Employer Contribution Amount. The City and the Union agree that effective January 1, 2024, the City shall on a pre-tax basis, make the following contribution based on years of service on behalf of every member of the Defined Class. Years of service shall be inclusive of enrollment in CalPERS, United States Forestry Service, United States Military Service, CERL-1937 Act, and/or other municipal pension system.
Employer Contribution Amount. The Fredonia Central School District agrees to make a non-elective employer contrihution in the amount of 50% of the total earnings (includes all regular salaries received by the employee from the District; this does not include coaching or co- curricular salaries) of the employee the year he retires to a 403(b) program able to accept such amounts, subject to the contribution hmits as outhned in the Internal Revenue Code. This non-elective employer contribution is available to all employees who meet the age and service requirements as defined by New York State Teachers' and Employees Retirement System and the stipulations outhned below. The employer shall make up to the maximum contribution permitted under Section 415(c)(1) of the Internal Revenue Code of 1986, as amended.
Employer Contribution Amount. The City shall make on a pre-tax basis each pay period a contribution to the Trust in an amount equal to $25.00 for every employee who is a member of the bargaining unit and, in a paid status for any portion of the pay period. Upon the mutual agreement of the parties, the amount of this contribution may be augmented from time to time, in any increment of $25, as long as the modification is made for all employees covered by this Agreement. Effective the first full pay period following adoption of the July 1, 2018 through June 30, 2020 MOU, the City shall make on a pre-tax basis each pay period a contribution to the Trust in an amount equal to $75.00 for every employee who is a member of the bargaining unit and, in a paid status for any portion of the pay period.
