Common use of Retirement COLA Cost Clause in Contracts

Retirement COLA Cost. Employees hired on or after August 7, 2011 will pay fifty percent (50%) of the Retirement COLA cost as determined by SamCERA. COLA costs are included in the Plan 7 statutory rate. Effective July 5, 2015, all employees will pay fifty percent (50%) of the Retirement COLA cost as determined by SamCERA.

Retirement COLA Cost. Employees hired on or after August 7July 10, 2011 will pay fifty percent (50%) of the Retirement COLA cost as determined by SamCERA. COLA costs are included in the Plan 7 statutory rate. Employees in Retirement Plans 1, 2, and 4 will pay twenty five percent (25%) of the cost of retirement COLA, as determined by SamCERA, effective July 7, 2013 and thereafter. Effective July 53, 20152016, all employees will pay fifty percent (50%) of the Retirement COLA cost as determined by SamCERA. Effective June 21, 2015, employees will receive a one-half percent (.5%) salary increase to offset the additional employee payment toward retirement COLA.

Retirement COLA Cost. Employees hired on or after August 7, 2011 will pay up to fifty percent (50%) of the Retirement COLA cost as determined by SamCERA. Effective July 5, 2015, all employees will pay fifty percent (50%) of the Retirement COLA cost as determined by SamCERA. COLA costs are included in the Plan 7 statutory rate. Effective July 5In recognition of the additional employee contribution to retirement COLA, 2015effective the first full pay period following the ratification of the agreement, the salary ranges for all employees classifications in the bargaining unit will pay fifty increase by one percent (501%) of the Retirement COLA cost as determined by SamCERA).

Retirement COLA Cost. Employees hired on or after August 7, 2011 will pay fifty percent (50%) of the Retirement COLA cost as determined by SamCERA. COLA costs are included in the Plan 7 statutory rate. Effective July 5, 2015, all employees will pay fifty percent (50%) of the Retirement COLA cost as determined by SamCERA. Effective October 12, 2014, employees will receive a one percent (1%) salary increase to offset the additional employee payment toward retirement COLA.

Retirement COLA Cost. Employees hired on or after August 7, 2011 will pay fifty percent (50%) % of the Retirement COLA cost as determined by SamCERA. COLA costs are included in the Plan 7 statutory rate. Effective July 53, 20152016, all employees will pay fifty percent (50%) of the Retirement COLA cost as determined by SamCERA.

Retirement COLA Cost. Employees hired on or after August 7, 2011 will pay fifty percent (50%) % of the Retirement COLA cost as determined by SamCERA. COLA costs are included in the Plan 7 statutory rate. Effective July 53, 20152016, all employees will pay fifty percent (50%) of the Retirement COLA cost as determined by SamCERA. Effective July 5, 2015, employees will receive a one percent (1%) salary increase to offset the additional employee payment toward retirement COLA.