PERS Sample Clauses

PERS. The City provides unit employee retirement coverage through the Public Employees' Retirement System (PERS).

PERS. The employee’s contribution required by PERS shall be made by the employee through a payroll deduction.

PERS. Employee shall pay three percent (3%) toward the employee contribution of PERS. The City shall pay the remaining employee contribution of five percent (5%) pursuant to the retirement plan maintained by the City through the Public Employees Retirement System (PERS); provided, however, said payments shall not exceed the full employee portion of eight percent (8%) of the Employee’s compensation in the case of miscellaneous members of the retirement system. These payments are not salary increases but are retirement contributions made in accordance with Section 414(h)2 of the Internal Revenue Code. The City will pay the Employee’s cost of the 1959 Survivor’s Benefit.

PERS. Employees shall be provided retirement benefit coverage in the Public Employees Retirement System (PERS) as provided by law and the Participation Agreement between the State of Alaska and the Matanuska Susitna Borough.

PERS. Section 28.1 The Employer shall maintain all statutory deductions as required by the Public Employees Retirement System, in accordance with the Ohio Revised Code.

PERS. All regular employees will belong to the P.E.R.S. and will pay a percentage of their salary into the System, according to the position they hold. The City, as a political subdivision will also pay a

PERS. D.1.a. The retirement benefit shall include Section 21363.2 (3% @ 50) formula. Pursuant to the Public Employees’ Pension Form Act of 2013 (PEPRA), the 3% @ 50 formula is only applicable to employees identified by the California Public Employees’ Retirement System (PERS) as Classic Members (generally employees who became PERS members prior to January 1, 2013). Pursuant to PEPRA, the City is mandated to provide a 2.7% @ 57 PERS Retirement Formula to employees PERS identifies as New Members (generally employees who became PERS members on or after January 1, 2013).

PERS. 1. The District shall continue to pay, as permitted by ORS 237.075, the six percent (6%) unit member contribution to the Public Employee Retirement System for the unit members then participating in the Public Employee Retirement System. Such payment of unit member monthly contributions to the System shall continue for the life of this Agreement. Payment of the unit member contribution shall, also, be applicable to unit members who first began to participate in the System on, and after, September 1, 1979. 2. The full amount of required unit member contributions paid by the District on behalf of unit members shall be considered as “salary,” within the meaning of ORS 237.003 (8), for the purpose of computing a unit member’s “final average salary,” within the meaning of ORS 237.003 (12), but shall not be considered as “salary” for the purposes of determining the amount of unit member contribution required to be contributed pursuant to ORS 237.071. Such paid unit member contributions shall be credited to unit member accounts, pursuant to ORS 237.071 (2) and shall be considered to be unit member contributions for the purposes of ORS 237.001 to 237.320.

PERS. 6.6.1 Certificated employees who retire under conditions required by the State Teachers Retirement System, and who are age fifty-five (55) or older, may enroll in the District PERS Health Plan. See Article 9.

PERS. Eligible employees have the option to pay their share of normal PERS contributions to the District, as prescribed in PERS. If the employee chooses to exercise this option, the District shall process such payment, along with the District’s normal contribution, in compliance with the provisions of the Department of Retirement Systems. It should be noted that delay in exercising this option will result in an interest penalty being applied.