MEMORANDUM OF UNDERSTANDING WITH THE CULVER CITY POLICE MANAGEMENT GROUP JULY 1, 2025, THROUGH JUNE 30, 2028. - Flipbook - Page 24
ARTICLE FOUR
ARTICLE FOUR
SUPPLEMENTAL BENEFITS
I.
RETIREMENT
A.
PERS RETIRMENT BENEFITS
As of the effective date of this M.O.U. the City agrees to provide retirement
benefits under the California Public Employees' Retirement System as
follows:
GOVERNMENT
CODE SECTION
BENEFIT
For unit employees
hired on or after January 1, 2012:
20037
Three
Year
Final
Compensation:
Final
compensation is the average full-time monthly pay
rate for the highest thirty-six (36) consecutive
months.
For unit employees
hired prior to January 1, 2012:
20042
20055
PMG MOU 20225-20258
57222818.1/005528.00067
One-Year Final Compensation: Final compensation
is the average full-time monthly pay rate for the
highest twelve (12) consecutive months.
Prior Service Credit: Unit employees may be eligible
to purchase prior service credit.
21042
Military Service Credit: Unit employees may elect to
purchase up to four (4) years of service credit.
21329
Two percent (2%) Annual COLA – Limitations on
Adjustments, per CalPERS regulations
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