Public Employees 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.
Public Employees Retirement System (“PERS”) Members. For purposes of this Article, a PERS participating member is an employee who has established membership in PERS (Tier 1, Tier 2, or OPSRP) and who is presently employed in a qualifying position.
Public Employees 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. Parole and Probation Officers requiring DPSST certification are by statute classified as “Police & Fire”. Retirement Contributions. On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution to the Public Employees Retirement Fund through December 31, 2003. Thereafter, the State will continue to “pick up” a six percent (6%) employee contribution, payable as the law requires. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses in respect to the PERS Litigation.
Public Employees Retirement System (“PERS”) Members. For purposes of this Section 1, “
Public Employees 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 238 for service with the State pursuant to section 2 of chapter 733, Oregon Laws 2003. Retirement Contributions. On behalf of employees, the State will continue to ‘pick up’ the six percent (6%) employee contribution payable pursuant to law. Effective February 1, 2019, compensation plan salary rates for PERS participating members shall be increased by six and nine five one hundredths percent (6.95%) to be paid in addition to the cost of living adjustment described in Article 10. At that time, bargaining unit employees will begin to make their own six percent (6%) contributions to their PERS account or the Individual Account Program as applicable. Employees’ contributions shall be treated as ‘pre tax’ contributions pursuant to Internal Revenue Code Section 414(h)(2).
Public Employees Retirement System (“PERS”) Members. Effective June 1, 2019, or upon the first (1st) of the month following ratification of the Agreement or upon the date of receipt of an interest arbitration award, whichever is later, compensation plan salary rates for PERS participating members shall be increased by six and fifty hundredths percent (6.50%). At that time, bargaining unit employees will begin to make their own six percent (6%) contributions to their PERS account or the Individual Account Program as applicable. Employees’ contributions shall be treated as ‘pre tax’ contributions pursuant to internal Revenue Code Section 414(h)(2).
