Common use of Retirement Public Employees Retirement System Clause in Contracts

Retirement Public Employees Retirement System. The CITY shall enroll ROSE in the Public Employees' Retirement System (PERS) 2% at fifty-five plan. Effective 10/01/2013, CITY will pay on behalf of 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, ROSE 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 ROSE the "employer's share" of the PERS costs and 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. ROSE's PERS contributions shall be paid through bi-weekly pre-taxed payroll deductions. In the event the CITY voluntarily joins or is required by law to join the Federal Social Security System, ROSE shall be treated in the same manner as all City employees. Should the PERS plan be amended by the City Council in the future, ROSE would be automatically entitled to receive such benefits as are provided to other non-represented , Department Head level employees of the CITY.

Appears in 1 contract

Samples: Employm Ent Contract

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Retirement Public Employees Retirement System. The CITY shall enroll ROSE 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 ROSE 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, ROSE XXXX 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 ROSE XXXX the "employer's share" of the PERS costs and ROSE 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. ROSE's XXXX'x PERS contributions shall be paid through bi-weekly pre-taxed payroll deductions. In the event the CITY voluntarily voluntari ly joins or is required by law to join the Federal Social Security System, ROSE XXXX shall be treated in the same manner as all City employeesemployees . Should the PERS plan be amended by the City Council in the future, ROSE XXXX would be automatically entitled to receive such benefits as are provided to other non-represented , Department Head level employees of the CITYbenefits.

Appears in 1 contract

Samples: Employment Contract

Retirement Public Employees Retirement System. The CITY shall enroll ROSE .enroll XXXXXXXXX in the Public EmployeesEmployees ' Retirement System (PERS) 2% at fifty-five plan. Effective 10/01/2013, CITY will pay on behalf of ROSE 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, ROSE XXXXXXXXX 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 ROSE XXXXXXXXX the "employer's share" of the PERS costs and ROSE 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 . ROSE's XXXXXXXXX'x PERS contributions shall be paid through bi-weekly pre-taxed payroll deductions. In the event the CITY voluntarily joins or is required by law to join the Federal Social Security System, ROSE XXXXXXXXX shall be treated in the same manner as all City employeesemployees . Should the PERS plan be amended by the City Council in the future, ROSE XXXXXXXXX would be automatically entitled to receive such benefits as are provided to other non-represented , Department Head level employees of the CITYbenefits.

Appears in 1 contract

Samples: Employment Contract

Retirement Public Employees Retirement System. The CITY shall enroll ROSE XXXXXX in the Public Employees' Retirement System (PERS) 2% at fifty-five plan. Effective 10/01/2013, CITY will pay on behalf of ROSE 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, ROSE 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 deductions. Effective 10/01/2014 10/01/2014, CITY will pay on behalf of ROSE XXXXXX the "employer's share" of the PERS costs and ROSE 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. ROSE's XXXXXX'x PERS contributions shall be paid through bi-weekly pre-taxed payroll deductionsdeductions . In the event the CITY voluntarily joins or is required by law to join joi n the Federal Social Security SystemSystem , ROSE 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, ROSE XXXXXX would be automatically entitled to receive such benefits as are provided to other non-represented , Department Head level employees of the CITYbenefits.

Appears in 1 contract

Samples: Employm Ent Contract

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

Appears in 1 contract

Samples: Employm Ent Contract

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

Appears in 1 contract

Samples: Employm Ent Contract

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