Common use of Public Employees’ Pension Reform Act of 2013 (PEPRA Clause in Contracts

Public Employees’ Pension Reform Act of 2013 (PEPRA. A. PEPRA Definition of “Pensionable Compensation” Retirement benefit for employees subject to PEPRA are based upon the highest average pensionable compensation during a thirty-six (36) month period. Pensionable compensation shall not exceed the applicable percentage of the contribution and benefit base specified in Title 42 of the United State Code Section 430 (b). The 2013 limits are $113,700 for members subject to Social Security and $136,440 for members not subject to Social Security. The limit shall be adjusted annually based on changes to the Consumer Price Index for all Urban Consumers.

Public Employees’ Pension Reform Act of 2013 (PEPRA. A. PEPRA Definition of “Pensionable Compensation” Retirement benefit benefits for employees subject to PEPRA are based upon the highest average pensionable compensation during a thirty-six (36) month period. Pensionable compensation shall not exceed the applicable percentage of the contribution and benefit base specified in Title 42 of the United State Code Section 430 (b). The 2013 2014 limits are $113,700 117,000 for members subject to Social Security and $136,440 140,400 for members not subject to Social Security. The limit shall be adjusted annually based on changes to the Consumer Price Index for all Urban Consumers.

Public Employees’ Pension Reform Act of 2013 (PEPRA. A. PEPRA Definition of “Pensionable Compensation” Retirement benefit benefits for employees subject to PEPRA are based upon the highest average pensionable compensation during a thirty-six (36) month period. Pensionable compensation shall not exceed the applicable percentage of the contribution and benefit base specified in Title 42 of the United State Code Section 430 (b). The 2013 limits are $113,700 for members subject to Social Security and $136,440 for members not subject to Social Security. The limit shall be adjusted annually based on changes to the Consumer Price Index for all Urban Consumers.

Public Employees’ Pension Reform Act of 2013 (PEPRA. A. PEPRA Definition of “Pensionable Compensation” Compensation Retirement benefit for employees subject to PEPRA are based upon the highest average pensionable compensation during a thirty-six (36) month period. Pensionable compensation shall not exceed the applicable percentage of the contribution and benefit base specified in Title 42 of the United State Code Section 430 (b). The 2013 limits are $113,700 for members subject to Social Security and $136,440 for members not subject to Social Security. The limit shall be adjusted annually based on changes to the Consumer Price Index for all Urban Consumers.