Common use of EMPLOYEE PENSION PLAN Clause in Contracts

EMPLOYEE PENSION PLAN. 32.1 The Board shall pay all pension contributions to the Oklahoma Teacher's Retirement System for each employee currently participating in the OTRS program, as well as for those current and new employees, contracted to work 20 hours or more per week, eligible for participation on or after July 1, 2021. (revised 2021-22)

EMPLOYEE PENSION PLAN. 32.1 The Board shall pay all pension contributions to the Oklahoma Teacher's Retirement System for each employee currently participating in the OTRS program, as well as for those current and new employees, contracted to work 20 hours or more per week, becoming eligible for participation on or after July 1, 2021. (revised 2021-22)

EMPLOYEE PENSION PLAN. 32.1 The Board shall pay all pension contributions to the Oklahoma Teacher's Retirement System for each employee currently participating in the OTRS program, as well as for those current and new present employees, contracted to work 20 hours or more per week, becoming eligible for participation on participation. Support employees hired before April 1 shall become eligible for District-paid OTRS benefits the following contract year. Employees hired April 1 or later, become eligible to participate after July 1, 2021their first full contract year. The waiting period for new support employees shall be waived for any newly hired employee who is already participating as an active member of OTRS. (revised 20212017-2218)