Common use of New Members’ CalPERS Retirement Formula Clause in Contracts

New Members’ CalPERS Retirement Formula. “New Members” as defined by PEPRA who are hired by the City on or after January 1, 2013 shall be entitled to the 2.7% at 57 retirement formula with highest three (3) year average com- pensation as set forth in PEPRA.

Appears in 2 contracts

Samples: berkeleyca.gov, www.lris.com

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New Members’ CalPERS Retirement Formula. “New Members” as defined by PEPRA who are hired by the City on or after January 1, 2013 shall be entitled to the 2.7% at 57 retirement formula with highest three (3) year average com- pensation compensation as set forth in PEPRA.

Appears in 1 contract

Samples: www.cityofberkeley.info

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New Members’ CalPERS Retirement Formula. “New Members” as defined by PEPRA XXXXX who are hired by the City on or after January 1, 2013 shall be entitled to the 2.7% at 57 retirement formula with highest three (3) year average com- pensation as set forth in PEPRA.

Appears in 1 contract

Samples: berkeleyca.gov

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