Teachers’ Retirement System. All qualified teachers at the Charter School shall be members of the Teachers Retirement System of Georgia (“TRS”) and subject to its requirements. The Charter School is responsible for making arrangements with TRS and making monthly contributions for its teachers in accordance with state requirements.
Teachers’ Retirement System. The deduction shall be prorated over the pay periods commencing with the first pay period of the school year and ending with the first pay period of June.
Teachers’ Retirement System. All qualified teachers at the Charter School shall be members of the Teachers Retirement System of Georgia (“TRS”) and subject to its requirements. The Charter School is responsible for making arrangements with TRS and making monthly contributions for its teachers in accordance with state requirements. Teacher and Leader Evaluation. The Charter School shall implement the Teacher Keys Effectiveness System (TKES) and Leader Keys effectiveness System (LKES) in accordance with O.C.G.A §20-2-210(b)(1) and State Board Rule 160-5-1.37. The Charter School shall have at least two individuals credentialed in using TKES. If the most senior Charter School leader must be evaluated using LKES because he or she performs the duties of a principal as defined by State Board Rule 160-5-1-.37, a member of the governing board, who is credentialed in using LKES, shall serve as his or her evaluator.
Teachers’ Retirement System. In addition to the annual salary stated in paragraph A.1 of this Contract, the Board shall pay on behalf of the Administrator to the State of Illinois Teachers' Retirement System 8% of the Administrator’s required contributions to said pension system. The Administrator shall not have any right or claim to said amounts, except as they may become available at the time of retirement or resignation from the State of Illinois Teachers' Retirement System. Both parties acknowledge that the Administrator did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the Teachers' Retirement System, and further acknowledge that such contributions are made as a condition of employment to secure the Administrator’s future services, knowledge and experience. It is the intention of the parties to qualify all such payments picked up and paid by the Board on the Administrator’s behalf as employer payments pursuant to Section 414(h) of the Internal Revenue Code of 1986 as amended.
Teachers’ Retirement System. Notice must be given by February 1 for June retirement or four months prior notice for dates of retirement other than June. *See Appendix C.
Teachers’ Retirement System. Xx. Xxxxxxxx will take all necessary steps to ensure
Teachers’ Retirement System. If any part of the bargaining unit member's compensation is not 36 paid by District funds, the bargaining unit member then may pay full state teachers' retirement 37 contributions on that portion of his/hertheir current salary which is not paid for by the District, plus 38 his/hertheir own share and any interest levied on the total. If the bargaining unit member chooses 39 to pay nothing, months of retirement will be reduced accordingly. (Education Code Section 40 22716.)
Teachers’ Retirement System. According to authority granted by the Pension Reform Act of 1974, Section 414(h)(2) of the Internal Revenue Code, the Board agrees to deduct and remit from the established compensation schedule to the Teacher Retirement System the combined member contribution to TRS/THIS on behalf of each teacher.
Teachers’ Retirement System. The Board will contribute a portion of each educator's compensation to the Illinois Teachers' Retirement System. This contribution is included as part of the total educator's salary as shown in the compensation table found in Article VII and the extra-curricular schedules. The amount of the contribution will be as required by Section 16-152 of the Illinois Pension Code (40 ILCS 5/16-152). The individual educator will have no right or claim to these funds except as they become available upon retirement or resignation from the Teachers' Retirement System. Contributions paid directly by the Board to the Teachers' Retirement System, under these provisions, will not be included as income on the individual educator's W-2 Form for federal and state income tax purposes pursuant to Section 414(h) of the Internal Revenue Code.
Teachers’ Retirement System. In addition to salary, the Board shall pay to TRS the teacher’s full contribution not to exceed 9.4% of the teacher’s salary. In the event the teachers’ required contribution to the Teachers’ Retirement System is increased during the term of this Agreement, the Board shall pay to the Teachers’ Retirement System on behalf of each teacher one-half of such increase. This additional payment, if any, by the Board will not be reflected on the salary schedule until execution of a subsequent agreement. To the extent that the Board does not pay a portion of the teacher’s required contribution to the TRS pension as a benefit, the Board shall pay from the teacher’s salary the balance as a deduction. That portion of said required contribution to the TRS pension, which is paid from the teacher’s salary, shall not be deemed to be part of the teacher’s taxable wages, earnings and compensation in his or her current taxable year and thereafter under provisions of Section 414-(h)(2) of the Internal Revenue Code of 1954 as amended (but shall constitute a tax sheltered benefit).
