California Public Employees’ Retirement System. (“CalPERS”). Employee is a “Classic” local miscellaneous member, and accordingly is covered by the 2% @ 60 CalPERS retirement formula. Employee will pay the mandatory CalPERS contribution rate for “Classic” members as determined by CalPERS, which amount is currently 7.0%.
Appears in 3 contracts
Samples: Employment Agreement, Employment Agreement, City Clerk Employment Agreement
California Public Employees’ Retirement System. (“CalPERS”). Employee is a “Classic” local miscellaneous second tier member, and accordingly is covered by the 2% @ 60 CalPERS retirement formula. Employee will pay the mandatory CalPERS contribution rate for “Classic” second tier members as determined by CalPERS, which amount is currently 7.0%.
Appears in 1 contract
California Public Employees’ Retirement System. (“CalPERS”). Employee is a “Classic” local miscellaneous member, and accordingly is covered by the 2% @ 60 CalPERS retirement formulaformula (Miscellaneous Second Tier). Employee will pay the mandatory CalPERS contribution rate for miscellaneous second tier “Classic” members as determined by CalPERS, which amount is currently 7.0%.
Appears in 1 contract
Samples: City Manager Employment Agreement
