Common use of PERS Pickup Clause in Contracts

PERS Pickup. The salary plan for all employees shall include the following: The District shall continue to pay as permitted by ORS 237.075 (now ORS 238.205) and House xxxx 2020, Sections 32-35 (2003), the six percent (6%) employee contribution for the Public Employee Retirement System for the employees then participating in the Public Employee Retirement System. Such payment of employee monthly contributions to the system shall continue for the life of this Agreement. Payment of the employee contribution shall also be applicable to employees who first began to participate in the system on and after September 1, 1979. The full amount of required employee contributions paid by the District pursuant to ORS 237.075 and ORS 238.205 on behalf of employees shall be considered as "salary" within the meaning of ORS 237.003(8) and 238.005(20) for the purpose of computing an employee's "final average salary" within the meaning of ORS 237.003(12) and ORS 238.005(8) but shall not be considered as "salary" for the purposes of determining the amount of employee contribution required to be contributed pursuant to ORS 237.071 or ORS 238.200(1). Such paid employee contribution shall be credited to the employee accounts pursuant to ORS 237.071(2) and ORS 238.200(2) and shall be considered to be employee contributions for the purposes of ORS 237.001 to 237.320 and the like renumbered statutes under ORS 238. The amount of an employee contribution to the individual account program that is paid by the employer and is not deducted from the compensation of the employee, as provided under Section 34(1) and (2)(b) of House Xxxx 2020 (2003) shall not be considered as "salary" for purpose of computing an employee's "final average salary" within the meaning of House Xxxx 2020 Section 10 (2003) nor shall it be considered as "salary" for purposes of determining the amount of employee contribution required to be contributed pursuant to Section 32 of House Xxxx 2020 (2003). Such paid employee contributions shall be credited to the employee individual account program pursuant to Section 32 of House Xxxx 2020 (2003) and shall be considered an employee contribution for the purpose of Section 34 of House Xxxx 2020 (2003).

PERS Pickup. The salary plan for all employees shall include the following: The District shall continue to pay as permitted by ORS 237.075 (now ORS 238.205) and House xxxx bill 2020, Sections 32-35 (2003), the six percent (6%) employee contribution for the Public Employee Retirement System for the employees then participating in the Public Employee Retirement System. Such payment of employee monthly contributions to the system shall continue for the life of this Agreement. Payment of the employee contribution shall also be applicable to employees who first began to participate in the system on and after September 1, 1979. The full amount of required employee contributions paid by the District pursuant to ORS 237.075 and ORS 238.205 on behalf of employees shall be considered as "salary" within the meaning of ORS 237.003(8) and 238.005(20) for the purpose of computing an employee's "final average salary" within the meaning of ORS 237.003(12) and ORS 238.005(8) but shall not be considered as "salary" for the purposes of determining the amount of employee contribution required to be contributed pursuant to ORS 237.071 or ORS 238.200(1). Such paid employee contribution shall be credited to the employee accounts pursuant to ORS 237.071(2) and ORS 238.200(2) and shall be considered to be employee contributions for the purposes of ORS 237.001 to 237.320 and the like renumbered statutes under ORS 238. The amount of an employee contribution to the individual account program that is paid by the employer and is not deducted from the compensation of the employee, as provided under Section 34(1) and (2)(b) of House Xxxx Bill 2020 (2003) shall not be considered as "salary" for purpose of computing an employee's "final average salary" within the meaning of House Xxxx Bill 2020 Section 10 (2003) nor shall it be considered as "salary" for purposes of determining the amount of employee contribution required to be contributed pursuant to Section 32 of House Xxxx Bill 2020 (2003). Such paid employee contributions shall be credited to the employee individual account program pursuant to Section 32 of House Xxxx Bill 2020 (2003) and shall be considered an employee contribution for the purpose of Section 34 of House Xxxx Bill 2020 (2003).

PERS Pickup. The salary plan for all employees shall include the following: The District Employer shall continue to "pick up," assume, and pay as permitted by ORS 237.075 (now ORS 238.205) and House xxxx 2020, Sections 32-35 (2003), the a six percent (6%) average employee contribution to the Public Employees Retirement Fund for the Public Employee Retirement System for the employees then employee members participating in the Public Employee Employees Retirement SystemSystem on the effective date of this Agreement. Such Employer "pick up" or payment of the employee member monthly contributions to the system System shall continue for the life of this Agreement. Payment of the employee contribution shall also be applicable to employees who first began to participate in the system on and after September 1, 1979. The full amount of required employee contributions "picked up" or paid by the District pursuant to ORS 237.075 and ORS 238.205 Employer on behalf of employees pursuant to this Agreement shall be considered as "salary" within the meaning of ORS 237.003(8) and 238.005(20238.005(11) for the purpose purposes of computing an employeeemployee member's "final average salary" within the meaning of ORS 237.003(12) and ORS 238.005(8238.005(15) but shall not be considered as "salary" for the purposes of determining the amount of employee contribution contributions required to be contributed pursuant to ORS 237.071 or ORS 238.200(1)238.200. Such Employer "picked up" or paid employee contribution contributions shall be credited to the employee accounts pursuant to ORS 237.071(2) and ORS 238.200(2) and shall be considered to be employee contributions for the purposes of ORS 237.001 to 237.320 and 238.005 to238.750. If, by reason of a change in law, valid ballot measure, constitutional amendment, or a final, non-appealable judgment from a court of competent jurisdiction, the like renumbered statutes under ORS 238. The amount of an employee contribution to Employer must discontinue the individual account program that is paid by the employer and is not deducted from the compensation 6% “pickup” of the employee’s contributions to the PERS Fund, the Employer shall increase by 6% the base salary rates for each classification in the salary schedules. This transition shall be done in a manner to assume continuous payment of either the 6% pickup or a 6% salary increase. For the reasons indicated above, or by mutual agreement, should the State cease paying the 6% pickup and provide a salary increase for eligible bargaining unit employees during the term of the Agreement, bargaining unit employees’ 6% contributions to their PERS accounts shall be treated as provided under Section 34(1) and (2)(b) of House Xxxx 2020 (2003) shall not be considered as "salary" for purpose of computing an employee's "final average salary" within the meaning of House Xxxx 2020 Section 10 (2003) nor shall it be considered as "salary" for purposes of determining the amount of employee contribution required to be contributed “pre-tax” contributions pursuant to Internal Revenue Service Code, Section 32 of House Xxxx 2020 (2003). Such paid employee contributions shall be credited to the employee individual account program pursuant to Section 32 of House Xxxx 2020 (2003) and shall be considered an employee contribution for the purpose of Section 34 of House Xxxx 2020 (2003414(h)(2).