Public Employee Retirement System (PERS. The District will continue to deduct, by a payroll deduction the employees PERS contribution on behalf of all eligible classified employees.
22.6.1 Employees may return to work after a mid-year retirement according to the PERS/OPSRP guidelines based upon their individual Tier or plan enrollment eligibility. Employees are responsible to monitor and track their own hours, in consultation with their retirement advisor, to avoid a payback penalty to the pension program. Post-retirement hour limitation compliance is not the responsibility of the District. Employees are responsible for tracking their own hours if working after retirement.
Public Employee Retirement System (PERS. 1. The District increased all wages by six percent (6.0%) in 2020-2021 and no longer contributes the six percent (6%) PERS “pickup” of each bargaining unit member as defined by ORS Chapter 238 and 238A to the public employee retirement plan.
2. Employees shall assume and pay the six percent (6%) employee contribution/payment required by ORS 238A to PERS. The District shall follow IRS codes to allow a pre-tax deduction of the six percent (6%) employee contribution/payment.
Public Employee Retirement System (PERS. Benefits start immediately if a new employee is currently an active member of PERS. Membership is earned after 6 months of employment and a minimum of 600 consecutive hours. The District “picks-up” and assumes the employee’s PERS contribution and the District’s contribution each month and deposits into employees accounts with the State. xxx.xxxx.xxxxx.xx.xx
Public Employee Retirement System (PERS. 1. The NCESD shall pay the 6% employee contribution to PERS required by ORS 238.200. This amount shall be considered salary for the purposes of calculating an employee’s final average salary as defined in ORS 238.005.
2. The NCESD shall pay the 6% employee contribution to the IAP required by ORS 238A.330. This amount shall be considered salary for the purposes of calculating an employee’s final average salary as defined by 238A.005 and within the meaning of 238A.335 (2)(a).
Public Employee Retirement System (PERS. The District will continue to deduct, by a payroll deduction, the employees PERS contribution on behalf of all eligible classified employees.
22.6.1 Employees may return to work after a mid-year retirement according to the PERS/OPSRP guidelines based upon their individual Tier or plan enrollment eligibility. Employees are responsible to monitor and track their own hours, in consultation with their retirement advisor, to avoid a payback penalty to the pension program. Post-retirement hour limitation compliance is not the responsibility of the District. ORS statutory thresholds as of March 2018
Public Employee Retirement System (PERS. A. During the term of this Agreement, the District will participate in the public employee retirement plans established in ORS Chapter 238 and 238A that are; (1) in effect as of the execution date of this Agreement; and (2) as applicable to employees covered by this Agreement. Any changes in the public employee retirement plans which are enacted during the life of this Agreement by statute or administrative rule will apply to employees covered by those plans.
B. The District does not agree to provide employees with any particular level or type of retirement benefit, but only to participate in the public employee retirement plans and make contributions as required by law.
C. The District will contribute 6% of each employee’s salary as defined by ORS Chapter 238 and/or 238A to the public employee retirement plan through the duration of this Agreement.
D. To the extent allowed by law, retiring employees will receive credit for unused sick leave for the purpose of calculating final average salary for PERS retirement benefits. As required by PERS, employees retiring from PERS will be paid all earnings through their last PERS working day, including unused accrued and earned vacation leave pay. Employees will receive the above pay on the regular payday of the month of their last PERS working day.
Public Employee Retirement System (PERS. A. During the term of the Agreement, the District will participate in the public employee retirement plans established in ORS Chapter 238 and ORS 238A that are; (1) in effect as of the execution date of this Agreement; and (2) as applicable to employees covered by this Agreement. Any changes in the public employee retirement plans which are enacted during the life of this Agreement by statue or administrative rule will apply to employees covered by those plans.
B. The District does not agree to provide employees any particular level or type of retirement benefit, but only to participate in the public employee retirement plans and make contributions as required by law. Roseburg Public Schools 2019-2020 Classified Agreement
C. The District will contribute 6% of each employee’s salary as defined by ORS Chapter 238 and/or 238A to the public employee retirement plan through the duration of this contract.
D. To the extent allowed by law, retiring employees will receive credit for unused sick leave for the purpose of calculating final average salary for PERS retirement benefits. As required by PERS, employees retiring from PERS will be paid all earnings through their last PERS working day, including unused accrued and earned vacation leave pay. Employees will receive the above pay on the regular payday of the month of their last PERS working day. As allowed by PERS and the District, employees may continue to work for the District for up to one year immediately following their PERS retirement. Twelve-month employees in this situation will not earn or accrue vacation leave during this time. Because of the PERS work-hour limitation, employees working retired will generally do so during one fiscal year.
Public Employee Retirement System (PERS. The City shall maintain its contract with the California Employees Public Retirement System (PERS) that provides VFA unit employees with the three percent (3%) at 50 safety retirement benefit plan. As a result of the passage of AB 340 Public Employee Pension Reform (PEPRA), new CalPERS members hired on or after January 1, 2013 who meet the definition of new member under XXXXX, shall be provided a 2.7% at 57 PERS retirement benefit plan. Unit employees hired before July 1, 2014 shall be responsible for paying their PERS nine percent (9%) employee's contribution. Unit employees hired on or after July 1, 2014 shall be responsible for paying their PERS employee’s contribution.
Public Employee Retirement System (PERS. The District will increase all wages by 6.9% in 2019-2020 and no longer contribute the six percent (6%) PERS "pickup" of each bargaining unit member as defined by ORS Chapter 238 and 238A to the public employee retirement plan. Employees shall assume and pay the six percent (6%) employee contribution/payment required by ORS 238A to PERS. The District shall follow IRS codes to allow a pre-tax deduction of the six percent (6%) employee contribution/payment required by ORS 238. Such deduction shall be made from each employee’s pre-tax gross wages.
A. During the term of this Agreement, the District will participate in the public employee retirement plans as required by ORS Chapter 238 and 238A that are:
1. in effect, as of the execution date of this Agreement; and
2. as applicable to the employees in the bargaining unit.
B. Any changes in the public employee retirement plans which are enacted during the life of this agreement by statute or administrative rule will apply to the employees covered by those plans.
C. To the extent allowed by law, retiring employees will receive credit for unused sick leave for the purpose of calculating final average salary for PERS benefits.
D. The District does not agree to provide employees any particular level or type of retirement benefits, but only to participate in the public employee retirement plans and make contributions as required by law.
E. Should legislative action result in a reduction to an employee’s individual PERS benefits be implemented prior to June 30, 2022, the Association and District will reopen bargaining to discuss ways to address member impact on the loss of retirement benefits.
