SERS PICK-UP. A. For purposes of this Article, total annual salary and salary per pay period for each member shall be the salary otherwise payable under this Agreement, as amended. The total annual salary and salary per pay period of each member shall be payable by the Board in two parts: (1) deferred salary and (2) cash salary. A member’s deferred salary shall be equal to that percentage of said member’s total annual salary or salary per pay period which is required from time to time by the State Employment Retirement System (“SERS”) to be paid as an employee contribution by said member and shall be paid by the Board to SERS on behalf of said member as a “pickup” of the SERS employee contribution otherwise payable by said member. A member’s cash salary shall be equal to said member’s total annual salary or salary per pay period less the amount, subject to applicable payroll deductions, to said member. The Board’s total combined expenditures for members’ total annual salaries otherwise payable under this Agreement, as amended, (including pickup amounts) and its employer contributions to SERS shall not be greater than the amounts it would have paid for those items had this provision not been in effect.
SERS PICK-UP. A. The Board agrees with the Association to implement the SERS "pickup" utilizing the salary reduction method of contributions to the State Employment Retirement System paid on behalf of the employees in the bargaining unit, at no cost to the Board, under the following terms and conditions:
SERS PICK-UP. A. For purposes of this Article, total annual salary and salary per pay period for each member shall be the salary otherwise payable under this Agreement, as amended. The total annual salary and salary per pay period of each member shall be payable by the Board in two parts:
SERS PICK-UP. The Board shall designate each employee's mandatory contributions to the State Employees Retirement System of Ohio as "pick-up" by the Board as contemplated by Internal Revenue Service Rulings 77-464 and 81-36, although they shall continue to be designated as employee contributions as permitted by Attorney General 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 ten-current percentage amount of the employee's mandatory State Employees Retirement System contribution which has been designated as "picked-up" by the Board shall be included in computing final average salary, provided that no employee's total salary is increased by such "pick-up", nor is the Board's total contribution to the State Employees Retirement System increased thereby.
SERS PICK-UP. The Board agrees to pick-up (assume and pay) contributions to the State Employees Retirement System (SERS) on behalf of the bargaining unit member at no additional cost to the Board as follows:
SERS PICK-UP. 32.01 Consistent with the provisions of Internal Revenue Service Ruling 77-42, 81-35 and 81-36, effective October 1, 1983, the Board shall pick-up each classified employee's mandatory contributions to the School Employees Retirement System of Ohio (SERS) provided that no classified employee's total compensation is increased by such pick-up nor is the Board's total contribution to SERS increased. The dollar amount to be "picked-up" by the Board:
SERS PICK-UP. 21.1. The Board will assume and pay (pick-up) contributions to the School Employees Retirement System (SERS) on behalf of its employees with the following terms and conditions:
SERS PICK-UP. A. The Board Treasurer shall contribute to the School Employees Retirement System (SERS), in addition to the Board's required employer contribution, an amount equal to each employee's contribution in lieu of payment to such employee. The amount contributed by the Board on behalf of the employee shall be treated as a mandatory wage reduction from the hourly wage otherwise payable to such nonteaching employees.
SERS PICK-UP. Consistent with current practice, there will be Board pick-up of SERS via uniform salary reduction per SERS guidelines.
SERS PICK-UP. The District agrees to continue the "pick-up" of employee retirement contributions to the School Employees Retirement System (SERS) in accordance with Ohio Attorney General's Opinion 82-097.
