w88 online casino betting Employees' Retirement System (PERS)
Classified employees and some faculty members participate in w88 online casino betting Employees’ Retirement System (PERS) of Nevada. Classified employees must be employed at 50% or greater FTE to participate in this plan.
PERS of Nevada is a tax-qualified defined benefit plan created by the Legislature as an independent w88 online casino betting agency to provide a reasonable base income to qualified employees who have been employed by a w88 online casino betting employer and whose earning capacity has been removed or has been substantially reduced by age or disability. It was also created to make government employment attractive to qualified employees and to encourage them to remain in government service for such periods of time as to give employers and the people of the state the full benefit of the training and experience gained by the employees while employed in w88 online casino betting service.
Membership Eligibility & w88 online casino betting Types
- If you are a classified employee of the State of Nevada in a position considered to be half-time or more (according to the full-time work week of the employer), you must enroll in the w88 online casino betting Employees' Retirement System (PERS). Faculty members who are active PERS participants when they start a faculty contract must enroll in the w88 online casino betting Employees’ Retirement System (PERS).
- If a benefits-eligible employee was enrolled in w88 online casino betting previously and has not withdrawn his/her contributions, the employee must enroll in w88 online casino betting. Faculty who are a member of w88 online casino betting of Nevada must continue to participate in w88 online casino betting.
- The employee and the employer each make a contribution to w88 online casino betting. The contribution made by you is on an after-tax basis. The employee contribution to w88 online casino betting under this plan is 17.5% and the employer contribution is 17.5%.
- For Police/Fire Members, the employee/w88 online casino betting contribution is 25.75% each.
- If you terminate during the first five years of your employment and you take a refund of employee contributions, upon termination, it will close your account with w88 online casino betting and result in no future entitlement to a w88 online casino betting benefit.
- You may switch to w88 online casino betting (EPC) at any time, but you may only make this election once.
- Employee contributions remaining in your PERS account at your w88 online casino betting will result in your part of your income being non-taxable.
- w88 online casino betting may voluntarily choose to participate under the Employer Paid Contribution (EPC) plan at any time.
- Contributions made by the employer under Employer Paid Contribution (EPC) w88 online casino betting are not available for refund to you should you terminate your employment.
- Once you select the w88 online casino betting (EPC) plan, you cannot switch back to the Employee/Employer Contribution (EEC) paid plan.
- The employer makes the contribution to w88 online casino betting at a rate of 33.50% for Regular members and 50% for Police/Fire members.
- Your salary is multiplied by a factor to determine the pay rate and reflects the contributions made by the employer to w88 online casino betting. The current EPC factor is0.856530% for Regular members and.796000% for Police/Fire.
- The w88 online casino betting-paid option provides you with more take-home pay than the employee/w88 online casino betting option because of the tax treatment under each option.