Common use of OPSRP Pick Up Clause in Contracts

OPSRP Pick Up. 29 The County shall “pick up” the employee contribution to OPSRP as 30 permitted by ORS 238A.335(1). Should for any reason the ORS 238A.335(1) 31 “employer pick-up” no longer be legally available the County shall on the last 1 payroll period of this Agreement increase employee wages by six percent (6%) 2 and return to the limited “pick-up” provided for prior to 1999, including but not 3 limited to the terms of compensation for non-OPSRP members. Pursuant to 4 ORS 238A.335(2)(a) and (3), the parties agree and acknowledge that employee 5 compensation was reduced in order to generate the funds needed to make these 6 employee contributions to the employee accounts; the employer will file any 7 required notices with the Public Employees Retirement Board.

OPSRP Pick Up. 29 28 The County shall “pick up” the employee contribution to OPSRP as 30 29 permitted by ORS 238A.335(1). Should for any reason the ORS 238A.335(1) 31 30 “employer pick-up” no longer be legally available the County shall on the last 1 31 payroll period of this Agreement increase employee wages by six percent (6%) 2 1 and return to the limited “pick-up” provided for prior to 1999, including but not 3 2 limited to the terms of compensation for non-OPSRP members. Pursuant to 4 ORS 3 238A.335(2)(a) and (3), the parties agree and acknowledge that employee 5 4 compensation was reduced in order to generate the funds needed to make these 6 5 employee contributions to the employee accounts; the employer will file any 7 6 required notices with the Public Employees Retirement Board.