Common use of SERS PICK-UP Clause in Contracts

SERS PICK-UP. 32.01 Consistent with the provisions of Internal Revenue Service Ruling 77-42, 81-35 and 81-36, effective October 1, 1983, the Board shall pick-up each classified employee's mandatory contributions to the School Employees Retirement System of Ohio (SERS) provided that no classified employee's total compensation is increased by such pick-up nor is the Board's total contribution to SERS increased. The dollar amount to be "picked-up" by the Board: (a) shall equal the then current percentage amount of the above mentioned employee's mandatory SERS contribution; (b) shall be credited by SERS as employee contributions under authority of Ohio Attorney General Opinion 82-097. (c) shall be included in computing final average salary; (d) shall not be reported by the Board as subject to current federal and state income taxes; (e) shall be reported by the Board as subject to city income taxes; (f) shall not affect the calculation of the above-mentioned employee's daily rate of pay for any purpose whatsoever, including making salary adjustments because of absence, calculating severance pay, or in reporting the above-mentioned employee's authorized credit information to financial institutions.

SERS PICK-UP. 32.01 Consistent with the provisions of Internal Revenue Service Ruling 77-4277‐42, 81-35 81‐35 and 81-3681‐36, effective October 1, 1983, the Board shall pick-up pick‐up each classified employee's ’s mandatory contributions to the School Employees Retirement System of Ohio (SERS) provided that no classified employee's ’s total compensation is increased by such pick-up pick‐up nor is the Board's ’s total contribution to SERS increased. The dollar amount to be "picked-up" “picked‐up” by the Board: (a) shall 1. Shall equal the then current percentage amount of the above mentioned above‐mentioned employee's ’s mandatory SERS contribution; (b) shall 2. Xxxxx be credited by SERS as employee contributions under authority of Ohio Attorney General Opinion 82-097.82‐097; (c) shall 3. Shall be included in computing final average salary; (d) shall 4. Shall not be reported by the Board as subject to current federal and state income taxes; (e) shall 5. Shall be reported by the Board as subject to city income taxes; (f) shall 6. Shall not affect the calculation of the above-mentioned above‐mentioned employee's ’s daily rate of pay for any purpose whatsoever, including making salary adjustments because of absence, calculating severance pay, or in reporting the above-mentioned above‐mentioned employee's ’s authorized credit information to financial institutions.

SERS PICK-UP. 32.01 31.01. Consistent with the provisions of Internal Revenue Service Ruling 77-42, 81-35 and 81-36, effective October 1, 1983, the Board shall pick-up each classified employee's mandatory contributions to the School Employees Retirement System of Ohio (SERS) provided that no classified employee's total compensation is increased by such pick-up nor is the Board's total contribution to SERS increased. The dollar amount to be "picked-up" by the Board: (a) shall equal the then current percentage amount of the above mentioned employee's mandatory SERS contribution; (b) shall be credited by SERS as employee contributions under authority of Ohio Attorney General Opinion 82-097. (c) shall be included in computing final average salary; (d) shall not be reported by the Board as subject to current federal and state income taxes; (e) shall be reported by the Board as subject to city income taxes; (f) shall not affect the calculation of the above-mentioned employee's daily rate of pay for any purpose whatsoever, including making salary adjustments because of absence, calculating severance pay, or in reporting the above-mentioned employee's authorized credit information to financial institutions.

SERS PICK-UP. 32.01 Consistent with the provisions of Internal Revenue Service Ruling 77-4277‐42, 81-35 81‐35 and 81-3681‐36, effective October 1, 1983, the Board shall pick-up pick‐up each classified employee's ’s mandatory contributions to the School Employees Retirement System of Ohio (SERS) provided that no classified employee's ’s total compensation is increased by such pick-up pick‐up nor is the Board's ’s total contribution to SERS increased. The dollar amount to be "picked-up" “picked‐up” by the Board: (a) shall 1. Shall equal the then current percentage amount of the above mentioned above‐mentioned employee's ’s mandatory SERS contribution; (b) shall 2. Shall be credited by SERS as employee contributions under authority of Ohio Attorney General Opinion 82-097.82‐097; (c) shall 3. Shall be included in computing final average salary; (d) shall 4. Shall not be reported by the Board as subject to current federal and state income taxes; (e) shall 5. Shall be reported by the Board as subject to city income taxes; (f) shall 6. Shall not affect the calculation of the above-mentioned above‐mentioned employee's ’s daily rate of pay for any purpose whatsoever, including making salary adjustments because of absence, calculating severance pay, or in reporting the above-mentioned above‐mentioned employee's ’s authorized credit information to financial institutions.

SERS PICK-UP. 32.01 31.01. Consistent with the provisions of Internal Revenue Service Ruling 77-42, 81-35 and 81-81- 36, effective October 1, 1983, the Board shall pick-up each classified employee's mandatory contributions to the School Employees Retirement System of Ohio (SERS) provided that no classified employee's total compensation is increased by such pick-up nor is the Board's total contribution to SERS increased. The dollar amount to be "picked-picked- up" by the Board: (a) shall equal the then current percentage amount of the above mentioned employee's mandatory SERS contribution; (b) shall be credited by SERS as employee contributions under authority of Ohio Attorney General Opinion 82-097. (c) shall be included in computing final average salary; (d) shall not be reported by the Board as subject to current federal and state income taxes; (e) shall be reported by the Board as subject to city income taxes; (f) shall not affect the calculation of the above-mentioned employee's daily rate of pay for any purpose whatsoever, including making salary adjustments because of absence, calculating severance pay, or in reporting the above-mentioned employee's authorized credit information to financial institutions.