DETERMINATION OF FINAL COMPENSATION. For employees hired before May 8, 2011, County’s CalPERS miscellaneous contract provided employees with the “single highest year” retirement formula. The County amended its contract with CalPERS on May 8, 2011; final compensation for employees hired after that date are based upon the “average of the employee’s highest three years” of CalPERS enrollment.
Appears in 4 contracts
Samples: Letter Agreement, Memorandum of Understanding, Memorandum of Understanding
