PERS Contributions. 4 The City agrees to pay the employee's portion of the retirement 5 contribution under the Employer-Pay Contribution Plan in the manner 6 provided for by NRS 286. Any increase in the percentage rate of the 7 retirement contributions to the Public Employees Retirement Fund shall be 8 borne equally by the City and the employee in the manner provided for by 10 this section. 1 Article 39. CALL-BACK PAY
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. 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 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. The City will pay the City Attorney’s share of all required contributions to the Nevada Public Employees Retirement System as permitted under Nevada law attributable to the City Attorney’s employment with the City.
PERS Contributions. The City will pay the City Attorney’s share of all required contributions to the Nevada Public Employees Retirement System (“PERS”) as permitted under Nevada law attributable to the City Attorney’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. 1. For 2008-2009 the District shall continue payroll deductions for required employee contributions to PERS or OPSRP. Beginning with the 2009-2010 contract year the District shall “pick-up the six percent (6%) employee contribution to the Public Employers Retirement Fund and/or Oregon Public Service Retirement Plan for employee members participating in the Public Employees Retirement System (PERS) and/or Oregon Public Service Retirement Plan (OPSRP) as required by law. The full amount of required employee contributions “picked-up” by the District on behalf of employees pursuant to the Agreement shall be considered as “salary” within the meaning of the law for the purpose of computing an employee member’s “final average salary” within the meaning of the law, but shall not be considered as “salary” for the purposes of determining the amount of employee contributions required to be contributed pursuant to law. Such “picked-up” employee contributions shall be credited to employee accounts pursuant to the law and shall be considered to be contributions for the purpose of the applicable law.
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 XXXXX 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. 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. Upon approval from the Funds, the City will subtract the employees’ contribution from their gross pay before taxes are deducted.
