Common use of Additional Employee PERS Contributions Clause in Contracts

Additional Employee PERS Contributions. In addition to the PERS member contribution as required under section 2. a, b and c above, all employees in pension groups a, b and c shall contribute the additional following contributions: a. In addition to the Member Contribution required per CalPERS 20516 contract amendment all employees regardless of pension formula in this unit shall pay 3% towards the Employer share of Pension. b. Effective the first full pay period following July 1, 2020, all employees regardless of pension formula in this unit shall, in addition to the Member Contribution required, pay an additional 1% towards the employer share of Pension for a total of 4%.

Appears in 3 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement

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Additional Employee PERS Contributions. In addition to the PERS member contribution as required under section 2. a2d 1, b 2 and c 3 above, all employees in pension groups a, b and c shall contribute the additional following contributions: a. In addition to the Member Contribution required per CalPERS 20516 contract amendment all 1. All employees regardless of pension formula in this unit shall, in addition to the Member Contribution required, shall pay an additional 3% towards the Employer share of PensionPension regardless of pension formula through a CalPERS 20516 contract amendment. b. 2. Effective the first full pay period following July 1, 2020, all employees regardless of pension formula in this unit shall, in addition to the Member Contribution required, pay an additional 1% towards the employer Employer share of Pension for a total of 4%.

Appears in 2 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement

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