Payout Timing. The payments specified in the preceding sections will be made to a Teacher on the retirement payroll following the month in which the Teacher receives his/her last regular paycheck from the District. Currently, this payment qualifies as PERA-qualified compensation and is subject to the employee and employer deductions to PERA. State law determines whether this payment is PERA-qualified compensation and subject to such deductions or not.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Payout Timing. The payments specified in the preceding sections will be made to a Teacher on the retirement payroll following the month in which the Teacher receives his/her last regular paycheck from the District. Currently, this payment qualifies as PERA-qualified compensation and is subject to the employee and employer deductions to PERA. State law determines whether this payment is PERA-PERA- qualified compensation and subject to such deductions or not.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement