PERS Pickup. 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 ‘pretax’ contributions pursuant to Internal Revenue Code Section 414(h)(2).
PERS Pickup a. During the term of the Agreement, the District will participate in the public employee retirement plans established in ORS Chapter 238 and ORS 238A that are; (1) in effect as of the execution date of this Agreement; and (2) as applicable to employees covered by this Agreement. Any changes in the public employee retirement plans which are enacted during the life of this Agreement by statute or administrative rule will apply to employees covered by those plans.
PERS Pickup. The District shall continue, so long as it is lawful and of no cost to the District, the "PERS Pickup" to enable unit members to defer income taxes on the District's PERS contributions.
PERS Pickup. Section 28.1. The Employer agrees to implement a Salary Reduction Plan for P.E.R.S. contributions effective January 1, 2002, paid on behalf of the employees and at no cost to the Employer.
PERS Pickup. Section A. Public Employees Retirement System (“PERS”) Members. For purposes of this Section A, “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.
PERS Pickup. The parties agree that the employee's contribution to the Public Employees Retirement System will, for tax purposes, be paid by the Employer. The Employer's share of the PERS contribution shall not increase due to the provisions, nor shall an employee's salary change due to the provision.
PERS Pickup. The unit member’s contribution required by PERS/OPSRP shall be made by the unit member through a payroll deduction.
PERS Pickup. The College shall not withhold from the members' monthly salaries the employee contributions required by ORS 238.205, and shall "pick-up," assume, and pay the required employee contribution to the Public Employees Retirement System (PERS). The full amount of required employee contributions "picked-up" and paid pursuant to this Section shall be considered as "salary" within the meaning of ORS 238.205(2) with respect to PERS for the purposes of computing an employee member's "final average salary" within the meaning of ORS 238.205(3), but shall not be considered as "salary" for the purpose of determining the amount of employee contribution required to be contributed pursuant to ORS 238.205(3) in PERS and shall be considered to be employee contributions for purposes of ORS 238.005 to 238.320.
PERS Pickup. The City agrees to pay the employee's portion of the retirement contributions to the Public Employees Retirement System, not to exceed the rates required by law for such employee contribution as of July 1, 1980.
PERS Pickup. For the duration hereof, the District agrees to pay the employee portion (six percent) of the Public Employees Retirement System contribution, including by contribution of the employee’s payment into the PERS-administered transition account.
