MEMORANDUM OF UNDERSTANDING
Effective October 29, 2005, hourly employees in the PERS Miscellaneous plan will pay a contribution for retirement according to the following formula: 1. While the PERS Miscellaneous plan employer rate is exactly equal to 20.164%, the employee shall pay 7.162% of the 8% required employee contribution, and the City will pay the remaining .838% ... ................
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