Common use of Board Reporting of Employee Contributions to State Teachers Retirement System Clause in Contracts

Board Reporting of Employee Contributions to State Teachers Retirement System. 7.091 For tax sheltering purposes only, the Board shall continue to designate and consider each member’s mandatory contribution to the State Teachers Retirement System (STRS), as deferred salary paid by the Board. The amount of a member’s income reported by the Board as subject to Federal and Ohio Income Tax, shall be the member’s total gross income reduced by the amount of the member’s mandatory contribution to the STRS.