SERS. “SERS” is the Snohomish County Emergency Radio System agency created pursuant to chapters 39.34 and 24.06 RCW and an interlocal agreement effective July 1, 1999, as it may thereafter be amended.
SERS. Effective with Board ratification of this Agreement, the Board will in accordance with SERS and IRS guidelines pay the employee's contribution to SERS by effecting a uniform salary reduction. In order, however, that published salary schedules accurately depict the Board's salary obligations pursuant to this Agreement, all schedules shall set forth the salary which would be in effect but for this SERS provision together with a legend setting forth the fact that there has been a uniform reduction in order to achieve this benefit.
SERS. The Board shall allow payroll deduction to SERS for anyone buying credit with SERS for prior service.
SERS. PICK-UP" In accordance with IRS rules/regulations, the Board shall tax shelter the amount specified by the State Employees Retirement System (SERS) as the employees' retirement contribution.
SERS. 1. Each support staff's contract shall be restated as consisting of (a) a cash salary component, and
SERS. The Board shall pay directly to the School Employee’s Retirement System (SERS) on behalf of the Treasurer, the employee’s contribution to the SERS and in addition, an amount equal to the employee’s and employer’s SERS share on the total pick up amount to be designated as other earnings with such payments to be made in accordance with rules prescribed by SERS.
SERS. 1. Each support staff's contract shall be restated as consisting of (a) a cash salary component, and (b) a pick-up component, which is equal to the amount of the employee contribution being "picked-up" by the Board of Education on behalf of the employee.
