Common use of Purchase of Past Service Credit Clause in Contracts

Purchase of Past Service Credit. (OPERS/STRS). Employees may purchase eligible past service credit through payroll deduction for STRS or OPERS on either an after-tax or pre-tax basis, according to the employee's election, and subject to the rules of STRS or OPERS and the Internal Revenue Code.

Purchase of Past Service Credit. (OPERS/STRS). Employees may purchase eligible past service credit through payroll deduction for STRS or OPERS on either an after-tax or pre-pre- tax basis, according to the employee's election, and subject to the rules of STRS or OPERS and the Internal Revenue Code.