Common use of Teacher Retirement Clause in Contracts

Teacher Retirement. a. In addition to the salary paid according to the salary schedule and the extra-duty schedule, the Board will pick up and pay the employee’s contributions in accordance with IRS Ruling 81-36 to the Illinois Teachers’ Retirement System up to a 2% increase over the current TRS additive factor (9.8901%). The Board will also pay the full employee’s contribution to the Teachers’ Health Insurance Fund up to a total of 1%.

Teacher Retirement. a. In addition to the salary paid according to the salary schedule and the extra-duty extra−duty schedule, the Board will pick up and pay the employee’s contributions in accordance with IRS Ruling 81-36 8 1−36 to the Illinois Teachers’ Retirement System up to a 2% increase over the current TRS additive factor (9.8901%). The Board will also pay the full employee’s contribution to the Teachers’ Health Insurance Fund up to a total of 1%.