PEPRA definition

PEPRA means the California Public Employees’ Pension Reform Act of 2013. (Cal Gov. Code § 7522 et seq.)
PEPRA sworn employees represented under this MOU shall pay 100% of the employee’s share of the Public Employees Retirement System(PERS) contribution for Safety Members, which is currently 12%. 1.3
PEPRA means the California Public Employees' Pension Reform Act of 2013. The provisions of this Plan that are intended to satisfy PEPRA's requirements shall be construed in accordance with the requirements of PEPRA and the guidance thereunder.

Examples of PEPRA in a sentence

  • For PEPRA members, the member contribution rate is based on 50 percent of the normal cost.

  • A development of PEPRA member contribution rates can be found in Appendix D.

  • The projected normal cost percentages do not reflect that the normal cost will decline over time as new employees are hired into PEPRA or other lower cost benefit tiers.

  • The projected normal cost percentages in the projections below do not reflect that the normal cost will decline over time as new employees are hired into PEPRA or other lower cost benefit tiers.

  • Due to the passage of PEPRA, CalSTRS DB Program has two benefit structures, 2% at 60 and newer 2% at 62 and both require a policy for setting the contribution rate.


More Definitions of PEPRA

PEPRA. Employees The City shall provide 2% @ 62 retirement plan as provided under California Public Employees (CalPERS) retirement system. Employees will pay 100% of their share the employee’s retirement contribution.
PEPRA means the California Public EmployeesPension Reform Act which took effect on January 1, 2013.
PEPRA is the Public Employees Pension Reform Act of 2013.
PEPRA. (Employed by the City or other eligible public agency on or after January 1, 2013, as defined by XxxXXXX) non-sworn unit employees shall be provided the benefit of the Miscellaneous Members 2%@62 retirement formula.
PEPRA means the California Public Employees' Pension Reform Act of 2013, as it may be amended from time to time.