Common use of Safety Retirement Benefit Clause in Contracts

Safety Retirement Benefit. Employees who become CCCERA members on or after January 1, 2013. 1. For employees who become Safety Members of the Contra Costa County Employee Retirement Association (CCCERA) on or after January 1, 2013, retirement benefits are governed by the California Public Employees Pension Reform Act of 2013 (PEPRA), (Chapters 296, 297, Statutes of 2012). To the extent this Agreement conflicts with any provision of PEPRA, PEPRA will govern. 2. PEPRA Safety Option Plan Two (2.7% @ 57) applies to employees who, under XXXXX, become New Members of CCCERA. For these employees, the cost of living adjustment to the retirement allowance will not exceed two percent (2%) per year, and the cost of living adjustment will be banked. 3. Subsection A, subparts (1) through (4), above, applies to employees who, under XXXXX, become reciprocal members of CCCERA, as determined by CCCERA.”