Required Contribution. The City agrees to pay the employee’s portion of the retirement contribution under the Employer-Pay Contribution Plan in the manner provided for by NRS 286. Any increase in the percentages rate of the retirement contributions to the Public Employees Retirement Fund shall be borne equally by the City and the employee in the manner provided for by NRS 286.421. Payment of the employee’s share of the increased contribution amount will be accomplished through a reduction in the hourly rates and/or annual salaries defined in the attached wage schedules, and such changes are not subject to bargaining by the parties.
Appears in 3 contracts
Sources: Collective Bargaining Agreement, Supervisor Agreement, Administrative Agreement