Common use of Second-Tier Retirement Plan Clause in Contracts

Second-Tier Retirement Plan. UAPD and the State agree to participate in the Second-Tier Retirement Plan as prescribed by law. A. Second Tier members first employed by the State and subject to CalPERS membership prior to January 1, 2013 are subject to the Pre-PEPRA Second Tier retirement formula. B. Employees who are brought into CalPERS membership for the first time on or after January 1, 2013 and who are not eligible for reciprocity with another California public employer as provided in Government Code Section 7522.02(c) shall be subject to the “PEPRA Retirement Formula.” As such, the PEPRA changes to retirement formulas and pensionable compensation caps apply only to new CalPERS members subject to PEPRA as defined under PEPRA. C. The table below lists the Second Tier age/benefit factors for the Pre-PEPRA and PEPRA retirement formulas. Age at Retirement Pre-PEPRA Formula (1.25% at age 65) PEPRA Formula (1.25% at age 67) Employees first hired and subject to CalPERS membership prior to January 1, 2013 Employees eligible for CalPERS Membership for the first time on and after January 1, 2013 Age at Retirement Pre-PEPRA Formula (1.25% at age 65) PEPRA Formula (1.25% at age 67) Employees first hired and subject to CalPERS membership prior to January 1, 2013 Employees eligible for CalPERS Membership for the first time on and after January 1, 2013

Second-Tier Retirement Plan. UAPD and the State agree to Unit 6 members may participate in the Second-Tier Retirement Plan retirement plan as prescribed by lawGovernment Code Section 21070.5. A. Second Tier members first employed by the State and subject to CalPERS membership prior to January 1, 2013 2013, are subject to the Pre-PEPRA Second Tier retirement formula. B. Employees who are brought into CalPERS membership for the first time on or after January 1, 2013 2013, and who are not eligible for reciprocity with another California public employer as provided in Government Code Section 7522.02(c) shall be subject to the “PEPRA Retirement Formula.” As such, the PEPRA changes to retirement formulas and pensionable compensation caps apply only to new CalPERS members subject to PEPRA as defined under PEPRA. C. The table below lists the Second Tier age/benefit factors for the Pre-PEPRA and PEPRA retirement formulas. Age at Retirement Pre-PEPRA Formula (1.25% at age 65) PEPRA Formula (1.25% at age 67) Employees first hired and subject to CalPERS membership prior to January 1, 2013 PEPRA Formula (1.25% at age 67) Employees eligible for CalPERS Membership for the first time on and after January 1, 2013 50 0.500 N/A 51 0.550 N/A 52 0.600 0.650 Age at Retirement Pre-PEPRA Formula (1.25% at age 65) PEPRA Formula (1.25% at age 67) Employees first hired and subject to CalPERS membership prior to January 1, 2013 PEPRA Formula (1.25% at age 67) Employees eligible for CalPERS Membership for the first time on and after January 1, 2013 D. Employee Retirement Contribution As stated in Government Code Section 20683.2, effective July 1, 2013, Second Tier members, including ARP members, shall contribute one and one-half percent (1.5%) of monthly pensionable compensation for retirement, and will increase by 1.5% points annually. The final annual increase in the contribution rate shall be adjusted as appropriate to reach fifty percent (50%) of normal cost.

Second-Tier Retirement Plan. UAPD and the State agree to Unit 10 members may participate in the Second-Tier Retirement Plan retirement plan as prescribed by lawGovernment Code Section 21070.5. A. Second Tier members first employed by the State and subject to CalPERS membership prior to January 1, 2013 are subject to the Pre-PEPRA Second Tier retirement formula. B. Employees who are brought into CalPERS membership for the first time on or after January 1, 2013 and who are not eligible for reciprocity with another California public employer as provided in Government Code Section 7522.02(c) shall be subject to the “PEPRA Retirement Formula.” As such, the PEPRA changes to retirement formulas and pensionable compensation caps apply only to new CalPERS members subject to PEPRA as defined under PEPRA. C. The table below lists the Second Tier age/benefit factors for the Pre-PEPRA and PEPRA retirement formulas. Age at Retirement Pre-PEPRA Formula (1.25% at age 65) Employees first hired and subject to CalPERS Membership prior to January 1, 2013 PEPRA Formula (1.25% at age 67) Employees first hired and subject to CalPERS membership prior to January 1, 2013 Employees eligible for CalPERS Membership for the first time on and after January 1, 2013 Age at Retirement Pre-PEPRA Formula (1.25% at age 65) Employees first hired and subject to CalPERS Membership prior to January 1, 2013 PEPRA Formula (1.25% at age 67) Employees first hired and subject to CalPERS membership prior to January 1, 2013 Employees eligible for CalPERS Membership for the first time on and after January 1, 2013 67 1. 2500 1.2500

Second-Tier Retirement Plan. UAPD The Union and the State agree to participate in the Second-Tier Retirement Plan retirement plan as prescribed by law. A. Second Tier members first employed by the State and subject to CalPERS membership prior to January 1, 2013 are subject to the Pre-PEPRA Second Tier retirement formula. B. Employees who are brought into CalPERS membership for the first time on or after January 1, 2013 and who are not eligible for reciprocity with another California public employer as provided in Government Code Section section 7522.02(c) shall be subject to the “PEPRA Retirement Formula.” As such, the PEPRA changes to retirement formulas and pensionable compensation caps apply only to new CalPERS members subject to PEPRA as defined under PEPRA. C. The table below lists the Second Tier age/benefit factors for the Pre-PEPRA and PEPRA XXXXX retirement formulas. Age at Retirement Pre-PEPRA Formula (1.25% at age 65) PEPRA Formula (1.25% at age age 65) 67) Employees first hired and subject to CalPERS membership prior to January 1, 2013 Employees eligible for CalPERS subject to CalPERS Membership for the first time on Membership prior to January and after January 1, 2013 Age at Retirement Pre-PEPRA Formula (1.25% at age 65) PEPRA Formula (1.25% at age 67) Employees first hired and subject to CalPERS membership prior to January 1, 2013 Employees eligible for CalPERS Membership for the first time on and after January 1, 2013 X. Xx stated in Government Code section 20683.2, effective July 1, 2013, Second Tier members, including ARP members, shall contribute one and one-half percent (1.5%) of monthly pensionable compensation for retirement, and will increase by one and one-half percent (1.5%) points annually. The final annual increase in the contribution rate shall be adjusted as appropriate to reach fifty percent (50%) of normal cost.