Common use of PENSION-RETIREMENT Clause in Contracts

PENSION-RETIREMENT. 22.1 All employees covered by this Agreement shall participate in the Public Employees Retirement System of the State of Nevada in accordance with the rules of that system. 22.2 The City agrees to pay one hundred (100%) of contributions to Public Employees Retirement System ("PERS") as it changes from time-to-time. 22.3 The City shall comply with all provisions of NRS 286.421 for the purpose of payment of the employee's retirement contribution, but will not pay for the purchase of eligible service.

PENSION-RETIREMENT. 22.1 All employees covered by this Agreement shall participate in the Public Employees Retirement System of the State of Nevada in accordance with the rules of that system. 22.2 The City agrees to pay one hundred (100%) of contributions to Public Employees Retirement System ("“PERS"”) as it changes from time-to-time. 22.3 The City shall comply with all provisions of NRS 286.421 for the purpose of payment of the employee's ’s retirement contribution, but will not pay for the purchase of eligible service.