Common use of Retirement Shelter Clause in Contracts

Retirement Shelter. A teacher’s total TRS wages or creditable earnings equal the sum of the teacher’s salary plus the TRS paid contribution. The TRS paid contribution = .09 x (TRS wages / .91) The Board shall pick up and pay, on behalf of each teacher, the following TRS/THIS contributions (based on TRS wages or creditable earnings):  100% of the Teacher Retirement System (TRS) contribution (currently 9.8901%)  100% of the THIS (Teachers' Health Insurance Security fund) (currently 1.18%)  100% of Federal TRS (currently 10.1%)  100% of Employer Contribution for Member Benefit Increase (NEC TRS) (currently 0.58%)  100% of Employer THIS (ETHIS) (currently 0.88%) TRS wages + TRS + THIS + Federal TRS + NEC TRS + ETHIS = total wages and TRS/THIS benefits for each teacher

Retirement Shelter. A teacher’s total TRS wages or creditable earnings equal the sum of the teacher’s salary plus the TRS paid contribution. The TRS paid contribution = .09 x (TRS wages / .91) The Board shall pick up and pay, on behalf of each teacher, the following TRS/THIS contributions (based on TRS wages or creditable earnings):  • 100% of the Teacher Retirement System (TRS) contribution (currently 9.8901%)  100• 50% of the THIS (Teachers' Health Insurance Security fund) (currently 50% of 1.18% or 0.59%)  • 100% of Federal TRS (currently 10.1%)  • 100% of Employer Contribution for Member Benefit Increase (NEC TRS) (currently 0.58%)  • 100% of Employer THIS (ETHIS) (currently 0.88%) TRS wages + TRS + THIS + Federal TRS + NEC TRS + ETHIS = total wages and TRS/THIS benefits for each teacher

Retirement Shelter. A teacher’s total TRS wages or creditable earnings equal the sum of the teacher’s salary plus the TRS paid contribution. The TRS paid contribution = .09 x (TRS wages / .91) The Board shall pick up and pay, on behalf of each teacher, the following TRS/THIS contributions (based on TRS wages or creditable earnings):  100% of the Teacher Retirement System (TRS) contribution (currently 9.8901%)  10050% of the THIS (Teachers' Health Insurance Security fund) (currently 50% of 1.18% or 0.59%)  100% of Federal TRS (currently 10.1%)  100% of Employer Contribution for Member Benefit Increase (NEC TRS) (currently 0.58%)  100% of Employer THIS (ETHIS) (currently 0.88%) TRS wages + TRS + THIS + Federal TRS + NEC TRS + ETHIS = total wages and TRS/THIS benefits for each teacher