REIMBURSEMENT OF EMPLOYEES’ PERS CONTRIBUTION Sample Clauses

REIMBURSEMENT OF EMPLOYEES’ PERS CONTRIBUTION. Effective no later than sixty (60) days following ratification of this Agreement the employees shall contribute one-half percent (.5%) of base pay towards the Employee’s Contribution to the Public Employees’ Retirement System (PERS) and the District shall discontinue that contribution. On January 1, 2014, the District shall discontinue the payment of an additional one-half percent (.5%) of base pay towards the Employee’s PERS contribution. Effective January 1 of each successive year of this Agreement, employees shall contribute an additional one percent (1%) of base pay, and the District shall discontinue the payment of one percent (1%) each year up to a maximum of four percent (4%). Employee PERS Contributions shall be made on the basis of PERSable income earned during the time periods described above. The District shall continue to pick up the remainder of employees’ contributions to PERS. During the life of this Agreement, earnings may accrue to the District by reason of a reduction of the District’s contribution to PERS. The District agrees that should the current rate of employee contribution to PERS increase during the term of this Collective Bargaining Agreement, the District shall include such rate increase in the affected pick up due to the subsequent rate increase. The parties agree that any additional cost to the District resulting from any increase in the percentage level of employee contributions occurring after November 1979 shall be borne by the District until the expiration of this Agreement. Each employee is solely and personally responsible for any federal, state or local tax liability of the employee that may arise out of receipt of said pick up by the District or any penalty that may be imposed therefore. The parties recognize that it may be contended that some of these payments were unlawful and that they could not have been made in the absence of an amendment to the District’s contract with PERS and recognize further that BART has not sought such an amendment. Should the District be required to reimburse PERS for back contributions related to these payments, BART’s pick up of employee PERS contributions will cease until an amount equivalent to the amount required to be reimbursed to PERS has been placed by BART in an escrow account pending mutual agreement by the parties as to alternative benefit(s). Such benefit(s) shall not increase BART’s aggregate direct or indirect payroll cost above the amount it would otherwise have incurred by...
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Related to REIMBURSEMENT OF EMPLOYEES’ PERS CONTRIBUTION

  • Amount of Employer Contribution The Employer Contribution amounts and rules in effect on June 30, 2017 will continue through December 31, 2017.

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  • Special Parental Allowance for Totally Disabled Employees (a) An employee who:

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  • Separation from Employment Employees who leave the District with a vacation balance shall have their vacation balance cashed out. If vacation is loaded on July 1st, the vacation balance shall be pro-rated prior to cash out.

  • Disabled Employees If an employee becomes disabled with the result that he is unable to carry out the regular functions of his position, the Hospital may establish a special classification and salary with the hope of providing an opportunity of continued employment.

  • Retroactive Pay for Terminated Employees An employee who has retired or severed his/her employment between the termination date of this Agreement and the effective date of the new Agreement shall receive the full retroactivity of any increase in wages, salaries or other benefits.

  • DEDUCTIONS FROM SALARY A. The Board agrees to deduct from teachers’ salaries membership dues and assessments for the Xxxxxx County Education Association, the Maryland State Teachers’ Association, and the National Education Association as said teachers individually and voluntarily authorize to deduct through an appropriate written authorization form prepared by the Association. The Board agrees to transmit such monies promptly to the Association.

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