Miscellaneous Employees. Classic Formula: 2.5% @ 55 with the retirement calculation based on single highest year for all employees who first worked for the City of Madera prior to October 20, 2012. The City will pay the Employer Contribution. Employees will pay 2.375% towards the Employee Contribution, with the City paying the remaining 5.625% of the Employee Contribution as Employer Paid Member Contributions (EPMC).
Appears in 6 contracts
Samples: General Bargaining Unit, www.madera.gov, www.madera.gov
Miscellaneous Employees. Classic Formula: 2.5% @ 55 with the retirement calculation based on single highest year for all employees who first worked for the City of Madera prior to October 20, 2012. The City will pay the Employer Contribution. Employees will pay 2.3753.375% towards the Employee Contribution, with the City paying the remaining 5.6254.625% of the Employee Contribution as Employer Paid Member Contributions (EPMC).
Appears in 5 contracts
Samples: General Bargaining Unit, General Bargaining Unit, General Bargaining Unit
