TIER 5 MISCELLANEOUS EMPLOYEE RETIREMENT. The County shall establish a Miscellaneous Employee Retirement Tier 5 based upon California Public Employees’ Pension Reform Act of 2013 resulting in a 2% at age 62 formula, with a final compensation based upon the highest three-year average compensation pursuant to California Public Employees’ Pension Reform Act of 2013. This retirement tier shall apply exclusively to employees hired on or after January 1, 2013.
Appears in 4 contracts
TIER 5 MISCELLANEOUS EMPLOYEE RETIREMENT. The County shall establish a Miscellaneous Employee Retirement Tier 5 based upon California Public Employees’ Pension Reform Act of 2013 2013, resulting in a 2% at age 62 formula, with a final compensation based upon the highest three-year average compensation pursuant to California Public Employees’ Pension Reform Act of 2013. This retirement tier shall apply exclusively to employees hired on or after January 1, 2013.
Appears in 4 contracts
Samples: Agreement, Agreement, laborrelations.saccounty.net
TIER 5 MISCELLANEOUS EMPLOYEE RETIREMENT. The County shall establish a Miscellaneous Employee Retirement Tier 5 based upon California Public Employees’ Employee's Pension Reform Act of 2013 2013, resulting in a 2% at age 62 formula, with a final compensation based upon the highest three-year average compensation pursuant to California Public Employees’ ' Pension Reform Act of 2013. This retirement tier shall apply exclusively to employees hired on or after January 1, 2013.
Appears in 3 contracts
Samples: Agreement, Service Employees, Agreement
TIER 5 MISCELLANEOUS EMPLOYEE RETIREMENT. The County shall establish implemented a Miscellaneous Employee Retirement Tier 5 based upon the California Public Employees’ Pension Reform Act of 2013 2013, resulting in a 2% at age 62 formula, with a final compensation based upon the highest three-year average compensation pursuant to California Public Employees’ Pension Reform Act of 2013. This retirement tier shall apply exclusively to employees hired on or after January 1, 2013.
Appears in 2 contracts
TIER 5 MISCELLANEOUS EMPLOYEE RETIREMENT. a. The County shall establish a Miscellaneous Employee Retirement Tier 5 based upon California Public Employees’ Pension Reform Act of 2013 2013, resulting in a 2% at age 62 formula, with a final compensation based upon the highest three-year average compensation pursuant to California Public Employees’ Pension Reform Act of 2013. This retirement tier shall apply exclusively to employees hired on or after January 1, 2013.
Appears in 1 contract
Samples: Agreement
