PENSION REPORTABILITY Sample Clauses
The Pension Reportability clause defines the requirements for reporting pension contributions or benefits to relevant authorities or stakeholders. Typically, this clause outlines the types of pension-related information that must be disclosed, the frequency and format of such reports, and the parties responsible for ensuring compliance. For example, it may require employers to submit annual statements detailing employee pension contributions to a government agency. The core function of this clause is to ensure transparency and regulatory compliance in the management and reporting of pension plans, thereby reducing the risk of legal or financial penalties.
PENSION REPORTABILITY. The District has determined the following with respect to Teachers’ Retirement System (“TRS”) reporting [Mark applicable paragraph(s) with an “X”]:
X a. NOT REPORTABLE. The Services are NOT reportable to TRS because:
i. The Services do not require licensure under the laws pertaining to the licensure/certification of teachers or other staff under the School Code.
_X ii. The Services are exempt from TRS reporting as contracted bilingual evaluation services under Section 14-6.04 of the School Code and TRS will be notified of the individuals providing such services.
PENSION REPORTABILITY. The District has determined the following with respect to Teachers’ Retirement System (“TRS”) reporting [Mark applicable paragraph(s) with an “X”]:
a. NOT REPORTABLE. The Services are NOT reportable to TRS because:
i. The Services do not require licensure under the laws pertaining to the licensure/certification of teachers or other staff under the School Code.
ii. The Services are exempt from TRS reporting as contracted Speech-Language Pathology services under Section 14-6.04 of the School Code and TRS will be notified of the individuals providing such services.
iii. The Services do require licensure under the School Code, but Contractor is retired from TRS and the provision of Services will not cause Contractor to exceed TRS post-retirement employment limitations.
PENSION REPORTABILITY. It is the understanding of the Parties that the individuals performing Services under this Agreement are not eligible to participate in the Teachers’ Retirement System (“TRS”) or the Illinois Municipal Retirement Fund (“IMRF”) because they
PENSION REPORTABILITY. It is the understanding of the Parties that the individuals performing Services under this Agreement are not eligible to participate in the Teachers’ Retirement System (“TRS”) or the Illinois Municipal Retirement Fund (“IMRF”) because they 1) do not hold an educator license, and/or 2) are not employees of the District and do not individually hold independent contractor agreements directly with the District, and/or 3) are working for the District under an agreement with and are employed by a recruiting firm for the provision of substitute teacher services within the meaning of Section 2-3.173 of the School Code. If the services to be provided by Contractor constitute substitute teaching services, the Contractor affirms that it will have an employment relationship with those teachers rather than an independent contractor arrangement.