Common use of Required Employee Contribution Clause in Contracts

Required Employee Contribution. Members covered by this section 7.11.1 will contribute the employee contribution amount established by CalPERS for the 3.0% @ 60 Pension Formula. (The CalPERS required employee contribution amount was 8% as of the date of this MOU): In the event employee contribution rates are adjusted by CalPERS during the term of this MOU, any increased employee contribution above 8% will be paid by employees when the CalPERS increase is effective.

Appears in 3 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

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Required Employee Contribution. Members covered by this section 7.11.1 7.11.3 will contribute the employee contribution amount 50% of normal costs as established by CalPERS for the 3.02.0% @ 60 62 Pension Formula. (The CalPERS required employee contribution amount was 86.25% as of the date of this MOU): . In the event employee contribution rates are adjusted by CalPERS during the term of this MOU, any increased the employee contribution above 8% will be paid recalculated based upon the updated required employee contribution rate established by employees when the CalPERS increase is effectiveCalPERS.

Appears in 3 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

Required Employee Contribution. Members covered by this section 7.11.1 7.11.2 will contribute the employee contribution amount established by CalPERS for the 3.02.0% @ 60 Pension Formula. (The CalPERS required employee contribution amount was 87% as of the date of this MOU): In the event employee contribution rates are adjusted by CalPERS during the term of this MOU, any increased employee contribution above 87% will be paid by employees when the CalPERS increase is effective.

Appears in 3 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

Required Employee Contribution. Members covered by this section 7.11.1 7.9.2 will contribute the employee contribution amount established by CalPERS for the 3.02.0% @ 60 Pension Formula. (The CalPERS required employee contribution amount was 87% as of the date of this MOU): In the event employee contribution rates are adjusted by CalPERS during the term of this MOU, any increased employee contribution above 87% will be paid by employees when the CalPERS increase is effective.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

Required Employee Contribution. Members covered by this section 7.11.1 7.9.1 will contribute the employee contribution amount established by CalPERS for the 3.0% @ 60 Pension Formula. (The CalPERS required employee contribution amount was 8% as of the date of this MOU): .) In the event employee contribution rates are adjusted by CalPERS during the term of this MOU, any increased employee contribution above 8% will be paid by employees when the CalPERS increase is effective.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

Required Employee Contribution. Members covered by this section 7.11.1 7.9.1 will contribute the employee contribution amount established by CalPERS for the 3.0% @ 60 Pension Formula. (The CalPERS required employee contribution amount was 8% as of the date of this MOU): .) In the event employee contribution rates are adjusted by CalPERS XxxXXXX during the term of this MOU, any increased employee contribution above 8% will be paid by employees when the CalPERS increase is effective.

Appears in 1 contract

Samples: Memorandum of Understanding

Required Employee Contribution. Members covered by this section 7.11.1 7.9.3 will contribute the employee contribution amount 50% of normal costs as established by CalPERS for the 3.02.0% @ 60 62 Pension Formula. (The CalPERS required employee contribution amount was 86.25% as of the date of this MOU): . In the event employee contribution rates are adjusted by CalPERS during the term of this MOU, any increased the employee contribution above 8% will be paid recalculated based upon the updated required employee contribution rate established by employees when the CalPERS increase is effectiveCalPERS.

Appears in 1 contract

Samples: Memorandum of Understanding

Required Employee Contribution. Members covered by this section 7.11.1 will contribute the employee contribution amount established by CalPERS XxxXXXX for the 3.0% @ 60 Pension Formula. (The CalPERS required employee contribution amount was 8% as of the date of this MOU): In the event employee contribution rates are adjusted by CalPERS XxxXXXX during the term of this MOU, any increased employee contribution above 8% will be paid by employees when the CalPERS increase is effective.

Appears in 1 contract

Samples: Memorandum of Understanding

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Required Employee Contribution. Members covered by this section 7.11.1 7.9.3 will contribute the employee contribution amount 50% of normal costs as established by CalPERS for the 3.02.0% @ 60 62 Pension Formula. (The CalPERS required employee contribution amount was 86.75% as of the date of this MOU): . In the event employee contribution rates are adjusted by CalPERS during the term of this MOU, any increased the employee contribution above 8% will be paid recalculated based upon the updated required employee contribution rate established by employees when the CalPERS increase is effectiveCalPERS.

Appears in 1 contract

Samples: Memorandum of Understanding

Required Employee Contribution. Members covered by this section 7.11.1 7.9.3 will contribute the employee contribution amount 50% of normal costs as established by CalPERS for the 3.02.0% @ 60 62 Pension Formula. (The CalPERS required employee contribution amount was 86.25% as of the date of this MOU): . In the event employee contribution rates are adjusted by CalPERS XxxXXXX during the term of this MOU, any increased the employee contribution above 8% will be paid recalculated based upon the updated required employee contribution rate established by employees when the CalPERS increase is effectiveXxxXXXX.

Appears in 1 contract

Samples: Memorandum of Understanding

Required Employee Contribution. Members covered by this section 7.11.1 7.11.3 will contribute the employee contribution amount 50% of normal costs as established by CalPERS for the 3.02.0% @ 60 62 Pension Formula. (The CalPERS required employee contribution amount was 86.25% as of the date of this MOU): . In the event employee contribution rates are adjusted by CalPERS XxxXXXX during the term of this MOU, any increased the employee contribution above 8% will be paid recalculated based upon the updated required employee contribution rate established by employees when the CalPERS increase is effectiveXxxXXXX.

Appears in 1 contract

Samples: Memorandum of Understanding

Required Employee Contribution. Members covered by this section 7.11.1 7.9.2 will contribute the employee contribution amount established by CalPERS for the 3.02.0% @ 60 Pension Formula. (The CalPERS required employee contribution amount was 87% as of the date of this MOU): In the event employee contribution rates are adjusted by CalPERS XxxXXXX during the term of this MOU, any increased employee contribution above 87% will be paid by employees when the CalPERS increase is effective.

Appears in 1 contract

Samples: Memorandum of Understanding

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