Common use of PERS Pickup Clause in Contracts

PERS Pickup. The College shall not withhold from the members' monthly salaries the employee contributions required by ORS 238.205, and shall "pick-up," assume, and pay the required employee contribution to the Public Employees Retirement System (PERS). The full amount of required employee contributions "picked-up" and paid pursuant to this Section shall be considered as "salary" within the meaning of ORS 238.205(2) with respect to PERS for the purposes of computing an employee member's "final average salary" within the meaning of ORS 238.205(3), but shall not be considered as "salary" for the purpose of determining the amount of employee contribution required to be contributed pursuant to ORS 238.205(3) in PERS and shall be considered to be employee contributions for purposes of ORS 238.005 to 238.320.

PERS Pickup. The College shall not withhold from the members' monthly salaries the employee contributions required by ORS 238.205, and shall "pick-uppick­up," assume, and pay the required employee contribution to the Public Employees Retirement System (PERS). The full amount of required employee contributions "picked-uppicked­up" and paid pursuant to this Section shall be considered as "salary" within the meaning of ORS 238.205(2) with respect to PERS for the purposes of computing an employee member's "final average salary" within the meaning of ORS 238.205(3), but shall not be considered as "salary" for the purpose of determining the amount of employee contribution required to be contributed pursuant to ORS 238.205(3) in 238.205(3)in PERS and shall be considered to be employee contributions for purposes of ORS 238.005 238.001 to 238.320.