PEPRA CALPERS MEMBERS Clause Samples

PEPRA CALPERS MEMBERS a. In addition to PERS cost-sharing, employees also contribute fifty percent (50%) of the normal cost rate for the Defined Benefit Plan (currently 11.50%) of their salary pursuant to AB 340, including holiday-in-lieu pay, 40-hour Administrative Assignment/Fire Staff Premium pay, arson pay, paramedic pay, EMS pay, Staff Assistant pay, Special Operations/Hazardous Materials Technician pay, Foreign Language/Sign Interpreter pay, Education/Career Development Incentive pay, and 27-day assignment pay, the totality of which is also known as “PERSable” salary, exclusive of overtime and reimbursement compensation. The contribution rate for the employee is governed by State legislation. Uniform allowance is not included in their “PERSable” salary pursuant to AB 340. b. In addition to PERS cost-sharing, effective September 1, 2015, employees also contribute fifty percent (50%) of the normal cost rate for the Defined Benefit Plan (currently 11.50%) of their salary pursuant to AB 340, including holiday-in-lieu pay, 40-hour pay, arson pay, Staff Assistant pay, Special Operations/Hazardous Materials Technician pay, Foreign Language/Sign Interpreter pay, Education/Career Development Incentive pay, 27-day assignment pay and uniform allowance, the totality of which is also known as “PERSable” salary, exclusive of overtime and reimbursement compensation. The contribution rate for the employee is governed by State legislation. With the incorporation of Paramedic pay and EMS pay into base salary, said pays are no longer considered extra pays for unit employees. c. In addition to PERS cost-sharing, effective July 1, 2017, employees also contribute fifty percent (50%) of the normal cost rate for the Defined Benefit Plan (currently 11.50%) of their salary pursuant to AB 340, including 40-hour pay, arson pay, Staff Assistant pay, Special Operations/Hazardous Materials Technician pay, Foreign Language/Sign Interpreter pay, Education/Career Development Incentive pay, and 27-day assignment pay, the totality of which is also known as “PERSable” salary, exclusive of overtime and reimbursement compensation. The contribution rate for the employee is governed by State legislation. Uniform Allowance pay will be incorporated into base salary. In addition, with the incorporation of Holiday-in-Lieu pay into base salary, said pay will no longer be considered extra pay for unit employees. d. AB 340 (the California Public Employees’ Pension Reform Act of 2013,) as it may from time to time exist,...

PEPRA CALPERS MEMBERS. Upon simultaneous retirement from the CITY and from the CalPERS Retirement system, a full-time “PEPRA” employee hired on or after January 1, 2013 who has reached the age of sixty-two (62) shall continue to receive CITY paid health insurance based on the following terms of eligibility and level of CITY payment for the benefit: (a) For any full-time PEPRA employee hired on or after January 1, 2013, the CITY shall pay its premium contribution toward health insurance of such full-time PEPRA employee who upon retirement has reached the age of 62 years, has at least twenty (20) years of service. with the city, and actually commences to receive CalPERS retirement benefits. (i) The cost of spousal coverage shall be $250 per month. This rate shall be adjusted downward or upward annually by half of the City’s percentage change compared to the prior plan year. This rate adjustment shall be effective for Plan Year beginning 2019. (ii) At no time should the retiree’s cost exceed 50% of the City’s actual cost. (b) All full-time PEPRA employees hired on or after July 1, 2021 who meet the minimum requirements listed below shall receive the allotted health insurance coverage for the retired employee based on the City’s self-funded health insurance plan rate for single party premium. (i) Twenty (20) years of full-time service with the City receives seventy-five percent (75%) of the single party rate; or (ii) Twenty-five (25) years of full-time service with the City receives one- hundred percent (100%) of the single party rate; and (iii) Age sixty-two (62) years for full CalPERS service retirement; and (iv) Retiree coverage for this tier shall terminate upon the date retiree becomes Medicare eligible or death of retiree, whichever occurs first.