Shelter Teacher Retirement Contribution Sample Clauses

Shelter Teacher Retirement Contribution. In addition to each Teacher’s salary, the Board shall pay on behalf of the Teacher the full amount of an Employer paid pension contribution to the Teachers’ Retirement System pursuant to 40 ILCS 5/16-152, et seq In addition to each Teacher’s salary, the Board shall pay such percentage as may be required by law on behalf of the Teacher to the Teacher Health Insurance Security Fund. The Board will continue to pay to TRS from future established compensation schedules, on behalf of each Teacher, the required percentage of the Teacher’s respective gross schedule earnings. Should any of the above be declared improper by an IRS ruling or opinion, that clause or portion thereof shall be deleted from this agreement to the extent that it violates the ruling or opinion
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Shelter Teacher Retirement Contribution. As provided by law, the Board agrees to pay to the Teachers’ Retirement System (TRS) on behalf of each teacher under the “salary add-on method” an amount up to nine per cent (9%) of the teacher’s creditable earnings for each fiscal year during the term of this Agreement. The Board will continue making TRS contributions of 9% as long as the 9% level is allowed by law. If during the term of this Agreement the 9% level of contribution is reduced by law, the Association acknowledges that employees are not entitled to the excess between a lesser contribution percentage and the 9% level, but retain the right to engage in good faith negotiations on this subject as provided hereinafter. In the event the law is changed or modified after July 1, 2017, concerning the obligations of teachers and/or the Board in making pension contributions, either party may serve upon the other party a written notice to reopen bargaining pertaining only to 8.2. If such a notice to
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Shelter Teacher Retirement Contribution. 39 40 From the established salary schedule, according to authority granted by the 41 Pension Reform Act of 1974, Section 414(h)(2) of the Internal Revenue Code, the 42 Board of Education shall pick up the employee’s Teacher Retirement System
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Related to Shelter Teacher Retirement Contribution

  • Retirement Contribution The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications. Corrections Firearms Instructor Oil & Hazardous Material Responder I Oil & Hazardous Material Responder II

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • Oregon Public Service Retirement Plan Pension Program Members For purposes of this Section 2, “employee” means an employee who is employed by the State on or after August 29, 2003 and who is not eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

  • RETIREMENT PICK-UP 257. For the term of this Agreement, the CITY shall pick up the full amount of the employees’ contribution to retirement.

  • Non-Vested Retirement Gratuity for Teachers 1. The minimum years of service for retirement gratuity shall be defined as the lesser of the contractual minimal service requirement in the 2008-2012 collective agreement, or ten (10) years.

  • VESTED RETIREMENT GRATUITY VOLUNTARY EARLY PAYOUT a) An Employee eligible for a Sick Leave Credit retirement gratuity as per Appendix A shall have the option of receiving a payout of his/her gratuity on August 31, 2016, or on the employee’s normal retirement date.

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