Employees Hired On or After. July 1, 2011 Employees are covered by the CalPERS “3% @ 55” benefit formula. This plan provides 3 percent of pay at age 55 for each year of service credited with the City. Effective September 12, 2011, the employee will pay 9 percent of the member’s required contribution.
Employees Hired On or After. January 1, 2013 This Section B shall apply to CalPERS eligible employees hired on or after January 1, 2013, who are do not qualify for pension reciprocity pursuant to Government Code Section 7522.02(c). All of the following requirements apply to these employees:
Employees Hired On or After. January 1, 2021 Any employee hired on or after January 1, 2021, shall accrue, upon hire, eighty (80) hours of COVID-related leave. All leaves described in this paragraph, are subject to Paragraph 4.c, below. In addition, this leave is not subject to cash-out and cannot be used for additional retirement service credit (years of service) at retirement. In no event shall leave accruals described in this paragraph extend beyond June 30, 2021.
Employees Hired On or After. July 1, 2012 Who Are Not Defined As “New Members” Under the Public Employees’ Pension Reform Act of 2013 .
Employees Hired On or After. 2/1/88: For those employed on or after February 1, 1988, the maximum amount paid by the Board for retiree medical benefits shall be the amount the Board would have been required to pay had the retiree selected the medical plan with the lowest premium amount. For those retirees who relocate upon retirement to other areas of California, or to another state in the United States, the retiree will be required to inform the Board of the plans available in the new geographic location and to provide proof of coverage. When the retiree does the foregoing, the Board will pay an amount equal to the lowest premium of the plans available, but in no event exceeding the cap in effect at the time.
Employees Hired On or After. 7/1/92: For unit members whose first day of paid service commences on or after July 1, 1992, to be eligible for Board-paid retiree medical and dental benefits, the retiree must have twenty (20) full years of service within the District; must be at least 55 years of age; must be currently employed by the Board at the time of retirement; and the age at retirement of the retiree (in full years) when added to the number of full years of service must total 75 or more. For a year of service to be counted, the assignment must have been such that the employee was eligible for medical insurance benefits if such benefits were available to employees. (1991-92 settlement)
Employees Hired On or After. 7/1/92: For unit members whose first day of paid service commences on or after July 1, 1992, the maximum amount paid by the Board for retiree health benefits (medical and dental) shall be capped at the same amount as single active employee per month until the employee becomes eligible for Medicare Part B. At that time, the Board will then pay the cost of the lowest medical plan available within the agreement between the parties. (1991-92 settlement)
Employees Hired On or After. 7/1/95: For unit members whose first day of paid service commences on or after July 1, 1995, the maximum amount paid by the Board for retiree benefits (medical and dental) shall be capped at the same amount as single active employee per month until the employee become eligible for Medicare Part B. At that time, the Board will then pay, for the employee only, the amount equal to the lowest cost medical plan available within the agreement between the parties. (1994- 95 settlement). This amendment does not apply to any employees hired into positions being advertised on or before June 14, 1995, even if their actual date of hire is later than July 1, 1995 (unless positions are not filled and are re-opened/re-advertised at a later time).
Employees Hired On or After. January 1, 2013 Without Pension Reciprocity (Tier 3) Bargaining unit employees hired on or after January 1, 2013 without pension reciprocity (i.e., “new” members) will be provided the CalPERS 2.7% @ 57 local safety plan with the 36-month final compensation period. Such employees shall pay 50% of the normal cost for the 2.7% @ 57 local safety plan as established by XxxXXXX.
Employees Hired On or After. January 1, 2013: Effective January 1, 2013, new members to CalPERS or an agency with CalPERS’ reciprocity, and employees to the City who have a 6-month or greater break in service between employment with the City and employment in a CalPERS (or reciprocal) agency, will be subject to the provisions of the Public Employees’ Pension Reform Act of 2013 (PEPRA) and will receive the “2.7% @ 57” benefit formula. This plan provides 2.7 percent of pay at age 57 for each year of service credited with the City. The City pays fifty percent (50%) of the normal cost rate to be calculated by CalPERS, and the employee pays fifty percent (50%) of the normal cost rate on a pretax basis to be calculated by CalPERS and the cost of administration. In addition, new members must be at least 50 years of age with 5 or more years of CalPERS–credited service in order to retire with a normal service retirement through the CalPERS system, and their retirement allowance will be based on the average of their last 3 years of compensation prior to retirement. Employees not currently or previously enrolled under PEPRA and who are current members of CalPERS or an agency with CalPERS’ reciprocity, or who have less than a 6–month break in service between employment in a CalPERS (or reciprocal) agency, or who have previously been employed by the City of Montclair as a CalPERS member and are required to be enrolled under the formula specified in this paragraph, will be enrolled in the “3% @ 55” formula. Except as otherwise provided for in this MOU for retiree–medical benefits and CalPERS–related retirement benefits, to retire from the City to be eligible for City– provided retirement benefits other than CalPERS retirement benefits, an employee must be at least 50 years of age with 25 or more years of continuous service to the City and retire with a normal service retirement; e.g. to receive the 25–year–retiree– medical benefit, an employee must be at least 50 years of age and have a minimum of 25 consecutive years of service with the City. If an employee should leave City employment prior to age 50, and is no longer eligible for membership in the CalPERS system, the Employer Paid Member Contribution (EPMC) and Member Contribution (both as calculated by CalPERS) will be paid to the employee by CalPERS after termination. An employee with 5 or more years of CalPERS–credited service may, however, leave the EPMC and member contributions on deposit in the system, with interest, for future withdrawal;...
