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.

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.