Peace Officer/Fire Captain and Miscellaneous Retirement Plans. Retirement benefit formulas and contribution rates for State employees are specified in the Government Code as summarized below. No provision of this article shall be deemed grievable or arbitrable under the grievance and arbitration procedure, except any claim of clerical error concerning an employee’s retirement benefit shall be grievable up to CalHR’s level. I. Peace Officer/Firefighter (PO/FF) Retirement: PO/FF A Retirement Formula (3% at age 50), PO/FF B Retirement Formula (2.5% at age 55), and Public Employees’ Pension Reform Act Formula (2.5% at age 57) A. Unit 6 PO/FF retirement members first employed by the State prior to January 15, 2011, are subject to the PO/FF A retirement (3% at age 50) formula. B. Unit 6 PO/FF retirement members first employed by the State on or after January 15, 2011, and prior to January 1, 2013, are subject to PO/FF B retirement (2.5% at age 55) formula as provided in Government Code Section 21363. The PO/FF B retirement formula does not apply to: • Former state employees who return to state employment on or after January 15, 2011; • State employees hired prior to January 15, 2011, who were subject to the Alternate Retirement Program (ARP); • State employees on approved leave of absence prior to January 15, 2011, who returns to active employment on or after January 15, 2011; or • Persons who are already members or annuitants of the California Public Employees Retirement System as state employees prior to January 15, 2011. The above categories are subject to the PO/FF A retirement formula. C. Employees who are brought into CalPERS membership for the first time on or after January 1, 2013, and who are not eligible for reciprocity with another California public employer as provided in Government Code Section 7522.02(c) shall be subject to the “PEPRA Retirement (2.5% at age 57) Formula.” As such, the PEPRA changes to retirement formulas and pensionable compensation caps apply only to new CalPERS members subject to PEPRA as defined under PEPRA. D. The table below lists the PO/FF age/benefit factors for PO/FF A, PO/FF B, and PEPRA PO/FF retirement formulas. Employees hired prior to January 15, 2011 Employees first hired on and after January 15, 2011 and prior to January 1, 2013 Employees eligible for CalPERS Membership for the first time on and after January 1, 2013 E. Employee Retirement Contribution 1. As stated in Government Code Section 20683.2, PO/FF members shall contribute an additional one percent (1%) employee retirement contribution. Effective July 1, 2013, Unit 6 PO/FF members shall contribute twelve percent (12%) of monthly compensation in excess of $863 for retirement. 2. Effective July 1, 2014, PO/FF members shall contribute an additional one percent (1%) retirement contribution, making their total contribution thirteen percent (13%) of pensionable compensation, in excess of $863 for retirement.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Peace Officer/Fire Captain and Miscellaneous Retirement Plans. Retirement benefit formulas and contribution rates for State employees are specified in the Government Code as summarized below. No provision of this article shall be deemed grievable or arbitrable under the grievance and arbitration procedure, except any claim of clerical error concerning an employee’s retirement benefit shall be grievable up to CalHR’s level.. 47 § 10.04
I. Peace Officer/Firefighter (PO/FF) Retirement: PO/FF A Retirement Formula (3% at age 50), PO/FF B Retirement Formula (2.5% at age 55), and Public Employees’ Pension Reform Act Formula (2.5% at age 57)
A. Unit 6 PO/FF retirement members first employed by the State prior to January 15, 2011, are subject to the PO/FF A retirement (3% at age 50) formula.
B. Unit 6 PO/FF retirement members first employed by the State on or after January 15, 2011, and prior to January 1, 2013, are subject to PO/FF B retirement (2.5% at age 55) formula as provided in Government Code Section 21363. The PO/FF B retirement formula does not apply to: • Former state employees who return to state employment on or after January 15, 2011; • State employees hired prior to January 15, 2011, who were subject to the Alternate Retirement Program (ARP); • State employees on approved leave of absence prior to January 15, 2011, who returns to active employment on or after January 15, 2011; or • Persons who are already members or annuitants of the California Public Employees Retirement System as state employees prior to January 15, 2011. The above categories are subject to the PO/FF A retirement formula.
