Common use of Cost Sharing of Employer Contribution Clause in Contracts

Cost Sharing of Employer Contribution. i. Effective the first full pay period in July 2017, and as soon as the City’s contract with CalPERS can be amended, employees will contribute 3% towards the employer’s share of the retirement contribution in addition to the employee paying the entire employee share, for a total of 12%.

Appears in 1 contract

Samples: Memorandum of Understanding

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Cost Sharing of Employer Contribution. i. Effective the first full pay period in July July, 2017, and as soon as the City’s contract with CalPERS can be amended, employees will contribute 3% towards the employer’s share of the retirement contribution in addition to the employee paying the entire employee shareshare of 9%, for a total of 12%.

Appears in 1 contract

Samples: Memorandum of Understanding

Cost Sharing of Employer Contribution. i. Effective the first full pay period in July July, 2017, and as soon as the City’s contract with CalPERS can be amended, employees will contribute 3% towards the employer’s share of the retirement contribution in addition to the employee paying the entire employee share, for a total of 12%.

Appears in 1 contract

Samples: Memorandum of Understanding

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Cost Sharing of Employer Contribution. i. Effective the first full pay period in July 2017, and as soon as the City’s contract with CalPERS can be amended, employees will contribute 3% towards the employer’s share of the retirement contribution in addition to the employee paying the entire employee shareshare of 9%, for a total of 12%.

Appears in 1 contract

Samples: Memorandum of Understanding

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