Common use of One-Year Final Compensation Clause in Contracts

One-Year Final Compensation. For employees hired on or before February 5, 2012, the retirement allowance of a PERS member shall be based on the 12 highest paid consecutive months under the plan. (Government Code Section 20042).

Appears in 5 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

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One-Year Final Compensation. For employees hired on or before February 5, 2012, the retirement allowance of a PERS Public Employees Retirement System (“PERS”) member shall be based on the 12 highest paid consecutive months under the plan. (Government Code Section 20042).

Appears in 1 contract

Samples: Memorandum of Understanding

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