Contributions Beginning 2014-2015 Clause Samples
The "Contributions Beginning 2014-2015" clause defines the rules and requirements for contributions made to a plan or agreement starting from the 2014-2015 period. It typically outlines eligibility, limits, or procedures for making contributions during and after this timeframe, and may specify how contributions are tracked or credited. This clause ensures that all parties understand the applicable terms for contributions from this period onward, providing clarity and consistency in the administration of the plan.
Contributions Beginning 2014-2015. Effective the first full pay period after the Council approves this MOU, bargaining unit members covered by this Section 36.3 shall pay through payroll deduction the previously required 9.0% bargaining unit member contribution. In addition to the 9.0% contribution, each bargaining unit member covered by this Section 36.3 shall pay, through payroll deduction, an additional 1.5% of PERSable compensation for a total contribution of 10.5% toward the cost of pension benefits as permitted by Government Code Section 20516.