Oklahoma Teachers’ Retirement System Sample Clauses

Oklahoma Teachers’ Retirement System. ‌ The District shall pay the retirement contributions upon employment for all regular full- time employees enrolled in the Teachers Retirement System of Oklahoma.
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Oklahoma Teachers’ Retirement System. In accordance with 10A O.S. §2-7-616 instructional and administrative employees of the Office of Juvenile Affairs (XXX) assigned to the Charter School will participate in the Oklahoma Teachers' Retirement System. The Board of Juvenile Affairs (XXX) agrees that it will fully comply with all statutes and regulations governing OTRS.
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Oklahoma Teachers’ Retirement System. Note: Contributions for letters A and B above, the Board may set a minimum participant level before approving the deduction.
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Oklahoma Teachers’ Retirement System. 1. Valliant Educational Support Association personnel may belong to the Oklahoma Teachers Retirement System. Contributions must be made through payroll deductions
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Oklahoma Teachers’ Retirement System. 1. Xxxxxxxx Educational Support Association personnel may belong to the Oklahoma Teachers Retirement System. Contributions must be made through payroll deductions • Optional personnel currently employed prior to July 1, 2021, must elect whether or not to start or continue participating in the TRS by July 31, 221. • Optional personnel hired on or after July 1, 2021, must elect whether or not to become a participant in the TRS within 30 days of the initial date of employment.
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Oklahoma Teachers’ Retirement System. 1. Valliant Educational Support Association personnel may belong to the Oklahoma Teachers Retirement System. Contributions must be made through payroll deductions Pursuant to Oklahoma Statue Title 70:17-103, all non-classified optional personnel regularly employed for twenty (20) hours or more per week may join the Tears’ Retirement System (TRS) upon hiring, subject to the rules and regulations adopted by TRS. • Optional personnel currently employed prior to July 1, 2021, must elect whether or not to start or continue participating in the TRS by July 31, 221. • Optional personnel hired on or after July 1, 2021, must elect whether or not to become a participant in the TRS within 30 days of the initial date of employment. Pursuant to Senate Bill 683, when an optional employee is eligible to participate and makes the election, the choice is permanent.
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Related to Oklahoma Teachers’ Retirement System

  • Public Employees Retirement System “PERS”) Members.

  • Retirement System The withdrawal of employee contributions made on or after January 1, 2014 may also be withdrawn but only on an actuarially neutral basis. The actuarial present value of the pension reduction shall be equal to the amount of accumulated member contributions withdrawn. The actuarial present value shall computed using the interest rate used in the annual actuarial valuation and the mortality table used in the annual actuarial valuation with a 50% unisex blend.

  • Pre-Retirement Leave An Employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to: (a) A special paid leave for a period equivalent to fifty percent (50%) of his/her accumulated sick leave credit, to be taken immediately prior to retirement; or (b) A special cash payment of an amount equivalent to the cash value of fifty percent (50%) of his/her accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her current rate of pay.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Coverage Selection Prior to Retirement An employee who retires and is eligible to continue insurance coverage as a retiree may change his/her health or dental plan during the sixty (60) calendar day period immediately preceding the date of retirement. The employee may not add dependent coverage during this period. The change takes effect on the first day of the month following the date of retirement.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Supplemental Executive Retirement Plan The Executive shall participate in the Company's Unfunded Pension Plan for Selected Executives (the "SERP").

  • WASHINGTON’S STATEWIDE PAYEE DESK Contractor represents and warrants that Contractor is registered with Washington’s Statewide Payee Desk, which registration is a condition to payment.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Retirement Program Any employee employed prior to October 1, 1977, working at least seventy (70) hours per month shall by law be a member of the Washington Public Employees Retirement system (PERS) Plan One. Any employee working at least seventy (70) hours per month, entering employment on or after October 1, 1977, shall by law be a member of the School Employees Retirement System, Plan Two or Three. The District shall provide each new employee information concerning PERS or SERS membership benefits.

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