Employee Contribution Pick Up Sample Clauses

Employee Contribution Pick Up. Bargaining unit employees pay member contributions on a pre-tax basis as follows: Tier I (2.5% @ 55) 8% Tier II (2% @ 55) 7% Tier III (2% @ 62) 50% of Normal Cost as calculated by XxxXXXX
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Employee Contribution Pick Up. The Employer shall continue to “pick-up” a six percent (6%) employee retirement plan contribution for eligible employees participating in the UPP prior to the first full pay period following January 1, 2016, at which time the pick-up will be discontinued.
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Employee Contribution Pick Up. Umatilla County will Apick-up@, assume, and pay a six percent (6%) employee contribution to the Public Employees Retirement Fund for the employee members participating in the Public Employees Retirement System, and the Oregon Public Service Retirement Plan. Such Apick-up@ or payment of employee member contribution to the system shall continue for the life of this Agreement. The Union and the County agree that if during the terms of this agreement, by any means, the employer is prohibited from Apicking-up@ PERS this article will be reopened.
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Employee Contribution Pick Up. For historical purposes, Umatilla County ceased withholding from employees’ salaries the contributions required by ORS 237.071 effective July 1, 2000, and began to “pick-up,” assume, and pay a six percent (6%) employee contribution to the Public Employees Retirement Fund for the employee members participating in the Public Employees Retirement System. Such “pick-up” or payment of the employee member contribution to the system shall continue for the life of this Agreement. The Association and the County agree that if ever, by any means, the Employer is prohibited from “picking-up” PERS the contribution, that amount, six percent (6%), shall immediately be converted to salary and the employees will self-pay their PERS.
Sample 1
Employee Contribution Pick Up. Effective July 1, 2010, the City reduced the Employer Paid Member Contribution by 2% (from 8% to 6%). Bargaining unit employees paid the 2% member contribution on a pre-tax basis. Effective July 1, 2011, the City reduced the Employer Paid Member Contribution by an additional 3% (from 6% to 3%). Bargaining unit employees paid the 5% member contribution on a pre-tax basis. Effective the first full pay period in July 2103, the City discontinued the Employer Paid Member Contribution. In exchange, effective the first full pay period in July 2013, salaries were increased by 2.54%. Bargaining unit employees pay member contributions on a pre-tax basis as follows: Tier I (2.5% @ 55) 8% Tier II (2% @ 55) 7% Tier III (2% @ 62) 50% of Normal Cost as calculated by CalPERS
Sample 1
Employee Contribution Pick Up. Bargaining unit members will pay the entire Member Contribution. For employees in Tier 1, the Member contribution is eight (8%) percent. For employees in Tier 2, the Member Contribution is seven (7%) percent. For employees in Tier 3, the Member Contribution is one-half of the Normal Cost as calculated by CalPERS (currently 6.25%).
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Employee Contribution Pick Up 
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Related to Employee Contribution Pick Up

  • Employee Contribution Eligible employees shall contribute one percent (1%) of their salary on a per pay period basis to the HCSP.

  • Employee Contributions (a) Each participant shall be allowed to contribute on a bi-weekly basis up to an amount equal to eighty percent (80%) of the Participant’s wage. Such bi-weekly wage deductions shall be in increments of one percent (1%) and shall be contributed to the Participant’s account. The participant may contribute on a pre-tax, after-tax, Xxxx basis or any combination.

  • Voluntary employee contributions (i) Subject to the governing rules of the relevant superannuation fund, an employee may, in writing, authorise their employer to pay on behalf of the employee a specified amount from the post- taxation wages of the employee into the same superannuation fund as the employer makes the superannuation contributions provided for in Clause 24(b).

  • Retirement Contribution The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications. Corrections Firearms Instructor Oil & Hazardous Material Responder I Oil & Hazardous Material Responder II

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

  • 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.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

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