Common use of Retirement Public Employees Retirement System Clause in Contracts

Retirement Public Employees Retirement System. The CITY shall enroll XXXXXX in the Public Employees' Retirement System (PERS) 2% at fifty-five plan. Effective 10/01/2013, CITY will pay on behalf of XXXXXX the "employer's share" of the PERS costs and three percent (3.0%) of the "employee's share" of the PERS costs. Effective 10/01/2013, XXXXXX shall pay the remaining four percent (4.0%) of the "employee's share" of PERS retirement costs through bi-weekly pre-taxed payroll deductions. Effective 10/01/2014 , CITY will pay on behalf of XXXXXX the "employer's share" of the PERS costs and XXXXXX shall pay an additional three percent (3.0%) of the "employee's share" of the PERS costs, which equates to the full seven percent (7.0%) "employee's share" of PERS retirement costs. XXXXXX'x PERS contributions shall be paid through bi-weekly pre-taxed payroll deductions. In the event the CITY voluntarily joi ns or is required by law to joi n the Federal Social Security System , XXXXXX shall be treated in the same manner as all City employees . Should the PERS plan be amended by the City Council in the future , XXXXXX would be automatically entitled to receive such benefits.

Appears in 1 contract

Samples: Employment Agreement

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Retirement Public Employees Retirement System. The CITY shall enroll XXXXXX in the Public Employees' Retirement System (PERS) 2% at fifty-five plan. Effective 10/01/2013, CITY will pay on behalf of XXXXXX the "employer's share" of the PERS costs and three percent (3.0%) of the "employee's share" of the PERS costs. Effective 10/01/2013, XXXXXX shall pay the remaining four percent (4.0%) of the "employee's share" of PERS retirement costs through bi-weekly pre-taxed payroll deductions. Effective 10/01/2014 10/01/2014, CITY will pay on behalf of XXXXXX the "employer's share" of the PERS costs and XXXXXX shall pay an additional three percent (3.0%) of the "employee's share" of the PERS costs, which equates to the full seven percent (7.0%) "employee's share" of PERS retirement costs. XXXXXX'x PERS contributions shall be paid through bi-weekly pre-taxed payroll deductionsdeductions . In the event the CITY voluntarily joi ns joins or is required by law to joi n the Federal Social Security System , XXXXXX shall be treated in the same manner as all City employees employees. Should the PERS plan be amended by the City Council in the future future, XXXXXX would be automatically entitled to receive such benefits.

Appears in 1 contract

Samples: Employment Agreement

Retirement Public Employees Retirement System. The CITY shall enroll XXXXXX XXXX in the Public Employees' Retirement System (PERS) 2% at fifty-five plan. Effective 10/01/201310/01/2013 , CITY will pay on behalf of XXXXXX XXXX the "employer's share" of the PERS costs and three percent (3.0%) of the "employee's share" of the PERS costs. Effective 10/01/2013, XXXXXX XXXX shall pay the remaining four percent (4.0%) of the "employee's share" of PERS retirement costs through bi-weekly pre-taxed payroll deductionsdeductions . Effective 10/01/2014 10/01/2014, CITY will pay on behalf of XXXXXX XXXX the "employer's share" of the PERS costs and XXXXXX XXXX shall pay an additional three percent (3.0%) of the "employee's share" of the PERS costs, which equates to the full seven percent (7.0%) "employee's share" of PERS retirement costs. XXXXXX'x XXXX'x PERS contributions shall be paid through bi-weekly pre-taxed payroll deductions. In the event the CITY voluntarily joi ns voluntari ly joins or is required by law to joi n join the Federal Social Security System System, XXXXXX XXXX shall be treated in the same manner as all City employees . Should the PERS plan be amended by the City Council in the future future, XXXXXX XXXX would be automatically entitled to receive such benefits.

