BUY-BACK OF QUALIFYING STRS CREDIT BY PAYROLL DEDUCTION. The Board will participate in the employee buy-back of qualifying STRS credit by payroll deduction. This process will be implemented in compliance with the provisions of Section 3307.281 of the Revised Code and State Teachers Retirement Board Rule 3307-1-28 and revisions to these rules. STRS deductions must be made on a monthly basis and are accounted for as "after-tax" contributions. Because of the monthly deduction requirement, only 26 pay employees in the district will be eligible to participate.
Appears in 3 contracts
Samples: Negotiated Agreement, Negotiated Agreement, Collective Bargaining Agreement
BUY-BACK OF QUALIFYING STRS CREDIT BY PAYROLL DEDUCTION. The Board will participate in the employee buy-back of qualifying STRS credit by payroll deduction. This process will be implemented in compliance with the provisions of Section 3307.281 of the Revised Code and State Teachers Retirement Board Rule 3307-1-28 and revisions to these rules. STRS deductions must be made on a monthly basis and are accounted for as "after-tax" contributions. Because of the monthly deduction requirement, only 26 24 pay employees in the district will be eligible to participate.
Appears in 2 contracts
Samples: Negotiated Agreement, Collective Bargaining Agreement
