Common use of PERS/OPSRP Clause in Contracts

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. ‌ 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. ‌ 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.in