Appears in 1 contract

Samples: Employment Agreement

Retirement Public Employees Retirement System. The CITY shall enroll XXXXXX ROSE in the Public Employees' Retirement System (PERS) 2% at fifty-five plan. Effective 10/01/2013, CITY will pay on behalf of XXXXXX ROSE the "employer's share" of the PERS costs and three percent (3.0%) of the "employee's share" of the PERS costs. Effective 10/01/2013, XXXXXX ROSE shall pay the remaining four percent (4.0%) of the "employee's share" of PERS retirement costs through bi-weekly pre-taxed payroll deductionsdeductions . Effective 10/01/2014 , CITY will pay on behalf of XXXXXX ROSE the "employer's share" of the PERS costs and XXXXXX ROSE shall pay an additional three percent (3.0%) of the "employee's share" of the PERS costs, which equates to the full seven percent (7.0%) "employee's share" of PERS retirement costs. XXXXXX'x ROSE's PERS contributions shall be paid through bi-weekly pre-taxed payroll deductions. In the event the CITY voluntarily joi ns joins or is required by law to joi n join the Federal Social Security System System, XXXXXX ROSE shall be treated in the same manner as all City employees employees. Should the PERS plan be amended by the City Council in the future future, XXXXXX ROSE would be automatically entitled to receive such benefitsbenefits as are provided to other non-represented , Department Head level employees of the CITY.

Appears in 1 contract

Samples: Employment Agreement

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Retirement Public Employees Retirement System. The CITY shall enroll XXXXXX XXXXX in the Public Employees' Retirement System (PERS) 2% at fifty-five plan. Effective 10/01/2013, CITY will pay on behalf of XXXXXX XXXXX the "employeremployer 's share" of the PERS costs and three percent (3.0%) of the "employee's share" of the PERS costs. Effective 10/01/2013, XXXXXX XXXXX shall pay the remaining four percent (4.0%) of the "employee's share" of PERS retirement costs through bi-weekly pre-taxed payroll deductions. Effective 10/01/2014 10/01/2014, CITY will pay on behalf of XXXXXX XXXXX the "employer's share" of the PERS costs and XXXXXX XXXXX shall pay an additional three percent (3.0%) of the "employee's share" of the PERS costs, which equates to the full seven percent (7.0%) "employee's share" of PERS retirement costs. XXXXXX'x XXXXX' PERS contributions shall be paid through bi-weekly pre-taxed payroll deductions. In the event the CITY voluntarily joi ns or is required by law to joi n the Federal Social Security System System, XXXXXX XXXXX shall be treated in the same manner as all City employees employees. Should the PERS plan be amended by the City Council in the future future, XXXXXX XXXXX would be automatically entitled to receive such benefits.

Appears in 1 contract

Samples: Employment Agreement

Retirement Public Employees Retirement System. The CITY shall enroll XXXXXX .enroll XXXXXXXXX in the Public EmployeesEmployees ' Retirement System (PERS) 2% at fifty-five plan. Effective 10/01/2013, CITY will pay on behalf of XXXXXX XXXXXXXXX the "employer's share" of the PERS costs and three percent (3.0%) of the "employee's share" of the PERS costs. Effective 10/01/2013, XXXXXX XXXXXXXXX shall pay the remaining four percent (4.0%) of the "employee's share" of PERS retirement costs through bi-weekly pre-taxed payroll deductionsdeductions . Effective 10/01/2014 10/01/2014, CITY will pay on behalf of XXXXXX XXXXXXXXX the "employer's share" of the PERS costs and XXXXXX XXXXXXXXX shall pay an additional three percent (3.0%) of the "employee's share" of the PERS costs, which equates to the full seven percent (7.0%) "employee's share" of PERS retirement costscosts . XXXXXX'x XXXXXXXXX'x PERS contributions shall be paid through bi-weekly pre-taxed payroll deductions. In the event the CITY voluntarily joi ns joins or is required by law to joi n join the Federal Social Security System System, XXXXXX XXXXXXXXX shall be treated in the same manner as all City employees . Should the PERS plan be amended by the City Council in the future future, XXXXXX XXXXXXXXX would be automatically entitled to receive such benefits.

Appears in 1 contract

Samples: Employment Agreement

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