Common use of SERS Clause in Contracts

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.

Appears in 4 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement