EPMC definition
Examples of EPMC in a sentence
In addition, the Agency will contract with CalPERS through a Resolution to recognize the Agency-paid portion of the employees' share (EPMC - Employer Paid Member Contribution) as compensation pursuant to Section 20636(c)(4) of the Government Code.
The 7% EPMC will be discontinued during the period(s) of superfunding.
For such employees, there shall be no EPMC reported to PERS as special compensation.
For each nonsafety management employee, the City shall report the value of the EPMC as additional compensation, each pay period—the EPMC is currently up to 8 percent.
Effective September 12, 2011, the City will contribute up to 3 percent of the member’s required contribution (EPMC), and the employee will pay 6 percent of the member’s required contribution.
Effective September 12, 2011, the City will contribute up to 2 percent of the member's required contribution (EPMC), and the employee will pay 6 percent of the member’s required contribution.
Effective September 12, 2011, the City will contribute up to 1 percent of the member’s required contribution (EPMC), and the employee will pay 6 percent of the member’s required contribution.
Reporting the value of Employer Paid Member Contribution (EPMC): The Employer Paid Member Contribution (EPMC) will not be reported to CalPERS and will not be included in Employee's final compensation.
The District also provides them with the PERS Employer Paid Member Contribution (EPMC) under Government Code section 20636, section (C)(4), pursuant to Government Code section 20691, by including the value of the EPMC in salary reported to PERS as compensation.
By doing so, the District will stop paying those contributions during the final compensation period (one year) and increase the pay rate of the members by the amount of employer-paid member contributions (EPMC).