PEPRA definition
Examples of PEPRA in a sentence
In light of the California Public Employees’ Pension Reform Act of 2013 (PEPRA), all unit members, other than “new members” as defined by PEPRA and/or California Government Code section 7522.04(f), shall individually pay a total of 7%, of “compensation earnable” as defined in Government Code section 20636, representing the member employee’s contribution to the CalPERS.
All other required contributions for unit members other than “new members” as defined by the PEPRA and/or California Government Code section 7522.04(f) shall be made by the City.
Except as disallowed by law, the salary used for this calculation will include the employee’s base salary and any special compensation, as defined by California Code of Regulations (CCR) section 571 for “Classic” members and 571.1 for “New” PEPRA members.
To the extent this Agreement conflicts with any provision of PEPRA, PEPRA will govern.
Newly hired employees on or after January 1, 2013 shall be required to pay 6.2% or 50% of normal cost, whichever is greater, and be in compliance with the California Public Employee’s Pension Reform Act (PEPRA).