Common use of CALPERS-RETIREMENT CONTRIBUTION AND CALPERS OPTIONAL BENEFITS Clause in Contracts

CALPERS-RETIREMENT CONTRIBUTION AND CALPERS OPTIONAL BENEFITS. 5.1 CALPERS FORMULA AND CONTRIBUTION: The pension reforms required by the California Public Employees’ Pension Reform Act of 2013 (Article 4 (commencing with Section 7522) of Chapter 21 of Division 7 of Title 1 of the Government Code) (hereinafter “PEPRA”) have been implemented as shall be any amendments thereto or related statutes that are enacted with similar mandatory provisions. Implementation of any pension reforms that are not made mandatory by PEPRA or required by law shall still necessitate that the City and IBEW 1245 representatives meet and confer over such non- mandatory changes before they may be implemented as required by the Xxxxxx-Xxxxxx- Brown Act (Government Code Sections 3500-3511)(hereinafter the “MMBA”). 5.2 The City provides the following CalPERS optional benefits: a. Credit for Unused Sick Leave & Highest Year: This transfers unused accumulated sick leave into service credit at retirement, and the “one-year highest compensation” CalPERS benefits.

CALPERS-RETIREMENT CONTRIBUTION AND CALPERS OPTIONAL BENEFITS. 5.1 5-1 CALPERS FORMULA AND CONTRIBUTION: The pension reforms required by the California Public Employees’ Pension Reform Act of 2013 (Article 4 (commencing com- mencing with Section 7522) of Chapter 21 of Division 7 of Title 1 of the Government Govern- ment Code) (hereinafter “PEPRA”) have been shall be implemented as shall be well as any amendments amend- ments thereto or related statutes that are enacted with similar mandatory provisionsprovi- sions. Implementation This does not include implementation of any pension reforms that are not made mandatory by PEPRA or and to the extent required by law shall still necessitate that law, the City and IBEW 1245 representatives will meet and confer in the future over such non- mandatory any other changes resulting from PEPRA or related statutes before they may will be implemented as required by the Xxxxxx-Xxxxxx- Brown Act (Government Code Sections 3500-3511)(hereinafter the “MMBA”)implement- ed. 5.2 5-2 The City provides the following CalPERS optional benefits: a. Credit for Unused Sick Leave & Highest Year: This transfers unused accumulated sick leave into service credit at retirement, and the “one-year highest compensation” CalPERS benefits.

CALPERS-RETIREMENT CONTRIBUTION AND CALPERS OPTIONAL BENEFITS. 5.1 CALPERS FORMULA AND CONTRIBUTION: The pension reforms required by the California Public Employees’ Pension Reform Act of 2013 (Article 4 (commencing with Section 7522) of Chapter 21 of Division 7 of Title 1 of the Government Code) (hereinafter “PEPRA”) have been implemented as shall be any amendments thereto or related statutes that are enacted with similar mandatory provisions. Implementation of any pension reforms that are not made mandatory by PEPRA or required by law shall still necessitate that the City and IBEW 1245 representatives meet and confer over such non- non-mandatory changes before they may be implemented as required by the Xxxxxx-Xxxxxx- Brown Xxxxxx-Xxxxx Act (Government Code Sections 3500-3511)(hereinafter the “MMBA”). 5.2 The City provides the following CalPERS optional benefits: a. Credit for Unused Sick Leave & Highest Year: This transfers unused accumulated sick leave into service credit at retirement, and the “one-year highest compensation” CalPERS benefits.