State Teachers Retirement System STRS. PICKUP The total annual salary of each bargaining unit member shall be payable by the Board in two (2) parts:
State Teachers Retirement System STRS. The Versailles Exempted Village School District Board of Education shall designate each employee’s mandatory contribution to the State Teachers Retirement System (STRS) of Ohio as “picked- up/deferred” by the Board although the contribution shall continue to be designated as employee contributions. The amount of the employee’s income reported by the Board and subject to the federal and state income taxes shall be the employee’s total gross income reduced by the mandatory employee contribution. In the event an adverse determination from either the Board’s legal advisor or the Internal Revenue Service is rendered which affects the qualifying status of this “pick-up/deferral” plan, the plan shall be rendered null and void. This change took effect with the September 6, 1985 payroll.
State Teachers Retirement System STRS. A. PICK-UP UTILIZING THE SALARY REDUCTION METHOD The Board shall designate each employee's mandatory contributions to the State Teachers Retirement System of Ohio as "picked-up" by the Board. This action will be as contemplated by Internal Revenue Service Ruling 77-464 and 81-36, although such pick up shall continue to be designated as employee contributions as permitted by Attorney General Opinion 82- 097, in order that the amount of the employee’s income reported by the Board as subject to federal and Ohio income taxes shall be the employee’s total gross income reduced by the then current mandated percentage amount of the employee’s mandatory State Teachers Retirement System contribution. No employee's total salary shall be increased by such pick up, nor shall the Board's total contribution to the State Teachers Retirement System be increased thereby. This action shall be subject to the following stipulations: The pick-up percentage shall apply uniformly to all members of the bargaining unit as a condition of employment. The pick-up shall apply to all compensation including supplemental earnings thereafter.
State Teachers Retirement System STRS. Shelter The Board agrees to shelter the employee’s STRS contribution.
State Teachers Retirement System STRS. If the District and Charter School agree to utilize the District for preparing and submitting STRS reporting for the Charter School, the Charter School shall reimburse the District for the actual costs of administration of STRS records and the submission of required reports.
State Teachers Retirement System STRS. 11.6.1 Unit members will be enrolled in STRS.
State Teachers Retirement System STRS
