Common use of STRS PICK-UP Clause in Contracts

STRS PICK-UP. The Board agrees, as a condition of employment, to tax shelter employee contributions to the State Teacher's Retirement System (STRS) in accordance with State Retirement System and Federal Internal Revenue Service guidelines and restrictions. This section in no way implies that the Board will contribute any portion of the employee's share of retirement contributions. For purposes of this paragraph, total annual salary and salary per pay period of each bargaining unit member shall be the salary otherwise payable under this Agreement, as amended. The total annual salary and salary per pay period of each member shall be payable by the Board in two parts: (1) deferred salary and (2) cash salary. A member's deferred salary shall be equal to that percentage of said member's total annual salary or salary per pay period which is required from time to time by the State Teachers Retirement System (STRS) to be paid as an employee contribution by said member as a pickup of the STRS employee contribution otherwise payable by said member. A member's cash salary shall be equal to said member's total annual salary or salary per period less the amount of the pickup for said member and shall be payable, subject to applicable payroll deductions, to said member. The Board's total combined expenditures for members' total annual salaries otherwise payable under this Agreement, as amended, (including pickup amounts) and its employer contributions to STRS shall not be greater than the amounts it would have paid for those items had this provision not been in effect. The Board shall compute and remit its employer contributions to STRS based upon total annual salary, including the "pickup". The Board shall report for Federal and Ohio income tax purposes as a member's gross income said member's total annual salary less the amount of the "pickup". The Board shall report for municipal income tax purposes as a member's gross income said member's total annual salary, including the amount of the pickup. The pickup shall be included in the member's total annual salary for the purpose of computing daily rate of pay, for determining paid salary adjustments to be made due to absence, or for any other similar purpose. The pickup shall apply to all payroll payments made after the effective date of this provision. Should the Board's payment of deferred salary cause an individual bargaining unit member's annuity contributions to exceed the IRS permissible level, any such individual shall have the right to adjust annuity deductions within thirty (30) days of the effective date of this provision.

STRS PICK-UP. 1. The Treasurer of the Chippewa Local Board agrees, as a condition of employment, to tax shelter employee contributions Education shall contribute to the State Teacher's Employees Retirement System (STRS) ), in accordance with State Retirement System and Federal Internal Revenue Service guidelines and restrictionsaddition to the Board’s required employer contribution; an amount equal to each employee’s contribution in lieu of payment to such employee. This section in no way implies that The amount contributed by the Board will contribute any portion on behalf of the employee's share of retirement contributionsemployee shall be treated as a mandatory salary reduction from the contract salary otherwise payable to such certified employees. 2. For purposes of this paragraph, The total annual salary and salary per pay period of for each bargaining unit member employee shall be the salary otherwise payable under this Agreement, as amendedtheir contracts. The total annual salary and salary per pay period of each member shall be payable by the Board in two (2) parts: : (1) deferred salary and (2) cash salary. A member's An employee’s deferred salary shall be equal to that percentage of said member's total annual salary or salary per pay period which is required from time to time by the State Teachers Retirement System (STRS) to be paid as an employee employee’s contribution by said member employee as a pickup “pick-up” of the STRS employee contribution otherwise payable by said memberthe employee. A member's An employee’s cash salary shall be equal to said member's employee’s total annual salary or salary per period less the amount of the pickup “pick-up” for said member employee and shall be payable, subject to applicable payroll deductionsdeduction, to said memberemployee. 3. The Board's ’s total combined expenditures for members' employee’s total annual salaries otherwise payable under this Agreement, as amended, their contracts (including pickup “pick-up” amounts) and its employer contributions to STRS shall not be greater than the amounts it would have paid for those items had this provision not been in effect. 4. The Board shall compute and remit its employer contributions to STRS based upon the total annual salary, including the "pickup". “pick-up.” The Board shall report for Federal federal and Ohio income tax purposes as a member's an employee’s gross income said member's employee’s total annual salary less than the amount of the "pickup". “pick-up.” The Board shall report for municipal income tax purposes as a member's an employee’s gross income said member's employee’s total annual salary, including the amount of the pickup“pick-up.” The Board shall compute income tax withholding based upon gross income as reported to the respective tax authorities. 5. The pickup “pick-up” shall be included in the member's employee’s total annual salary for the purpose of computing daily rate of pay, for determining paid salary adjustments to be made due to absence, or for any other similar purposepurposes. 6. The pickup “pick-up” shall be a uniform percent for all certified employees, and it shall apply to all payroll payments made after the effective date of this provisionprovision and shall not be at the individual employee’s option. 7. Should The provision shall be effective and the Board's payment “pick-up” shall apply to all payroll payments made after September 1, 1984. 8. The current taxation or deferred taxation of deferred salary cause an individual bargaining unit member's annuity contributions to exceed the “pick-up” is determined solely by the Internal Revenue Service (IRS) and compliance with this section does not guarantee that the tax on the “pick-up” will be deferred. If the IRS permissible levelor other governmental entity declares the “pick-up” not to be tax deferred, any such individual this section shall have be null and void and the right STRS contribution procedure in place prior to adjust annuity deductions within thirty (30) days of the effective date of this provisionprovision shall be in effect.

