Limitation on TRS Nonexempt Creditable Compensation Sample Clauses

Limitation on TRS Nonexempt Creditable Compensation. 14.1 When a Teacher has at least thirty (30) years of TRS creditable service and is five (5) or less years from retirement eligibility under Section 13-132 of the Illinois Pension Code, the Teacher’s nonexempt creditable TRS earnings from employment in the School District, irrespective of form and no matter how arising, and whether or not arising under this collective bargaining agreement, shall not exceed the amounts specified hereinafter. No Teacher’s nonexempt creditable TRS earnings from employment in this School District 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 party 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.
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Limitation on TRS Nonexempt Creditable Compensation. When an Employee has thirty (30) years of TRS creditable service, the Employee's nonexempt creditable TRS earnings, irrespective of form and no matter how arising, and whether or not arising under this collective bargaining agreement, shall not exceed the amounts specified hereinafter. No Employee's nonexempt creditable TRS earnings 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 an Employee's retirement annuity, or result in any District or Board-paid penalty or fee to TRS. A12.5 2020-21 LICENSED STAFF SALARY SCHEDULE 2020-2021 Salary Schedule (the agreed-upon 2.5% Increase to the 2019-2020 Base is reflected in B1) Longevity: 2.75% Increase from Final Monetary Cell in Each Column 1 30,909 31,836 32,791 33,775 34,788 35,832 36,907 2 31,759 32,712 33,693 34,704 35,745 36,817 37,922 3 32,632 33,611 34,620 35,658 36,728 37,830 38,965 4 33,530 34,536 35,572 36,639 37,738 38,870 40,036 5 34,452 35,485 36,550 37,646 38,776 39,939 41,137 6 35,399 36,461 37,555 38,682 39,842 41,037 42,269 7 36,373 37,464 38,588 39,745 40,938 42,166 43,431 8 37,373 38,494 39,649 40,838 42,064 43,326 44,625 9 38,401 39,553 40,739 41,962 43,220 44,517 45,852 10 39,457 40,640 41,860 43,115 44,409 45,741 47,113 11 40,542 41,758 43,011 44,301 45,630 46,999 48,409 12 41,657 42,906 44,194 45,519 46,885 48,292 49,740 13 42,802 44,086 45,409 46,771 48,174 49,620 51,108 14 43,979 45,299 46,658 48,057 49,499 50,984 52,514 15 45,189 46,544 47,941 49,379 50,860 52,386 53,958 16 46,431 47,824 49,259 50,737 52,259 53,827 55,442 17 47,708 49,140 50,614 52,132 53,696 55,307 56,966 18 50,491 52,006 53,566 55,173 56,828 58,533 19 55,039 56,690 58,391 60,142 20 58,249 59,996 61,796 21 63,496 Longevity 49,020.31 51,879.42 53,435.80 56,552.45 59,850.87 61,646.40 65,241.92
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Limitation on TRS Nonexempt Creditable Compensation. When an Employee has thirty (30) years of TRS creditable service, the Employee's nonexempt creditable TRS earnings, irrespective of form and no matter how arising, and whether or not arising under this collective bargaining agreement, shall not exceed the amounts specified hereinafter. No Employee's nonexempt creditable TRS earnings 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 an Employee's retirement annuity, or result in any District or Board-paid penalty or fee to TRS.
Sample 1Sample 2
Limitation on TRS Nonexempt Creditable Compensation. When a teacher is five (5) or less years from retirement eligibility under Section 16-132 of the Illinois Pension Code, the teacher’s nonexempt creditable TRS earnings from employment in the school district, irrespective of form and no matter how arising, and whether or not arising under this collective bargaining agreement, shall not exceed the amounts specified hereafter. No teacher’s nonexempt creditable TRS earnings from employment in this school district shall increase from one school year to the next by more than six percent (6%), or the maximum amount which may be paid without the employer incurring an employer contribution to TRS, whichever is less, 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. Certified staff members at the following ages and years of experience fall under this provision: ● 51 years of age that will have 20 years of experience by the time they are 55 ● 56 years of age that will have between 10 and 20 years of experience by the time they are 60 ● 58 years of age that will have at least five years of experience but less than 10 when they turn 62
Sample 1
Limitation on TRS Nonexempt Creditable Compensation. When an Employee has thirty (30) years of TRS creditable service, the Employee's nonexempt creditable TRS earnings, irrespective of form and no matter how arising, and whether or not arising under this collective bargaining agreement, shall not exceed the amounts specified hereinaGer.
Sample 1

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