STRS PICK-UP WITH REDUCTION. The Board of Education of the Monroeville School District herewith agrees with the Monroeville Teachers Association to pick-up (assume and pay) contributions to the State Teachers Retirement System upon behalf of the employees in the bargaining unit on the following terms and conditions: 1. The amount to be picked up and paid on behalf of each employee shall equal the total mandatory employee contribution as established by STRS. The employee’s annual compensation shall be reduced by an amount equal to the amount picked up and paid by the Board. 2. The pick-up percentage shall apply uniformly to all members of the bargaining unit. 3. No employee covered by this provision shall have the option to elect a wage increase or other benefit in lieu of the employer pick-up. 4. The pick-up shall remain effective and shall apply to all compensation including supplemental earnings thereafter.
Appears in 4 contracts
Samples: Master Agreement, Master Agreement, Master Agreement
