CALPERS CONTRACT Sample Clauses

CALPERS CONTRACT. The City will continue to provide pension benefits to represented employees in accordance with the CalPERS contract in effect on the effective date of this MOU. The City's contract with CalPERS for employees covered by this MOU includes the following options: • Section 20042 (One Year Final Compensation, only applies to classic member employees) • Section 20516 (Employee Cost Share, only applies to classic member employees) • Section 20965 (Credit for Unused Sick Leave) • Sections 21624/ (Post-Retirement Survivor Allowance, only applies classic member 21626 employees) • Section 21620 (Retired Death Benefit of $500) • Section 21329 (COLA of 2%) • Section 21362.2 (3% @ 50 Benefit Formula, only applies to classic member employees) • Section 20903 (Two Years Additional Service – Golden Handshake) • Section 21635 (Post-Retirement Survivor Allowance Continues After Remarriage) • Section 21573 (Third Level of 1959 Survivor Benefits) • Section 21551 (Death Benefit Continues After Remarriage) • Section 20055 (Credit for Service Before CalPERS Contract) • Section 20938 (Limited Prior Service Credit to Employees on Contract Date) • Section 21536 (Local System Service Credit for Basic Death Benefit) • Section 20481 (Transfer of Local System Assets to CalPERS) • Section 21024 (Military Stats 76) • Section 21023.5 (Peace Corps/AmeriCorps Service) • Section 21027 (Military Retiree) • IRC 414(h)(2) (Pre-tax payroll deduction plan for member contributions and service credit purchase)
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CALPERS CONTRACT. The CITY shall contract with the state California Public Employees Retirement System (hereinafter referred to as CalPERS) to provide retirement benefits. The cost of CalPERS Retirement benefits is set by CalPERS and includes two rates:
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CALPERS CONTRACT. The City will continue to provide pension benefits to represented employees in accordance with the CalPERS contract in effect on the effective date of this MOU. The City's contract with CalPERS for fire safety employees includes the following options:  Section 20042 (One Year Final Compensation)  Section 20965 (Credit for Unused Sick Leave)  Sections 21624/21626 (Post-Retirement Survivor Allowance)  Section 21620 (Retired Death Benefit of $500)  Section 21329 (COLA of 2%)  Section 20903 (Two Years Additional Service – Golden Handshake)  Section 21635 (Post-Retirement Survivor Allowance Continues After Remarriage)  Section 21573 (Third Level of 1959 Survivor Benefits)  Section 21551 (Death Benefit Continues After Remarriage)  Section 20055 (Credit for Service Before CalPERS Contract)  Section 20938 (Limited Prior Service Credit to Employees on Contract Date)  Section 21536 (Local System Service Credit for Basic Death Benefit)  Section 20481 (Transfer of Local System Assets to CalPERS)  Section 21427 (Disability Retirement - Maximum 50% of Final Compensation)  Section 21024 (Military Stats 76)  Section 21022 (Public Service Layoff)  Section 21548 (Pre-Retirement Option 2W)  Section 21027 (Military Retiree)  IRC 414(h)(2) (Pre-tax payroll deduction plan for service credit purchase)
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CALPERS CONTRACT. 10 B. THE PUBLIC EMPLOYEE PENSION REFORM ACT (PEPRA)......................... 10 C. CLASSIC CALPERS MEMBERS........................................................................ 11 D. PEPRA CALPERS MEMBERS........................................................................... 11 E. AB 1222 PEPRA EXEMPTION FOR TRANSIT EMPLOYEES........................... 12
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Related to CALPERS CONTRACT

  • Waivers - Contract The failure of the County in any one or more instances to insist upon strict performance of any of the terms of this Contract or to exercise any option contained herein shall not be construed as a waiver or relinquishment to any extent of the right to assert or rely upon any such terms or option on any future occasion.

  • Service Contracts (a) The Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory, management and/or administrative services for the Trust or for any Series with any Person; and any such contract may contain such other terms as the Trustees may determine, including without limitation, authority for the Investment Adviser to determine from time to time without prior consultation with the Trustees what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested and to make changes in the Trust's investments, and such other responsibilities as may specifically be delegated to such Person.

  • Service Contract The Parties intend this Agreement to be a "service contract" within the meaning of Section 7701(e)(3) of the Internal Revenue Code of 1986.

  • Sub-Contract The contractor shall not subcontract any or all of the supply without written consent of the purchaser. The contractor shall solely be responsible to the Purchaser for all the supply including that of the sub-contractor, if allowed by the purchaser

  • Construction Contracts Item A: Enter the total dollar amount of all contacts awarded on the project/ program. Item B: Enter the total dollar amount of contracts connected with this project/program that were awarded to Section 3 businesses.

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