Common use of Required Employee Contribution Clause in Contracts

Required Employee Contribution. SCERA members covered by this section 11.6 will contribute the amount required by SCERA as employee contributions, and shall continue to pay an additional 3.03% of pay, pretax, to their employee retirement account. This 3.03% of pay contribution of the employee’s pensionable compensation shall be paid as part of the County’s contribution to pay for the unfunded accrued actuarial liability. This additional 3.03% contribution will continue until July 2024.

Required Employee Contribution. SCERA members covered by this section 11.6 26.4 will contribute the amount required by SCERA as employee contributions, and shall continue to pay an additional 3.03% of pay, pretax, to their employee retirement account. This 3.03% of pay contribution of the employee’s pensionable compensation shall be paid as part of the County’s contribution to pay for the unfunded accrued actuarial liability. This additional 3.03% contribution will continue until July 2024.

Required Employee Contribution. SCERA members covered by this section 11.6 26.2 will contribute the amount required by SCERA as employee contributions, and shall continue to pay an additional 3.033.00% of pay, pretax, to their employee retirement account. This 3.033.00% of pay contribution of the employee’s pensionable compensation shall be paid as part of the County’s contribution to pay for the unfunded accrued actuarial liability. This additional 3.033.00% contribution will continue until July 2024.

Required Employee Contribution. SCERA members covered by this section 11.6 Section 26.4 will contribute the amount required by SCERA as employee contributions, and shall continue to pay an additional 3.03% of pay, pretax, to their employee retirement account. This 3.03% of pay contribution of the employee’s pensionable compensation shall be paid as part is intended to defray the cost of the Countyretirement plan’s contribution to pay for the unfunded accrued actuarial liability. This additional 3.03% contribution will continue until July 2024unless modified by mutual agreement between the County and SCLEMA.

Required Employee Contribution. SCERA members covered by this section 11.6 Section 26.2 will contribute the amount required by SCERA as employee contributions, and shall continue to pay an additional 3.033.00% of pay, pretax, to their employee retirement account. This 3.033.00% of pay contribution of the employee’s pensionable compensation shall be paid as part is intended to defray the cost of the Countyretirement plan’s contribution to pay for the unfunded accrued actuarial liability. This additional 3.033.00% contribution will continue until July 2024unless modified by mutual agreement between the County and SCLEMA.

Required Employee Contribution. ‌ SCERA members covered by this section 11.6 Section 18.2 will contribute the amount required by SCERA as employee contributions, and shall continue to pay an additional 3.03% of pay, pretax, to their employee retirement account. This 3.03% of pay contribution of the employee’s pensionable compensation shall be paid as part of the County’s contribution to pay for the unfunded accrued actuarial liabilityliability resulting from past service. This additional 3.03Employees also shall pay a pretax statutory contribution of approximately 1.0% contribution will continue until July 2024or slightly more, contingent upon age of entry into the retirement system.

Required Employee Contribution. SCERA members covered by this section Section 11.6 will contribute the amount required by SCERA as employee contributions, and shall continue to pay an additional 3.03% of pay, pretax, to their employee retirement account. This 3.03% of pay contribution of the employee’s pensionable compensation shall be paid as part is intended to defray the cost of the Countyretirement plan’s contribution to pay for the unfunded accrued actuarial liability. This additional 3.03% contribution will continue until July 2024unless modified by mutual agreement between the County and SCPDIA.