STRS PICK-UP. A. The Treasurer of the Board agreesshall contribute to STRS, in addition to the Board’s required employer contribution, an amount equal to each employee’s contribution in lieu of payment to such employee. The amount contributed by the Board on behalf of the employee shall be treated as a condition of employment, mandatory salary reduction from the contract salary otherwise payable to tax shelter employee contributions to the State Teacher's Retirement System (STRS) in accordance with State Retirement System and Federal Internal Revenue Service guidelines and restrictions. This section in no way implies that the Board will contribute any portion of the employee's share of retirement contributions. For purposes of this paragraph, such certified employees. B. The total annual salary and salary per pay period of for each bargaining unit member employee shall be the salary otherwise payable under this Agreementtheir contracts, as amendedincluding supplemental duty earnings, if any. The total annual salary and salary per pay period of each member shall be payable by the Board in two (2) parts: (1) deferred salary salary; and (2) cash salary. A member's An employee’s deferred salary shall be equal to that percentage of said member's employee’s total annual salary or salary per pay period which is required from time to time by the State Teachers Retirement System (STRS) STRS to be paid as an employee contribution by said member employee and shall be paid by the Board to STRS on behalf of said employee as a pickup “pick-up” of the STRS employee contribution otherwise payable by said memberto the employee. A member's An employee’s cash salary shall be equal to said member's employee’s total annual salary or salary per period less the amount of the pickup “pick-up” for said member employee and shall be payable, subject to applicable payroll deductions, to said member. employee. C. The Board's ’s total combined expenditures for members' employees’ total annual salaries otherwise payable under this Agreement, as amended, their contracts (including pickup “pick-up” amounts) and its employer contributions to STRS shall not be greater than the amounts it would have paid for those items had this provision not been in effect. . D. The Board shall compute and remit its employer contributions to STRS based upon the total annual salary, including the "pickup"“pick-up”. The Board shall report for Federal federal and Ohio income tax purposes as a member's an employee’s gross income said member's employee’s total annual salary less the amount of the "pickup"“pick-up”. The Board shall report for municipal income tax purposes as a member's an employee’s gross income said member's employee’s total annual salary, salary including the amount of the pickup“pick-up”. The pickup Board shall compute income tax withholding based upon gross income as reported to the respective tax authorities. E. The “pick-up” shall be included in the member's employee’s total annual salary for the purpose of computing daily rate of pay, for determining paid salary adjustments to be made due to absence, or for any other similar purpose. purposes. F. The pickup “pick-up” shall be a uniform percent for all certified employees, and it shall apply to all payroll payments made after the effective date of this provisionprovision and shall not be at the individual employee’s option. G. This provision shall be effective and the “pick-up” shall apply to all payroll payments made after September 1, 1990. H. STRS pick-up shall not affect unemployment compensation, sick leave, workers’ compensation, severance pay, or any other calculation based upon the negotiated BA-0 salary base for the duration of this Agreement. I. The current taxation or deferred taxation of the “pick-up” is determined solely by the Internal Revenue Service (IRS), and compliance with this section does not guarantee that the tax on the “pick-up” will be deferred. Should the Board's payment of deferred salary cause an individual bargaining unit member's annuity contributions to exceed If the IRS permissible levelor other governmental entity declares the “pick-up” not to be tax deferred, any such individual this section shall have be null and void and the right STRS contribution procedure in place prior to adjust annuity deductions within thirty (30) days of the effective date of this provisionprovision shall be in effect. J. In addition, the Board shall pick-up (assume and pay) two percent (2%) of each employee’s contribution to the State Teachers Retirement System (STRS).

