Common use of CalPERS Clause in Contracts

CalPERS. Employer contracts with the California Public Employees’ Retirement System (“CalPERS”) for retirement benefits. Employee shall be eligible for participation in CalPERS effective August 28, 2023. To the extent that contributions to CalPERS for the period between , 2024 and the execution date of this contract were not made as regular contributions, Employer shall make a one-time lump-sum contribution in an amount equal to the employer contribution rate that would have been payable for the hours worked by Employee between

CalPERS. Employer contracts with the California Public Employees’ Retirement System (“CalPERS”) for retirement benefits. Employee shall be eligible for participation in CalPERS effective August 28October 1, 20232024. To the extent that contributions to CalPERS for the period between October 1, 2024 and the execution date of this contract were not made as regular contributions, Employer shall make a one-time lump-sum contribution in ▇▇▇▇▇▇▇▇▇▇▇▇.▇▇ an amount equal to the employer contribution rate that would have been payable for the hours worked by Employee betweenbetween October 1, 2024 and the execution date of this contract.

CalPERS. Employer contracts with the California Public Employees’ Retirement System (“CalPERS”) for retirement benefits. Employee shall be eligible for participation in CalPERS effective August 28, 20232024. To the extent that contributions to CalPERS for the period between , 2024 and the execution date of this contract were not made as regular contributions, Employer shall make a one-time lump-sum contribution in ▇▇▇▇▇▇▇▇▇▇▇▇.▇▇ an amount equal to the employer contribution rate that would have been payable for the hours worked by Employee betweenbetween , 2024 and the execution date of this contract.