Common use of Pers Retirement Plan and Contribution Clause in Contracts

Pers Retirement Plan and Contribution. a. For employees hired on or before December 31, 2012, the Authority’s contract with the Public Employees Retirement System (PERS) for miscellaneous employees provides for the following structure: • Modified 2% at age 55 • One‐year highest compensation • 2% COLA • 25% survivor continuation • 50% industrial disability • Military service credit

Pers Retirement Plan and Contribution. a. For employees hired on or before December 31, 2012, the Authority’s contract with the Public Employees Retirement System (PERS) for miscellaneous employees provides for the following structure: •  Modified 2% at age 55 • One‐year  One-year highest compensation •  2% COLA •  25% survivor continuation •  50% industrial disability •  Military service credit

Pers Retirement Plan and Contribution. a. For employees hired on or before December 31, 2012, the Authority’s contract with the Public Employees Retirement System (PERS) for miscellaneous employees provides for the following structure: • Modified 2% at age 55 • One‐year One-year highest compensation • 2% COLA • 25% survivor continuation • 50% industrial disability • Military service credit