CalPERS EMPLOYEE CONTRIBUTION. Section 2. Classic Members shall pay the 8% required employee contribution to CalPERS. All New Members, as that term is used in PEPRA, shall pay their required employee contribution of one-half of the total normal cost, currently calculated by CalPERS to be 6.25%.
Appears in 4 contracts
Samples: Santa Margarita, Santa Margarita, Santa Margarita
CalPERS EMPLOYEE CONTRIBUTION. Section 2. Classic Members shall pay the 8% required employee contribution conh·ibution to CalPERS. All New Members, as that term is used in PEPRA, shall pay their required employee contribution of one-half of the total normal no1mal cost, currently cunently calculated by CalPERS to be 6.25%.
Appears in 1 contract
Samples: Santa Margarita