Common use of PERS/OPSRP Retirement Contributions Clause in Contracts

PERS/OPSRP Retirement Contributions. Effective beginning the fall term of the academic year 2016-2017, the College shall assume and pay the six percent (6%) employee contribution/payment required by the Public Employee Retirement System (PERS) and/or the Oregon Public Service Retirement Plan (OPSRP) for members who are eligible to participate in PERS or OPSRP. Such employee contributions shall be credited to PERS and/or OPSRP members Individual Account Program (IAP) accounts.

Appears in 3 contracts

Samples: Part Time Faculty Association Agreement, Part Time Faculty Association Agreement, Part Time Faculty Association Agreement

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PERS/OPSRP Retirement Contributions. Effective beginning the fall term of the academic year 2016-2017, the College shall assume and pay the six percent (6%) employee contribution/payment required by the Public Employee Retirement System (PERS) and/or the Oregon Public Service Retirement Plan (OPSRP) for members who are eligible to participate in PERS or OPSRP. Such employee contributions shall be credited to PERS and/or OPSRP members Individual Account Program (IAP) accounts.. Part-Time Faculty Agreement (Article10-1)

Appears in 1 contract

Samples: Part Time Faculty Association Agreement

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