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

Public Employees Retirement System (PERS. 1.4.1 Beginning with the pay period including July 1, 2012, employees defined as “Classic Members” shall pay the employees’ contribution toward their PERS retirement on a pre-taxed basis. The employees’ contribution is nine percent (9%) for safety members and eight percent (8%) for miscellaneous members. Employees defined as “New Members” shall pay a retirement contribution that is a percentage of salary in the amount of one-half of the County’s normal cost up to the amount allowed by statute.

Public Employees Retirement System (PERS. 1.4.1 1.5.1 Beginning with the pay period including July 1, 2012, employees defined as “Classic Members” shall pay the employees’ contribution toward their PERS retirement on a pre-taxed basis. The employees’ contribution is nine percent (9%) for safety members and eight percent (8%) for miscellaneous members. Employees defined as “New Members” Effective with the pay period including July 1, 2012, safety employees shall pay receive a retirement contribution that is a percentage salary increase of salary ninety-eight one hundreds of one (0.98) percent in the amount of one-half exchange for paying an additional one (1) percent of the County’s normal cost up to the amount allowed by statuteemployee contribution above that which miscellaneous employees pay.

Public Employees Retirement System (PERS. 1.4.1 Beginning with the pay period including July 1, 2012, employees 14.1.1 Employees defined as “Classic Members” shall pay the employees’ entire share of their contribution toward their to PERS retirement on a pre-taxed basis. The employees’ contribution is up to eight percent (8%) of salary for employees in the miscellaneous category and up to nine percent (9%) for safety members and eight percent (8%) for miscellaneous members. Employees defined as “New Members” shall pay a retirement contribution that is a percentage of salary for employees in the amount of one-half of the County’s normal cost up to the amount allowed by statutesafety category.