New Member Retirement Contributions. The employee contribution rate shall be 50 percent of the “normal cost” rounded to the nearest quarter of 1 percent, as determined by PERS.
Appears in 5 contracts
Samples: www.cityofgrassvalley.com, www.cityofgrassvalley.com, www.cityofgrassvalley.com
New Member Retirement Contributions. The employee contribution rate shall be 50 percent of the “normal cost” rounded to the nearest quarter of 1 percent, as determined by PERSPERS annually.
Appears in 3 contracts
Samples: Approval of Agreement, Approval of Agreement, www.cityofgrassvalley.com
