Common use of Limitation on TRS Creditable Compensation Clause in Contracts

Limitation on TRS Creditable Compensation. The purpose of the Section entitled “Limitation on TRS Creditable Compensation” is to avoid in all circumstances any payment by the District of a Board-paid penalty or fee to TRS, or any Board or District liability to fund any portion of a teacher’s TRS annuity due to increase in compensation from one year to the next. This Section does not apply to teachers who are not eligible for TRS annuity (whether or not they apply) and could not under any circumstances become eligible for TRS annuity within five (5) years of the end of the school year in which the compensation is earned. No teacher’s creditable TRS earnings from employment in this School District, irrespective of form and no matter how arising, and whether or not arising under this collective bargaining agreement, may exceed the amounts specified herein. No teacher’s TRS creditable earnings from employment in this School District including, but not limited to: Ÿ vertical and horizontal salary schedule movement; Ÿ stipends; Ÿ salary increases; Ÿ extra duties; Ÿ changes in position; or Ÿ Section 125 plan or flex plan benefits or contributions; shall increase from one school year to the next by more than six percent (6%) or be otherwise increased so as to create liability on the part of the Board or District for any portion of a teacher’s retirement annuity, or result in any District- or Board-paid penalty or fee to TRS. If the sum or percentage amount which triggers any obligation for the District or Board to pay additional amounts to cover all or part of a teacher’s retirement annuity or cover any Board- or District-paid penalty or fee to TRS decreased, then the maximum of the teacher’s creditable TRS earnings from employment in this School District shall similarly decrease so as to avoid any Board- or District-paid penalty or fee. Even if another provision of this collective bargaining agreement would otherwise provide, in the event a teacher’s TRS creditable earnings would increase by more than six percent (6%), or any such lesser amount that would trigger a District-paid penalty or fee to TRS due to salary increase in any year over a prior year, that teacher shall receive only the maximum increase to TRS creditable compensation allowed under this provision.

Limitation on TRS Creditable Compensation. The purpose of the Section entitled “Limitation on TRS Creditable Compensation” is to avoid in all circumstances any payment by the District of a Board-paid penalty or fee to TRS, or any Board or District liability to fund any portion of a teacher’s TRS annuity due to increase in compensation from one year to the next. This Section does not apply to teachers who are not eligible for TRS annuity (whether or not they apply) and could not under any circumstances become eligible for TRS annuity within five (5) years of the end of the school year in which the compensation is earned. No teacher’s creditable TRS earnings from employment in this School District, irrespective of form and no matter how arising, and whether or not arising under this collective bargaining agreement, may exceed the amounts specified herein. No teacher’s TRS creditable earnings from employment in this School District including, but not limited to: Ÿ ! vertical and horizontal salary schedule movement; Ÿ ! stipends; Ÿ ! salary increases; Ÿ ! extra duties; Ÿ ! changes in position; or Ÿ ! Section 125 plan or flex plan benefits or contributions; shall increase from one school year to the next by more than six percent (6%) or be otherwise increased so as to create liability on the part of the Board or District for any portion of a teacher’s retirement annuity, or result in any District- or Board-paid penalty or fee to TRS. If the sum or percentage amount which triggers any obligation for the District or Board to pay additional amounts to cover all or part of a teacher’s retirement annuity or cover any Board- or District-paid penalty or fee to TRS decreased, then the maximum of the teacher’s creditable TRS earnings from employment in this School District shall similarly decrease so as to avoid any Board- or District-paid penalty or fee. Even if another provision of this collective bargaining agreement would otherwise provide, in the event a teacher’s TRS creditable earnings would increase by more than six percent (6%), or any such lesser amount that would trigger a District-paid penalty or fee to TRS due to salary increase in any year over a prior year, that teacher shall receive only the maximum increase to TRS creditable compensation allowed under this provision.

