PERS Cost Sharing Sample Clauses

PERS Cost Sharing. 1. Effective August 1, 2011, unit employees agree to contribute one and one-half percent (1.5%) of their salary per year and each fiscal year thereafter to the employer PERS contribution rate. 2. Effective September 1, 2013, unit employees agree to contribute an additional one and one-half percent (1.5%) of their salary per year and each fiscal year thereafter to the employer PERS contribution rate, for a total unit employee contribution of three percent (3%). 3. Effective July 1, 2016, unit employees agree to contribute an additional one percent (1%) of their salary per year and each fiscal year thereafter to the employer PERS contribution rate, for a total unit employee contribution of four percent (4%).
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PERS Cost Sharing. In the event that the employer Public Employees Retirement System (PERS) contribution rate set forth in Section XXVIII. Subsection B. established (by PERS) for the category of public safety employees (Police and Fire) of the City of Glendale exceeds four percent (4%) of salary set forth in Section XXVIII. Subsection D., the City and unit employees agree that the City and the unit public safety employees shall pay equal amounts (50/50) of any employer PERS contribution rate in excess of four percent (4%) of salary.
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PERS Cost Sharing. 1. In the event that the employer Public Employees Retirement System (PERS) contribution rate set forth in Section XXVI,- B, established (by PERS) for the category of public safety employees (Police and Fire) of the City of Glendale exceeds 4% of salary, the City and unit employees agree that the City and the unit public safety employees shall pay equal amounts (50/50) of any employer PERS contribution rate in excess of 4% of salary . 2. The maximum amount a unit employee will pay is not to exceed 1.5% of “PERSable” salary annually through December 31, 2010. 3. Effective January 1, 2011, the maximum amount a unit employee will pay is not to exceed 2.0% of “PERSable” salary annually during the life of the benefit.
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PERS Cost Sharing. Employees in the bargaining unit pay three percent (3%) as an additional pension contribution as cost sharing in accordance with Government Code section 20516(f). If, at any time in the future, the Union informs the City that it no longer agrees to this cost sharing agreement, effective on the date of the elimination of the cost sharing (which would need to coincide with the expiration date of the MOU) the employees’ base salary would be reduced by three percent (3%). The parties agree that in conducting a salary or compensation survey, the employees’ contribution to their member contribution and the additional contribution for cost sharing will be deducted from their total compensation and from the total compensation of the other survey agencies.
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PERS Cost Sharing. In the event that the employer Public Employees Retirement System (PERS) contribution rate set forth in Section XXVII. Subsection B. established (by PERS) for the category of public safety employees (Police and Fire) of the City of Glendale exceeds four percent (4%) of salary set forth in Section XXVII. Subsection D., the City and unit employees agree that the City and the unit public safety employees shall pay equal amounts (50/50) of any employer PERS contribution rate in excess of four percent (4%) of salary. The maximum amount a unit employee will pay is not to exceed 3.5% of ”PERSable” salary annually.
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PERS Cost Sharing. 1. In the event that the employer Public Employees Retirement System (PERS) contribution rate set forth in Section XXV (B), established (by PERS) for the category of public safety employees (Police and Fire) of the City of Glendale exceeds 4% of salary, the City and unit employees agree that the City and the unit public safety employees shall pay equal amounts (50/50) of any employer PERS contribution rate in excess of 4% of salary. 2. The maximum amount a unit employee will pay is not to exceed 1.5% of “PERSable” salary annually through December 31, 2010. 3. Effective January 1, 2011, the maximum amount a unit employee will pay is not to exceed 2.0% of “PERSable” salary annually through December 31, 2012. 4. Effective January 1, 2013, the maximum amount a unit employee will pay is not to exceed 2.25% of “PERSable” salary annually through December 31, 2013. 5. Effective January 1, 2014, the maximum amount a unit employee will pay is not to exceed 3.0% of “PERSable” salary annually through December 31, 2014. 6. Effective January 1, 2015, the maximum amount a unit employee will pay is not to exceed 3.5% of “PERSable” salary annually through August 31, 2015. 7. Effective September 1, 2015 a. Classic CalPERS Members (Tier I: 3% at 50 and Tier II: 3% at 55): the maximum amount a unit employee will pay is not to exceed 3.75% of “PERSable” salary annually through June 30, 2017. b. PEPRA CalPERS Members (hired on or after January 1, 2013): the maximum amount a unit employee will pay is not to exceed 3.5% of “PERSable” salary annually during the life of this benefit. 8. Effective July 1, 2017 a. Classic CalPERS Members (Tier I: 3% at 50 and Tier II: 3% at 55): the maximum amount a unit employee will pay is not to exceed 4.0% of “PERSable” salary annually through the life of this benefit. b. PEPRA CalPERS Members (hired on or after January 1, 2013): the maximum amount a unit employee will pay is not to exceed 3.5% of “PERSable” salary annually during the life of this benefit. 9. Effective July 1, 2020 a. Classic CalPERS Members (Tier I: 3% at 50 and Tier II: 3% at 55): the maximum amount a unit employee will pay is not to exceed 4.5% of “PERSable” salary annually through the life of this benefit. b. PEPRA CalPERS Members (hired on or after January 1, 2013): the maximum amount a unit employee will pay is not to exceed 3.5% of “PERSable” salary annually during the life of this benefit. 10. The following charts illustrates the cost-sharing agreement between the City an...
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PERS Cost Sharing. 1. Effective August 1, 2011, unit employees agree to contribute one and one-half percent (1.5%) of their salary per year and each fiscal year thereafter to the employer PERS contribution rate. 2. Effective September 1, 2013, unit employees agree to contribute an additional one and one-half percent (1.5%) of their salary per year and each fiscal year thereafter to the employer PERS contribution rate, for a total unit employee contribution of three percent (3%). 3. Effective July 1, 2016, unit employees agree to contribute an additional one percent (1%) of their salary per year and each fiscal year thereafter to the employer PERS contribution rate, for a total unit employee contribution of four percent (4%). 4. As set forth in Article Two, Section III, effective the first day of the pay period that includes January 1, 2022, the unit employee contribution to the employer PERS contribution rate shall decrease by one percent (1%), for a total unit employee contribution of three percent (3%). 5. As set forth in Article Two, Section III, effective the first day of the pay period that includes July 1, 2023, the unit employee contribution to the employer PERS contribution rate shall decrease by one-half percent (0.5%), for a total unit employee contribution of two and one-half percent (2.5%).
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PERS Cost Sharing. Employees in the bargaining unit pay one-­‐half of one percent (.5%) as an additional pension contribution as cost sharing in accordance with Government Code section 20516(f). Effective with the pay period which begins on January 1, 2016, employees in the bargaining unit are responsible for paying an additional pension contribution of two and one half percent (2.5%) for a total of three percent (3%) as cost sharing in accordance with Government Code section 20516(f). If, at any time in the future, the Union informs the City that it no longer agrees to this cost sharing agreement, effective on the date of the elimination of the cost sharing (which would need to coincide with the expiration date of the MOU) the employees’ base salary would be reduced by three percent (3%).
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Related to PERS Cost Sharing

