STRS PICK-UP WITH REDUCTION. The Board herewith agrees with the Association to pick up (assume and pay) contributions to the State Teachers Retirement System upon behalf of the members of the bargaining unit on the following terms and conditions:
STRS PICK-UP WITH REDUCTION. Annuitization of the employee’s share of retirement shall be as follows: The Alliance Board of Education shall designate each employee’s mandatory contributions to the State Teachers Retirement System of Ohio as “picked up” by the Board as interpreted by the Internal Revenue Service Rulings 77-462 and 81-36. Contributions “picked up” shall continue to be designated as employee contributions as permitted by Attorney General’s 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 Teachers Retirement System contribution 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 salary is increased by such “pick up”, nor is the Board’s total contribution to the State Teachers Retirement System of Ohio increased thereby.
STRS PICK-UP WITH REDUCTION. The Board of Education of the Monroeville School District herewith agrees with the Monroeville Teachers Association to pick-up (assume and pay) contributions to the State Teachers Retirement System upon behalf of the employees in the bargaining unit on the following terms and conditions:
STRS PICK-UP WITH REDUCTION. In accordance with Board practice and resolution and with STRS and IRS guidelines, the Board will contribute to STRS both its employer contribution and an amount equal to each certificated employee’s contribution in lieu of payment by the employee, and such amount contributed on behalf of the employee shall be treated as deferred salary from the contract salary otherwise payable to the employee in cash. The employee’s stated contract salary, per the schedules printed in this contract, shall thus be treated as consisting of a cash component and a pick-up component, with the pickup component being equal to the amount of the employee’s required STRS contribution. The Board’s total combined expenditures for employees total contract salaries payable pursuant hereto, (including pickup amount), and its employer contribution to STRS, shall not be greater than the amount it would have paid for the employee’s contract salary per the salary schedule and the employer contribution payable thereon if this STRS pickup provision were not in effect. The Board shall compute and remit its employer contributions to STRS based upon total contract salary, including the “pickup.” The Board shall report for Federal and Ohio income tax purposes an employee’s gross income said employee’s total contract salary less the amount of the “pickup.” For municipal income tax purposes, it shall report as gross income said employee’s total contract salary, including the amount of the “pick-up.” The Board shall compute income tax withholding based on gross income as reported to each taxing authority.
STRS PICK-UP WITH REDUCTION. 8.00 The Board of Education of the Indian Lake School District herewith agrees with the Indian Lake Education Association to pick-up (assume and pay) contributions to the State Teachers Retirement System upon behalf of the members in the bargaining unit on the following terms and conditions:
STRS PICK-UP WITH REDUCTION. The Board of Education of the Coshocton City School District herewith agrees with the Coshocton City Education Association to pick-up (assume and pay) contributions to the State Teachers Retirement System upon behalf of the employees in the bargaining unit on the following terms and conditions:
STRS PICK-UP WITH REDUCTION. The Board of Education of the River Valley Local School District herewith agrees with the River Valley Teachers’ Association to pick-up (assume and pay) contributions to the State Teachers Retirement System upon behalf of the employees in the bargaining unit on the following terms and conditions:
STRS PICK-UP WITH REDUCTION. 1. The Board of Education of the Aurora City School District, herewith, agrees with the Aurora Education Association 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:
