Employee PERS Contributions Sample Clauses

Employee PERS Contributions. Tier One - employees shall contribute eight percent (8%) of Base Salary to the PERS retirement plan. • Tier Two - employees shall contribute seven percent (7%) of Base Salary to the PERS retirement plan. • Tier Three – new members shall contribute fifty percent (50%) of the total normal cost, unless otherwise determined annually by XxxXXXX, of the PERS retirement plan.
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Employee PERS Contributions. (a) Employees will be responsible for payment of the Employee contribution to the Public Employees Retirement System (PERS).
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Employee PERS Contributions. Tier One and Two - Employees shall contribute nine percent (9%) for Public Safety, employee’s contribution. Tier Three –New members shall contribute fifty percent (50%) of the total normal cost, unless otherwise determined annually by XxxXXXX, of the PERS retirement plan.
Sample 1
Employee PERS Contributions. Tier One and Two – Classic Member Employee Contributions: Classic Members shall contribute seven percent (7%) of salary to the PERS retirement plan. Tier Three - New Member Employee Contributions: New Members shall contribute fifty percent (50%) of the total normal cost, unless otherwise determined annually by XxxXXXX, of the PERS retirement plan. Employee contributions paid by members will be deducted on a pre•tax basis, in accordance with IRC Section 414(h)(2).
Sample 1

Related to Employee PERS Contributions

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • Member Contributions With respect to benefits accrued under the Retirement System on or after January 1, 2021, members shall be required to make the following rates of member contributions to the Retirement System:

  • 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.

  • Pension Contributions 19.2.3.1 Unless required by law to commence receiving a pension prior to the Member’s actual retirement date (i.e., currently December 31 of the year in which the Member attains age sixty-nine (69)) the Member who postponed retirement beyond his or her TRD will continue to make pension contributions.

  • 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.

  • 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.

  • 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.

  • Company Contributions a) For employees hired, re-hired, or transferred into CWA 3871 before July 1, 2015, the Company shall contribute a Company Matching Contribution equal to twenty-five percent (25%) of the Participant’s Contribution, up to a maximum of six percent (6%) of eligible wage.

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