C. Employees who are brought into CalPERS membership for the first time on or after January 1, 2013, and who are not eligible for reciprocity with another California public employer as provided in Government Code Section 7522.02(c) shall be subject to the “PEPRA Retirement (2.5% at age 57) Formula.” As such, the PEPRA changes to retirement formulas and pensionable compensation caps apply only to new CalPERS members subject to PEPRA as defined under PEPRA.
D. The table below lists the PO/FF age/benefit factors for PO/FF A, PO/FF B, and PEPRA PO/FF retirement formulas. Employees hired prior to January 15, 2011 Employees first hired on and after January 15, 2011 and prior to January 1, 2013 Employees eligible for CalPERS Membership for the first time on and after January 1, 2013 50 3.000 2.000 2.000 51 N/A 2.100 2.071 52 N/A 2.200 2.143 53 N/A 2.300 2.214 54 N/A 2.400 2.286 55 N/A 2.500 2.357 56 X/X X/X 0.000 00 X/X X/X 2.500 § 10.04 48 E. Employee Retirement Contribution
1. As stated in Government Code Section 20683.2, PO/FF members shall contribute an additional one percent (1%) employee retirement contribution. Effective July 1, 2013, Unit 6 PO/FF members shall contribute twelve percent (12%) of monthly compensation in excess of $863 for retirement.
2. Effective July 1, 2014, PO/FF members shall contribute an additional one percent (1%) retirement contribution, making their total contribution thirteen percent (13%) of pensionable compensation, in excess of $863 for retirement.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Peace Officer/Fire Captain and Miscellaneous Retirement Plans. Retirement benefit formulas and contribution rates for State employees are specified in the Government Code as summarized below. No provision of this article shall be deemed grievable or arbitrable under the grievance and arbitration procedure, except any claim of clerical error concerning an employee’s retirement benefit shall be grievable up to CalHR’s level.
I. Peace Officer/Firefighter (PO/FF) Retirement: PO/FF A Retirement Formula (3% at age 50), PO/FF B Retirement Formula (2.5% at age 55), and Public Employees’ Pension Employees’Pension Reform Act Formula (2.5% at age 57)
A. Unit 6 PO/FF retirement members first employed by the State prior to January 15, 2011, are subject to the PO/FF A retirement (3% at age 50) formula.
B. Unit 6 PO/FF retirement members first employed by the State on or after January 15, 2011, and prior to January 1, 2013, are subject to PO/FF B retirement (2.5% at age 55) formula as provided in Government Code Section 21363. The PO/FF B retirement formula does not apply to: • Former state employees who return to state employment on or after January 15, 2011; • State employees hired prior to January 15, 2011, who were subject to the Alternate Retirement Program (ARP); • State employees on approved leave of absence prior to January 15, 2011, who returns to active employment on or after January 15, 2011; or • Persons who are already members or annuitants of the California Public Employees Retirement System as state employees prior to January 15, 2011. The above categories are subject to the PO/FF A retirement formula.
C. Employees who are brought into CalPERS membership for the first time on or after January 1, 2013, and who are not eligible for reciprocity with another California public employer as provided in Government Code Section 7522.02(c) shall be subject to the “PEPRA Retirement (2.5% at age 57) Formula.” As such, the PEPRA changes to retirement formulas and pensionable compensation caps apply only to new CalPERS members subject to PEPRA as defined under PEPRA.
D. The table below lists the PO/FF age/benefit factors for PO/FF A, PO/FF B, and PEPRA PO/FF retirement formulas. Employees hired prior to January 15, 2011 Employees first hired on and after January 15, 2011 and prior to January 1, 2013 Employees eligible for CalPERS Membership for the first time on and after January 1, 2013 E. Employee Retirement Contribution
1. As stated in Government Code Section 20683.2, PO/FF members shall contribute an additional one percent (1%) employee retirement contribution. Effective July 1, 2013, Unit 6 PO/FF members shall contribute twelve percent (12%) of monthly compensation in excess of $863 for retirement.
