STRS Contributions Sample Clauses

STRS Contributions. No STRS contributions are made on behalf of the Retired Temporary Unit Member by the District or by the unit member if they have already retired with STRS.
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STRS Contributions. The Board shall designate each employee’s contributions to the State Teachers Retirement System of Ohio as “picked up as a salary reduction.”
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STRS Contributions. The Board shall pay the employer’s share of STRS contributions and the unit member shall pay the employee’s share of STRS contributions.
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STRS Contributions. The Board shall pay the employer’s share of STRS contributions as required by law. In addition, the Board shall “pick-up” (pay directly) the employee’s share of retirement contributions to the State Teachers Retirement System on behalf of Superintendent, at the rate in effect, plus all retirement contributions on this picked-up amount (i.e. the Board shall pay the “pick-up on the pick-up” of the employer’s share of Superintendent’s STRS contributions). During the term of this contract, this pick-up shall be a condition of Superintendent’s employment in the School District and shall not be at the Superintendent’s option. It is the intention of the parties that this picked-up amount be included in Superintendent’s compensation for the purpose of calculating retirement benefits. It is also the intention of the parties that this pick-up, together with contributions on the pick- up, be made with respect to all amounts paid under this contract which are recognized by STRS as compensation for retirement purposes. If, during the term of this Contract, legislation is enacted, becomes effective, and is applicable to this Contract, and such legislation would prohibit the payment by the Board of the employee’s share of retirement contributions on Superintendent’s behalf as a fringe benefit pick-up, the Board shall add to Superintendent’s salary the amount of the employee contribution previously picked up as a fringe benefit. The Board shall then deduct such amount from Superintendent’s salary and pay such amount directly to the STRS on Superintendent’s behalf (a salary reduction pick-up). Such salary reduction pick-up shall become a condition of Superintendent’s employment under this Contract, and not at Superintendent’s option. Such adjustments to the salary of Superintendent shall not have the effect of increasing the per diem pay calculations made under any other provision of this Contract.
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STRS Contributions. The Association President’s compensation during this leave will include retirement fund contributions required of the District as employer. The required employer contribution rate will be the contribution rate for additional service credit less the member contribution rate under Government Code Section 22804. The Association President will earn full service credit during the leave of absence and will pay member contributions as prescribed in Government Code Section 22804.
Sample 1
STRS Contributions. The Board shall pay the employer's share of the State Teachers Retirement Systems ("STRS") contributions as required by law. In addition, unless otherwise prohibited by state law, the Board shall "pick-up" (pay directly) the employee's share of Superintendent's total retirement contribution to the STRS on behalf of Superintendent, plus all retirement contributions on this picked-up amount. During the term of this Agreement, to the extent permitted by law, this pick-up shall be a condition of Superintendent's employment in the District and shall not be at Superintendent's option. Such pick-up shall be a fringe-benefit of the entire amount of the employee contribution that Superintendent is required to contribute to STRS, based upon the salary reported to STRS as provided in this Agreement. The amount of the fringe-benefit pick-up in this Agreement shall be considered compensation of the Superintendent, and unless otherwise prohibited by state law, the Board shall pay both the employer and employee's contributions to STRS on the amount of the fringe-benefit pick-up ("pick-up on the pick-up"). At any time following the execution of this Agreement, should either pick-up or pick- up on the pick-up by the Board be prohibited by state law, the Board and Superintendent agree to meet to discuss how to replace the loss of this contractual benefit for the remaining term of this Agreement.
Sample 1

