TIAA/Grandfathered Retirement Plan. Faculty Members appointed prior to July 1, 1977 who elected to participate in the Expanded Teachers Insurance and Annuity Association (TIAA) retirement system (or alternatives) shall make periodic contributions with the University according to the following schedule. The rates on the effective date of this Agreement (July 1, 2019) were: Salary OPERS Eligible Employer/Member STRS Eligible Employer/Member Up to $8,000 12.75%/7.05% 12.75%/11.05% Between $8,000 and $16,500 16.25%/11.05% 16.25%/15.05% Over $16,500 10.50%/7.50% 10.50%/11.50% The University also shall make payments of .10% on the first $16,500 of salary for retirement plan waiver in the event of disability.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
TIAA/Grandfathered Retirement Plan. Faculty Members appointed prior to July 1, 1977 who elected to participate in the Expanded Teachers Insurance and Annuity Association (TIAA) retirement system (or alternatives) shall make periodic contributions with the University according to the following schedule. The rates on the effective date of this Agreement (July 1, 20192022) were: Salary OPERS Eligible Employer/Member STRS Eligible Employer/Member Up to $8,000 12.75%/7.05% 12.75%/11.05% Between $8,000 and $16,500 16.25%/11.05% 16.25%/15.05% Over $16,500 10.50%/7.50% 10.50%/11.50% The University also shall make payments of .10% on the first $16,500 of salary for retirement plan waiver in the event of disability.
Appears in 3 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
TIAA/Grandfathered Retirement Plan. Faculty Members appointed prior to July 1, 1977 who elected to participate in the Expanded Teachers Insurance and Annuity Association (TIAA) retirement system (or alternatives) shall make periodic contributions with the University according to the following schedule. The rates on the effective date of this Agreement (July 1, 2019202219) were: Salary OPERS Eligible Employer/Member STRS Eligible Employer/Member Up to $8,000 12.75%/7.05% 12.75%/11.05% Between $8,000 and $16,500 16.25%/11.05% 16.25%/15.05% Over $16,500 10.50%/7.50% 10.50%/11.50% The University also shall make payments of .10% on the first $16,500 of salary for retirement plan waiver in the event theevent of disability.. …
Appears in 1 contract
Samples: aaupuc.org
