Common use of Public Employee Retirement System (PERS Clause in Contracts

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.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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Public Employee Retirement System (PERS. 1. The District will increase increased all wages by six percent (6.0% %) in 20212020-2022 2021 and no longer contribute contributes the six percent (6%) PERS "β€œpickup" ” 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.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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