Common use of Safety Classifications Clause in Contracts

Safety Classifications. Employees determined to be classic members by CalPERS pay the nine percent (9%) employee share of pension funding. Employees determined to be new members by CalPERS pay one-half of the normal cost of their pension. Classic member employees and new member employees will also pay on a pre-tax basis to the extent allowed by law three percent (3%) of pensionable compensation to help fund the employers’ share of the CalPERS pension. The parties will discuss impacts of any decision by the State or Federal Government, which prohibits employees from making any of these payments on a pre-tax basis.