Common use of Member's Contribution to Pension Fund Clause in Contracts

Member's Contribution to Pension Fund. (A) That portion of the member contribution to the Fund of three and one-half percent (3.5%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution. Effective as soon as practicable following the acceptance of this collective bargaining agreement by City Council, but no earlier than December 9, 2014, that portion of the member contribution to the Fund of three percent (3%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution. Effective the pay period including December 9, 2015, that portion of the member contribution to the Fund of two and one-quarter percent (2.25%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution. Effective the pay period including December 9, 2016, that portion of the member contribution to the Fund of one and one-half percent (1.5%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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Member's Contribution to Pension Fund. (A) That portion of the member contribution to the Fund of five and one-half percent (5.5%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution. Effective the pay period including December 9, 2012, that portion of the member contribution to the Fund of four and one-half percent (4.5%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution. Effective the pay period including December 9, 2013, that portion of the member contribution to the Fund of three and one-half percent (3.5%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution. Effective as soon as practicable following the acceptance of this collective bargaining agreement by City Council, but no earlier than December 9, 2014, that portion of the member contribution to the Fund of three percent (3%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution. Effective the pay period including December 9, 2015, that portion of the member contribution to the Fund of two and one-quarter percent (2.25%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution. Effective the pay period including December 9, 2016, that portion of the member contribution to the Fund of one and one-half percent (1.5%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution.

Appears in 2 contracts

Samples: Agreement, serb.ohio.gov

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Member's Contribution to Pension Fund. (A) That portion of the member contribution to the Fund of one three and one-one- half percent (3.51.5%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution. Effective as soon as practicable following the acceptance of this collective bargaining agreement by City Council, but no earlier than December 9, 2014201418, that portion of the member contribution to the Fund of one and one-quarter three percent (331.25%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution. Effective the pay period including December 9, 2015201519, that portion of the member contribution to the Fund of three quarters of one two and one-one- quarter percent (2.252.250.75%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution. Effective the pay period including December 9, 2016, that portion of the member contribution to the Fund of one and one-half percent (1.5%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution.

Appears in 1 contract

Samples: Agreement

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