Board Paid Retirement. Retroactive to October 1, 1976, the Board will pay the employees' five percent (5%) contributions on wages earned and paid starting with October 1, 1976 to the Michigan Public School Employee Retirement Fund in accordance with Act 244, P.A. 1974 of the Laws of Michigan. This provision will be implemented by reimbursing the employees for their five percent (5%) contribution from October 1, 1976 to the date on which the Board assumes the employees' five percent (5%) contribution, which will be no later than three (3) weeks from the date of Board ratification.
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Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
