Tier 2 Employees Sample Clauses

Tier 2 Employees. Employees hired on or after July 1, 2012 will receive the optional CalPERS benefit set forth in Section 21354 of the California Government Code, which establishes a 2.0% @ 55 full formula, with Final Compensation based on the 36 highest paid consecutive months set forth in Section 20037 of the California Government Code. Employees will contribute, on a pre-tax basis, the mandatory 7% employee contribution to CalPERS. The City will not implement the option to pay and report the value of Employer Paid Member Contributions (EPMC).
Sample 1Sample 2
AutoNDA by SimpleDocs
Tier 2 Employees 
Sample 1Sample 2

Related to Tier 2 Employees

  • Eligible Employees Regular and probationary, full time and less than full-time employees (on a pro rata basis) are eligible to participate in this program. Sec. 903 COURSES ELIGIBLE: The following criteria will be used in determining eligibility for reimbursement:

  • Affected Employees The Employer shall first determine by job classification the number of employees or FTEs to be affected by the layoff. The least senior employee within the affected job classification shall be selected for layoff. The exception would be only when the Employer determines that the position requires unique qualifications and abilities necessary to perform the specialized and required functions of that position, which would then become an overriding factor.

Time is Money Join Law Insider Premium to draft better contracts faster.