Common use of Historical Reference Clause in Contracts

Historical Reference. The County shall pay on behalf of all employees covered under PERS Miscellaneous 7% member (employee) contribution to the Public Employee’s Retirement System as well as an additional 0.49% which is attributable to reporting EMPC as special compensation. Taking into consideration the agreement between the parties as a result of the prior implementation of 2% at 55 Plan, the County is entitled to add 10.49% to the base wage for effective wage. In consideration for the PERS amendment for the 2.5% at 55 Plan for Miscellaneous employees, the Union agrees for each employee covered under this benefit to contribute to PERS through payroll deduction effective pay period 09/07, March 9, 2009, through pay period 10/11, May 17, 2012, (32 pay periods) an amount equal to 6.862% of PERS reportable gross pay. Effective pay period 10/12, May 31, 2010, the percentage will be reduced to 3.931%. Both the 6.862% and the 3.931% include the 1% employee contribution. Effective September 28, 2015, Classic tier employees shall pay an additional 7% on the member PERS contribution. PEPRA tier employees shall pay an additional 7% on the employers PERS contribution. In return for this ongoing payment towards the member PERS contribution, the County will provide a 6.17% self- funded wage increase.