Safety Employees. Sworn personnel shall remain “safety members” of the California Public Employees’ Retirement System (“CalPERS”). A. Classic Employees Those sworn employees who are Classic employees as defined by State Law and as determined by CalPERS shall receive the three percent (3%) at Age 50 Safety Retirement Plan, including the Fourth (4th) Xxxxx 0000 Xxxxxxxxx Benefits, but not including the one-half (½) survivors continuance and will not be covered by the Federal Old Age, Survivors, Disability and Health Insurance Program (Social Security). Classic sworn personnel shall continue to be eligible for the one (1) year “final compensation” with PERS pursuant to Section 20692 of the California Public Employees’ Retirement System 1996 Optional Public Agency Contract Provisions and Amendment Procedures. By doing so, the District will stop paying those contributions during the final compensation period (one year) and increase the pay rate of the members by the amount of employer-paid member contributions (EPMC). For Classic employees, the District shall continue to pick up the employee’s contribution to the Public Employees’ Retirement System (PERS) per Section 20692 Employer Paid Member Contributions Converted to Payrate during the Final Compensation Period. Classic employees shall cost share according to the following schedule: In Year 1 of the Contract, the cost share percentages for all employees will be effective on the first full pay period following ratification of the Contract by the Board of Directors. For Years 2, 3, and 4 of the Contract, the cost share percentage for all employees will be effective on the first full pay period after July 1st of each respective fiscal year. B. PEPRA Employees Those sworn employees, as defined by State Law and as determined by XxxXXXX, first employed by the District on or after January 1, 2013 shall receive the two and seven tenths percent (2.7%) at Age 57 Safety Retirement Plan including the Fourth (4th) Level 1959 Survivors Benefits, but not including the one-half (½) survivors continuance and will not be covered by the Federal Old Age, Survivors, Disability and Health Insurance Program (Social Security). Employees not designated as Classic employees shall pay half the normal cost of the applicable pension as determined by CalPERS and the District will not pay any portion of the employee's share. In addition, such employees shall cost share according to the following schedule: In Year 1 of the Contract, the cost share percentages for all employees will be effective on the first full pay period following ratification of the Contract by the Board of Directors. For Years 2, 3, and 4 of the Contract, the cost share percentage for all employees will be effective on the first full pay period after July 1st of each respective fiscal year.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Safety Employees. Sworn personnel shall remain “safety members” of the California Public Employees’ Retirement System (“CalPERS”).
A. Classic Employees Those sworn employees who are Classic employees as defined by State Law and as determined by CalPERS shall receive the three percent (3%) at Age 50 Safety Retirement Plan, including the Fourth (4th) Xxxxx 0000 Xxxxxxxxx Benefits, but not including the one-half (½) survivors continuance and will not be covered by the Federal Old Age, Survivors, Disability and Health Insurance Program (Social Security). Classic sworn personnel shall continue to be eligible for the one (1) year “final compensation” with PERS pursuant to Section 20692 of the California Public Employees’ Retirement System 1996 Optional Public Agency Contract Provisions and Amendment Procedures. By doing so, the District will stop paying those contributions during the final compensation period (one year) and increase the pay rate of the members by the amount of employer-paid member contributions (EPMC). For Classic employees, the District shall continue to pick up the employee’s contribution to the Public Employees’ Retirement System (PERS) per Section 20692 Employer Paid Member Contributions Converted to Payrate during the Final Compensation Period. Classic employees shall cost share according to the following schedule: In Year 1 of the Contract, the cost share percentages for all employees will be effective on the first full pay period following ratification of the Contract by the Board of Directors. For Years 2, 3, and 4 of the Contract, the cost share percentage for all employees will be effective on the first full pay period after July 1st of each respective fiscal year.
B. PEPRA Employees Those sworn employees, as defined by State Law and as determined by XxxXXXXCalPERS, first employed by the District on or after January 1, 2013 shall receive the two and seven tenths percent (2.7%) at Age 57 Safety Retirement Plan including the Fourth (4th) Level 1959 Survivors Benefits, but not including the one-half (½) survivors continuance and will not be covered by the Federal Old Age, Survivors, Disability and Health Insurance Program (Social Security). Employees not designated as Classic employees shall pay half the normal cost of the applicable pension as determined by CalPERS and the District will not pay any portion of the employee's share. In addition, such employees shall cost share according to the following schedule: In Year 1 of the Contract, the cost share percentages for all employees will be effective on the first full pay period following ratification of the Contract by the Board of Directors. For Years 2, 3, and 4 of the Contract, the cost share percentage for all employees will be effective on the first full pay period after July 1st of each respective fiscal year.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Safety Employees. Sworn personnel shall remain “safety members” of the California Public Employees’ Retirement System (“CalPERS”).
