Common use of Pension Pick-up Clause in Contracts

Pension Pick-up. Effective throughout the life of this Agreement, the City shall pay one percentage (1%) point of the employee's state-mandated contribution to the Police and Fireman's Pension Fund. The remaining portion of the employee's contribution shall be paid by the employee. However, the City shall "shelter" members pension contribution for personal income tax purposes.

Appears in 9 contracts

Samples: www.hhoh.org, dam.assets.ohio.gov, dam.assets.ohio.gov

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.