Common use of TRS Contributions Clause in Contracts

TRS Contributions. The board agrees to pay four percent (4%) of teacher retirement for all tenured teachers. Starting with the eleventh year (11th) of full time service with the District, the Board agreed to pay an additional one percent (1%) of a teacher’s retirement, a total of five percent (5%).

Appears in 2 contracts

Samples: Contract Agreement, Contract Agreement

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TRS Contributions. The board agrees to pay four three percent (43%) of teacher retirement for all tenured teachers. Starting with the eleventh year (11th) of full time service with the District, the Board agreed to pay an additional one teachers on steps 0- 3; six percent (16%) of a teacher’s retirement, a total of five teacher retirement for all teachers on steps 4-9 and nine percent (59%)) for all teachers on step 10 and beyond. This amount shall be paid based on step placement and not based on actual years of service to the district.

Appears in 1 contract

Samples: Contract Agreement

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TRS Contributions. The board agrees to pay four three percent (43%) of teacher retirement for all tenured teachers. Starting with the eleventh year (11th) of full time service with the District, the Board agreed to pay an additional one teachers on steps 0-3; six percent (16%) of a teacher’s retirement, a total of five teacher retirement for all teachers on steps 4-9 and nine percent (59%)) for all teachers on step 10 and beyond. This amount shall be paid based on step placement and not based on actual years of service to the district.

Appears in 1 contract

Samples: Contract Agreement

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