Common use of PEPRA NEW Members Employee Retirement Contribution Clause in Contracts

PEPRA NEW Members Employee Retirement Contribution. Employees identified by CalPERS as PEPRA New Members will have an employee contribution rate of at least 50% of the normal cost rate of their defined benefit plan, rounded to the near ¼ percent; adjusted periodically as determined by PERS. The employee contribution currently in effect is 6.25% for Local MISC PEPRA New Members plus a percentage of the Employer’s pension cost for a total employee contribution as identified in this Section below under “Employee Sharing Additional Cost”.

PEPRA NEW Members Employee Retirement Contribution. Employees identified by CalPERS XxxXXXX as PEPRA New Members will have an employee contribution rate of at least 50% of the normal cost rate of their defined benefit plan, rounded to the near ¼ percent; adjusted periodically as determined by PERS. The employee contribution currently in effect is 6.25% for Local MISC PEPRA New Members plus a percentage of the Employer’s pension cost for a total employee contribution as identified in this Section below under “Employee Sharing Additional Cost”.

PEPRA NEW Members Employee Retirement Contribution. Employees identified by CalPERS XxxXXXX as PEPRA New Members will have an employee contribution rate of at least 50% 50 percent of the normal cost rate of for their defined benefit plan, rounded to the near ¼ percent; adjusted periodically as determined by PERS. The employee contribution currently in effect is 6.25% for Local MISC PEPRA New Members plus a percentage of the Employer’s pension cost for a total employee contribution in effect as identified of 7/1/2020 and through 6/30/2022 is 7.00%. This Employee contribution rate may change after 6/30/2022 as the Local Miscellaneous PEPRA rate is subject to annual adjustment by CalPERS in this accordance with Section below under “Employee Sharing Additional Cost”Code 7522.30(b).

PEPRA NEW Members Employee Retirement Contribution. Employees identified by CalPERS XxxXXXX as PEPRA New Members will have an employee contribution rate of at least 50% 50 percent of the normal cost rate of their for the defined benefit plan, rounded to the near nearest ¼ percent; adjusted periodically as determined by PERSPERS (as adjusted by CalPERS in accordance with Section Code 7522.30(b)). The employee contribution currently in effect is 6.25% for Local MISC Employees identified by XxxXXXX as PEPRA New Members plus a percentage Miscellaneous members have an employer contribution of 11.75%. Employees shall pay the Employer’s pension cost for a total employee contribution full Employee Contribution as identified in this Section below under “Employee Sharing Additional Cost”determined annually by CalPERS.

PEPRA NEW Members Employee Retirement Contribution. Employees identified by CalPERS as PEPRA New Members will have an employee contribution rate of at least 50% 50 percent of the normal cost rate of their for the defined benefit plan, rounded to the near nearest ¼ percent; adjusted periodically as determined by PERSPERS (as adjusted by CalPERS in accordance with Section Code 7522.30(b)). The employee contribution currently in effect is 6.25% for Local MISC Employees identified by CalPERS as PEPRA New Members plus a percentage Miscellaneous members have an employer contribution of 11.75%. Employees shall pay the Employer’s pension cost for a total employee contribution full Employee Contribution as identified in this Section below under “Employee Sharing Additional Cost”determined annually by CalPERS.