Common use of Employer and Employee Payments of Employee CalPERS Share Clause in Contracts

Employer and Employee Payments of Employee CalPERS Share. A. Employer Payment of Classic Employee Contribution (EPMC) The CalPERS Employee contribution portion for Classic employees is seven percent (7%). Effective January 1, 2020 and concurrently with the payment of the two percent (2%) Bargaining Unit COLA provided for in the Salary Section of this MOU, CalPERS “Classic” members shall pay an additional two percent (2%) of their employee contribution for a total of seven percent (7%), or 100% of the employee contribution.

Employer and Employee Payments of Employee CalPERS Share. A. Employer Payment of Classic Employee Contribution (EPMC) The CalPERS Employee contribution portion for Classic employees is seven percent (7%). Effective January 1, 2020 These employees currently pay five per cent (5%) of their CalPERS contribution and concurrently with the payment of City pays the remaining two percent (2%) Bargaining Unit COLA provided for in the Salary Section of this MOU, into CalPERS “Classic” members shall pay an additional two percent as a supplemental Employer Paid Member Contribution (2%EPMC) of their employee contribution for a total of seven percent (7%), or 100% of the employee contributionbenefit.