2. Effective July 1, 2014, PO/FF members shall contribute an additional one percent (1%) retirement contribution, making their total contribution thirteen percent (13%) of pensionable compensation, in excess of $863 for retirement.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Peace Officer/Fire Captain and Miscellaneous Retirement Plans. Retirement benefit formulas and contribution rates for State employees are specified in the Government Code as summarized below. No provision of this article shall be deemed grievable or arbitrable under the grievance and arbitration procedure, except any claim of clerical error concerning an employee’s retirement benefit shall be grievable up to CalHR’s level.
I. Peace Officer/Firefighter (PO/FF) Retirement: PO/FF A Retirement Formula (3% at age 50), PO/FF B Retirement Formula (2.5% at age 55), and Public Employees’ Pension Reform Act Formula (2.5% at age 57)
A. Unit 6 PO/FF retirement members first employed by the State prior to January 15, 2011, are subject to the PO/FF A retirement (3% at age 50) formula.
B. Unit 6 PO/FF retirement members first employed by the State on or after January 15, 2011, and prior to January 1, 2013, are subject to PO/FF B retirement (2.5% at age 55) formula as provided in Government Code Section 21363. The PO/FF B retirement formula does not apply to: • Former state employees who return to state employment on or after January 15, 2011; • State employees hired prior to January 15, 2011, who were subject to the Alternate Retirement Program (ARP); • State employees on approved leave of absence prior to January 15, 2011, who returns to active employment on or after January 15, 2011; or • Persons who are already members or annuitants of the California Public Employees Retirement System as state employees prior to January 15, 2011. The above categories are subject to the PO/FF A retirement formula.
C. Employees who are brought into CalPERS membership for the first time on or after January 1, 2013, and who are not eligible for reciprocity with another California public employer as provided in Government Code Section 7522.02(c) shall be subject to the “PEPRA Retirement (2.5% at age 57) Formula.” As such, the PEPRA changes to retirement formulas and pensionable compensation caps apply only to new CalPERS members subject to PEPRA as defined under PEPRA.
D. The table below lists the PO/FF age/benefit factors for PO/FF A, PO/FF B, and PEPRA PO/FF retirement formulas. Employees hired prior to January 15, 2011 Employees first hired on and after January 15, 2011 and prior to January 1, 2013 Employees eligible for CalPERS Membership for the first time on and after January 1, 2013 E. Employee Retirement Contribution
1. As stated in Government Code Section 20683.2, PO/FF members shall contribute an additional one percent (1%) employee retirement contribution. Effective July 1, 2013, Unit 6 PO/FF members shall contribute twelve percent (12%) of monthly compensation in excess of $863 for retirement.
2. Effective July 1, 2014, PO/FF members shall contribute an additional one percent (1%) retirement contribution, making their total contribution thirteen percent (13%) of pensionable compensation, in excess of $863 for retirement.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Peace Officer/Fire Captain and Miscellaneous Retirement Plans. Retirement benefit formulas and contribution rates for State employees are specified in the Government Code as summarized below. No provision of this article shall be deemed grievable or arbitrable under the grievance and arbitration procedure, except any claim of clerical error concerning an employee’s retirement benefit shall be grievable up to CalHR’s level.
I. Peace Officer/Firefighter (PO/FF) Retirement: PO/FF A Retirement Formula (3% at age 50), PO/FF B Retirement Formula (2.5% at age 55), and Public Employees’ Pension Reform Act Formula (2.5% at age 57)
A. Unit 6 PO/FF retirement members first employed by the State prior to January 15, 2011, are subject to the PO/FF A retirement (3% at age 50) formula.
