CalPERS for definition
CalPERS for. “New Members” as Defined by ▇▇▇▇▇: Provided further that “New Members” as defined by ▇▇▇▇▇ who are hired by the City on or after January 1, 2013 shall be entitled to the retirement formula set forth in PEPRA. Provided further that until the expiration of this contract on June 20, 2015, the City shall provide Employer Paid Member Contributions of eight percent (8%) on behalf of New Members hired on or after January 1, 2013. At the expiration of this contract, all New Members hired on or after January 1, 2013 shall pay 50% of the normal share of cost required by PEPRA. New Members shall receive any other additional optional CalPERS benefits that the City provides to Legacy Employees as allowed by ▇▇▇▇▇.