Related to STRS Contributions

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • User Contributions The Website may contain message boards, chat rooms, personal web pages or profiles, forums, bulletin boards, and other interactive features (collectively, "Interactive Services") that allow users to post, submit, publish, display, or transmit to other users or other persons (hereinafter, "post") content or materials (collectively, "User Contributions") on or through the Website. All User Contributions must comply with these Terms of Use. Any User Contribution you post to the site will be considered non-confidential and non- proprietary. By providing any User Contribution on the Website, you grant us and our affiliates and service providers, and each of their and our respective licensees, successors, and assigns the right to use, reproduce, modify, perform, display, distribute, and otherwise disclose to third parties any such material. You represent and warrant that: • You own or control all rights in and to the User Contributions and have the right to grant the license granted above to us and our affiliates and service providers, and each of their and our respective licensees, successors, and assigns. • All of your User Contributions do and will comply with these Terms of Use. You understand and acknowledge that you are responsible for any User Contributions you submit or contribute, and you, not the Company, have full responsibility for such content, including its legality, reliability, accuracy, and appropriateness. We are not responsible or liable to any third party for the content or accuracy of any User Contributions posted by you or any other user of the Website.

  • Annual Contributions □ Check enclosed in the amount of $ representing current contribution for tax year 20 .

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Pension Contributions While on leave pursuant to Section B. of this Article, an employee may make contributions to the appropriate State pension system and will receive service credit for the time the employee is on unpaid leave.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Employer Contributions 16.01 Employer contributions shown in the tables in the attached appendices shall be made on all hours of work performed which are included in computing the eight (8) hours per day and forty (40) hours per week after which overtime is payable and shall be recorded on a standard remittance report provided by the Union and remitted on or before the fifteenth (15th) day of the month following the month for which contributions are due and payable, to the Trust Funds. Hours of work performed are interpreted to mean daily travel time, daily working time, reporting time, and, if the employee is required to perform a welding test, testing time. Contributions for overtime hours will be calculated as straight time hours. The Employer shall provide each employee covered by this Agreement with a statement with each weekly paycheque stating the total number of hours reported for contributions to the Pension and Health & Welfare Funds on behalf of that employee for the period covered by the paycheque. 16.02 All such funds due and payable to the above funds shall be deemed and are considered to be Trust Funds. It is expressly understood that training funds are not wages or benefits due to an employee and industry promotion funds are deemed to be dues for services rendered by the Association. 16.03 The Board of Trustees of the respective Trust Funds shall have authority to promulgate such agreements, plans and/or rules as may be necessary or desirable for the efficient and successful operation and administration of the said Trust Fund, including provisions for an audit, security, surety and/or liquidated damages to the extent that such may be necessary for the protection of the beneficiaries of such Trust Funds. In the event that any Employer is delinquent in his contributions to the above funds for more than thirty (30) days, the Employer and the Association shall be notified of such delinquency. If after five (5) days from such notice such delinquency has not been paid, the Employer shall pay to the applicable funds as liquidated damages, and not as a penalty, an amount equal to ten percent (10%) of the arrears for the month, or part thereof, in which the Employer is in default. Thereafter interest shall accumulate at the rate of two percent (2%) per month (24% per year compounded monthly) on any unpaid arrears, including liquidated damages. 16.04 Any and all agreements, plans or rules established by the Boards of Trustees of the respective Trust Funds shall be appended hereto and shall be deemed to be part of and expressly incorporated herein and the Employer and the Union shall be bound by the terms and provisions thereof. 16.05 The Employer shall not be required to make additional contributions or payments to any Industry Funds established by the Union or its Local Unions nor to any such funds established by Provincial or Territorial Government orders, regulations, or decrees for the purpose of providing similar benefits, it being understood and agreed that the contributions for herein, or any portions thereof shall be deemed to be in lieu of and/or shall be applied as payments to such funds. This provision shall not be applicable to any national funds or plans having general application and established by an Act of the Government of Canada. 16.06 In the Province of Ontario, the Trustees/Administrator of the employee benefit funds referred to in this Agreement shall promptly notify the Local Union of the failure by any Employer to pay any employee benefit contributions required to be made under this Agreement and which are owed under the said funds in order that the Program Administrator of the Ontario Employee Wage Protection Program may deem that there has been an assignment of compensation under the said Program in compliance with the Regulations to the Ontario Employment Standards Amendment Act, 1991, in relation to the Ontario Employee Wage Protection Program. 16.07 The parties hereto agree that contribution rates for the trust funds listed herein do not include any Provincial or Federal taxes.

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

  • Contributions Without creating any rights in favor of any third party, the Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so.

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