Common use of OPERS contributions Clause in Contracts

OPERS contributions. All Authority employees pay the entire amount of the “employee’s contribution” to the Ohio Public Employees Retirement System (“OPERS”). The full contribution required of employees shall be made by each employee through deduction in the normal course of processing payroll and will be treated by the Authority as a salary reduction employer pick-up that is tax deferred. The Authority shall pay the “employer’s contribution” to OPERS as required by statute

OPERS contributions. ‌ All Authority employees pay the entire amount of the “employee’s contribution” to the Ohio Public Employees Retirement System (“OPERS”). The full contribution required of employees shall be made by each employee through deduction in the normal course of processing payroll and will be treated by the Authority as a salary reduction employer pick-up that is tax deferred. The Authority shall pay the “employer’s contribution” to OPERS as required by statute.

OPERS contributions. All Authority employees pay the entire amount of the “employee’s contribution” to the Ohio Public Employees Retirement System (“OPERS”). The full contribution required of employees shall be made by each employee through deduction in the normal course of processing payroll and will be treated by the Authority as a salary reduction employer pick-up that is tax deferred. The Authority shall pay the “employer’s contribution” to OPERS as required by statute.