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

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. 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 XXCR, XxxxxxJuneau, Xxxxxx 00000Alaska 99811.