Common use of P.E.R.S. 3% At Age 50 Retirement for Employees Hired on or before December Clause in Contracts

P.E.R.S. 3% At Age 50 Retirement for Employees Hired on or before December. 31, 2012 On July 21, 2000, the City made application to PERS to provide P.E.R.S. California Government Code section 21362.2 (3% at age 50) as an amendment retirement benefit, to be effective upon adoption by the Stockton City Council and the P.E.R.S. Administration Board.