Classic PERS Member definition

Classic PERS Member. (Classic Member) and “New PERS Member” (PEPRA Member) in PERS: As a result of the Public Employee Pension Reform Act (PEPRA), Classic PERS Member safety employee shall refer to an employee who is eligible for and is placed in the 3% at age 50 retirement tier. “New PERS Member” (PEPRA Member) safety employee shall refer to an employee who is eligible for and placed in the 2.7% at age 57 retirement plan. The County payment of the employee's contribution to PERS shall be shown as the "effective wage" and shall be used for such purposes as recruitment, salary comparisons, prevailing wagesetc.
Sample 1
Classic PERS Member a) Effective December 17, 2007 (pay period 08/01) the PERS contract covering Classic PERS Member miscellaneous employees was amended to reflect a new pension formula 2.5% of 55, the cost of which shall be paid for by the employees covered by this Agreement by a deduction of 3.931% from their pay checks of gross reportable earnings.
Sample 1
Classic PERS Member. (Classic Member) and “New PERS Member” (PEPRA Member) in PERS: As a result of the Public Employee Pension Reform Act (PEPRA), Classic PERS Member safety employee shall refer to an employee who is eligible for and is placed in the 3% at age 50 retirement tier. “New PERS Member” (PEPRA Member) safety employee shall refer to an employee who is eligible for and placed in the 2.7% at age 57 retirement plan.
Sample 1

Examples of Classic PERS Member in a sentence

  • For Classic PERS Member (Classic Member) Employees The classic member shall pay the entire 9% PERS member share contribution (7% is a new contribution plus the existing 2% contribution).

Related to Classic PERS Member

  • Panel Member ’ means a member of a panel;

  • Tribal Member means an enrolled member of the Tribe.

  • Council Member means a member of the Council;

  • Special Member means, upon such person’s admission to the Company as a member of the Company pursuant to Section 5(c), a person acting as Independent Director, in such person’s capacity as a member of the Company. A Special Member shall only have the rights and duties expressly set forth in this Agreement.

  • General Member means a member subject to the provisions of

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.3.

  • Managing Member is defined in the recitals to this Agreement.

  • Tax Matters Partner has the meaning set forth in Section 5.08.

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

  • Member means a member of the Board;

  • Financial Member means a person who has paid the required membership fee and is listed on the Register of Members.

  • the Members means the members of the Club admitted from time to time to membership of the Club in accordance with Rule 5;

  • civil partner in relation to a person, means a civil partner within the meaning of the Civil Partnership and Certain Rights and Obligations of Cohabitants Act 2010, but does not include a civil partner who is living separately and apart from the person;

  • Potential Member means an individual who meets the eligibility requirements to enroll in the Oregon Health Plan but has not yet enrolled with a specific PHP or CCO.

  • county executive committee member means the county executive committee member responsible for matters relating to land;

  • Service member means a member of the armed forces, a reserve branch of the armed forces, or the Michigan national guard.

  • Partner means the General Partner or a Limited Partner, and “Partners” means the General Partner and the Limited Partners.

  • Associate Member means a person appointed to perform specific statutory and non-statutory duties which have been delegated by the Trust Board for them to perform and these duties have been recorded in an appropriate Trust Board minute or other suitable record.