three-Year Final Compensation) Employee contribution (Section 20678) = 9% Employees shall pay a combined total of twelve percent (12%) (9% employee contribution plus 3% employer contribution) towards CalPERS retirement. The 3% shall be paid into the employee’s individual CalPERS account via a CalPERS contract amendment. Benefits include: Section 21362.2 (3% @ 50 Safety Formula) Section 20042 (One Year Final Compensation) Employee contribution (Section 20678) = 9% Employees shall pay a combined total of twelve percent (12%) (9% employee contribution plus 3% employer contribution) towards CalPERS retirement. The 3% shall be paid into the employee’s individual CalPERS account via a CalPERS contract amendment. Section 21024 (Military Service Credit as Public Service) Section 21548 (Pre-Retirement Option 2W Death Benefit) Section 21574 (Fourth Level of 1959 Survivor Benefits) Sections 21624, 21626 and 21628 (Post-Retirement Survivor Allowance)