Public Employee Retirement System (PERS Sample Clauses

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.
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Public Employee Retirement System (PERS. The District will increase all wages by 6.0% in 2021-2022 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.
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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
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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
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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.
Sample 1
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.
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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).
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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.
Sample 1
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.
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Related to Public Employee Retirement System (PERS

  • Public Employees Retirement System “PERS”) Members.

  • Retirement System The withdrawal of employee contributions made on or after January 1, 2014 may also be withdrawn but only on an actuarially neutral basis. The actuarial present value of the pension reduction shall be equal to the amount of accumulated member contributions withdrawn. The actuarial present value shall computed using the interest rate used in the annual actuarial valuation and the mortality table used in the annual actuarial valuation with a 50% unisex blend.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Pre-Retirement Leave An Employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to: (a) A special paid leave for a period equivalent to fifty percent (50%) of his/her accumulated sick leave credit, to be taken immediately prior to retirement; or (b) A special cash payment of an amount equivalent to the cash value of fifty percent (50%) of his/her accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her current rate of pay.

  • Shift Employees Employees who work rotating shift patterns or those who work qualifying shifts shall be entitled, on completion of 12 months employment on shift work, to up to an additional 5 days annual leave, based on the number of qualifying shifts worked. The entitlement will be calculated on the annual leave anniversary date. Qualifying shifts are defined as a shift which involves at least 2 hours work performed outside the hours of 8.00am to 5.00pm, excluding overtime. Number of qualifying shifts per annum Number of days additional leave per annum 121 or more 5 days 96 – 120 4 days 71 – 95 3 days 46 – 70 2 days 21 – 45 1 day

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Newly Hired Employees All employees hired to an insurance eligible position must make their benefit elections by their initial effective date of coverage as defined in this Article, Section 5C. Insurance eligible employees will automatically be enrolled in basic life coverage. If employees eligible for a full Employer Contribution do not choose a health plan administrator and a primary care clinic by their initial effective date, and do not waive medical coverage, they will be enrolled in a Benefit Level Two clinic (or Level One, if available) that meets established access standards in the health plan with the largest number of Benefit Level One and Two clinics in the county of the employee’s residence at the beginning of the insurance year. If an employee does not choose a health plan administrator and primary care clinic by their initial effective date, but was previously covered as a dependent immediately prior to their initial effective date, they will be defaulted to the plan administrator and primary care clinic in which they were previously enrolled.

  • Rehired Employees Amounts forfeited upon termination of employment because of the failure to meet the applicable vesting requirements shall not be reinstated or re-credited if an individual is subsequently rehired or re-employed by the School Corporation. However, if the board shall have approved a leave of absence of not more than one (1) fiscal year for an employee, such period of leave shall not result in forfeiture provided the employee shall promptly return to employment following the expiration of the period of leave.

  • Notification of Employees A. Written notice of layoff shall be given to an employee or sent by mail to the last known mailing address at least fourteen (14) calendar days prior to the effective date of the layoff. Notices of layoff shall be served on employees personally at work whenever practicable. B. It is the intent of the parties that the number of layoff notices initially issued shall be limited to the number of positions by which the work force is intended to be reduced. Additional notices shall be issued as other employees become subject to layoff as a result of employees exercising reduction rights under Section 5. C. The notice of layoff shall include the reason for the layoff, the proposed effective date of the layoff, the employee's hire date, the employee's layoff points, a list of classes in the employee's occupational series within the layoff unit, the employee's rights under Sections 5. and 6. and the right of the employee to advise the County of any objection to the content of the layoff notice prior to the proposed effective date of the layoff.

  • Excluded Employees Employees excluded from the bargaining unit who work for an Employer signatory to this Agreement may participate in any of the foregoing benefits under rules and regulations established by the Trustees. The trustees shall determine the contributions required for such benefits.

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