Common use of Indiana State Teachers’ Retirement Fund Contributions Clause in Contracts

Indiana State Teachers’ Retirement Fund Contributions. In addition to the salary provided in Appendix I-A and extra-curricular pay in Appendix II the School shall pay to the Indiana State Teachers’ Retirement Fund (ISTRF) an additional three percent (3%) of each teacher’s salary as the teacher’s contribution obligation to the ISTRF. Teachers shall not be entitled to the option of choosing to receive the contributed amount directly instead of having the employer’s funds paid directly to the ISTRF on the teacher’s behalf.