BUY-BACK OF QUALIFYING STRS CREDIT BY PAYROLL DEDUCTION Sample Clauses

BUY-BACK OF QUALIFYING STRS CREDIT BY PAYROLL DEDUCTION. The Board will participate in the employee buy-back of qualifying STRS credit by payroll deduction. This process will be implemented in compliance with the provisions of Section 3307.281 of the Revised Code and State Teachers Retirement Board Rule 3307-1-28 and revisions to these rules. STRS deductions must be made on a monthly basis and are accounted for as "after-tax" contributions. Because of the monthly deduction requirement, only 26 pay employees in the district will be eligible to participate.
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs

Related to BUY-BACK OF QUALIFYING STRS CREDIT BY PAYROLL DEDUCTION

  • Payroll Deduction A. Membership dues of OCEA members in this Representation Unit and insurance premiums for such OCEA sponsored insurance programs as may be approved by the Board of Supervisors shall be deducted by the County from the pay warrants of such members. The County shall promptly transmit the dues and insurance premiums so deducted to OCEA.

  • Payroll Deductions An employee shall be entitled to have deductions from her salary assigned for the purchase of Canada Savings Bonds.

Time is Money Join Law Insider Premium to draft better contracts faster.