Common use of PERS Pick-up Clause in Contracts

PERS Pick-up. 1. The total annual salary and salary per pay period for each employee shall be the salary otherwise payable under Article XIX, A., of this Agreement. Such total annual salary and salary per pay period of each employee shall be payable by the Board in two parts: (a) deferred salary and (b) cash salary. An employee's deferred salary shall be equal to that percentage of said employee's total annual salary or salary per pay period which is required from time to time by PERS to be paid as an employee contribution by said employee and shall be paid by the Board to ERS on behalf of said employee as a pick-up and in lieu of the PERS employee contribution otherwise payable by said employee. An employee's cash salary shall be equal to said employee's total annual salary or salary per pay period less the amount of the pick-up for said employee and shall be payable, subject to applicable payroll deductions, to said employee. The Board shall compute and remit its employer contributions to PERS based upon an employee's total annual salary or salary per pay period, including the aforesaid pick-up. The Board's total combined expenditures for an employee's total salary otherwise payable under this Agreement (including the pick-up amounts) and its employer contributions to PERS shall not be greater than the amounts it would have paid for those items had this provision not been in effect. 2. The pick-up shall be included in the employee's total annual salary for the purpose of computing daily rate of pay, for determining paid salary adjustments to be made due to absence, or for any similar purpose. 3. Any pick-up by the Board of an employee's contributions to PERS shall be mandatory for all employees who are members of the bargaining unit and PERS. No such member shall have the option of choosing to receive the contributed amounts directly instead of having them paid by the Board of PERS. 4. The Board shall fulfill its income tax reporting and withholding responsibilities for each employee in such a manner as is required by applicable federal, state, and local laws and regulations as they may exist at the time of such reporting and withholding, it being the Board's understanding that federal and Ohio income tax laws and regulations presently require it to report as an employee's gross income his total annual salary less the amount of the pick-up while applicable municipal income tax laws require it to report as an employee's gross income his total annual salary including the amount of the pick-up.

PERS Pick-up. 1A. The fiscal agent shall remit to the Public Employees Retirement System (PERS), in addition to the Board's required employer contribution, an amount equal to each employee's contribution in lieu of payment to such employee. The amount contributed by the Board on behalf of the employee shall be treated as mandatory salary reduction from the contract salary otherwise payable to such classified employees. B. The total annual salary and salary per pay period for each employee shall be the salary otherwise payable under Article XIX, A., of this Agreementtheir contracts. Such The total annual salary and salary per pay period of each employee shall be payable by the Board in two (2) parts: (a1) deferred salary and (b2) cash salary. An employee's deferred salary shall be equal to that percentage of said employee's ’s total annual salary or salary per pay period which is required from time to time by PERS to be paid as an employee contribution by said employee and shall be paid by the Board to ERS PERS on behalf of said employee as a pick-up and in lieu "pickup" of the PERS employee contribution otherwise payable by said the employee. An employee's cash salary shall be equal to said employee's total annual salary or salary per pay period less the amount of the pick-up "pickup" for said employee and shall be payable, subject to applicable payroll deductions, to said employee. The Board Upon the expiration of the collective bargaining agreement, the deferred employee salary shall compute and remit its employer contributions be adjusted to PERS based upon an employee's total annual salary or salary per pay period, including the aforesaid pick-up. be in compliance with State law. C. The Board's total combined expenditures for an employee's total salary annual salaries otherwise payable under this Agreement their contracts (including the pick-up "pickup" amounts) and its employer contributions to PERS shall not be greater than the amounts it would have paid for those items had this provision not been in effect. 2. D. The pick-up Board shall compute and emit its employer contributions to PERS based upon the total annual salary, including the "pickup." The Board shall report for federal and Ohio income tax purposes as an employee's gross income said employee's total annual salary less the amount of "pickup." The Board shall report for municipal income tax purposes as an employee's gross income said employee's total annual salary, including the amount of "pickup." The Board shall compute income tax withholding based upon gross income as reported to the respective tax authorities. E. The "pickup" shall be included in the employee's total annual salary for the purpose of computing daily rate of pay, for determining paid salary adjustments to be made due to absence, or for any other similar purpose. 3. Any pick-up by F. The "pickup" shall be a uniform percent for all classified employees, and it shall apply to all payroll payments made after the Board effective date of an this provision and shall not be at the individual employee's contributions to PERS shall be mandatory for all employees who are members of the bargaining unit and PERS. No such member shall have the option of choosing to receive the contributed amounts directly instead of having them paid by the Board of PERSoption. 4. The Board shall fulfill its income tax reporting and withholding responsibilities for each employee in such a manner as is required by applicable federal, state, and local laws and regulations as they may exist at the time of such reporting and withholding, it being the Board's understanding that federal and Ohio income tax laws and regulations presently require it to report as an employee's gross income his total annual salary less the amount of the pick-up while applicable municipal income tax laws require it to report as an employee's gross income his total annual salary including the amount of the pick-up.

