Treatment of Employees' PERS Contribution Sample Clauses

Treatment of Employees' PERS Contribution. (A) Employees Hired Before January 1, 2013 The provisions described in this Section A apply only to CalPERS eligible employee hired before January 1, 2013, or to an eligible employee hired after that date who qualifies for pension reciprocity pursuant to Government Code Section 7522.02 (c). Referred to as CalPERS “Classic Members.” As long as the annual Employer Contribution Rate required by PERS for the fiscal year beginning July 1, 2014 is at least thirty percent (30.00%), and as authorized by Government Code Section 20516 (Optional Benefits, Cost Sharing), “Classic” bargaining unit members shall be responsible for payment of the nine percent (9%) employee retirement contribution plus an additional six percent (6%) of their salaries (for a total of 15%) to the California Public Employees’ Retirement System (CalPERS) as payment of the City’s employer contributions that the City would otherwise be required to pay to CalPERS for these employees. Said contribution shall be credited to each member’s account as a normal contribution.
Sample 1
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Treatment of Employees' PERS Contribution. Concurrent with the 9% salary adjustment, effective October 31, 1994 which is reflected above, the City will cease making payment to the Public Employees’ Retirement System (PERS) the nine percent (9%) employee rate required by PERS and members shall assume responsibility for payment of the employee retirement contribution to PERS for any and all earnings subject to payment of an employee retirement contribution. The City shall implement Section 414(h)(2) of the Internal Revenue Code and shall designate the employee contribution to PERS as an Employer Pickup as defined under the provisions of that code. The City will not treat these contributions as compensation subject to income tax withholding unless the Internal Revenue Service or the Franchise Tax Board indicates that such contributions are taxable income subject to withholding. Each employee shall be solely and personally responsible for any federal, state, or local tax liability of the employee that may arise out of the implementation of this section or any penalty that may be imposed therefore.
Sample 1

Related to Treatment of Employees' PERS Contribution

  • Disabled Employees If an employee becomes disabled with the result that he is unable to carry out the regular functions of his position, the Hospital may establish a special classification and salary with the hope of providing an opportunity of continued employment.

  • Special Maternity Allowance for Totally Disabled Employees (a) An employee who:

  • Employer Compensation Upon Separation An Employee, upon her separation from employment, shall compensate the Employer for vacation which was taken but to which she was not entitled.

  • Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

  • Amount of Employer Contribution The Employer Contribution amounts and rules in effect on June 30, 2017 will continue through December 31, 2017.

  • Definition of Employees A. Full-time employee is defined as a person employed in a position that is scheduled for forty (40) hours per week.

  • CLASSIFICATION OF EMPLOYEES Section 1. A full-time employee shall be deemed to be any employee regularly scheduled to work forty (40) hours per week. A regular employee is one whose employment is reasonably expected to continue for longer than fifteen (15) months.

  • Notification of Employees A. Written notice of layoff shall be given to an employee or sent by mail to the last known mailing address at least fourteen (14) calendar days prior to the effective date of the layoff. Notices of layoff shall be served on employees personally at work whenever practicable.

  • Special Parental Allowance for Totally Disabled Employees (a) An employee who:

  • EVALUATION OF EMPLOYEES Section 1. Performance evaluations are designed to serve the needs of both the employee and Employer. An organized program for employee performance evaluation will:

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