PERS Pick-up. 10 The County shall "pick-up" employee contribution to PERS as provided 11 by ORS 238.205. Should any reason the ORS 238.205 “employer pick-up” no longer 12 be legally available the County shall on the last payroll period of this Agreement 13 increase employee wages by six percent (6%) and return to the limited “pick up” 14 provided for prior to the resumption of PERS pick-up in 1999, including but not limited 15 to the terms of compensation for non-PERS members. Pursuant to ORS 238.205 (5) 16 and (6), the parties agree and acknowledge that employee compensation was 17 reduced in order to generate the funds needed to make these employee contributions 18 to the employee accounts; the employer will file any required notices with the Public
PERS Pick-up. The District will continue to pick-up the 6% employee portion of the Public Employees' Retirement System contributions during the duration of this agreement.
PERS Pick-up. The County shall "pickup" employee contribution to PERS as provided by ORS 238.205. Should any reason the ORS 238.205 “employer pick-up” no longer be legally available the County shall on the last payroll period of this Agreement increase employee wages by six percent (6%) and return to the limited “pick up” provided for prior to the resumption of PERS pick-up in 1999, including but not limited to the terms of compensation for non-PERS members. Pursuant to ORS 238.205 (5) and (6), the parties agree and acknowledge that employee compensation was reduced in order to generate the funds needed to make these employee contributions to the employee accounts; the employer will file any required notices with the Public Employees Retirement Board.
PERS Pick-up. Employee contributions to the Public Employees' Retirement system (PERS) shall be "picked up" by the City. Employee shall not have the option of receiving money designated for retirement contributions and directly making the contribution to PERS. Employee's reported salary for tax purposes shall be reduced by the amount of the employee's contribution to PERS.
PERS Pick-up. The College shall participate in the State of Oregon Public Employees Retirement System and shall pay the employee's contribution for PERS eligible employees according to applicable State Law.
PERS Pick-up. Section 1. Public Employee Retirement System (“PERS”) Members. For purposes of this Section 1, “employee” means an employee who is employed by the State on August 28, 2003 and who is eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.
PERS Pick-up. The Employer shall make a “designated PERS pick-up” of each employee’s statutory-required contribution to the Public Employees Retirement System of Ohio (PERS) so as to permit the treating of an employee’s contribution to PERS as a deferred annuity for personal income tax purposes. The implementation of the “designated pick-up” shall not result in either an increase or decrease to an employee’s gross income.
PERS Pick-up. The District shall continue to pick up the employee’s contribution to the Public Employees’ Retirement System (PERS). During the life of this Agreement, earnings may accrue to the District by reason of a reduction of the District’s or employees’ contribution to PERS. The District agrees that should the current rate of employee contribution to PERS increase during the term of this Collective Bargaining Agreement, the District shall include such rate increase in the affected pick up due subsequent to the rate increase. The parties agree that any additional cost to the District resulting from any increase in the percentage level of employee contributions occurring after November 1979 shall be borne by the District until the expiration of this agreement. Each employee is solely and personally responsible for any federal, state or local tax liability of the employee that may arise out of receipt of said pick up by the District or any penalty that may be imposed therefore. The parties recognize that it may be contended that some of these payments were unlawful and that they could not have been made in the absence of an amendment to the District’s contract with PERS and recognize further that XXXX has not sought such an amendment. Should the District be required to reimburse PERS for back contributions related to these payments, XXXX’s pick up of employee PERS contributions will cease until an amount equivalent to the amount required to be reimbursed to PERS has been placed by XXXX in an escrow account pending mutual agreement by the parties as to alternative benefit(s). Such benefit(s) shall not increase XXXX’s aggregate direct or indirect payroll cost above the amount it would otherwise have incurred by continuation of the PERS pick up program.
PERS Pick-up. The employee’s required portion of the PERS contribution of six percent (6%) of salary is deemed to be “picked up” for the purpose of Internal Revenue Code 414(h) (2).
PERS Pick-up. With respect to all professional compensation the District shall “pick-up”, assume and pay a six percent (6%) employee contribution to the Public Employees Retirement Fund for the teacher members then participating in the Public Employees Retirement System (PERS). The full amount of required employee contributions “pick-up” and paid pursuant to this section shall be considered as “salary.” Such “picked-up” or paid employee contributions shall be credited to the employee PERS accounts and shall be considered to be employee contributions for the purpose of ORS 238.005 to 238.750.
