Common use of Retirement Contribution Clause in Contracts

Retirement Contribution. 1. The County will pay the employee's portion of the retirement contribution under the employer-pay contribution plan in the manner provided for by NRS Chapter 286. Any increase in the percentage rate of the retirement contribution above the rate set forth in NRS Chapter 286 on May 19, 1975, shall be borne equally by the County and the employee and shall be paid in the manner provided by NRS Chapter 286. Any decrease in the percentage rate of the retirement contribution will result in a corresponding increase to each employee's base pay equal to one-half (1/2) of the decrease. Any such increase in pay will be effective from the date the decrease in the percentage rate of the retirement contribution becomes effective. 2. The term "retirement contribution" does not include any payment for the purchase of previous credit service on behalf of any employee.

Retirement Contribution. 1. The County will pay the employee's portion of the retirement contribution under the employer-pay contribution plan in the manner provided for by NRS Chapter 286. Any increase in the percentage rate of the retirement contribution above the rate set forth in NRS Chapter 286 on May 19, 1975, shall be borne equally by the County and the employee and shall be paid in the manner provided by NRS Chapter 286. Any decrease in the percentage rate of the retirement contribution will result in a corresponding increase to each employee's base pay equal to one-one- half (1/2) of the decrease. Any such increase in pay will be effective from the date the decrease in the percentage rate of the retirement contribution becomes effective. 2. The term "retirement contribution" does not include any payment for the purchase of previous credit service on behalf of any employee.

Retirement Contribution. 1. The County will shall pay the employee's portion of the retirement contribution under the employer-pay contribution plan in the manner provided for by NRS Chapter 286. Any increase in the percentage rate of the retirement contribution above the rate set forth in NRS Chapter 286 on May 19, 1975, shall be borne equally by the County and the employee and shall be paid in the manner provided by NRS Chapter 286. Any decrease in the percentage rate of the retirement contribution will shall result in a corresponding increase to each employee's base pay equal to one-half (1/2) of the decrease. Any such increase in pay will shall be effective from the date the decrease in the percentage rate of the retirement contribution becomes effective. 2. The term "retirement contribution" does not include any payment for the purchase of previous credit service on behalf of any employee.

Retirement Contribution. 1. The County will pay the employee's ’s portion of the retirement contribution under the employer-pay contribution plan in the manner provided for by NRS Chapter 286. Any increase in the percentage rate of the retirement contribution above the rate set forth in NRS Chapter 286 on May 19, 1975, shall be borne equally by the County and the employee and shall be paid in the manner provided by NRS Chapter 286. Any decrease in the percentage rate of the retirement contribution will result in a corresponding increase to each employee's ’s base pay equal to one-half (1/2) of the decrease. Any such increase in pay will be effective from the date the decrease in the percentage rate of the retirement contribution becomes effective. 2. The term "“retirement contribution" ” does not include any payment for the purchase of previous credit service on behalf of any employee.

Retirement Contribution. 1. The County will shall pay the employee's ’s portion of the retirement contribution under the employer-pay contribution plan in the manner provided for by NRS Chapter 286. Any increase in the percentage rate of the retirement contribution above the rate set forth in NRS Chapter 286 on May 19, 1975, shall be borne equally by the County and the employee and shall be paid in the manner provided by NRS Chapter 286. Any decrease in the percentage rate of the retirement contribution will shall result in a corresponding increase to each employee's ’s base pay equal to one-half (1/2½) of the decrease. Any such increase in pay will shall be effective from the same date the decrease in the percentage rate of the retirement contribution becomes effective. 2. The term "“retirement contribution" ” does not include any payment for the purchase of previous credit service on behalf of any employee.