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 Ohio Public Employees Retirement System (OPERS). 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 4 contracts

Samples: dam.assets.ohio.gov, Agreement Between Huber Heights And, serb.ohio.gov

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