Common use of Pension Reform Act Clause in Contracts

Pension Reform Act. EFFECTIVE JANUARY 1, 2013: The parties agree that the provisions of AB 340 (The California Pension Reform Act of 2013) will go into effect on January 1, 2013 and all parties intend the language of the MOU to be consistent with legislative and CalPERS retirement rules and any language inconsistent with that Act is void. If there is any other clean up or other retirement legislation, which goes into effect during this MOU, and if there are provisions of that legislation which automatically goes into effect, it shall do so without impairing the parties’ MOU. Either party may request to negotiate over the impact of such subsequent legislation.