CalPERS Contract Benefits Sample Clauses

CalPERS Contract Benefits. The City has contracted with CalPERS to provide the following benefits for Association members as described in the applicable Government Code Sections: One Year Final Compensation for Pre-PEPRA members – Section 20042 Three Year Final Compensation for PEPRA members – Section 20037 Unused Sick Leave Credit – Section 20965 Pre-Retirement Option 2W Death Benefit – Section 2154 Post-Retirement Survivor Allowance – Section 21624/26/28 Post-Retirement Survivor Allowance to Continue After Remarriage – Section 2163 Pre-Retirement Death Benefits to Continue After Remarriage of Survivor – Section 21551 Military Service Credit as Public Service – Section 21024 1959 Survivor Benefit Level 3 – Section 21573 $500 Retired Death Benefit – Section 21620
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CalPERS Contract Benefits. The City currently participates through a contract in the California Public Employees Retirement System (CalPERS). For “Classic” Miscellaneous Members, the contract offers the following options: ▪ Military Buy Back - The choice to participate in the CalPERS Military Buy Back program is solely at the discretion and cost of the employee. ▪ Third Level 1959 Survivors Benefits ▪ Single Highest Year Compensation Formula ▪ Service Credit for Unused Sick Leave
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CalPERS Contract Benefits. All other current retirement benefits including the optional benefit programs in the existing contract between the County and CalPERS for miscellaneous members shall remain in effect to the extent permitted by law.
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Related to CalPERS Contract Benefits

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one)

  • Death Benefits Upon the Executive’s death during the Contract Period, the Executive’s estate shall not be entitled to any further benefits under this Agreement.

  • Specific Benefits Without limiting the generality of Section 3.3, the Executive shall be entitled to paid vacation of not less than the greater of (a) 20 business days per year or (b) the number of paid business vacation days provided to other senior executives of the Company (to be taken at reasonable times in accordance with the Company’s policies). Any accrued vacation not taken during any year may be carried forward to subsequent years; provided, that the Executive may not carry forward more than ten business days of unused vacation in any one year.

  • Settlement Benefits WHAT YOU GET

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