Common use of Payout Timing Clause in Contracts

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

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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

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