OPSRP Employer Contribution Sample Clauses

OPSRP Employer Contribution. 31 The County shall “pick up” the employee contribution to OPSRP as permitted by 32 ORS 238A.335(1). Should for any reason the ORS 238A.335(1) “employer pick-up” no 33 longer be legally available the County shall on the last payroll period of this Agreement 1 increase employee wages by six percent (6%) and return to the limited “pick up” provided for 2 prior to September 1, 1998, including but not limited to the terms of compensation for non- 3 OPSRP members. Pursuant to ORS 238A.335(2)(a) and (3), the parties agree and 4 acknowledge that employee compensation was reduced in order to generate the funds 5 needed to make these employee contributions to the employee accounts; the employer will 6 file any required notices with the Public Employees Retirement Board. 7
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OPSRP Employer Contribution. 29 Pursuant to ORS 238A.340, the employer agrees to make employer contributions to 30 the individual account program of its OPSRP members in an amount equal to six percent (6%) 31 of salary.
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Related to OPSRP Employer Contribution

  • 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.

  • 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.

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Amount of Employer Contribution The Employer Contribution amounts and rules in effect on June 30, 2017 will continue through December 31, 2017.

  • Partial Employer Contribution - Basic Eligibility The following employees covered by this Agreement receive the full Employer Contribution for basic life coverage, and at the employee's option, a partial Employer Contribution for health and dental coverages if they are scheduled to work at least fifty (50) percent but less than seventy-five (75) percent of the time. This means:

  • Voluntary employee contributions (i) Subject to the governing rules of the relevant superannuation fund, an employee may, in writing, authorise their employer to pay on behalf of the employee a specified amount from the post- taxation wages of the employee into the same superannuation fund as the employer makes the superannuation contributions provided for in Clause 24(b).

  • Beneficiary Rollovers from Employer-Sponsored Retirement Plans If you are a spouse Beneficiary, nonspouse Beneficiary, or the trustee of an eligible type of trust named as Beneficiary of a deceased employer plan participant, you may directly roll over inherited assets from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan to an inherited IRA. The IRA must be maintained as an inherited IRA, subject to the beneficiary distribution requirements.

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