Classic/Legacy Employees Under the California Employees’ Pension Sample Clauses

Classic/Legacy Employees Under the California Employees’ Pension. Reform Act of 2013: An individual hired on or after January 1, 2013 who was employed by any public employer before January 1, 2013 and who does not meet the definition of “New Member” under the PEPRA will be designated as a Classic/Legacy Employee. Classic/Legacy Employees are defined as those individuals who are: A. Working for an employer providing CalPERS retirement benefits who begins employment with the City of Fountain Valley without a break in service or a break in service of less than six (6) months; or B. Current member of a public retirement system or plan with reciprocity with XxxXXXX. Classic/Legacy members will be covered under the 2% at 50 formula with the benefits specified below. 2% at 50 21362 Three year final compensation 20037 Different levels of benefits 20475 Pre-retirement Optional Settlement 2 Death Benefit 21548 Credit for Unused Sick Leave 20965 Public Service Credit for Periods of Layoff 21022 Public Service for Peace Corps or America Corps: VISTA Service 21023.5 Military Service Credit as Public Service 21024 Public Service Credit for Service Rendered to a Nonprofit Corporation 21026 Military Service Credit for Retired Persons 21027 Local System Service Credit Included in Basic Death Benefit 21536 Cancellation of Payments for Service Credit Purchase Upon Industrial Disability Retirement 21037
Sample 1
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Related to Classic/Legacy Employees Under the California Employees’ Pension

  • Public Employees Retirement System “PERS”) Members.

  • Long-Term Disability (Employee Paid Plans) a) All permanent Teachers shall participate in the long term disability plan (LTD Plan) as a condition of employment, subject to the terms of the LTD plan. b) The Board shall cooperate in the administration of the LTD Plan. It is understood that administration means that the Board will co-operate with the enrolment and deduction of premiums and provide available necessary data to the insurer, upon request. The Board will remit premiums collected to the carrier on behalf of the Teachers. c) Where the plan administrator implements changes in the terms and conditions of the LTD Plan or the selection of an insurance carrier, the Board shall, for administrative purposes, be advised of changes at least thirty (30) days prior to the date the changes are to be implemented.

  • Disabled Employees If an employee becomes disabled with the result that he is unable to carry out the regular functions of his position, the Hospital may establish a special classification and salary with the hope of providing an opportunity of continued employment.

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