STRS Contributions. No STRS contributions are made on behalf of the Retired Temporary Unit Member by the District or by the unit member if they have already retired with STRS.
STRS Contributions. The Board shall designate each employee’s contributions to the State Teachers Retirement System of Ohio as “picked up as a salary reduction.”
STRS Contributions. The Board shall pay the employer’s share of STRS contributions and the unit member shall pay the employee’s share of STRS contributions.
STRS Contributions. The Board shall pay the employer’s share of STRS contributions as required by law. In addition, the Board shall “pick-up” (pay directly) the employee’s share of retirement contributions to the State Teachers Retirement System on behalf of Superintendent, at the rate in effect, plus all retirement contributions on this picked-up amount (i.e. the Board shall pay the “pick-up on the pick-up” of the employer’s share of Superintendent’s STRS contributions). During the term of this contract, this pick-up shall be a condition of Superintendent’s employment in the School District and shall not be at the Superintendent’s option. It is the intention of the parties that this picked-up amount be included in Superintendent’s compensation for the purpose of calculating retirement benefits. It is also the intention of the parties that this pick-up, together with contributions on the pick- up, be made with respect to all amounts paid under this contract which are recognized by STRS as compensation for retirement purposes. If, during the term of this Contract, legislation is enacted, becomes effective, and is applicable to this Contract, and such legislation would prohibit the payment by the Board of the employee’s share of retirement contributions on Superintendent’s behalf as a fringe benefit pick-up, the Board shall add to Superintendent’s salary the amount of the employee contribution previously picked up as a fringe benefit. The Board shall then deduct such amount from Superintendent’s salary and pay such amount directly to the STRS on Superintendent’s behalf (a salary reduction pick-up). Such salary reduction pick-up shall become a condition of Superintendent’s employment under this Contract, and not at Superintendent’s option. Such adjustments to the salary of Superintendent shall not have the effect of increasing the per diem pay calculations made under any other provision of this Contract.
STRS Contributions. The Association President’s compensation during this leave will include retirement fund contributions required of the District as employer. The required employer contribution rate will be the contribution rate for additional service credit less the member contribution rate under Government Code Section 22804. The Association President will earn full service credit during the leave of absence and will pay member contributions as prescribed in Government Code Section 22804.
STRS Contributions. The Board shall pay the employer's share of the State Teachers Retirement Systems ("STRS") contributions as required by law. In addition, unless otherwise prohibited by state law, the Board shall "pick-up" (pay directly) the employee's share of Superintendent's total retirement contribution to the STRS on behalf of Superintendent, plus all retirement contributions on this picked-up amount. During the term of this Agreement, to the extent permitted by law, this pick-up shall be a condition of Superintendent's employment in the District and shall not be at Superintendent's option. Such pick-up shall be a fringe-benefit of the entire amount of the employee contribution that Superintendent is required to contribute to STRS, based upon the salary reported to STRS as provided in this Agreement. The amount of the fringe-benefit pick-up in this Agreement shall be considered compensation of the Superintendent, and unless otherwise prohibited by state law, the Board shall pay both the employer and employee's contributions to STRS on the amount of the fringe-benefit pick-up ("pick-up on the pick-up"). At any time following the execution of this Agreement, should either pick-up or pick- up on the pick-up by the Board be prohibited by state law, the Board and Superintendent agree to meet to discuss how to replace the loss of this contractual benefit for the remaining term of this Agreement.
