Common use of Retirement Reporting Clause in Contracts

Retirement Reporting. 1) STRS/PERS - ExED will timely submit monthly the required information to the local county office of education or the designated 3rd party administrator. The retirement division at the county office of education will then forward the information to CalSTRS/CalPERS. Reports submitted will be based on employee and payroll data provided by the Client unless Client does not provide required data. If Client does not provide the required employee and payroll data, ExED will use its knowledge of the respective retirement program to report the necessary information but cannot guarantee it will comply with all retirement program requirements. ExED will coordinate remittance of STRS/PERS contributions with the county office of education accounting department via check, ACH or debit from Client’s apportionment account.

Appears in 4 contracts

Samples: Excellent Education Development Management and Accounting Services Agreement, Excellent Education Development Management and Accounting Services Agreement, Excellent Education Development Management and Accounting Services Agreement

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