STRS. The employee shall receive retirement credit as if he/she were employed on a full-time basis. Both employee and the District shall contribute to the STRS the amount that would have been contributed if the member were employed on a full- time basis.
STRS. The employee and the District shall make contributions to the STRS in proportion to the load worked, and the employee shall receive proportionate service credit.
STRS. The twelve (12) month deductions shall continue in effect until legal requirements by the State legislate it otherwise.
STRS. “PICK-UP” UTILIZING THE SALARY REDUCTION METHOD The Southeast Local Board of Education agrees with the Southeast Local Teachers’ Association to STRS “pick-up” utilizing the salary reduction method contributions to the State Teachers Retirement System paid upon behalf of the employees, at no cost to the Board, in the bargaining unit, under the following terms and conditions:
STRS. Instructors are covered under STRS after they are paid for fifty-nine (59) or more hours of teaching in any one (1) month. At that time, the service during that month and any subsequent service shall be covered under STRS.
STRS. All bargaining unit members shall have payroll deductions of their contribution to the STRS deducted uniformly from each paycheck.
STRS. Effective July 1, 1984 STRS deduction from the employee’s gross pay will be made available to all certified staff. (Refers to STRS “Annuity Type” deduction – see Board of Education resolution in June 18, 1984 minute record.) Effective July 1, 1980, annuity deductions will be made only for companies having five (5) or more employees enrolled in their program. All current annuities approved by the Treasurer previous to this date will continue to be honored.
STRS. TSCC will provide all necessary payment reports an/or records to the Pickerington Local School district for the purpose of the School to make timely payment of both the “employer” and “employee” contributions to the State Teachers Retirement System (STRS) with regard to the Service Provider(s). Contributions shall be deducted from invoices submitted by TSCC and paid by the Pickerington Local School District.
STRS. The District will continue to participate in the STRS PICK-UP Program (Tax Deferral Program) by which the employee’s contribution to STRS is not considered taxable income.
