Common use of SERS PICK-UP Clause in Contracts

SERS PICK-UP. A. The Grandview Heights Board of Education herewith agrees to "pick-up", utilizing the salary reduction method, contributions to the State Employees Retirement System of Ohio paid upon behalf of the Members of the Bargaining Unit under the following terms and conditions: 1. The amount to be "picked-up" on behalf of each Member of the Bargaining Unit shall be the amount required to be contributed by the SERS of the employee's gross annual compensation. The employee's annual compensation shall be reduced by an amountequal to the amount "picked-up" by the Board for the purpose of State and Federal taxonly. 2. The pick-up percentage shall apply uniformly to all Members of the Bargaining Unit as a condition of employment. 3. The pick-up shall apply to all compensation. 4. The parties agree that should the rules and regulations of IRS, or retirement system change, making this procedure unworkable, the parties agree to return, withoutpenalty, to the former method of employee/employer contributions. 5. Payment of sick leave, personal leave, severance and supplementals, including unemployment and worker's compensation, shall be based on the employee's dailygross pay prior to reduction as basis (e.g., gross pay divided by the number of days inthe employee's contract). B. The amount designated as "pick-up", by the Board shall be included in computing final averagesalary, provided that the employee's total salary is not increased by such "pick-up", or if the Board's total contribution to the State Employees Retirement System of Ohio increased thereby.

SERS PICK-UP. A. The Grandview Heights Board of Education herewith agrees to "pick-up", utilizing the salary reduction method, contributions to the State Employees Retirement System of Ohio paid upon behalf uponbehalf of the Members of the Bargaining Unit under the following terms and conditions: 1. The amount to be "picked-up" on behalf of each Member of the Bargaining Unit shall be the amount required to be contributed by the SERS of the employee's gross annual compensationannualcompensation. The employee's annual compensation shall be reduced by an amountequal to the amount "picked-up" by the Board for the purpose of State and Federal taxonly. 2. The pick-up percentage shall apply uniformly to all Members of the Bargaining Unit as a condition of employment. 3. The pick-up shall apply to all compensation. 4. The parties agree that should the rules and regulations of IRS, or retirement system change, making this procedure unworkable, the parties agree to return, withoutpenalty, to the former method of employee/employer contributions. 5. Payment of sick leave, personal leave, severance and supplementals, including unemployment and worker's compensation, shall be based on the employee's dailygross pay prior to reduction as basis (e.g., gross pay divided by the number of days inthe employee's contract). B. The amount designated as "pick-up", by the Board shall be included in computing final averagesalary, provided that the employee's total salary is not increased by such "pick-up", or if the Board's total contribution to the State Employees Retirement System of Ohio increased therebyincreasedthereby.

SERS PICK-UP. A. The Grandview Heights Heath City Board of Education herewith agrees to "“pick-up", ” utilizing the salary reduction method, method contributions to the State School Employees Retirement System of Ohio paid upon behalf of the Members of the Bargaining Unit under the following terms and conditions:. 1. The amount to be "“picked-up" ” on behalf of each Member of the Bargaining Unit shall be the amount required to be contributed by the SERS of the employee's ’s gross annual compensation. The employee's ’s annual compensation shall be reduced by an amountequal amount equal to the amount "“picked-up" ” by the Board for the purpose of State and Federal taxonlytax only. 2. The pick-up percentage shall apply uniformly to all Members of the Bargaining Unit as a condition of employment. 3. The pick-up shall apply to all compensation. 4. The parties agree that should the rules and regulations of IRS, or retirement system change, change making this procedure unworkable, the parties agree to return, withoutpenaltywithout penalty, to the former method of employee/employer contributions. 5. Payment of for sick leave, personal leave, severance and supplementals, including unemployment and worker's ’s compensation, shall be based on the employee's dailygross ’s daily gross pay prior to reduction as basis (e.g., gross pay divided by the number of days inthe in the employee's ’s contract). B. . The amount designated as "pick“picked-up", ” by the Board shall be included in computing final averagesalaryaverage salary, provided that the employee's ’s total salary is not increased by such "“pick-up"”, or if nor is the Board's ’s total contribution to the State School Employees Retirement System of Ohio increased thereby.