B. Unit 6 PO/FF retirement members first employed by the State on or after January 15, 2011, and prior to January 1, 2013, are subject to PO/FF B retirement (2.5% at age 55) formula as provided in Government Code Section 21363. The PO/FF B retirement formula does not apply to: • Former state employees who return to state employment on or after January 15, 2011; • State employees hired prior to January 15, 2011, who were subject to the Alternate Retirement Program (ARP); • State employees on approved leave of absence prior to January 15, 2011, who returns to active employment on or after January 15, 2011; or • Persons who are already members or annuitants of the California Public Employees Retirement System as state employees prior to January 15, 2011. The above categories are subject to the PO/FF A retirement formula.
C. Employees who are brought into CalPERS membership for the first time on or after January 1, 2013, and who are not eligible for reciprocity with another California public employer as provided in Government Code Section 7522.02(c) shall be subject to the “PEPRA Retirement (2.5% at age 57) Formula.” As such, the PEPRA changes to retirement formulas and pensionable compensation caps apply only to new CalPERS members subject to PEPRA as defined under PEPRA.
D. The table below lists the PO/FF age/benefit factors for PO/FF A, PO/FF B, and PEPRA PO/FF retirement formulas. Employees hired prior to January 15, 2011 Employees first hired on and after January 15, 2011 and prior to January 1, 2013 Employees eligible for CalPERS Membership for the first time on and after January 1, 2013 E. 50 3.000 2.000 2.000 51 N/A 2.100 2.071 52 N/A 2.200 2.143 53 N/A 2.300 2.214 54 N/A 2.400 2.286 55 N/A 2.500 2.357 56 N/A N/A 2.429 57 N/A N/A 2.500 1. Employee Retirement Contribution
1. Contribution As stated in Government Code Section 20683.2, PO/FF members shall contribute an additional one percent (1%) employee retirement contribution. Effective July 1, 2013, Unit 6 PO/FF members shall contribute twelve percent (12%) of monthly compensation in excess of $863 for retirement.
2. Effective July 1, 2014, PO/FF members shall contribute an additional one percent (1%) retirement contribution, making their total contribution thirteen percent (13%) of pensionable compensation, in excess of $863 for retirement.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Peace Officer/Fire Captain and Miscellaneous Retirement Plans. Retirement benefit formulas and contribution rates for State employees are specified in the Government Code as summarized below. No provision of this article shall be deemed grievable or arbitrable under the grievance and arbitration procedure, except any claim of clerical error concerning an employee’s retirement benefit shall be grievable up to CalHR’s level.
I. Peace Officer/Firefighter (PO/FF) Retirement: PO/FF A Retirement Formula (3% at age 50), PO/FF B Retirement Formula (2.5% at age 55), and Public Employees’ Pension Reform Act Formula (2.5% at age 57)
A. Unit 6 PO/FF retirement members first employed by the State prior to January 15, 2011, are subject to the PO/FF A retirement (3% at age 50) formula.
B. Unit 6 PO/FF retirement members first employed by the State on or after January 15, 2011, and prior to January 1, 2013, are subject to PO/FF B retirement (2.5% at age 55) formula as provided in Government Code Section 21363. The PO/FF B retirement formula does not apply to: • Former state employees who return to state employment on or after January 15, 2011; • State employees hired prior to January 15, 2011, who were subject to the Alternate Retirement Program (ARP); • State employees on approved leave of absence prior to January 15, 2011, who returns to active employment on or after January 15, 2011; or • Persons who are already members or annuitants of the California Public Employees Retirement System as state employees prior to January 15, 2011. The above categories are subject to the PO/FF A retirement formula.
C. Employees who are brought into CalPERS membership for the first time on or after January 1, 2013, and who are not eligible for reciprocity with another California public employer as provided in Government Code Section 7522.02(c) shall be subject to the “PEPRA Retirement (2.5% at age 57) Formula.” As such, the PEPRA changes to retirement formulas and pensionable compensation caps apply only to new CalPERS members subject to PEPRA as defined under PEPRA.
