Common use of BOARD PICKUP OF EMPLOYEE CONTRIBUTIONS TO STRS Clause in Contracts

BOARD PICKUP OF EMPLOYEE CONTRIBUTIONS TO STRS. 23.1 For purposes of this section, total annual salary and salary per pay period for each teacher shall be the salary otherwise payable under this Agreement and his/her contract. The total annual salary and salary per pay period of each teacher shall be payable by the Board in two parts: (1) deferred salary and (2) cash salary. A teacher’s deferred salary shall be equal to that percentage of said teacher’s total annual salary or salary per pay period which is required from time to time by State Teachers Retirement System (STRS) to be paid as an employee contribution by said teacher and shall be paid by the Board to STRS on behalf of said teacher as a “pickup” of the STRS employee contribution otherwise payable by said teacher. A teacher’s cash salary shall be equal to said teacher’s total annual salary or salary per pay period less the amount of the pickup for said teacher and shall be payable, subject to the applicable payroll deductions, to said teacher. 23.2 The Board’s total combined expenditures for teachers’ total annual salaries otherwise payable under their contracts and applicable Board policies including pickup amounts and its employer contributions to STRS shall not be greater than the amounts it would have paid for those items had this Article not been in effect. 23.3 The Board shall compute and remit its employer contributions to STRS based upon total annual salary, including the “pickup.” The Board shall report for federal and Ohio income tax purposes as an employee’s gross income said employee’s total salary less the amount of the “pickup.” The Board shall report for municipal income tax purposes as a teacher’s gross income said teacher’s total annual salary, including the amount of the “pickup.” The Board shall compute income tax withholding based upon gross income as reported to the respective taxing authorities. 23.4 The “pickup” shall be included in the teacher’s total annual salary for the purpose of computing daily rate of pay, for determining paid salary adjustments to be made due to absence, or any other similar purpose. The “pickup” shall apply to all payroll payments made forty-five (45) days after the execution of this Agreement.

BOARD PICKUP OF EMPLOYEE CONTRIBUTIONS TO STRS. 23.1 A. For purposes of this sectionarticle, total annual salary and salary per pay period for each teacher shall be the salary otherwise payable under this Agreement and his/her contractapplicable Board policies. The total annual salary and salary per pay period of each teacher shall be payable by the Board in two parts: (1) deferred salary and (2) cash salary. A teacher’s deferred salary shall be equal to that percentage of said teacher’s total annual salary or salary per pay period which is required from time to time by the State Teachers Retirement System (STRS) to be paid as an employee a teacher contribution by said teacher and shall be paid by the Board to STRS on behalf of said teacher as a “pickup” of the STRS employee teacher contribution otherwise payable by said teacher. A teacher’s cash salary shall be equal to said teacher’s total annual salary or salary per pay period less the amount of the pickup for said teacher and shall be payable, subject to the applicable payroll deductions, to said teacher. 23.2 . The Board’s total combined expenditures for teachers’ total annual salaries otherwise payable under their contracts and applicable Board policies (including pickup amounts amounts) and its employer contributions to STRS shall not be greater than the amounts it would have paid for those items had this Article provision not been in effect. 23.3 B. The Board shall compute and remit its employer contributions to STRS based upon total annual salary, including the “pickup.” ”. The Board shall report for federal and Ohio income tax purposes as an employeea teacher’s gross income said employeeteacher’s total annual salary less the amount of the “pickup.” ”. The Board shall report for municipal income tax purposes as a teacher’s gross income said teacher’s total annual salary, including the amount of the “pickup.” . The Board shall compute income tax withholding based upon gross income as reported to the respective taxing authorities. 23.4 C. The “pickup” pickup shall be included in the teacher’s total annual salary for the purpose of computing daily rate of pay, for determining paid salary adjustments to be made due to absence, or for any other similar purpose. The “pickup” shall apply to all payroll payments made forty-five (45) days after the execution of this Agreementpurposes.

