Common use of State Safety Member Retirement Clause in Contracts

State Safety Member Retirement. State Safety A Formula (2.5% at age 55), State Safety B Formula (2% at age 55), and Public Employees’ Pension Reform Act (PEPRA) State Safety Retirement Formula (2% at age 57)/Contribution Rate/Final Compensation Earnable A. State Safety retirement members first employed by the state prior to January 15, 2011 are subject to the State Safety A retirement formula. B. State Safety retirement members first employed by the State on or after January 15, 2011 and prior to January 1, 2013 and qualify for CalPERS membership are subject to the State Safety B Retirement Formula. The State Safety B retirement formula does not apply to:  Former state employees who return to state employment on or after January 15, 2011;  State employees hired prior to January 15, 2011 who were subject to the Alternate Retirement Program (ARP);  State employees on approved leave of absence prior to January 15, 2011 who return to active employment on or after January 15, 2011; or  Persons who are already members or annuitants of the California Public Employees Retirement System as a state employee prior to January 15, 2011. The above categories are subject to the State Safety A retirement formula. C. 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. D. The table below lists the age/benefit factors for the State Safety A, State Safety B and PEPRA State Safety retirement formulas.

State Safety Member Retirement. State Safety A Formula (2.5% at age 55), State Safety B Formula (2% at age 55), and Public Employees’ Pension Reform Act (PEPRA) State Safety Retirement Formula (2% at age 57)/Contribution Rate/Final Compensation Earnable A. State Safety retirement members first employed by the state prior to January 15, 2011 are subject to the State Safety A retirement formula. B. State Safety retirement members first employed by the State on or after January 15, 2011 and prior to January 1, 2013 and qualify for CalPERS membership are subject to the State Safety B Retirement Formula. The State Safety B retirement formula does not apply to:  • Former state employees who return to state employment on or after January 15, 2011;  • State employees hired prior to January 15, 2011 who were subject to the Alternate Retirement Program (ARP);  • State employees on approved leave of absence prior to January 15, 2011 who return to active employment on or after January 15, 2011; or  • Persons who are already members or annuitants of the California Public Employees Retirement System as a state employee prior to January 15, 2011. The above categories are subject to the State Safety A retirement formula. C. 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. D. The table below lists the age/benefit factors for the State Safety A, State Safety B and PEPRA State Safety retirement formulas. Employees hired prior to January 15, 2011 Employees first hired on and after January 15, 2011 and prior to January 1, 2013 Employees eligible for CalPERS Membership for the first time on and after January 1, 2013 E. Employee Retirement Contribution Effective July 1, 2014, State Safety members shall contribute eleven percent (11%) of pensionable compensation in excess of $317 for retirement.

State Safety Member Retirement. State Safety A Formula (2.5% at age 55), State Safety B Formula (2% at age 55), and Public Employees’ Pension Reform Act (PEPRA) State Safety Retirement Formula (2% at age 57)/Contribution Rate/Final Compensation EarnableEarnable‌ A. State Safety retirement members first employed by the state State prior to January 15, 2011 are subject to the State Safety A retirement formula. B. State Safety retirement members first employed by the State on or after January 15, 2011 and prior to January 1, 2013 and qualify for CalPERS membership are subject to the State Safety B Retirement Formula. The State Safety B retirement formula does not apply to:  Former state employees who return to state employment on or after January 15, 2011; .  State employees hired prior to January 15, 2011 who were subject to the Alternate Retirement Program (ARP); .  State employees on approved leave of absence prior to January 15, 2011 who return to active employment on or after January 15, 2011; or .  Persons who are already members or annuitants of the California Public Employees Retirement System as a state employee prior to January 15, 2011. The above categories are subject to the State Safety A retirement formula. C. 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. D. The table below lists the age/benefit factors for the State Safety A, State Safety B B, and PEPRA State Safety retirement formulasFormulas. Age at Retirement State Safety A Formula (2.5% at age 55)G.C. 21369.1 State Safety B Formula (2% at age 55) G.C. 21369 PEPRA State Safety Formula (2% at age 57) G.C. 7522.25(b) Employees hired prior to January 15, 2011 Employees first hired on and after January 15, 2011 and prior to January 1, 2013 Employees eligible for CalPERS Membership for the first time on and after January 1, 2013 50 1.7000 1.426 1.426 51 1.8000 1.522 1.508 52 1.9000 1.628 1.590 53 2.0000 1.742 1.672 54 2.2500 1.866 1.754 55 2.5000 2.000 1.836 56 N/A N/A 1.918 57 and over N/A N/A 2.000 E. Employee Retirement Contribution As stated in Government Code Section 20683.2, effective July 1, 2013, State Safety members shall contribute an additional one percent (1%) retirement contribution; State Safety members shall contribute ten percent (10%) of monthly pensionable compensation in excess of $317 for retirement. As stated in Government Code Section 20683.2, effective July 1, 2014, State Safety members shall pay an additional one percent (1%) retirement contribution; State Safety members shall contribute eleven percent (11%) of pensionable compensation in excess of $317 for retirement.

