Common use of Employees Hired Before June 27, 2005 Clause in Contracts

Employees Hired Before June 27, 2005. Employees are covered by the CalPERS "3% @ 50" benefit formula. This plan provides 3 percent of pay at age 50 for each year of service credited with the City.

Employees Hired Before June 27, 2005. Employees are covered by the CalPERS "“3% @ 50" ” benefit formula. This plan provides 3 percent of pay at age 50 for each year of service credited with the City.