MEMORANDUM OF UNDERSTANDING WITH THE CULVER CITY POLICE MANAGEMENT GROUP JULY 1, 2025, THROUGH JUNE 30, 2028. - Flipbook - Page 25
ARTICLE FOUR
GOVERNMENT
CODE SECTION
21363.1
21362.2
7522.25(d)
21548
II.
3% at Age 55: Base retirement plan of three percent
(3%) at age 55 for all unit employees hired on or after
January 1, 2012.
3% at Age 50: Base retirement plan of three percent
(3%) at age 50 for all unit employees hired prior to
January 1, 2012.
2.7% at Age 57: Base retirement plan of 2.7% at age
57 for all unit employees hired on or after January 1,
2013 who are new members as defined in
Government Code Section 7522.04(f).
Pre-retirement Option 2: Upon the death of a
member who was eligible to retire, the spouse may
receive an allowance equal to the amount the
member would have received if the member had
retired for service retirement on the date of death
and elected Option 2W.
21574
Fourth Level of 1959 Survivor Benefits
21624 – 21626
Post-Retirement Survivor Allowance
CITY PAID NINE
CONTRIBUTION
A.
BENEFIT
PERCENT
(9%)
PERS
EMPLOYEE
RETIREMENT
PERS EMPLOYEE RETIREMENT CONTRIBUTIONS
Except as may be provided for herein, the City shall pay to the Public
Employees' Retirement System (PERS) for the account of each employee
covered by this MOU the amount of the employee's retirement contribution
PMG MOU 20222025-2025
Page 23
57222818.1/005528.00067
2028
