Agmt17 CalPers - California Public Employees' Retirement System

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M. Section 21024 (Military Service Credit as Public Service). n. Section 20434 ("Local Fire Fighter" shall include any officer or employee of a fire department employed to perform firefighting, fire prevention, fire training, hazardous materials, emergency medical services, or fire or arson investigation services as described in Government Code Section 20434). o. Section 21548 (Pre -Retirement Option 2W Death Benefit) for local safety members only. P. Section 21574 (Fourth Level of 1959 Survivor Benefits) for local safety members only. q. Section 20475 (Different Level of Benefits): Section 21353 (2% @ 60 Full formula) and Section 20037 (Three -Year Final Compensation) are applicable to classic local miscellaneous members entering membership for the first time with this agency in the miscellaneous classification after October 13, 2011. Section 21363.1 (3% @ 55 Full formula) and Section 20037 (Three - Year Final Compensation) are applicable to classic local safety members entering membership for the first time with this agency in the safety classification after October 13, 2011. Section 20516 (Employees Sharing Additional Cost): From and after the May 2, 2016, and until the effective date of this amendment to contract, 2% for classic local fire members in the International Association of Fire Fighters Local 2400. From and after the effective date of this amendment to contract, 3% for classic local fire members in the International Association of Fire Fighters Local 2400. From and after the effective date of this amendment to contract, 3% for classic local police members in the Redwood City Police Officers Association. The portion of the employer's contribution that the member agrees to contribute from his or her compensation, over and above the member's normal contribution ("Cost Sharing Percentage"), shall not exceed the Employer Normal Cost Rate, as that rate is defined in the CalPERS Actuarial Valuation for the relevant fiscal year. If the Cost Sharing Percentage will exceed the relevant Employer Normal Cost Rate, the Cost Sharing Percentage shall automatically be reduced to an amount equal to, and not to exceed, the Employer Normal Cost Rate for the relevant fiscal year.