Common use of Pick-Up" of Employee’s Contribution to the School Employee's Retirement System Clause in Contracts

Pick-Up" of Employee’s Contribution to the School Employee's Retirement System. 1. The Treasurer will contribute to the School Employee's Retirement System of Ohio (SERS), 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 certificated employee.

Pick-Up" of Employee’s Contribution to the School Employee's Retirement System. 1. The Treasurer will contribute to the School Employee's Employees Retirement System of Ohio (SERS), 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 certificated employee.