Limitation on TRS Creditable Compensation. The purpose of the Section this section entitled “Limitation on TRS Creditable creditable Compensation” is to avoid in all circumstances any payment by the District of a Board-paid penalty or fee to TRS, or any Board or District liability to fund any portion of a teacher’s TRS annuity due to increase in compensation from one year to the next. This Section does not apply to teachers who are not eligible for TRS annuity (whether or not they apply) and could not under any circumstances become eligible for TRS annuity within five (5) years of the end of the school year in which the compensation is earned. No teacher’s creditable TRS earnings from employment in this School District, irrespective of form and no matter how arising, and whether or not arising under this collective bargaining agreement, may exceed the amounts limitations specified herein, except those which cause no penalty or fee due to the exceptions created by public act 94-1057. No Even if another provision of this collective bargaining agreement would otherwise provide, the Board or administration may, but shall have no obligation to assign or permit any teacher to perform any work, duties or responsibilities which would cause that teacher’s TRS creditable earnings from employment in this School District includingDistrict, but not limited towhether arising from: Ÿ vertical ● Vertical and horizontal salary schedule movement; Ÿ stipends; Ÿ salary increases; Ÿ extra duties; Ÿ changes movement ● Stipends ● Salary increases ● Retirement incentives ● Extra-duties ● Changes in position; position or Ÿ Section 125 plan ● Other assignments or flex plan benefits or contributions; shall duties to increase from one school year to the next by more than six percent (6%) or be otherwise increased so as to create liability on the part of the Board or District for any portion of a teacher’s retirement annuity, or result in any District- District or Board-paid penalty or fee to TRS. If there is a decrease in the sum or percentage amount by which a teacher’s creditable earnings may increase from one year to the next, which sum or percentage triggers any obligation for the District or Board to pay additional amounts to cover all or part of a teacher’s retirement annuity or cover any Board- Board or Districtdistrict-paid penalty or fee to TRS decreasedTRS, then the maximum increase of the teacher’s creditable TRS earnings from employment in this School District from one year to the next shall similarity decrease so as to avoid any Board or District-paid penalty or fee to TRS, then the maximum increase of the teacher’s creditable TRS earnings from employment in this District form one year to the next shall similarly decrease so as to avoid any Board- Board or District-paid penalty or fee. Even if another provision of this collective bargaining agreement would otherwise provide, in the event a teacher’s TRS creditable earnings would increase by more than six percent (6%), ) or any such lesser amount that would trigger a District-paid penalty or fee to TRS due to salary increase in any year over a prior year, that teacher shall receive only the maximum increase to TRS creditable compensation allowed under this provisionthe provision entitled “Retirement Incentive”.

Limitation on TRS Creditable Compensation. The purpose of the Section entitled “Limitation on TRS Creditable Compensation” is to avoid in all circumstances any payment by the District of a Board-paid penalty or fee to TRS, or any Board or District liability to fund any portion of a teacher’s TRS annuity due to increase in compensation from one year to the next. This Section does not apply to teachers who are not eligible for TRS annuity (whether or not they apply) and could not under any circumstances become eligible for TRS annuity within five (5) years of the end of the school year in which the compensation is earned. No teacher’s creditable TRS earnings from employment in this School District, irrespective of form and no matter how arising, and whether or not arising under this collective bargaining agreement, may exceed the amounts specified herein. No teacher’s TRS creditable earnings from employment in this School District including, but not limited to: Ÿ • vertical and horizontal salary schedule movement; Ÿ • stipends; Ÿ • salary increases; Ÿ • extra duties; Ÿ • changes in position; or Ÿ • Section 125 plan or flex plan benefits or contributions; shall increase from one school year to the next by more than six percent (6%) or be otherwise increased so as to create liability on the part of the Board or District for any portion of a teacher’s retirement annuity, or result in any District- or Board-paid penalty or fee to TRS. If the sum or percentage amount which triggers any obligation for the District or Board to pay additional amounts to cover all or part of a teacher’s retirement annuity or cover any Board- or District-paid penalty or fee to TRS decreased, then the maximum of the teacher’s creditable TRS earnings from employment in this School District shall similarly decrease so as to avoid any Board- or District-paid penalty or fee. Even if another provision of this collective bargaining agreement would otherwise provide, in the event a teacher’s TRS creditable earnings would increase by more than six percent (6%), or any such lesser amount that would trigger a District-paid penalty or fee to TRS due to salary increase in any year over a prior year, that teacher shall receive only the maximum increase to TRS creditable compensation allowed under this provision.

