PERS/OPSRP Clause Samples

PERS/OPSRP. The City agrees to maintain its membership in the State of Oregon Public Employees Retirement System (PERS)/Oregon Public Service Retirement Plan (OPSRP). The City shall “pick-up”, assume and pay a six percent (6%) average employee contribution to the Public Employees Retirement Fund and the Oregon Public Service Retirement Plan for the employee members then participating in the Public Employees Retirement System. Such “pick-up” or payment of employee member contributions to the system shall continue for the life of this agreement and shall also be applicable to employees who first begin to participate in the system on and after July 1, 1980, to the termination of this agreement.

PERS/OPSRP. The City agrees to maintain its membership in the State of Oregon Public Employees Retirement System (PERS)/Oregon Public Service Retirement Plan (OPSRP). The City shall “pick-up”, assume and pay a six percent (6%) average employee contribution to the Public Employees Retirement Fund and the Oregon Public Service Retirement Plan for the employee members then participating in the Public Employees Retirement System. Such “pick-up” or payment of employee member contributions to the system shall continue for the life of this agreement and shall also be applicable to employees who first begin to participate in the system on and after July 1, 1980, to the termination of this agreement. The full amount of required employee contributions “picked-up” or paid by the City on behalf of employees pursuant to this agreement shall be considered as “salary” within the meaning of ORS 238.005 (21) or ORS 238A.005 (16), as appropriate, for the purposes of computing an employee member's “final average salary” within the meaning of ORS 238.005 (8) or ORS 238A.130, as appropriate, but shall not be considered as “salary” for the purposes of determining the amount of employee contributions required to be contributed pursuant to ORS 238.200 or ORS 238A.330, as appropriate. Such “picked-up” or paid employee contributions shall be credited to employee accounts pursuant to ORS 238.200 (2) or ORS 238A335, as appropriate, and shall be considered to be employee contributions for the purposes of ORS 238.200 or ORS 238A330, as appropriate. 27.6.1 City employees under Multnomah County Retirement System will receive in lieu of the PERS “pick-up” a six percent (6%) contribution by the City of Portland into its Deferred Compensation Program.

PERS/OPSRP. Unused accumulated sick leave will be credited upon retirement for the purposes of the Oregon Public Employees Retirement System or Oregon Public Service Retirement Plan (OPSRP) pursuant to the regulations governing PERS/OPSRP.

PERS/OPSRP. Participation in the Public Employees Retirement System or Oregon Public Service Retirement Plan (OPSRP) will be provided pursuant to Oregon PERS/OPSRP regulations.

PERS/OPSRP. (a) The City of Salem participates in the Oregon Public Employee Retirement System (PERS) and Oregon Public Service Retirement Plan (OPSRP). The City shall contribute the employee’s six percent (6%) of salary to the employee’s Individual Account Program (IAP). The employee’s contribution to PERS six percent (6%) will be picked up by the City as a pre-tax contribution. Should future unforeseen reasons cause ORS 238.205 “pick-up” to no longer be permitted, the parties agree that they will enter bargaining regarding this change with the specific goal of not negatively impacting employee’s net take home pay. (b) The City participates in the conversion of unused sick leave hours to increase final average salary at retirement for eligible employees. This shall be done in accordance with PERS rules and procedures (Tier I and II only). (c) It is understood that plan eligibility (Tier I/II, and OPSRP) and related benefits under the plan are determined by PERS. (d) As of the date that an employee becomes a member of the OPSRP Individual Account Program established by Section 29 of Chapter 733, Oregon Laws 2003, the City will pay an amount equal to six percent (6%) of the employee’s monthly salary, not to be deducted from the salary, as the employee’s contribution to the employee’s account in that program. The employee’s contributions paid by the City shall not be considered to be “salary” under Section 1 (16) of Chapter 733, Oregon Laws 2003, for the purposes of computing an Oregon Public Service Retirement Plan Pension Program member’s “final average salary” under Section 10 Chapter 733, or “salary” for the purposes of determining the amount of employee contributions required to be contributed pursuant to Section 32 of Chapter 733, Oregon Laws 2003.

PERS/OPSRP. ‌ 1. The College shall withhold from members’ monthly salaries the employee contributions/payments required by the Public Employee Retirement System (PERS) and/or Oregon Public Service Retirement Plan (OPSRP). 2. For all employees continuously employed prior to November 1, 1994, the College shall “pick-up” the six percent (6%) employee contribution for members participating in PERS. Such “picked-up” or paid employee contributions shall be credited to employee accounts and shall be considered to be employee contributions for purpose of applicable law.

PERS/OPSRP. Employees shall assume and pay the six percent (6%) employee contribution/ payment required by ORS 238A.330 to PERS/OPSRP. The District shall follow IRS codes to allow a pre-tax deduction of the six percent (6%) employee contribution/ payment required by ORS 238.200. Such deduction shall be made from each employee’s pre-tax gross wages.

PERS/OPSRP. The Oregon Public Employees Retirement System (PERS) and/or the Oregon Public Service Retirement Plan (OPSRP) shall be the retirement system for the employees.

PERS/OPSRP. The Employer agrees to maintain its membership in the state of Oregon Public Employees Retirement System (PERS) and/or the Oregon Public Service Retirement Plan (OPSRP). The Employer shall pay a six percent (6%) average employee contribution to the employee’s Individual Account Program (IAP) for the employee members then participating in the IAP. Such payment of employee member contributions to the IAP shall continue for the life of this Agreement.