Common use of Tier Three: New Retirement Tier For Safety Bargaining Unit Members Hired On Clause in Contracts

Tier Three: New Retirement Tier For Safety Bargaining Unit Members Hired On. Or After January 1, 2013 Effective January 1, 2013, this Section 21.4 (including subsections) shall apply to bargaining unit members who were hired or on after January 1, 2013 and who do not qualify for pension reciprocity as stated in Government Code Section 7522.02 (c). 21.4.1 2% @ 50 – 2.7% @ 57 Pension Formula As required by Government Code Section 7522.25, the safety Option Plan Two (2% @ 50 – 2.7% @ 57) pension formula shall apply to bargaining unit members covered by this Section 21.4.

Tier Three: New Retirement Tier For Safety Bargaining Unit Members Hired On. Or After January 1, 2013 Effective January 1, 2013, this Section 21.4 35.4 (including subsections) shall apply to bargaining unit members who were hired on or on after January 1, 2013 and who do not qualify for pension reciprocity as stated in Government Code Section 7522.02 (c). 21.4.1 35.4.1 2% @ 50 – 2.7% @ 57 Pension Formula As required by Government Code Section 7522.25, the safety Safety Option Plan Two (2% @ 50 – 2.7% @ 57) pension formula shall apply to bargaining unit members covered by this Section 21.435.4.

Tier Three: New Retirement Tier For Safety Bargaining Unit Members Hired On. Or After January 1, 2013 2013‌ Effective January 1, 2013, this Section 21.4 (including subsections) shall apply to bargaining unit members who were hired or on after January 1, 2013 and who do not qualify for pension reciprocity as stated in Government Code Section 7522.02 (c). 21.4.1 2% @ 50 – 2.7% @ 57 Pension Formula As required by Government Code Section 7522.25, the safety Option Plan Two (2% @ 50 – 2.7% @ 57) pension formula shall apply to bargaining unit members covered by this Section 21.4.

Tier Three: New Retirement Tier For Safety Bargaining Unit Members Hired On. Or After January 1, 2013 2013‌ Effective January 1, 2013, this Section 21.4 (including subsections) shall apply to bargaining unit members who were hired or on after January 1, 2013 and who do not qualify for pension reciprocity as stated in Government Code Section 7522.02 (c). 21.4.1 2% @ 50 – 2.7% @ 57 Pension Formula Formula‌ As required by Government Code Section 7522.25, the safety Option Plan Two (2% @ 50 – 2.7% @ 57) pension formula shall apply to bargaining unit members covered by this Section 21.4.