Common use of Oregon Public Service Retirement Plan Members Clause in Contracts

Oregon Public Service Retirement Plan Members. For purposes of this Section 2(B), “employee” means an employee who is employed by the Employer on or after August 29, 2003 and who is not eligible to receive benefits under ORS 238 for service with the Employer pursuant to Section 2 of chapter 733, Oregon Laws 2003. Contributions to Individual Account Programs. As of the date that an employee becomes a member of the Individual Account Program ORS 238A.300 and ORS 238A.305, the Employer will pay an amount equal to six percent (6%) of the employee’s monthly salary, not to be deducted from the salary, as the employee’s contribution to the employee’s account in that program. The employee’s contributions paid by the Employer under this Section 2(B) shall not be considered to be “salary” for the purposes of determining the amount of employee contributions required to be contributed pursuant to ORS 238A.330 and ORS 238A.335.

Oregon Public Service Retirement Plan Members. For purposes of this Section 3 2(B), “employee” means an employee who is employed by the Employer University on or after August 29, 4 2003 and who is not eligible to receive benefits under ORS 238 for service with the Employer University 5 pursuant to Section 2 of chapter 733, Oregon Laws 2003. 6 7 Contributions to Individual Account Programs. As of the date that an employee 8 becomes a member of the Individual Account Program ORS 238A.300 and ORS 238A.305, the Employer 9 University will pay an amount equal to six percent (6%) of the employee’s monthly salary, not to 10 be deducted from the salary, as the employee’s contribution to the employee’s account in that 11 program. The employee’s contributions paid by the Employer University under this Section 2(B) shall not 12 be considered to be “salary” for the purposes of determining the amount of employee contributions 13 required to be contributed pursuant to ORS 238A.330 and ORS 238A.335.. 14 15

Oregon Public Service Retirement Plan Members. For purposes of this Section 2(B), “employee” means an employee who is employed by the Employer University on or after August 29, 2003 and who is not eligible to receive benefits under ORS 238 for service with the Employer University pursuant to Section 2 of chapter 733, Oregon Laws 2003. Contributions to Individual Account Programs. As of the date that an employee becomes a member of the Individual Account Program ORS 238A.300 and ORS 238A.305, the Employer University will pay an amount equal to six percent (6%) of the employee’s monthly salary, not to be deducted from the salary, as the employee’s contribution to the employee’s account in that program. The employee’s contributions paid by the Employer University under this Section 2(B) shall not be considered to be “salary” for the purposes of determining the amount of employee contributions required to be contributed pursuant to ORS 238A.330 and ORS 238A.335.