Contributions to CalPERS Sample Clauses

Contributions to CalPERS. The Authority does not pay any portion currently pays 0.72% of the employee's share of employee contributions to CalPERS for classic any members. In addition to paying for classic employees' share of their CalPERS employee contributions, t All employees pay the employee share of employee contributions to CalPERS. The Authority also pays employer contributions to CalPERS for all employees. The Authority and the Union acknowledge that employer and employee CalPERS contribution rates may be adjusted by CalPERS, which is beyond the Authority's or any employer's control. Each time the employer CalPERS contribution rate is increased by CalPERS, the Authority's share of its payment of the employees' CalPERS contributions, if any, will be decreased by the same percentage amount of such increase.
Sample 1
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Contributions to CalPERS. The Authority will paycurrently pays four percent (40.72%) of the employee’s share of employee contributions to CalPERS for classic members. In addition to paying for Employees’ classic employees’ share of their CalPERS employee contributions, the Authority also pays Employer employer contributions to CalPERS for all employees. The Authority and the Union acknowledge that Employer employer and employee CalPERS contribution rates may be adjusted by CalPERS, which is beyond the Authority’s or any employer’s control. After the effective date of this agreement, eEach time the Employer employer CalPERS contribution rate is increased by XxxXXXX, the Authority’s share of its payment of the employees’ CalPERS contributions, if any, will be decreased by the same percentage amount of such increase. Currently, according to XxxXXXX, employer member contributions for new members (employees who start employment on or after January 1, 2013) is 6.25% and it is 10.282% for existing members (employees who started employment before January 1, 2013). The CalPERS employee contribution for new members is 6.25% and it is 7% for existing members; as provided above, MHA currently pays four percent of the CalPERS employee contribution, and it is this percentage that is subject to decreases equal to CalPERS’ increases to the employer contribution.
Sample 1
Contributions to CalPERS. The Authority does not pay any portion of the employee's share of employee contributions to CalPERS for any members. All employees pay the employee share of employee contributions to CalPERS. The Authority pays employer contributions to CalPERS for all employees. The Authority and the Union acknowledge that employer and employee CalPERS contribution rates may be adjusted by CalPERS, which is beyond the Authority's or any employer's control.
Sample 1
Contributions to CalPERS. (a) All CalPERS Classic employees are responsible for paying their contributions for their respective retirement plans to CalPERS at 5% and the City of Banning is responsible for paying their contributions for their respective retirement plans at 4%, to total the required 9% employee contribution.
Sample 1

Related to Contributions to CalPERS

  • Contributions for OTPP Plan Members i. When an employee/plan member is on short term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OTPP contributions based on 100% of the employee/plan member’s regular pay.

  • Investment of Contributions At the direction of the Designated Beneficiary (or the direction of the Depositor or the Responsible Individual, whichever applies) the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a custodial account investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Designated Beneficiary (or the Depositor or Responsible Individual), and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Designated Beneficiary.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Return of Contributions The General Partner shall not be personally liable for, and shall have no obligation to contribute or loan any monies or property to the Partnership to enable it to effectuate, the return of the Capital Contributions of the Limited Partners or Unitholders, or any portion thereof, it being expressly understood that any such return shall be made solely from Partnership assets.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Tax Credit for Contributions You may be eligible to receive a tax credit for your IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2019 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–38,500 $1–28,875 $1–19,250 50 $38,501–41,500 $28,876–31,125 $19,251–20,750 20 $41,501–64,000 $31,126–48,000 $20,751–32,000 10 Over $64,000 Over $48,000 Over $32,000 0 2020 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–39,000 $1–29,250 $1–19,500 50 $39,001–42,500 $29,251–31,875 $19,501–21,250 20 $42,501–65,000 $31,876–48,750 $21,251–32,500 10 Over $65,000 Over $48,750 Over $32,500 0 *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

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