SERS Automatic Pickup Procedure Sample Clauses

SERS Automatic Pickup Procedure. The Board will establish a procedure for the automatic pickup of the classified employee’s portion of the retirement system contribution through the salary reduction/restatement method. Effective with the first full payroll following ratification of this Agreement, the Board will not deduct federal or state taxes on the amount of the employee’s contribution to the S.E.R.S., with appropriate notation made on the W-2 forms. This procedure will be applied uniformly to all classified employees. Severance pay, overtime pay, salary adjustments and all other matters shall be based on the published salary schedule.