Common use of Pension Pick-up Clause in Contracts

Pension Pick-up. 9.1.1 The County agrees to continue Employer Paid Member Contributions (EPMC) for a portion of the Tier 1 and Tier 2 employees’ contribution to the Pension Trust whereby the County will pay nine and twenty-nine hundredths percent (9.29%) of the pensionable wages to the County’s Retirement System on behalf of each such employee. As set forth in the Retirement Plan, the EPMC amount is pensionable income.

Pension Pick-up. 9.1.1 ‌ The County agrees to continue Employer Paid Member Contributions (EPMC) for a portion of the Tier 1 and Tier 2 employees’ contribution to the Pension Trust by a plan whereby the County will pay nine seven and twenty-nine hundredths two tenths percent (9.297.2%) of the pensionable wages to the County’s Retirement System on behalf of each such employee. As set forth in the Retirement Plan, the EPMC amount is pensionable incomewages.

Pension Pick-up. 9.1.1 The County agrees to continue Employer Paid Member Contributions (EPMC) for a portion of the Tier 1 and Tier 2 employees’ contribution to the Pension Trust by a plan whereby the County will pay nine seven and twenty-nine hundredths two tenths percent (9.297.2%) of the pensionable wages to the County’s Retirement System on behalf of each such employee. As set forth in the Retirement Plan, the EPMC amount is pensionable incomewages.