Common use of For Employees Hired on or After Clause in Contracts

For Employees Hired on or After. January 1, 2013 who are considered “New Members” Within the Meaning of PEPRA. a. The retirement formula will be the “2.7% at 57” retirement formula per Government Code Section 7522.25(d), utilizing the average three highest years of compensation per Government Code Section 7522.32. Pensionable compensation and other pension related conditions are governed by the provisions of the law.

For Employees Hired on or After. January 1, 2013 who are considered “New Members” Within the Meaning of PEPRA. a. The retirement formula will be the “2.7% at 57” retirement formula per Government Code Section section 7522.25(d), utilizing the average three highest years of compensation per Government Code Section section 7522.32. Pensionable compensation and other pension related conditions are governed by the provisions of the law.