Contribution Pick Clause Samples

Contribution Pick. Up The Employer agrees to pick up contributions to 3 the Ohio Public Employees Retirement System (OPERS) on behalf of those employees 4 eligible for OPERS on the following terms and conditions: 5 A. Current Rate The amount to be picked up on behalf of each employee shall be 6 the most current OPERS approved member contribution rate. The employee’s annual 7 compensation shall be reduced by an amount equal to the amount picked up by the Board. 8 B. Uniform Application The pick-up percentage shall apply uniformly to all employees. 9 C. No Substitution No employee covered by this provision shall have the option to 10 elect a wage increase or other benefit in lieu of the employer pick-up.