Common use of CalPERS MISCELLANEOUS EMPLOYEES Clause in Contracts

CalPERS MISCELLANEOUS EMPLOYEES. The County shall continue all eligible miscellaneous employees (hired prior to May 8, 2011) under CalPERS the 2% @ age 55 service retirement formula. The County shall pay the full share of the employer contributions associated with this formula as determined by XxxXXXX. The County amended its contract with CalPERS effective May 8, 2011 so that all newly hired employees between that date and January 1, 2013 are enrolled in the 2% @ age 60 service retirement formula. Employees hired on January 1, 2013 and thereafter shall be enrolled in the 2% @ age 62 formula or the 2% @ age 60 formula as determined by CalPERSin compliance with California state law.

CalPERS MISCELLANEOUS EMPLOYEES. The County shall continue provide all eligible miscellaneous current employees (hired prior to May 8, 2011) under CalPERS CalPERS, the 2% @ age 55 service retirement formula. Those hired after May 8, 2011, but prior to January 1, 2013, will be entered into the CalPERS 2% @ age 60 retirement formula. The County shall pay the full share of the required employer contributions associated with this formula as determined by XxxXXXX. The County amended its contract with CalPERS effective May 8, 2011 so that all newly hired employees between that date and January 1, 2013 are enrolled in the 2% @ age 60 service retirement formula. Employees hired on January 1, 2013 and thereafter shall be enrolled in the 2% @ age 62 formula or the 2% @ age 60 CalPERS formula as determined required by CalPERSin compliance with California state law.

CalPERS MISCELLANEOUS EMPLOYEES. The County shall continue all eligible miscellaneous employees (hired prior to May 828, 2011) under CalPERS the 2% @ age 55 service retirement formula. The County shall pay the full share of the employer contributions associated with this formula as determined by XxxXXXXCalPERS. The County amended its contract with CalPERS effective May 828, 2011 so that all newly hired employees between that date and January 1, 2013 are enrolled in the 2% @ age 60 service retirement formula. Employees hired on January 1, 2013 and thereafter shall be enrolled in the 2% @ age 62 formula or the 2% @ age 60 formula as determined by CalPERSin CalPERS in compliance with California state law.

CalPERS MISCELLANEOUS EMPLOYEES. The County shall continue all eligible miscellaneous employees (hired prior to May 828, 2011) under CalPERS the 2% @ age 55 service retirement formula. The County shall pay the full share of the employer contributions associated with this formula as determined by XxxXXXX. The County amended its contract with CalPERS effective May 828, 2011 so that all newly hired employees between that date and January 1, 2013 are enrolled in the 2% @ age 60 service retirement formula. Employees hired on January 1, 2013 and thereafter shall be enrolled in the 2% @ age 62 formula or the 2% @ age 60 formula as determined by CalPERSin CalPERS in compliance with California state law.