MEMORANDUM OF UNDERSTANDING WITH THE CULVER CITY POLICE OFFICERS ASSOCIATION JULY 1, 2025, THROUGH JUNE 30, 2028. - Flipbook - Page 30
ARTICLE FOUR
ARTICLE FOUR
SUPPLEMENTAL BENEFITS
I.
PERS RETIREMENT 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
7522.25 (d)
“New” Members, as defined by the Public
Employees’ Pension Reform Act (PEPRA)
A base retirement plan of 2.7% at age 57 for all unit
employees defined as “new” members by AB 340.
20037
For unit employees
hired on or after July 1, 2011:
Final
Three-year
Final
Compensation:
compensation is the average full-time monthly pay
rate for the highest thirty-six (36) consecutive
months.
For unit employees
hired prior to July 1, 2011:
20042
One-Year Final Compensation: Final compensation
is the average full-time monthly pay rate for the
highest twelve (12) consecutive months.
POA MOU 2025-2028
57132141.1/005528.00065
20055
Prior Service Credit: Unit employees may be
eligible to purchase prior service credit.
20996
Military Service Credit: Unit employees may elect to
purchase up to four (4) years of service credit.
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