Common use of CalPERS EMPLOYEE CONTRIBUTION Clause in Contracts

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

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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

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