Employee Contribution Rate Sample Clauses

Employee Contribution Rate. Less than 2 years 0¢ per hour

Employee Contribution Rate. The employee contribution rate is currently 9% (8% statutory employee contribution plus 1% pickup of the employer rate). Effective as soon as practicable, Employees shall pay 2.0% of PERSable compensation on behalf of the employer (i.e., the employee contribution shall be 8% and the employee contribution towards the employer share shall be 2.0%, increasing the employee contribution to 10%). Such amount shall be deducted from the employee's paycheck. The parties understand that this provision must be implemented for all non-safety personnel at the same time. CalPERS requires a contract amendment and a separate vote of all affected employees to implement an increase in the employee contribution rate. If affected employees do not approve the additional 1% contribution, it will be made as a reduction in base wage for bargaining unit members. 1. All employee contributions required by XxxXXXX shall be made by the City by deducting the amount of the total CalPERS employee contribution from the salary of the employee. The City shall implement the provisions of section 414(h)(2) of the Internal Revenue Code ("IRC") for the employee contributions deducted from the salary of employees. This shall not be construed as a guarantee by the City of the existence or continuation of any tax benefits arising from this section of the IRC, nor shall the City indemnify any employee against any loss that may result from any different interpretation, change or elimination of the relevant sections of the IRC. 2. The City shall exercise its best efforts to extend the provisions of section 414(h)(2) to deductions of employee compensation covering the employees' share of the CalPERS contributions. 3. The City shall continue to contract with CalPERS to include the twelve

Employee Contribution Rate. Employee contributions are two percent (2%) of compensation received, deducted biweekly from paychecks. Employees hired on or after January 1, 2000, shall contribute six and one-half percent (6.5%) of compensation received, deducted biweekly from paychecks. As soon as administratively feasible February 26, 2013, the County will reduce the pre-tax compensation of each employee by seven percent (7%) deducted bi- weekly which the County will contribute to the Genesee County Employees’ Retirement System as an Employer contribution.

Employee Contribution Rate. New Members with Tier III benefits shall contribute fifty percent of their total normal cost rate, currently 7.75%, of their CalPERS reported contributions to their CalPERS retirement plan. The contributions will be on a pre-tax basis.

Employee Contribution Rate. Employees shall contribute the following amounts toward the monthly premium for their health care coverage/program beginning January 1, 2014:

Employee Contribution Rate. The employee contribution rate shall be 4.0% of all earnings.

Employee Contribution Rate. The following contribution rates only apply to "legacy" employees hired prior to January 1, 2013, and those hired on or after January 1, 2013 that are eligible for reciprocity with another California public retirement system. Employees hired on or after January 1, 2013 and are not eligible for reciprocity with another California public retirement system, or who are otherwise " new employees" or "new members," as defined under the California Public Employee Pension Reform Act ("PEPRA"), will be subject to the retirement contribution required by XXXXX. As of January 1, 2013, PEPRA requires that the contribution rate shall be at least 50% of the normal cost of the pension benefit. Information regarding the retirement plan for such employees, including the current contribution rate, can be found in the EBMUD Retirement Handbook. • Effective April 18, 2016, the employee contribution rate will be 8.75%

Employee Contribution Rate. Employee contributions are two percent (2%) of compensation received, deducted biweekly from paychecks. Employees hired on or after January 1, 2000, shall contribute six and one-half percent (6.5%) of compensation received, deducted biweekly from paychecks.

Employee Contribution Rate. Employee contributions are five percent (5%) of their annual compensation deducted biweekly.

Employee Contribution Rate. The mandatory employee contribution rate for employees who do not select the Annuity Withdrawal option, shall be 4.0% of all earnings. The City agrees to an employer pick-up through salary reduction of the employee’s required Pension Plan contribution, pursuant to Section 414(h) of the Internal Revenue Code of 1986.