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Common use of PERS Pick-up Clause in Contracts

PERS Pick-up. Employee contributions to the Public Employees' Retirement system (PERS) shall be "picked up" by the City. Employee shall not have the option of receiving money designated for retirement contributions and directly making the contribution to PERS. Employee's reported salary for tax purposes shall be reduced by the amount of the employee's contribution to PERS.

Appears in 5 contracts

Samples: Employment Agreement, Employment Agreement, Employment Agreement