Employer Paid Retirement Contributions. This will include all retirement contribution amounts paid by the employer, including rates for normal (basic) cost, cost-of-living adjustments, unfunded actuarial accrued liability (UAAL) and contributions that are normally the responsibility of the employee but through negotiations are paid by the employer.
Employer Paid Retirement Contributions. Employee Contributions to CalPERS are made by the Employer on behalf of its employees. For this purpose, “Employee Contributions” means those contributions that are deducted from employees’ salary and credited to individual employees’ accounts under CalPERS. This section specifically covers Employee Contributions made on behalf of employees covered by this collective bargaining agreement.
Employer Paid Retirement Contributions. On January 29, 1985, the State of California (the “Employer”) issued Executive Order D-42-85, providing for the implementation of provisions under section 414(h)(2) of the Internal Revenue Code concerning the tax treatment of Employer-paid employee contributions to the California Public Employees’ Retirement System (“CalPERS”). Section 414(h)(2) generally provides for the pre-tax treatment of employee contributions that are “picked up” by an employer. In accordance with that Executive Order and with Internal Revenue Service guidance under Revenue Ruling 2006-43, this formalizes the implementation of section 414(h)(2) with regard to Employee Contributions to CalPERS that are made by the Employer on behalf of its employees. For this purpose, “Employee Contributions” means those contributions that are deducted from employees’ salary and credited to individual employees’ accounts under CalPERS. This Article specifically covers Employee Contributions made on behalf of employees covered by the collective bargaining agreement to which the Article relates.
Employer Paid Retirement Contributions. In accordance with that Executive Order and with Internal Revenue Service guidance under Revenue Ruling 2006-43, this formalizes the implementation of section 414(h)(2) with regard to Employee Contributions to CalPERS that are made by the Employer on behalf of its employees. For this purpose, “Employee Contributions” means those contributions that are deducted from employees’ salary and credited to individual employees’ accounts under XxxXXXX. This Article specifically covers Employee Contributions made on behalf of employees covered by the collective bargaining agreement to which the Article relates.
