Common use of SERS PICK-UP Clause in Contracts

SERS PICK-UP. The employer shall designate each employee’s mandatory contributions to the State Employees Retirement System of Ohio as “picked-up” by the Employer as contemplated by Internal Revenue Service Rulings 77-464 and 81-36, although they shall continue to be designated as employee contributions as permitted by Attorney General Opinion 82-097, in order that the amount of the employee’s income reported by the Board as subject to Federal and Ohio income tax shall be the employee’s total gross income reduced by the then current percentage amount of the employee’s mandatory State Employees Retirement System contribution which has been designated as “picked-up” by the employer shall be included in computing final average earnings, provided that no employee’s total earnings is increased by such “pick-up”, nor is the employer’s total contribution to the State Employees Retirement System increased.

SERS PICK-UP. The employer shall designate each employee’s 's mandatory contributions to the State Employees Retirement System of Ohio as “"picked-up” " by the Employer employer as contemplated by Internal Revenue Service Rulings 77-464 and 81-36. However, although they such contributions shall continue to be designated as employee contributions as permitted by Attorney General Opinion 82-097, in order that the amount of the employee’s 's income reported by the Board as subject to Federal federal and Ohio income tax shall be the employee’s 's total gross income reduced by the then current percentage amount of the employee’s 's mandatory State Employees Retirement System contribution which has been designated as “"picked-up” " by the employer employer. Such contributions shall be included in computing final average earnings, provided that no employee’s 's total earnings is shall be increased by such “"pick-up”, ," nor is the employer’s 's total contribution to the State Employees Retirement System increasedincreased thereby.

SERS PICK-UP. The employer Board shall designate each employee’s 's mandatory contributions to the State Employees Retirement System of Ohio as “picked"pick-up” " by the Employer Board as contemplated by Internal Revenue Service Rulings 77-464 and 81-36, although they shall continue to be designated as employee contributions as permitted by Attorney General Opinion 82-097, in order that the amount of the employee’s 's income reported by the Board as subject to Federal federal and Ohio income tax shall be the employee’s 's total gross income reduced by the then ten-current percentage amount of the employee’s 's mandatory State Employees Retirement System contribution which has been designated as “"picked-up” " by the employer Board shall be included in computing final average earningssalary, provided that no employee’s 's total earnings salary is increased by such “"pick-up”", nor is the employer’s Board's total contribution to the State Employees Retirement System increasedincreased thereby.

SERS PICK-UP. ‌ The employer shall designate each employee’s 's mandatory contributions to the State Employees Retirement System of Ohio as “"picked-up” " by the Employer employer as contemplated by Internal Revenue Service Rulings 77-464 and 81-36. However, although they such contributions shall continue to be designated as employee contributions as permitted by Attorney General Opinion 82-097, in order that the amount of the employee’s 's income reported by the Board as subject to Federal federal and Ohio income tax shall be the employee’s 's total gross income reduced by the then current percentage amount of the employee’s 's mandatory State Employees Retirement System contribution which has been designated as “"picked-up” " by the employer employer. Such contributions shall be included in computing final average earnings, provided that no employee’s 's total earnings is shall be increased by such “"pick-up”, ," nor is the employer’s 's total contribution to the State Employees Retirement System increasedincreased thereby.

SERS PICK-UP. A. Utilizing the salary reduction method: The employer Board shall designate each employee’s 's mandatory contributions to the State Employees Retirement System of Ohio as “"picked-up” " by the Employer Board as contemplated by Internal Revenue Service Revenue Rulings 77-464 and 81-36, although they shall continue to be designated as employee contributions as permitted by Attorney General Opinion opinion 82-097, in order that the amount of the employee’s 's income reported by the Board as subject to Federal federal and Ohio income tax shall be the employee’s total gross income reduced by the then current percentage amount of the employee’s 's mandatory State Employees Employee Retirement System contribution which has been designated as “"picked- up" by the Board, and that the amount designated as "picked-up” " by the employer Board shall be included in computing final average earningssalary, provided that no employee’s 's total earnings salary is increased by such “"pick-up”", nor is the employer’s Board's total contribution to the State Employees Retirement System increasedincreased thereby.