Limitation on TRS Creditable Compensation. The purpose of the Section this section entitled “Limitation on TRS Creditable Compensation” is to avoid in all circumstances any payment by the District of a Board-paid penalty or fee to TRS, or any Board or District liability to fund any portion of a teacher’s TRS annuity due to increase in compensation from one year to the next. This Section section does not apply to teachers who are not eligible for TRS annuity (whether or not they apply) and could not under any circumstances become eligible for TRS annuity within five (5) years of the end of the school year in which the compensation is earned. No teacher’s creditable TRS earnings from employment in this School District, irrespective of form and no matter how arising, and whether or not arising under this collective bargaining agreement, may exceed the amounts specified herein. No teacher’s TRS creditable earnings from employment in this School District including, but not limited to: Ÿ vertical and horizontal salary schedule movement; Ÿ stipends; Ÿ salary increases; Ÿ extra duties; Ÿ changes in position; or Ÿ Section 125 plan or flex plan benefits or contributions; agreement shall increase from one school year to the next by more than six percent (6%) or be otherwise increased so as to create liability on the part of the Board or District for any portion of a teacher’s retirement annuity, or result in any District- District or Board-Board- paid penalty or fee to TRS. If the sum or percentage amount which triggers any obligation for the District or Board to pay additional amounts to cover all or part of a teacher’s retirement annuity or cover any Board- Board or District-District paid penalty or fee to TRS decreaseddecreases, then the maximum of the teacher’s creditable TRS earnings from employment in this School District shall similarly decrease so as to avoid any Board- Board or District-District paid penalty or fee. Any teacher whose creditable earnings are limited in any year because of this provision shall have his or her salary increased in the next year and any subsequent years by the amount necessary to recapture the increase so limited, up to a maximum increase of creditable earnings of six percent in any year. Even if another provision of this collective bargaining agreement would otherwise provide, in the event a teacher’s TRS creditable earnings would increase by more than six percent (6%), or any such lesser amount that would trigger a District-paid penalty or fee to TRS due to salary increase in any year years over a prior year, that teacher shall receive only the maximum increase to TRS creditable compensation allowed under this provision.

Limitation on TRS Creditable Compensation. The purpose of the Section entitled “Limitation on TRS Creditable Compensation” is to avoid in all circumstances any payment by the District of a Board-paid penalty or fee to TRS, or any Board or District liability to fund any portion of a teacher’s TRS annuity due to increase in compensation from one year to the next. This Section does not apply to teachers who are not eligible for TRS annuity (whether or not they apply) and could not under any circumstances become eligible for TRS annuity within five (5) years of the end of the school year in which the compensation is earned. No teacher’s creditable TRS earnings from employment in this School District, irrespective of form and no matter how arising, and whether or not arising under this collective bargaining agreement, may exceed the amounts specified herein. No teacher’s TRS creditable earnings from employment in this School District including, but not limited to: Ÿ  vertical and horizontal salary schedule movement; Ÿ  stipends; Ÿ  salary increases; Ÿ  extra duties; Ÿ  changes in position; or Ÿ  Section 125 plan or flex plan benefits or contributions; shall increase from one school year to the next by more than six percent (6%) or be otherwise increased so as to create liability on the part of the Board or District for any portion of a teacher’s retirement annuity, or result in any District- or Board-paid penalty or fee to TRS. If the sum or percentage amount which triggers any obligation for the District or Board to pay additional amounts to cover all or part of a teacher’s retirement annuity or cover any Board- or District-paid penalty or fee to TRS decreased, then the maximum of the teacher’s creditable TRS earnings from employment in this School District shall similarly decrease so as to avoid any Board- or District-paid penalty or fee. Even if another provision of this collective bargaining agreement would otherwise provide, in the event a teacher’s TRS creditable earnings would increase by more than six percent (6%), or any such lesser amount that would trigger a District-paid penalty or fee to TRS due to salary increase in any year over a prior year, that teacher shall receive only the maximum increase to TRS creditable compensation allowed under this provision.