D. The table below lists the PO/FF age/benefit factors for PO/FF A, PO/FF B, and PEPRA PO/FF retirement formulas. Employees hired prior to January 15, 2011 Employees first hired on and after January 15, 2011 and prior to January 1, 2013 Employees eligible for CalPERS Membership for the first time on and after January 1, 2013 E. Employee Retirement Contribution
1. As stated in Government Code Section 20683.2, PO/FF members shall contribute an additional one percent (1%) employee retirement contribution. Effective July 1, 2013, Unit 6 PO/FF members shall contribute twelve percent (12%) of monthly compensation in excess of $863 for retirement.
2. Effective July 1, 2014, PO/FF members shall contribute an additional one percent (1%) retirement contribution, making their total contribution thirteen percent (13%) of pensionable compensation, in excess of $863 for retirement.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Peace Officer/Fire Captain and Miscellaneous Retirement Plans. Retirement benefit formulas and contribution rates for State employees are specified in the Government Code as summarized below. No provision of this article shall be deemed grievable or arbitrable under the grievance and arbitration procedure, except any claim of clerical error concerning an employee’s retirement benefit shall be grievable up to CalHR’s level.
I. Peace Officer/Firefighter (PO/FF) Retirement: PO/FF A Retirement Formula (3% at age 50), PO/FF B Retirement Formula (2.5% at age 55), and Public Employees’ Pension Reform Act Formula (2.5% at age 57)
A. Unit 6 PO/FF retirement members first employed by the State prior to January 15, 2011, are subject to the PO/FF A retirement (3% at age 50) formula.
B. Unit 6 PO/FF retirement members first employed by the State on or after January 15, 2011, and prior to January 1, 2013, are subject to PO/FF B retirement (2.5% at age 55) formula as provided in Government Code Section 21363. The PO/FF B retirement formula does not apply to: • Former state employees who return to state employment on or after January 15, 2011; • State employees hired prior to January 15, 2011, who were subject to the Alternate Retirement Program (ARP); • State employees on approved leave of absence prior to January 15, 2011, who returns to active employment on or after January 15, 2011; or • Persons who are already members or annuitants of the California Public Employees Retirement System as state employees prior to January 15, 2011. The above categories are subject to the PO/FF A retirement formula.
C. Employees who are brought into CalPERS membership for the first time on or after January 1, 2013, and who are not eligible for reciprocity with another California public employer as provided in Government Code Section 7522.02(c) shall be subject to the “PEPRA Retirement (2.5% at age 57) Formula.” As such, the PEPRA changes to retirement formulas and pensionable compensation caps apply only to new CalPERS members subject to PEPRA as defined under PEPRA.
D. The table below lists the PO/FF age/benefit factors for PO/FF A, PO/FF B, and PEPRA PO/FF retirement formulas. Employees hired prior to January 15, 2011 Employees first hired on and after January 15, 2011 and prior to January 1, 2013 Employees eligible for CalPERS Membership for the first time on and after January 1, 2013 50 3.000 2.000 2.000 51 N/A 2.100 2.071 52 N/A 2.200 2.143 53 N/A 2.300 2.214 54 N/A 2.400 2.286 55 N/A 2.500 2.357 56 N/A N/A 2.429 57 N/A N/A 2.500 E. Employee Retirement Contribution
1. As stated in Government Code Section 20683.2, PO/FF members shall contribute an additional one percent (1%) employee retirement contribution. Effective July 1, 2013, Unit 6 PO/FF members shall contribute twelve percent (12%) of monthly compensation in excess of $863 for retirement.
2. Effective July 1, 2014, PO/FF members shall contribute an additional one percent (1%) retirement contribution, making their total contribution thirteen percent (13%) of pensionable compensation, in excess of $863 for retirement.
Appears in 1 contract
Samples: Tentative Agreement