PERS Pick-up. 1A. The Board shall contribute to the Public Employees= Retirement System (PERS), in addition to the Board=s required employer contribution, an amount equal to each employee=s contribution in lieu of payment to such employee. The amount contributed by the Board on behalf of the employee shall be treated as a mandatory salary reduction from the contract salary otherwise payable to such employees. B. The total annual salary and salary per pay period for each employee shall be the salary otherwise payable under Article XIX, A., of this Agreementtheir contracts. Such The total annual salary and salary per pay period of each employee shall be payable by the Board in two (2) parts: : (a1) deferred salary salary; and (b2) cash salary. An employee's ’s deferred salary shall be equal to that percentage of said employee's total annual salary or salary per pay period which is required from time to time by PERS to be paid as an employee contribution by said employee and shall be paid by the Board to ERS PERS on behalf of said employee as a “pick-up and in lieu up” of the PERS employee contribution otherwise payable by said the employee. An employee's ’s cash salary shall be equal to said employee's =s total annual salary or salary per pay period less the amount of the “pick-up up” for said employee and shall be payable, subject to applicable payroll deductions, to said employee. The Board shall compute and remit its employer contributions to PERS based upon an employee's total annual salary or salary per pay period, including the aforesaid pick-up. . C. The Board's ’s total combined expenditures for an employee's ’s total salary annual salaries otherwise payable under this Agreement the contracts (including the “pick-up up” amounts) and its employer contributions to PERS shall not be greater than the amounts amount it would have paid for those items had this provision not been in effect. 2. D. The Employer shall compute and remit its employer contributions to PERS based upon the total annual salary, including the “pick-up up.” The Employer shall report for federal and Ohio income tax purposes as an employee’s gross income said employee’s total annual salary less the amount of the “pick-up.” The Employer shall report for municipal income tax purposes as an employee’s gross income said employee’s total annual salary, including the amount of the “pick-up.” The Employer shall compute income tax withholding based upon gross income as reported to respective tax authorities. E. The “pick-up” shall be included in the employee's =s total annual salary for the purpose of computing daily rate of pay, for determining paid salary adjustments to be made due to absence, or for any other similar purposepurposes. 3. Any pick-up by the Board of an employee's contributions to PERS shall be mandatory for all employees who are members of the bargaining unit and PERS. No such member shall have the option of choosing to receive the contributed amounts directly instead of having them paid by the Board of PERS. 4. F. The Board shall fulfill its income tax reporting and withholding responsibilities for each employee in such a manner as is required by applicable federal, state, and local laws and regulations as they may exist at the time of such reporting and withholding, it being the Board's understanding that federal and Ohio income tax laws and regulations presently require it to report as an employee's gross income his total annual salary less the amount of the pick-up while applicable municipal income tax laws require it to report as an employee's gross income his total annual salary including the amount of the “pick-up” shall be a uniform percent for all employees, and it shall apply to all payroll payments made after the effective date of this provision and shall not be at the individual employee’s option. G. The current taxation or deferred taxation of the “pick-up” is determined solely by the Internal Revenue Service (IRS), and compliance with this section does not guarantee that the tax on the “pick-up” will be deferred. If the IRS or other governmental entity declares the “pick-up” not to be tax deferred, this section, this section shall be null and void and the PERS contribution procedure in place prior to the effective date of this provision shall be in effect.