State Safety Member Retirement. State Safety A Formula (2.5% at age 55), State Safety B Formula (2% at age 55), and Public Employees’ Pension Reform Act (PEPRA) State Safety Retirement Formula (2% at age 57)/Contribution Rate/Final Compensation Earnable A. State Safety retirement members first employed by the state State prior to January 15, 2011 are subject to the State Safety A retirement formula. B. State Safety retirement members first employed by the State on or after January 15, 2011 and prior to January 1, 2013 and qualify for CalPERS membership are subject to the State Safety B Retirement Formula. The State Safety B retirement formula does not apply to:  Former state employees who return to state employment on or after January 15, 2011; .  State employees hired prior to January 15, 2011 who were subject to the Alternate Retirement Program (ARP); .  State employees on approved leave of absence prior to January 15, 2011 who return to active employment on or after January 15, 2011; or .  Persons who are already members or annuitants of the California Public Employees Retirement System as a state State employee prior to January 15, 2011. The above categories are subject to the State Safety A retirement formula. C. 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. D. The table below lists the age/benefit factors for the State Safety A, State Safety B B, and PEPRA State Safety retirement formulasFormulas. Age at Retirement State Safety A Formula (2.5% at age 55) G.C. 21369.1 State Safety B Formula (2% at age 55) G.C. 21369 PEPRA State Safety Formula (2% at age 57) G.C. 7522.25(b) Employees hired prior to January 15, 2011 Employees first hired on and after January 15, 2011 and prior to January 1, 2013 Employees eligible for CalPERS Membership for the first time on and after January 1, 2013 E. Employee Retirement Contribution As stated in Government Code Section 20683.2, effective July 1, 2013, State Safety members shall contribute an additional one percent (1%) retirement contribution; State Safety members shall contribute ten percent (10%) of monthly pensionable compensation in excess of $317 for retirement. As stated in Government Code Section 20683.2, effective July 1, 2014, State Safety members shall pay an additional one percent (1%) retirement contribution; State Safety members shall contribute eleven percent (11%) of pensionable compensation in excess of $317 for retirement.

State Safety Member Retirement. State Safety A Formula (2.5% at age 55), State Safety B Formula (2% at age 55), and Public Employees’ Pension Reform Act (PEPRA) State Safety Retirement Formula (2% at age 57)/Contribution Rate/Final Compensation Earnable A. State Safety retirement members first employed by the state State prior to January 15, 2011 are subject to the State Safety A retirement formula. B. State Safety retirement members first employed by the State on or after January 15, 2011 and prior to January 1, 2013 and qualify for CalPERS membership are subject to the State Safety B Retirement Formula. The State Safety B retirement formula does not apply to:  • Former state employees who return to state employment on or after January 15, 2011;  . • State employees hired prior to January 15, 2011 who were subject to the Alternate Retirement Program (ARP);  . • State employees on approved leave of absence prior to January 15, 2011 who return to active employment on or after January 15, 2011; or  . • Persons who are already members or annuitants of the California Public Employees Retirement System as a state State employee prior to January 15, 2011. The above categories are subject to the State Safety A retirement formula. C. 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. D. The table below lists the age/benefit factors for the State Safety A, State Safety B B, and PEPRA State Safety retirement formulasFormulas. Age at Retirement State Safety A Formula (2.5% at age 55) G.C. 21369.1 State Safety B Formula (2% at age 55) G.C. 21369 PEPRA State Safety Formula (2% at age 57) G.C. 7522.25(b) Employees hired prior to January 15, 2011 Employees first hired on and after January 15, 2011 and prior to January 1, 2013 Employees eligible for CalPERS Membership for the first time on and after January 1, 2013 E. Employee Retirement Contribution As stated in Government Code Section 20683.2, effective July 1, 2013, State Safety members shall contribute an additional one percent (1%) retirement contribution; State Safety members shall contribute ten percent (10%) of monthly pensionable compensation in excess of $317 for retirement. As stated in Government Code Section 20683.2, effective July 1, 2014, State Safety members shall pay an additional one percent (1%) retirement contribution; State Safety members shall contribute eleven percent (11%) of pensionable compensation in excess of $317 for retirement.

