STRS PICK-UP. A. The Board shall pick-up contributions to the State Teachers’ Retirement System paid on behalf of the employees in the bargaining unit utilizing the salary reduction method under the following terms and conditions:
STRS PICK-UP. The Board herewith agrees with the Association to pick-up, utilizing the salary reduction method, contributions to the State Teachers Retirement System paid on behalf of the employees in the bargaining unit under the following terms and conditions.
STRS PICK-UP. 1. The Board agrees to STRS "pick-up" utilizing the salary reduction method of contributions to the State Teachers Retirement System paid upon behalf of the teachers, at no cost to the Board, under the following conditions:
STRS PICK-UP. The Board agrees to continue to treat a unit member’s own individual STRS contribution (as opposed to the Board’s own STRS contribution on the employee’s behalf) as a mandatory salary reduction from the contract salary otherwise payable to such unit member. The unit member’s contract salary shall thus be restated (1) as consisting of (a) a cash salary component and (b) a pick-up component, which is equal to the amount of the unit member’s contribution being picked up by the Board on behalf of the unit member; (2) that the Board will contribute to STRS an amount equal to the unit member’s required contribution to STRS for the account of each unit member; and (3) that sick leave, severance, vacation, supplemental, and extended service pay and insurance benefits which are indexed to or otherwise determinable by reference to the unit member’s rate of pay shall be calculated upon both the cash salary component and pick-up component of the unit member’s restated salary.
STRS PICK-UP. Effective January 1, 1984, the Board of Education agrees to pick-up and tax shelter contributions to the State Teachers Retirement System on behalf of all teachers represented by the New Xxxxxx Education Association. The amount to be picked-up on behalf of each teacher shall be ten percent (10%) or as otherwise specified by the STRS as the teacher contribution on the teacher’s compensation including all supplemental earnings.
STRS PICK-UP. The Board of Education agrees to designate each employee’s mandatory contributions to the State Teachers Retirement System as “picked up” by the Board as contemplated by Internal Revenue Service rulings 77-462 and 81-36, although they shall continue to be designated as employee contributions as permitted by Attorney General Opinion 82-097. 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 STRS contribution which has been designated as “picked up” by the Board. The amount designated as “picked up” by the Board shall be included when computing final average salary, daily rate of pay, severance pay, supplemental salary, and extended service pay. This policy applies without exception to all employees represented by the Clyde-Green Springs Education Association. The pick-up shall become effective July 1, 1984 and shall be applied to all earnings paid after that date. The amount to be tax sheltered on behalf of each employee shall be eight and three-fourths percent (8.75%) of the employee’s total compensation, or such higher rates as may be imposed by the STRS as required employee contributions.
STRS PICK-UP. The Waterloo Board of Education herewith agrees to “pick-up” (assume and pay) contributions to the State Teachers Retirement System (STRS) upon behalf of the employees in the bargaining unit on the following terms and conditions:
STRS PICK-UP. The Board of Education of the Colonel Xxxxxxxx Local Schools herewith agrees with the Colonel Xxxxxxxx Education Association to pick-up contributions to the State Teachers Retirement System on behalf of the employees in the bargaining unit on the following terms and conditions using the salary reduction method of “pick-up.”
STRS PICK-UP. The Board shall designate each employee's mandatory contributions to the State Teachers' Retirement System of Ohio as "picked-up" by the 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 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 STRS contributions which has been designated as "picked-up" by the Board, and that the amount designated as "picked-up" by the Board shall be included in computing final average salary, provided that no employee's total salary is increased by such "picked-up", nor is the Board's total contribution to the STRS increased thereby. The Board of Education will pay 2% pick up on the pick up.
STRS PICK-UP. The Board agrees with the Association to pick-up (salary reduction- restatement method) contributions to the State Teachers Retirement System upon behalf of the members on the following terms and conditions:
