PERS Employee Contribution. A.1.a. Effective July 1, 2003, the City has a contract with the Public Employees Retirement System (PERS) to provide safety employees with a 3% @ 55 retirement plan in accordance with Section 21362.1, 21363.1 of the California Government Code. As a result of the Public Employee’s Pension Reform Act (PEPRA), effective January 1, 2013, this retirement plan will only be applicable to employees identified by PERS as Classic Members (generally employees who became members of PERS prior to January 1, 2013).
Appears in 4 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
