PART TIME UNIT MEMBERS RETIREMENT PLANS. 7.11.1 Effective July 1, 2014, the District shall offer part-time Unit Members two retirement plan options: STRS Defined Benefit or STRS Cash Balance for all wages paid on or after July 1, 2014. Those employees who previously selected the Accumulation Program for Part-time and Limited-Service Employees (A.P.P.L.E.) may continue to participate in the A.P.P.L.E. program if they so choose. 7.11.2 The District’s contribution to said retirement accounts shall be at the following rates: (a) STRS Defined Benefit: per state law (b) STRS Cash Balance: 4%, or as otherwise required by state law (c) A.P.P.L.E.: 3.75% 7.11.3 The District shall be held harmless from liability in the event the employee fails to receive full retirement benefits, provided that the District has fully complied with all relevant program requirements.
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Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