BOARD PICKUP OF EMPLOYEE CONTRIBUTIONS TO STRS. 23.1 a. The Board shall assume and pay, or pick up, the mandatory Employee contribution to STRS required for all STRS participants, subject to the provisions of this section, in lieu of payment of those contributions by said Employees. b. For purposes of this sectionSection, total annual salary and or salary per pay period for each teacher Employee shall be the salary otherwise payable under this Agreement their contracts and his/her contractapplicable Board policies. The total annual salary and or salary per pay period of each teacher Employee shall be payable by the Board in two parts: (1) deferred annual salary and (2) cash salary. A teacher’s An Employee's deferred salary shall be equal to that percentage of said teacher’s Employee's total annual salary or salary per pay period which is required from time to time by the Ohio State Teachers Retirement System ("STRS") to be paid as an employee Employee contribution by said teacher Employee and shall be paid by the Board to STRS on behalf of said teacher Employee as a “"pickup” " of the STRS employee Employee contribution otherwise payable by said teacherEmployee. A teacher’s An Employee's cash salary shall be equal to said teacher’s Employee's total annual salary or salary per pay period less the amount of the pickup for said teacher Employee and shall be payable, subject to the applicable payroll deductions, to said teacher. 23.2 Employee. The Board’s 's combined total combined expenditures for teachers’ Employee's total annual salaries or salaries per pay period otherwise payable under their contracts and applicable Board policies this Section (including pickup amounts and its employer contributions to STRS STRS) shall not be greater than the amounts it would have paid for those items had this Article provision not been in effect. 23.3 c. The Board shall compute and remit its employer contributions to STRS based upon total annual salarysalary or salary per pay period, including the “"pickup.” ". The Board shall report for federal and Ohio income tax purposes as an employee’s Employee's gross income said employee’s Employee's total annual salary or salary per pay period, less the amount of the “"pickup.” ". The Board shall report for municipal income tax purposes as a teacher’s an Employee's gross income said teacher’s Employee's total annual salarysalary or salary per pay period, including the amount of the “"pickup.” ". The Board shall compute income tax withholding based upon gross income as reported to the respective taxing authorities. 23.4 d. The “"pickup” " shall be included in the teacher’s Employee's total annual salary or salary per pay period for the purpose of computing daily rate of pay, for determining paid salary adjustments to be made due to absence, or for any other similar purpose. e. Consistent with applicable STRS regulations, compensation upon which retirement contributions are based for each year will be the amount paid to the Association President (18% of base salary), Vice-President (8% of base salary), and Secretary (8% of base salary) for service to the Association, and such services to the Association will constitute teaching service for purposes of Chapter 3307 of the Ohio Revised Code. The “pickup” shall apply Board will make the applicable payments to all payroll payments made forty-five (45) days after STRS and be promptly and fully reimbursed by the execution of this AgreementEmployee or the Association.

BOARD PICKUP OF EMPLOYEE CONTRIBUTIONS TO STRS. 23.1 A. The Board shall assume and pay, or pick up, the mandatory employee contributions to STRS required for all STRS participants, subject to the provisions of this section, in lieu of payment of those contributions by said members. B. For purposes of this sectionPickup Plan, total annual salary and or salary per pay period for each teacher member shall be the salary otherwise payable under this Agreement their contracts and his/her contractapplicable Board policies. The total annual salary and or salary per pay period of each teacher member shall be payable by the Board in two parts: (1) deferred annual salary and (2) cash salary. A teacher’s member's deferred salary shall be equal to that percentage of said teacher’s member's total annual salary or salary per pay period which is required from time to time by the Ohio State Teachers Retirement System ("STRS") to be paid as an employee contribution by said teacher member and shall be paid by the Board to STRS on behalf of said teacher member as a “"pickup” " of the STRS employee contribution otherwise payable by said teachermember. A teacher’s member's cash salary shall be equal to said teacher’s member's total annual salary or salary per pay period less the amount of the pickup for said teacher member and shall be payable, subject to the applicable payroll deductions, to said teacher. 23.2 member. The Board’s 's continued total combined expenditures for teachers’ members' total annual salaries or salaries per pay period otherwise payable under their contracts and applicable Board policies this Section (including pickup amounts amounts) and its employer contributions to STRS shall not be greater than the amounts it would have paid for those items had this Article provision not been in effect. 23.3 C. The Board shall compute and remit its employer contributions to STRS based upon total annual salarysalary or salary per pay period, including including, the “"pickup.” " The Board shall report for federal and Ohio income tax purposes as an employee’s a member's gross income said employee’s member's total annual salary or salary per pay period, less the amount of the “"pickup.” " The Board shall report for municipal income tax purposes as a teacher’s member's gross income said teacher’s member's total annual salarysalary or salary per pay period, including the amount of the “"pickup.” " The Board shall compute income tax withholding based upon gross income as reported to the respective taxing authorities. 23.4 D. The “"pickup” " shall be included in the teacher’s member's total annual salary or salary per pay period for the purpose of computing daily rate of pay, for determining paid salary adjustments to be made due to absence, or for any other similar purpose. . E. The “pickup” Pickup Plan shall apply to all payroll payments made be effective no later than forty-five (45) days after the execution date of this Agreement. The Plan shall terminate immediately if any provision hereof is determined to be contrary to law or if employer pickup should no longer be authorized by the Internal Revenue Service, Ohio Attorney General or by the Ohio State Teacher's Retirement System.