  • Cost Sharing a) With respect to the funding in C6.1a), should there be an amount of employee co-pay, the Trust shall advise boards what that amount shall be. Unless advised otherwise, there will be no deductions upon the Participation Date. b) Any further cost sharing or funding arrangements as per previous local collective agreements in effect as of August 31, 2014 remain status quo.

  • Training Costs All costs and expenses incurred by the Contractor in the training of its employees engaged in Petroleum Operations, and such other training as is required by this Agreement.

  • Start-Up Costs The Government of Ontario will provide:

  • Seller’s Costs In connection with the sale of the Property contemplated under this Contract, Seller shall be responsible for all transfer and recordation taxes, including, without limitation, all transfer, mansion, excise, sales, use or bulk transfer taxes or like taxes on or in connection with the transfer of the Real Property and the Personal Property constituting part of the Property pursuant to the ▇▇▇▇ of Sale, and all accrued taxes of Seller prior to Closing and income, sales and use taxes and other such taxes of Seller attributable to the sale of the Property to Buyer. Seller shall be responsible for all costs related to the termination of the Existing Management Agreement as provided in Article V. Seller shall also be responsible for any costs and expenses of its attorneys, accountants, appraisers and other professionals, consultants and representatives. Seller shall also be responsible for payment of all prepayment penalties and other amounts payable in connection with the pay-off of any liens and/or indebtedness encumbering all or any portion of the Property.

  • Direct Charges To the extent Cash-based Expenses are incurred by the Contractor, the Contractor shall be reimbursed for reasonable and necessary actual direct costs incurred (e.g., equipment, supplies, travel and other costs directly associated with the performance of the Agreement) to the extent required in the performance of the Work and to the extent such costs are anticipated in the Budget. Travel, lodging, meals and incidental expenses shall be reimbursed for reasonable and necessary costs incurred. Costs shall not exceed the daily per diem rates published in the Federal Travel Regulations. Reimbursement for the use of personal vehicles shall be limited to the Internal Revenue Service business standard mileage rate in effect at the time the expense was incurred.