Common use of TRS Clause in Contracts

TRS. In addition to the salary paid according to the salary schedule and extracurricular schedule, the Board shall pick up and pay on behalf of each teacher 10.3753% of the teacher’s taxable earnings toward the employee’s contribution to the Teachers’ Retirement System, which amount equals the additive factor of the current nine percent (9.0%) teacher contribution.

TRS. In addition to the salary paid according to the salary schedule and extracurricular schedule, the Board shall pick up and pay on behalf of each teacher 10.37539.098901% of the teacher’s taxable earnings toward the employee’s contribution to the Teachers’ Retirement System, which amount equals the additive factor of the current nine percent (9.0%) teacher contribution.