Common use of Retirement Benefit Calculation Period Clause in Contracts

Retirement Benefit Calculation Period. For unit members defined as “new members” under the PEPRA such employees’ final compensation will be based on the highest annual average compensation earnable during the three consecutive years of employment immediately preceding the effective date of his or her retirement or any other three consecutive year period chosen by the employee as set forth in Government Code section 7522.32(a).

Appears in 15 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

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Retirement Benefit Calculation Period. For unit members defined as “new members” under the PEPRA PEPRA, each such employees’ employee’s final compensation will be based on the highest annual average compensation earnable during the three consecutive years of employment immediately preceding the effective date of his or her retirement or any other three consecutive year period chosen by the employee as set forth in Government Code section 7522.32(a).

Appears in 4 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

Retirement Benefit Calculation Period. For unit members defined as “new members” under the PEPRA such employees’ final compensation will be based on the highest annual average compensation earnable during the three consecutive years of employment immediately preceding the effective date of his or her their retirement or any other three consecutive year period chosen by the employee as set forth in Government Code section 7522.32(a).

Appears in 4 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

Retirement Benefit Calculation Period. For unit members employees defined as “new members” under the PEPRA PEPRA, such employees’ final compensation will be based on the highest annual average pensionable compensation earnable during the three consecutive years of employment immediately preceding the effective date of his or her their retirement or any other three consecutive year period chosen by the employee as set forth in Government Code section 7522.32(a).

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

Retirement Benefit Calculation Period. For unit members defined as “new members” under the PEPRA such employees’ final compensation will be based on the highest annual average compensation earnable during the three consecutive years of employment immediately preceding the effective date of his or her hertheir retirement or any other three consecutive year period chosen by the employee as set forth in Government Code section 7522.32(a).

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

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Retirement Benefit Calculation Period. For unit members defined as “new members” under the PEPRA such employees’ final compensation will be based on the highest annual average compensation earnable during the three consecutive years of employment immediately preceding the effective date of his or her retirement or any other three consecutive year period chosen by the employee as set forth in Government Code section 7522.32(a).

Appears in 1 contract

Samples: Memorandum of Understanding

Retirement Benefit Calculation Period. For unit members defined as “new members” under the PEPRA such employees’ final compensation will be based on the highest annual average pensionable compensation earnable during the three consecutive years of employment immediately preceding the effective date of his or her retirement or any other three consecutive year period chosen by the employee as set forth in Government Code section 7522.32(a).

Appears in 1 contract

Samples: Memorandum of Understanding

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