A. Classic Employees Those sworn employees who are Classic employees as defined by State Law and as determined by CalPERS shall receive the three percent (3%) at Age 50 Safety Retirement Plan, including the Fourth (4th) Xxxxx 0000 Xxxxxxxxx Level 1959 Survivors Benefits, but not including the one-half (½) survivors continuance and will not be covered by the Federal Old Age, Survivors, Disability and Health Insurance Program (Social Security). Classic sworn personnel shall continue to be eligible for the one (1) year “final compensation” with PERS pursuant to Section 20692 of the California Public Employees’ Retirement System 1996 Optional Public Agency Contract Provisions and Amendment Procedures. By doing so, the District will stop paying those contributions during the final compensation period (one year) and increase the pay rate of the members by the amount of employer-paid member contributions (EPMC). For Classic employees, the District shall continue to pick up the employee’s contribution to the Public Employees’ Retirement System (PERS) per Section 20692 Employer Paid Member Contributions Converted to Payrate during the Final Compensation Period. Classic employees shall cost share according to the following schedule: In Year 1 of the Contract, the cost share percentages for all employees will be effective on the first full pay period following ratification of the Contract by the Board of Directors. For Years 2, 3, and 4 of the Contract, the cost share percentage for all employees will be effective on the first full pay period after July 1st of each respective fiscal year.
B. PEPRA Employees Those sworn employees, as defined by State Law and as determined by XxxXXXX, first employed by the District on or after January 1, 2013 shall receive the two and seven tenths percent (2.7%) at Age 57 Safety Retirement Plan including the Fourth (4th) Level 1959 Survivors Benefits, but not including the one-half (½) survivors continuance and will not be covered by the Federal Old Age, Survivors, Disability and Health Insurance Program (Social Security). Employees not designated as Classic employees shall pay half the normal cost of the applicable pension as determined by CalPERS and the District will not pay any portion of the employee's share. In addition, such employees shall cost share according to the following schedule: In Year 1 of the Contract, the cost share percentages for all employees will be effective on the first full pay period following ratification of the Contract by the Board of Directors. For Years 2, 3, and 4 of the Contract, the cost share percentage for all employees will be effective on the first full pay period after July 1st of each respective fiscal year.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Safety Employees. Sworn personnel shall remain “safety members” of the California Public Employees’ Retirement System (“CalPERS”).
A. Classic Employees Those sworn employees who are Classic employees as defined by State Law and as determined by CalPERS shall receive the three percent (3%) at Age 50 Safety Retirement Plan, including the Fourth (4th) Xxxxx 0000 Xxxxxxxxx Benefits, but not including the one-half (½) survivors continuance and will not be covered by the Federal Old Age, Survivors, Disability and Health Insurance Program (Social Security). Classic sworn personnel shall continue to be eligible for the one (1) year “final compensation” with PERS pursuant to Section 20692 of the California Public Employees’ Retirement System 1996 Optional Public Agency Contract Provisions and Amendment Procedures. By doing so, the District will stop paying those contributions during the final compensation period (one year) and increase the pay rate of the members by the amount of employer-paid member contributions (EPMC). For Classic employees, the District shall continue to pick up the employee’s contribution to the Public Employees’ Retirement System (PERS) per Section 20692 Employer Paid Member Contributions Converted to Payrate during the Final Compensation Period. Classic employees shall cost share according to the following schedule: In Year 1 of the Contract, the cost share percentages for all employees will be effective on the first full pay period following ratification of the Contract by the Board of Directors. For Years 2, 3, and 4 of the Contract, the cost share percentage for all employees will be effective on the first full pay period after July 1st of each respective fiscal year.
B. PEPRA Employees Those sworn employees, as defined by State Law and as determined by XxxXXXXCalPERS, first employed by the District on or after January 1, 2013 shall receive the two and seven tenths percent (2.7%) at Age 57 Safety Retirement Plan including the Fourth (4th) Level 1959 Survivors Benefits, but not including the one-half (½) survivors continuance and will not be covered by the Federal Old Age, Survivors, Disability and Health Insurance Program (Social Security). Employees not designated as Classic employees shall pay half the normal cost of the applicable pension as determined by CalPERS and the District will not pay any portion of the employee's share. In addition, such employees shall cost share according to the following schedule: In Year 1 of the Contract, the cost share percentages for all employees will be effective on the first full pay period following ratification of the Contract by the Board of Directors. For Years 2, 3, and 4 of the Contract, the cost share percentage for all employees will be effective on the first full pay period after July 1st of each respective fiscal year.
Appears in 1 contract
Samples: Collective Bargaining Agreement