Common use of STRS “PICK-UP” SALARY REDUCTION METHOD Clause in Contracts

STRS “PICK-UP” SALARY REDUCTION METHOD. Each teacher's salary shall be reduced in an amount equal to the teacher's contribution to the State Teacher's Retirement System and paid to STRS on behalf of the teacher. The salary reduction method of STRS payment pickup shall apply uniformly to all teachers, and no teacher covered by STRS shall be exempt. The STRS payment defined herein shall apply to all compensation earned including regular contract and supplemental contract earnings.