State Safety Member Retirement. State Safety A Formula (2.5% at age 55), State Safety B Formula (2% at age 55), and Public Employees’ Pension Reform Act (PEPRA) State Safety Retirement Formula (2% at age 57)/Contribution Rate/Final Compensation Earnable A. State Safety retirement members first employed by the state prior to January 15, 2011 are subject to the State Safety A retirement formula. B. State Safety retirement members first employed by the State on or after January 15, 2011 and prior to January 1, 2013 and qualify for CalPERS membership are subject to the State Safety B Retirement Formula. The State Safety B retirement formula does not apply to:  • Former state employees who return to state employment on or after January 15, 2011;  • State employees hired prior to January 15, 2011 who were subject to the Alternate Retirement Program (ARP);  • State employees on approved leave of absence prior to January 15, 2011 who return to active employment on or after January 15, 2011; or  • Persons who are already members or annuitants of the California Public Employees Retirement System as a state employee prior to January 15, 2011. The above categories are subject to the State Safety A retirement formula. C. 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. D. The table below lists the age/benefit factors for the State Safety A, State Safety B and PEPRA State Safety retirement formulas. 51 § 10.04 Employees hired prior to January 15, 2011 Employees first hired on and after January 15, 2011 and prior to January 1, 2013 Employees eligible for CalPERS Membership for the first time on and after January 1, 2013 E. Employee Retirement Contribution Effective July 1, 2014, State Safety members shall contribute eleven percent (11%) of pensionable compensation in excess of $317 for retirement.

State Safety Member Retirement. State Safety A Formula (2.5% at age 55), State Safety B Formula (2% at age 55), and Public Employees’ Pension Reform Act (PEPRA) State Safety Retirement Formula (2% at age 57)/Contribution Rate/Final Compensation Earnable A. State Safety retirement members first employed by the state prior to January 15, 2011 are subject to the State Safety A retirement formula. B. State Safety retirement members first employed by the State on or after January 15, 2011 and prior to January 1, 2013 and qualify for CalPERS membership are subject to the State Safety B Retirement Formula. The State Safety B retirement formula does not apply to:  • Former state employees who return to state employment on or after January 15, 2011;  • State employees hired prior to January 15, 2011 who were subject to the Alternate Retirement Program (ARP);  • State employees on approved leave of absence prior to January 15, 2011 who return to active employment on or after January 15, 2011; or  • Persons who are already members or annuitants of the California Public Employees Retirement System as a state employee prior to January 15, 2011. The above categories are subject to the State Safety A retirement formula. C. 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. D. The table below lists the age/benefit factors for the State Safety A, State Safety B and PEPRA State Safety retirement formulas. Age at Retirement State Safety A State Safety B PEPRA State Formula Formula Safety Formula (2.5% at age 55) (2% at age 55) (2% at age 57) G.C. 21369.1 G.C. 21369 G.C. 7522.25(b) Employees hired prior Employees first hired Employees to January 15, 2011 on and after January eligible for 15, 2011 and prior to CalPERS January 1, 2013 Membership for the first time on and after January 1, 2013 E. Employee Retirement Contribution Effective July 1, 2014, State Safety members shall contribute eleven percent (11%) of pensionable compensation in excess of $317 for retirement.