Common use of PERS Cost Sharing Clause in Contracts

PERS Cost Sharing. 1. Effective August 1, 2011, unit employees agree to contribute one and one-half percent (1.5%) of their salary per year and each fiscal year thereafter to the employer PERS contribution rate. 2. Effective September 1, 2013, unit employees agree to contribute an additional one and one-half percent (1.5%) of their salary per year and each fiscal year thereafter to the employer PERS contribution rate, for a total unit employee contribution of three percent (3%). 3. Effective July 1, 2016, unit employees agree to contribute an additional one percent (1%) of their salary per year and each fiscal year thereafter to the employer PERS contribution rate, for a total unit employee contribution of four percent (4%).

PERS Cost Sharing. 1. Effective August 1, 2011, unit employees agree to contribute one and one-half one‐half percent (1.5%) of their salary per year and each fiscal year thereafter to the employer PERS contribution rate. 2. Effective September 1, 2013, unit employees agree to contribute an additional one and one-half one‐half percent (1.5%) of their salary per year and each fiscal year thereafter to the employer PERS contribution rate, for a total unit employee contribution of three percent (3%). 3. Effective July 1, 2016, unit employees agree to contribute an additional one percent (1%) of their salary per year and each fiscal year thereafter to the employer PERS contribution rate, for a total unit employee contribution of four percent (4%).