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

Public Employees’ Pension Reform Act. of 2013 (PEPRA) A. PEPRA Definition of “Pensionable Compensation” Retirement 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 2014 limits are $117,000 for members subject to Social Security and $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 benefits benefit for employees subject to PEPRA are based upon the highest average pensionable compensation during a thirty-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 States Code Section 430 (b). The 2014 2013 limits are $117,000 113, 700 for members subject to Social Security and $140,400 136,440 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 benefits 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 2014 2013 limits are $117,000 113,700 for members subject to Social Security and $140,400 136,440 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 benefits 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 States Code Section 430 (b). The 2014 2013 limits are $117,000 113,700.00 for members subject to Social Security and $140,400 136,440.00 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 benefits 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 States Code Section 430 (b). The 2014 2013 limits are $117,000 113,700 for members subject to Social Security and $140,400 136,440 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.