Public Employees Retirement System (PERS. The District shall "pick-up" the bargaining unit members' portion of PERS during the term of this contract, not to exceed 6% of the bargaining unit member's regular and extra duty salary.
Public Employees Retirement System (PERS. Employee Contribution to PERS shall be paid by the District, in accordance with Oregon Revised Statutes, for the duration of this Agreement.
Public Employees Retirement System (PERS. The following applies to those employees who were employed by the Air District on or before December 31, 2012 and to those employees who are otherwise eligible as ‘classic members’ as defined by CalPERS: 2% at 55 FULL RETIREMENT FORMULA: The District amended the PERS contract to implement the “2.0% at age 55 formula” effective July 22, 2002. Employees who began CalPERS membership at the Air District or another qualifying CalPERS agency on or after January 1, 2013 shall participate in the 2% at 62 FULL RETIREMENT FORMULA. In the event that any part of PEPRA which affects benefits described herein is amended or otherwise voided by action of the legislature, electorate or court of law, the parties shall immediately reopen negotiations concerning such provisions and shall bargain this provision in accordance with MMBA requirements.
1. PICK-UP OF
Public Employees Retirement System (PERS. The County agrees to pay the PERS contribution, including the employer's portion and the employee's portion, in full, for all employees of the bargaining unit. The County agrees to pay any future increases required to be paid by the County as determined by the Legislature or the PERS Board.
Public Employees Retirement System (PERS. For each of the categories below, annual maximum compensation/contribution limits may apply. To the extent permitted by the Public Employees’ Retirement Law and applicable State and Federal tax laws, employee contributions shall be made on a pre-tax basis.
Public Employees Retirement System (PERS rate increases/decreases on and after July 1, 2016 will be split equally between the City and the employee. The Salary Table and the salary of each employee shall be considered automatically decreased by one-half (1/2) of any PERS increase and increased by one-half (1/2) of any PERS decrease.
Public Employees Retirement System (PERS. Eligible employees are offered a Public Employees' Retirement System (PERS) program in accordance with State law. SECTION 600 EMPLOYMENT AND WORKING CONDITIONS 601 EMPLOYEES
601.1 Full-time Employee Definition
Public Employees Retirement System (PERS. All regular full-time and eligible regular part-time employees assigned to a regularly scheduled position of three (3) hours or more per day and fifteen (15) or more hours per week are required to participate in a Public Employee's Retirement System (PERS) program toward which both the District and the employee must contribute. Employee contributions are made through regular payroll deductions. Participation in the State of Alaska retirement program is mandatory for all eligible District employees. Participation and benefits shall be subject to the terms and conditions established by PERS. Upon termination, any participant who does not achieve vested retirement status will be reimbursed his/her contribution, plus any interest that has accrued upon proper application to the State of Alaska Public Employees' Retirement System. For reports on retirement status and payments, inquiries should be addressed to: Department of Administration, Public Employees' Retirement System, Pouch XX, Xxxxxx, Xxxxxx 00000.
Public Employees Retirement System (PERS. The City of Cotati is a member of the Public Employees Retirement System (PERS). All permanent or probationary, full-time employees are required to become members. Permanent part- time employees are required to become members if they work more than one thousand (1,000) hours in any fiscal year.
Public Employees Retirement System (PERS. Tier 1: For employees hired before October 24, 2011, the City shall provide the Local Miscellaneous Members Section 21354.5 two and seven-tenths percent (2.7%) at age fifty-five (55) retirement formula, and the Public Safety members Section 21362.2 three percent (3%) at age fifty (50) retirement formula. Final compensation is calculated based on the single highest year in accordance with Government Code Section 20042. Tier 2: - Retirement benefits for employees hired on or after October 24, 2011, and do not meet the definition of “new member” as set forth in Government Code Section 7522.02(f), shall be those established by the Public Employees’ Retirement System (PERS) for Local Miscellaneous Members two percent (2%) at sixty (60) formula retirement plan in accordance with Government Code Section 21353, and for Safety Members three percent (3%) at Age Fifty-Five (55) formula retirement plan in accordance with Government Code Section 21363.1. Final compensation is calculated based on the average of three years of employment in accordance with Government Code Section 20037. Tier 3: - For employees hired on or after January 1, 2013 and meet the definition of “new member” as set forth in Government Code Section 7522.02(f) the City will provide the CalPERS two percent (2%) at age sixty-two (62) formula retirement plan for Local Miscellaneous Members, and two and seven-tenths percent (2.7%) at age fifty-seven (57) formula retirement plan for Local Safety members in accordance with Government Code Section 7522.20. Final compensation is calculated based on the average of three years of employment, in accordance with Government Code Section 7522.32.
