Common use of PENSION PROGRAM Clause in Contracts

PENSION PROGRAM. Full time bargaining unit employees shall be eligible to participate in the Town of Fairfield Employees Retirement System Pension Plan, consistent with its terms and qualifications. Pursuant to Section 2.5 of the Town Employee Retirement System Pension Plan, employees annual contribution shall be 2% of the first $7800 earned, and 5% of annual earnings in excess of $7800.

PENSION PROGRAM. Full Full-time bargaining unit employees shall be eligible to participate in the Town of Fairfield Employees Retirement System Pension Plan, consistent with its terms and qualifications. Pursuant to Section 2.5 of the Town Employee Retirement System Pension Plan, employees annual contribution shall be 2% of the first $7800 earned, and 5% of annual earnings in excess of $7800.