PERS Contributions Clause Samples

PERS Contributions. The parties agree to the implementation of provisions contained in 414(h)(2) of the Internal Revenue Code concerning the tax treatment of worker retirement contributions paid by the Orchard School District on behalf of workers in the bargaining unit, pursuant to separate signed agreement between the parties. (See Appendix C.)

PERS Contributions. The Association and the County agree to a pension cost-sharing arrangement pursuant to PERL 20516(f) under which, in addition to the 9% currently paid by classic members of Units A, and B as the employees’ contribution, bargaining unit employees shall pay an amount equal to 3% towards the employer’s PERS contribution for a total of twelve percent contribution. The Association and the County agree that the 3% contributed by classic Association members will be implemented on a pre-tax basis pursuant to IRS Code 414(h)(2). However, it is understood that, should it be determined that the contribution cannot be made on a pre-tax basis, or IRS issues an adverse opinion in this or another jurisdiction addressing the issue, individual members shall be liable for any taxes due. In such case, the parties agree to meet and confer on the impact of such determination, and alternative means of achieving the savings contemplated by this agreement in a manner that minimizes the tax impact on covered employees to the extent possible. The Association and the County agree that, during the term of this agreement, the contribution outlined in this section shall continue as long as the employer rate as determined by CalPERS.

PERS Contributions. For those employees hired prior to July 1, 2016, the Employer shall continue to pay four percent (4%) of the employee's share of the PERS payment. All employees hired after July 1, 2016, shall be required to contribute the statutorily required employee pension contribution.

PERS Contributions. The City will pay the City Manager’s share of all required contributions to the Nevada Public Employees Retirement System (PERS) as permitted under Nevada law attributable to the City Manager’s employment with the City. In addition to those benefits, beginning on the Effective Date, upon completion of each six months of service, the City agrees to purchase an additional three months of PERS service credit on Employee’s behalf, not to exceed the five-year purchase limit set forth by PERS.

PERS Contributions. The City will pay the City Manager’s share of all required contributions to the Nevada Public Employees Retirement System as required under Nevada law attributable to the City Manager’s employment with the City.

PERS Contributions. Effective the first full pay period following ratification, Article Four, Section I(C) of the MOU is amended to provide that “classic” safety members shall begin paying an additional three percent (3%) towards their retirement contributions pursuant to California Government Code §20516(f), such that those employees’ total CalPERS retirement contributions shall be twelve percent (12%).

PERS Contributions. 1. The District pays 6% pick up contribution to PERS/OPSRP for all Association members as based on their annual salary. 2. If there is a change in the percentage of PERS/OPSRP resulting in a higher amount, the District and the Association will bargain over the new percentage amount. I. The Extended Responsibility Schedule is attached as Appendix C. Monthly reports on student fund accounts affiliated with these activities shall be provided to coaches and sponsors. Fund raised by that sport/activity shall remain with that sport/activity. J. The Extra-Duty Schedule is attached as Appendix D. K. The Early Retirement Insurance Provision is attached as Appendix E. L. The Salary Schedule for the School Nurse is the same as the teacher base hourly rate on the BA column. Effective in the 2011-12 year, the nurse shall be eligible for step advancement in the same fashion as other licensed employees. M. Extended Contracts which are approved will be funded at the daily rate of the N. Sponsored teachers and teachers on restricted licenses shall be placed on the regular compensation schedule at BA upon initial hire. Bargaining unit members shall receive year for year teaching experience credit for the completion of each year moving forward and will move horizontally upon successful completion of college level courses that contribute to an effective educator. O. Retention/Longevity Stipends 1. Bargaining unit members who returned for the 2022-2023 school year and remains employed though the end of the year will receive a $1,000 stipend to be paid out by the teacher’s last working day in June. 2. Bargaining unit members who return for the 2023-2024 school year and remain employed though the end of the year will receive a $1,000 stipend upon completion of the school year. The stipend will be paid out by the teacher’s last working day in June. P. Bargaining unit members will be given a $250 cell phone stipend each school year payable in January.

PERS Contributions. Employees hired on or before December 31, 2012 and “classic employees” as defined in the California Public Employees’ Pension Reform Act of 2013 (PEPRA) and CalPERS guidance, shall receive the 3% at 55 full formula as provided by Govt. Code Section 21363.1, for Local Safety Members. These employees pay the entire required CalPERS member contribution of 9% of the employee’s salary. New employees, as defined by ▇▇▇▇▇ and CalPERS guidance, are subject to the new Pension rules requiring a contribution paid by the employee of 50% of the normal cost and a new formula (2.7% @ 57).

PERS Contributions. ‌ Upon approval from the Funds, the City will subtract the employees’ contribution from their gross pay before taxes are deducted.