SERS PICK-UP. 10.01 The Treasurer of the Board shall contribute to the School Employees Retirement System (SERS), in addition to the Board’s required employer contribution, an amount equal to each employee’s contribution in lieu of payment to such employee. The amount contributed by the Board on behalf of the employee shall be treated as a mandatory wage reduction from the hourly wage otherwise payable to such classified employee.
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Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
SERS PICK-UP. 10.01 1. The Treasurer of the Board shall contribute to the School Employees Employee Retirement System (SERS), in addition to the Board’s required employer contribution, an amount equal to each employee’s contribution in lieu of payment to such employee. The amount contributed by board herewith agrees with the Board Union to pick- up (assume and pay) contributions to the School Employees Retirement System (SERS) on behalf of the employee shall be treated as a mandatory wage reduction from individuals in the hourly wage otherwise payable to such classified employee.bargaining unit on the following terms and conditions:
Appears in 2 contracts
Samples: Negotiated Agreement, Negotiated Agreement
SERS PICK-UP. 10.01 A. The Board Treasurer of the Board shall contribute to the School Employees Retirement System (SERS), in addition to the Board’s 's required employer contribution, an amount equal to each employee’s 's contribution in lieu of payment to such employee. The amount contributed by the Board on behalf of the employee shall be treated as a mandatory wage reduction from the hourly wage otherwise payable to such classified employeenonteaching employees.
Appears in 2 contracts
