Common use of Retirement Formula Clause in Contracts

Retirement Formula. Retirement formula will be determined in accordance with Public Employment Retirement Law, the Public Employees Pension Reform Act of 2013 and this Memorandum of Understanding. Where conflicts arise the law will prevail. Employees identified by XxxXXXX as Classic Members: • The 2% @ 50 PERS Formula shall be provided for Public Safety category employees. • The 2% @ 55 PERS Formula shall be provided for Miscellaneous category employees. Employees identified by XxxXXXX as PEPRA New Members: • The 2.7% @ 57 PERS Formula shall be provided for Public Safety category employees. • The 2% @ 62 PERS Formula shall be provided for Miscellaneous category employees. All other current retirement benefits in the existing contract between the County and PERS shall remain in effect.

Retirement Formula. Retirement formula will be determined in accordance with Public Employment Retirement Law, the Public Employees Pension Reform Act of 2013 and this Memorandum of Understanding. Where conflicts arise the law will prevail. Employees identified by XxxXXXX as Classic Members: •  The 2% @ 50 PERS Formula shall be provided for Public public Safety category employees. •  The 2% @ 55 PERS Formula shall be provided for Miscellaneous category employees. Employees identified by XxxXXXX as PEPRA New Members: •  The 2.7% @ 57 PERS Formula shall be provided for Public Safety category employees. •  The 2% @ 62 PERS Formula shall be provided for Miscellaneous category employees. All other current retirement benefits in the existing contract between the County and PERS shall remain in effect.

Retirement Formula. Retirement formula will be determined in accordance with Public Employment Retirement Law, the Public Employees Pension Reform Act of 2013 and this Memorandum of Understanding. Where conflicts arise the law will prevail. Employees identified by XxxXXXX as Classic Members: • The 2% @ 50 PERS Formula shall be provided for Public public Safety category employees. • The 2% @ 55 PERS Formula shall be provided for Miscellaneous category employees. Employees identified by XxxXXXX as PEPRA New Members: • The 2.7% @ 57 PERS Formula shall be provided for Public public Safety category employees. • The 2% @ 62 PERS Formula shall be provided for Miscellaneous category employees. All other current retirement benefits in the existing contract between the County and PERS shall remain in effect.

Retirement Formula. ‌ Retirement formula will be determined in accordance with Public Employment Retirement Law, the Public Employees Pension Reform Act of 2013 and this Memorandum memorandum of Understandingunderstanding. Where conflicts arise the law will prevail. Employees identified by XxxXXXX as Classic Members: • The 2% @ 50 PERS Formula shall be provided for Public public Safety category employees. • The 2% @ 55 PERS Formula shall be provided for Miscellaneous category employees. Employees identified by XxxXXXX as PEPRA New Members: • The 2.7% @ 57 PERS Formula shall be provided for Public Safety category employees. • The 2% @ 62 PERS Formula shall be provided for Miscellaneous category employees. All other current retirement benefits in the existing contract between the County and PERS shall remain in effect.

Retirement Formula. Retirement formula will be determined in accordance with Public Employment Retirement Law, the Public Employees Pension Reform Act of 2013 and this Memorandum of Understanding. Where conflicts arise the law will prevail. Employees identified by XxxXXXX as Classic Members: •  The 2% @ 50 PERS Formula shall be provided for Public Safety category employees. •  The 2% @ 55 PERS Formula shall be provided for Miscellaneous category employees. Employees identified by XxxXXXX as PEPRA New Members: •  The 2.7% @ 57 PERS Formula shall be provided for Public Safety category employees. •  The 2% @ 62 PERS Formula shall be provided for Miscellaneous category employees. All other current retirement benefits in the existing contract between the County and PERS shall remain in effect.

Retirement Formula. Retirement formula will be determined in accordance with Public Employment Retirement Law, the Public Employees Pension Reform Act of 2013 and this Memorandum of Understanding. Where conflicts arise the law will prevail. Employees identified by XxxXXXX as Classic Members: • The 2% @ 50 PERS Formula shall be provided for Public public Safety category employees. • The 2% @ 55 PERS Formula shall be provided for Miscellaneous category employees. Employees identified by XxxXXXX as PEPRA New Members: • The 2.7% @ 57 PERS Formula shall be provided for Public Safety category employees. • The 2% @ 62 PERS Formula shall be provided for Miscellaneous category employees. All other current retirement benefits in the existing contract between the County and PERS shall remain in effect.