Laserfiche WebLink
8. The Parties agree that the Public Employees Retirement Association (PERA) interprets <br />Employer contributions to the Central Pension Fund as being included in determining <br />"salary" for the purposes of the public pension. <br />9. The parties agree to abide by the terms and conditions of the Restated Agreement and <br />Declaration of Trust and the Plan of Benefits of the Central Pension Fund. <br />10. Effective January 1, 2022, the contribution rate equals $2.40 per straight time hour <br />compensated. <br />11. Members, by majority vote, may change the contribution rate at any time during the life <br />of the Collective Bargaining Agreement. The Union and Employer will work together to <br />implement member approved changes as soon as is practicable. <br />15 <br />