Employee Contribution Toward Retiree Medical Obligation Unfunded Liability. Effective the pay period after ratification. all coded employees shall contribute on a biweekly basis fifteen dollars ($15) toward the retiree medical obligation unfunded liability. Such contributions are to be made on a pre-tax basis, and employees shall have no vested right to the contributions made by the employees. Such contributions shall be used by the County exclusively to offset a portion of the County’s annual required contribution amount to the California Employers Retirement Benefit Trust established for the express purpose of meeting the County’s other post- employment benefits (OPEB) obligations and shall not be used for any other purpose.
Employee Contribution Toward Retiree Medical Obligation Unfunded Liability. All coded employees shall contribute on a biweekly basis an amount equivalent to $13.50 of the lowest cost early retiree premium rate. Such contributions are to be made on an after-tax basis and employees shall have no vested right to the contributions made by the employees. Such contributions shall be used by the County exclusively to offset a portion of the County’s annual required contribution amount to the California Employers Retirement Benefit Trust established for the express purpose of meeting the County’s other post employment benefits (OPEB) obligations and shall not be used for any other purpose.
Employee Contribution Toward Retiree Medical Obligation Unfunded Liability. (OPEB) Effective September 1, 2014 (pay period 14/19), OPEB contributions will be suspended. Beginning August 31, 2015 (pay period 15/19), employees shall contribute $13.50 on a biweekly basis toward the lowest cost early retiree premium rate. Such contributions are to be made on a pre-tax basis, and employees shall have no vested right to the contributions made by the employees. Such contributions shall be used by the County exclusively to offset a portion of the County’s annual required contribution amount to the California Employers Retirement Benefit Trust established for the express purpose of meeting the County’s other post-employment benefits (OPEB) obligations and shall not be used for any other purpose.
Employee Contribution Toward Retiree Medical Obligation Unfunded Liability. During Fiscal Year 2015, through June 21, 2015, each employee shall contribute through payroll deduction, on a biweekly basis, an amount equal to one percent (1%) of his/her salary to the California Employers Retirement Benefit Trust Fund that is administered by CalPERS. Such contributions shall be used by the County exclusively to offset a portion of the County’s annual required contribution amount to the California Employers Retirement Benefit Trust established for the express purpose of meeting the County’s other post-employment benefits (OPEB) obligations and shall not be used for any other purpose. These contributions shall be made on a pre-tax basis. Effective September 26, 2016, ESC represented employees will contribute $13.50 a pay period to OPEB
Employee Contribution Toward Retiree Medical Obligation Unfunded Liability. Effective September 7, 2020, all coded employees shall contribute on a biweekly basis $15.00. Such contributions are to be made on an after-tax basis and employees shall have no vested right to the contributions made by the employees. Such contributions shall be used by the County exclusively to offset a portion of the County’s annual required contribution amount to the California Employers Retirement Benefit Trust established for the express purpose of meeting the County’s other post employment benefits (OPEB) obligations and shall not be used for any other purpose. If it is established that contributions can be made to the California Employers Retirement Trust on a pre-tax basis, the contributions shall be made on a pre-tax basis.
Employee Contribution Toward Retiree Medical Obligation Unfunded Liability. (OPEB) Effective with the pay period beginning September 14, 2015, for the term of this agreement, employees shall contribute $13.50 on a biweekly basis. Such contributions are to be made on pre-tax basis and employees shall have no vested right to the contributions made by the employees. Such contributions shall be used by the County exclusively to offset a portion of the County’s annual required contribution amount to the California Employers Retirement Benefit Trust established for the express purpose of meeting the County’s other post-employment benefits (OPEB) obligations and shall not be used for any other purpose.
Employee Contribution Toward Retiree Medical Obligation Unfunded Liability. Upon commencement of the agreement, ESC represented employees will contribute $15.00 a pay period to OPEB
Employee Contribution Toward Retiree Medical Obligation Unfunded Liability. The current OPEB contribution shall be suspended from June 24, 2013 to June 8, 2014. Effective June 9, 2014, all coded employees shall contribute on a biweekly basis an amount of $13.50. Such contributions are to be made on an after-tax basis and employees shall have no vested right to the contributions made by the employees. Such contributions shall be used by the County exclusively to offset a portion of the County’s annual required contribution amount to the California Employers Retirement Benefit Trust established for the express purpose of meeting the County’s other post employment benefits (OPEB) obligations and shall not be used for any other purpose. The County will rebate to employees $13.50, the OPEB contribution made during the period between June 24, 2013 to August 18, 2013, subject to standard payroll deductions.
Employee Contribution Toward Retiree Medical Obligation Unfunded Liability. (OPEB) Effective with the pay period beginning October 15, 2012, all coded employees shall contribute on a biweekly basis an amount equivalent to 5.0% of the lowest cost early retiree premium rate. An employee shall have no vested right to the contributions made by the employees. Such contributions shall be used by the County exclusively to offset a portion of the County’s annual required contribution amount to the California Employers’ Retiree Benefit Trust (CERBT) established for the express purpose of meeting the County’s other post-employment benefits (OPEB) obligations and shall not be used for any other purpose. Contributions shall be made to the CERBT on a pre-tax basis. Employees shall receive an OPEB rebate of $175.24 per person for the period of October 28, 2013 through April 27, 2014.
Employee Contribution Toward Retiree Medical Obligation Unfunded Liability. Effective on the pay period beginning February 3, 2014, all employees shall make contributions to the Department’s California Employers Retirement Benefit Trust. The contributions shall be as follows: Effective February 3, 2014, employees shall contribute an amount equivalent to 1.0% of the annual base wage; that amount shall be divided by 26 pay periods; that amount shall be paid each pay period. Such contributions are to be made on an after-tax basis and employees shall have no vested right to the contributions made by the employees. Such contributions shall be used by the Department exclusively to offset a portion of the Department’s annual required contribution amount to the California Employers Retirement Benefit Trust established for the express purpose of meeting the Department’s Other Post Employment Benefit (OPEB) obligations and shall not be used for any other purpose. If it is established that contributions can be made to the California Employers Retirement Benefit Trust on a pre-tax basis, the contributions shall be made on a pre-tax basis.
