Who will pay the CalPERS contributions if I am found to be entitled to CalPERS credit?
Under the CalPERS Settlement, MWD may be required to pay a portion of the claimant’s employee contributions as well as the usual employer contributions. For most claimants, the claimant will be responsible for paying 25% of the employee contributions for CalPERS service credit attributable to employment prior to January 1, 2001, and none of the employee contributions for service credit attributable to employment after that date. However, claimants who received a form of retirement benefits from an employment agency or consulting firm during some or all of their MWD employment will be required to assume responsibility for paying more of the CalPERS employee contributions. Those claimants who already received employer contributions to a 401(k) plan while working at MWD will be required to deposit with CalPERS the amount of those employer contributions in addition to the 25% of the pre-January 1, 2001 employee contributions, but they will not be required to deposit any increase in value o
