Contributions to Individual Account Programs. As of the date that an employee becomes a member of the Individual Account Program established by Section 29 of Chapter 733, Oregon Laws 2003 and pursuant to Section 3 of that same chapter, the State will pay an amount equal to six percent (6%) of the employee’s monthly salary, not to be deducted from the salary, as the employee’s contribution to the employee’s account in that program. The employee’s contributions paid by the State under this Section 2 shall not be considered to be “salary” for the purposes of determining the amount of employee contributions required to be contributed pursuant to Section 32 of Chapter 733, Oregon Laws 2003.
Contributions to Individual Account Programs. As of the date that an employee becomes a member of the Individual Account Program established by Section 29 of Chapter 733, Oregon Laws 2003, the State will pay an amount equal to six percent (6%) of the employee’s monthly salary, not to be deducted from the salary, as the employee’s contribution to the employee’s account in that program. The employee’s contributions paid by the State under this Section 2 shall not be considered to be “salary” under Section 1(16)(c) of Chapter 733, Oregon Laws 2003, for the purposes of computing an Oregon Public Service Retirement Plan Pension Program member’s “final average salary” under Section 10 of Chapter 733, Oregon Laws 2003, or “salary” for the purposes of determining the amount of employee contributions required to be contributed pursuant to Section 32 of Chapter 733, Oregon Laws 2003.
Contributions to Individual Account Programs. As of the date that an employee becomes a member of the Individual Account Program ORS 238A.300 and ORS 238A.305, the Employer will pay an amount equal to six percent (6%) of the employee’s monthly salary, not to be deducted from the salary, as the employee’s contribution to the employee’s account in that program. The employee’s contributions paid by the Employer under this Section 2(B) shall not be considered to be “salary” for the purposes of determining the amount of employee contributions required to be contributed pursuant to ORS 238A.330 and ORS 238A.335.
Contributions to Individual Account Programs. Effective February 1, 2019, compensation plan salary rates for PERS participating members shall be increased by six and ninety five one hundredths percent (6.95%). 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).
Contributions to Individual Account Programs. As of the date that an employee becomes a member of the Individual Account Program established by Section 29 of Chapter 733, Oregon Laws 2003, and pursuant to Section 3 of that same Chapter, the State will pay an amount equal to six percent (6%) of the employee’s monthly salary, not to be deducted from the salary, as the employee’s contribution to the employee’s account in that program.
Contributions to Individual Account Programs. As of the date that an employee 28 becomes a member of the Individual Account program established by Section 29 of 29 Chapter 733, Oregon Laws 2003 and pursuant to section 3 of that same chapter, the State 30 will pay an amount equal to six percent (6%) of the employees monthly salary, not to be 31 deducted from the salary, as the employees’ contribution to the employee’s account in that 32 program. The employee’s contributions paid by the State under this Section 2 shall not be 33 considered to be “salary” for the purposes of determining the amount of employee 1 contributions required to be contributed pursuant to Section 32 of Chapter 733, Oregon 2 Laws 2003. 4 Section 3. Effect of Changes in Law (Other than PERS Litigation). In the event 5 that the State’s payment of a six percent (6%) employee contribution under Section 1 or 6 under section 2, as applicable, must be discontinued due to a change in law, valid ballot 7 measure, constitutional amendment, or a final, non-appealable judgment from a court of 8 competent jurisdiction (other than in the PERS Litigation), the State shall increase by six 9 percent (6%) the base salary rates for each classification in the salary schedules in lieu of 10 the six percent (6%) pick-up. This transition shall be done in a manner to assure 11 continuous payment of either the six percent (6%) contribution or a six percent (6%) salary 12 increase.
Contributions to Individual Account Programs. As of the date that an employee 21 becomes a member of the Individual Account Program established by Section 29 of 22 Chapter 733, Oregon Laws 2003 and pursuant to Section 3 of that same chapter, the State 24 deducted from the salary, as the employee’s contribution to the employee’s account in that 25 program. The employee’s contributions paid by the State under this Section 2 shall not be 26 considered to be “salary” for the purposes of determining the amount of employee 27 contributions required to be contributed pursuant to Section 32 of Chapter 733, Oregon 28 Laws 2003. 30 Section 3. Effect of Changes in Law (Other than PERS Litigation). 31 In the event that the State’s payment of a six percent (6%) employee contribution 32 under Section 1 or under Section 2, as applicable, must be discontinued due to a change in 33 law, valid ballot measure, constitutional amendment, or a final, non-appealable judgment 34 from a court of competent jurisdiction (other than in the PERS Litigation), the State shall 35 increase by six percent (6%) the base salary rates for each classification in the salary 36 schedules in lieu of the six percent (6%) pick-up. This transition shall be done in a manner 37 to assure continuous payment of either the six percent (6%) contribution or a six percent 38 (6%) salary increase.
Contributions to Individual Account Programs. As of the date that an employee becomes a member of the Individual Account Program established by Section 29 of Chapter 733, Oregon Laws 2003, the City will pay an amount equal to six percent (6%) of the employee’s monthly salary, not to be deducted from the salary, as the employee’s contribution to the employee’s account in the program. The employee’s contributions paid by the City under this Article 10.1(B) shall not be considered to be “salary” under Section 1(16)(c) of Chapter 733, Oregon Laws 2003, for the purposes of computing a OPSRPPP member’s “final average salary” under Section 10 of Chapter 733, Oregon Laws 2003, or “salary” for the purposes of determining the amount of employee contributions required to be contributed pursuant to Section 32 of Chapter 733, Oregon Laws 2003.
Contributions to Individual Account Programs. As of the date that an employee becomes a member of the Individual Account Program established by Section 29 of Chapter 733, Oregon Laws 2003, and pursuant to Section 3 of that same Chapter, the State will pay an amount equal to six percent (6%) of the employee’s monthly salary, not to be deducted from the salary, as the employee’s contribution to the employee’s account in that program. The full amount of the contributions paid by the Employer on behalf of employees, pursuant to the Agreement shall be considered as “salary” within the meaning of ORS 238.005(20) for purposes of computing an employee member’s “final average salary” within the meaning or ORS 238.005(8), but shall not be considered to be “salary” for the purposes of determining the amount of employee contributions required to be contributed pursuant to Section 32 of Chapter 733, Oregon Laws 2003.
