Board Assumption of Superintendent’s INPRS Employee Contribution & Reporting to INPRS Sample Clauses

Board Assumption of Superintendent’s INPRS Employee Contribution & Reporting to INPRS. In addition to the other compensation provided to the Superintendent by this Paragraph of this Contract, the Board shall make any contribution to the Indiana Public Retirement System (INPRS) that would otherwise be required to be paid by the Superintendent. All payments to the Superintendent coming within the definition of “annual compensation” as defined in Ind. Code 5-10.2-4-3[c] shall be included in the Superintendent’s compensation reported to the Indiana Public Retirement System (INPRS). The parties agree that the amounts made available to the Superintendent as additional basic salary pursuant to Sub-section A. titled “Annual Salary” and Sub-section G. titled “Auto Allowance” shall be subject to state and federal taxes and shall therefore be included in the Superintendent’s “annual compensation” as reported to the Indiana Public Retirement System (INPRS) for purposes of the calculation of the Superintendent’s “average of annual compensation” as defined at Ind. Code 5-10.2-4-3(b).
Sample 1
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Board Assumption of Superintendent’s INPRS Employee Contribution & Reporting to INPRS. IN addition to the other compensation provided to the Superintendent by this Paragraph of this Contract, the Board shall make any contributions to the Indiana Public Retirement System (INPRS) that would otherwise be required to be paid by the Superintendent in accordance with his/her date of hire.
Sample 1

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