1. a woman who cohabits with a man to whom she is not married, esp. one regarded as socially or sexually subservient; mistress. 2. (among polygamous peoples) a secondary wife, usu. of inferior rank. [1250â1300; (< Anglo-French) < Latin concubÄ«na <concumbere to lie together (see con-, incumbent)]
CalPERS Retirement Benefits: 1  The plan is a defined benefit plan with retirement benefits calculated based on age at retirement, years of service and compensation. 2  Plan vesting is at five years of PERS credited service. 3  Members in the 2% at 55 and 2% at 57 benefit formulas have a minimum retirement age of 50.
The unthinkable just happened in Loyalton, California, a small remote city nestled high in the Sierra Nevada Mountains. For the first time in its 85-year history, the California Public Employees Retirement System, CalPERS, is drastically cutting benefits for public retirees. Starting January 1st, four retired City of Loyalton public employees will have their pensions cut 60 percent.