PERS Retirement. County retirement is provided through the Public Employees Retirement System (PERS). Unit employees are covered under the Safety retirement provisions with a 2% @ age 50 benefit. Beginning as soon as the County amends its contract with PERS, new hires after that date will be employed under the 2% @ age 55 PERS Safety retirement provisions. The County shall pay all of the employer contributions associated with this formula as determined by PERS.
PERS Retirement. The member must be retired and receiving benefits under the Oregon Public Employees Retirement System.
PERS Retirement. 5.1.1 The City will continue its participation in the Public Employees Retirement System “PERS” for Miscellaneous employees as follows: • Tier One – Applicable to employees who are not defined as “New Members” in Government Code Section 7522.04 and were hired before December 16, 2012 are eligible for a 2.5% @ 55 benefit formula. • Tier Two – Applicable to employees who are not defined as “New Members” in Government Code Section 7522.04 and were hired on/after December 16, 2012 are eligible for a 2% @ 60 benefit formula. • Tier Three – Applicable to employees who are defined as “New Members” in Government Code Section 7522.04 are eligible for the 2% @ 62 benefit formula.
PERS Retirement. 10.5.1 PERS Retirement prior to age 55 Unit members who retire under the PERS are eligible to continue in the District's Health and Welfare Benefits, including medical, dental, vision and life insurance; providing such individuals make timely payments to the District for the costs of the premiums for such benefits. The cost of dependent coverage is the retiree‘s responsibility.
PERS Retirement. 5.1.1 The City will continue its participation in the State of California Public Employees’ Retirement System (“PERS”) for miscellaneous employees as follows: • Tier One – Applicable to employees who are not defined as “New Members” in Government Code Section 7522.04 and were hired before December 16, 2012 are eligible for a 2.5% @ 55 benefit formula. • Tier Two – Applicable to employees who are not defined as “New Members” in Government Code Section 7522.04 and were hired on/after December 16, 2012 are eligible for a 2% @ 60 benefit formula. • Tier Three – Applicable to employees who are defined as “New Members” in Government Code Section 7522.04 are eligible for the 2% @ 62 benefit formula.
PERS Retirement. 1. The EMPLOYER shall pay the appropriate percentage contribution into the state PERS retirement program on behalf of each employee in the unit.
PERS Retirement. 5.1.1 The City provides in its contract with the Public Employees Retirement System for: Safety (Sworn) employees as follows: 3% @ 50—hired before November 20, 2011 with a three year average compensation formula; 3% @ 55—hired on/after November 20, 2011 with a three year average compensation formula;
PERS Retirement. 7.1.1 The City will continue its participation in the Public Employees Retirement System (PERS) for employees as follows: • Tier One – Applicable to employees who are not defined as “New Members” in Government Code Section 7522.04(f) and were hired to the City of Xxxxx before August 12, 2012 are eligible for a 3% @ 50 benefit formula with a three-year average compensation formula; • Tier Two – Applicable to employees who are not defined as “New Members” in Government Code Section 7522.04(f) and were hired to the City of Xxxxx on/after August 12, 2012 are eligible for a 3% @ 55 benefit formula with a three-year average compensation formula; • Tier Three – Applicable to employees who are defined as “New Members” in Government Code Section 7522.04(f) and were hired on/after January 1, 2013 are eligible for a 2.7% @ 57 benefit formula with a three-year average compensation formula; • 1959 Fourth Level Survivor Benefits;
PERS Retirement. A. Employees will be covered under the Fire Safety contract under the Public Employees' Retirement System (PERS) with a 3% at age 50 benefit formula.
PERS Retirement. The County agrees that Employee's total compensation shall include PERS 1, PERS 2, or PERS 3 retirement as appropriate.