STRS PICK-UP. The Board agrees, as a condition of employment, to tax shelter employee contributions to the State Teacher's Retirement System (STRS) in accordance with State Retirement System and Federal Internal Revenue Service guidelines and restrictions. This section in no way implies that the Board will contribute any portion of the employee's share of retirement contributions. a. For purposes of this paragraphAgreement, total annual salary and or salary per pay period of for each bargaining unit member shall be the any salary otherwise payable under this Agreement, as amendedwhich shall be the member's contracted annual salary determined from the current salary schedule and the current supplemental salary index. The total annual salary and or salary per pay period of each member shall be payable by the Board in two (2) parts: (1) deferred salary and (2) cash salary. A member's deferred salary shall be equal to that percentage of said member's total annual salary or salary per pay period which is required from time to time by the Ohio State Teachers Retirement System (STRS) to be paid as an employee contribution by said member and shall be paid by the Board to STRS on behalf of said member as a pickup "pick-up" of the STRS employee contribution otherwise payable by said member. A member's cash salary shall be equal to said member's total annual salary or salary per pay period less the amount of the pickup "pick-up” for said member and shall be payable, subject to applicable payroll deductions, to said member. The Board's total combined expenditures for members' total annual salaries or salaries per pay period otherwise payable under this Agreement, as amended, amended (including pickup "pick-up” amounts) and its employer contributions to STRS shall not be greater than the amounts it would have paid for those items had this provision not been in effect. . b. The Board shall compute and remit its employer contributions to STRS based upon total annual salarysalary or salary per pay period, including the "pickup". pick-up." The Board shall report for Federal and Ohio income tax purposes as a member's gross income said member's total annual salary or salary per pay period, less the amount of the "pickup". pick- up." The Board shall report for municipal Municipal income tax purposes as a member's gross income said member's ’s total annual salarysalary or salary per pay period, including the amount of the pickup. "pick-up.” The pickup Board shall compute income tax withholding based upon gross income as reported to the respective taxing authorities. c. The deferred salary and cash salary under the portion determined from the current salary schedule shall be included in combined as the member's total contracted annual salary for the purpose of computing the daily rate of pay, for determining paid salary adjustments to be made due to absence, or for any other similar purpose. The pickup shall apply to all payroll payments made after the effective date of this provision. Should the Board's payment of deferred salary cause an individual bargaining unit member's annuity contributions to exceed the IRS permissible level, any such individual shall have the right to adjust annuity deductions within thirty (30) days of the effective date of this provision.

STRS PICK-UP. A. The Treasurer of the Board agreesshall contribute to STRS, in addition to the Board’s required employer contribution, an amount equal to each employee’s contribution in lieu of payment to such employee beginning with the payroll of the 1990-91 school year. The amount contributed by the Board on behalf of the employee shall be treated as a condition of employment, mandatory salary reduction from the contract salary otherwise payable to tax shelter employee contributions to the State Teacher's Retirement System (STRS) in accordance with State Retirement System and Federal Internal Revenue Service guidelines and restrictions. This section in no way implies that the Board will contribute any portion of the employee's share of retirement contributions. For purposes of this paragraph, such certified employees. B. The total annual salary and salary per pay period of for each bargaining unit member employee shall be the salary otherwise payable under this Agreementtheir contracts, as amendedincluding supplemental duty earnings, if any. The total annual salary and salary per pay period of each member shall be payable by the Board in two (2) parts: (1) deferred salary salary; and (2) cash salary. A member's An employee’s deferred salary shall be equal to that percentage of said member's employee’s total annual salary or salary per pay period which is required from time to time by the State Teachers Retirement System (STRS) STRS to be paid as an employee contribution by said member employee and shall be paid by the Board to STRS on behalf of said employee as a pickup “pick-up” of the STRS employee contribution otherwise payable by said memberto the employee. A member's An employee’s cash salary shall be equal to said member's employee’s total annual salary or salary per period less the amount of the pickup “pick-up” for said member employee and shall be payable, subject to applicable payroll deductions, to said member. employee. C. The Board's ’s total combined expenditures for members' employees’ total annual salaries otherwise payable under this Agreement, as amended, their contracts (including pickup “pick-up” amounts) and its employer contributions to STRS shall not be greater than the amounts it would have paid for those items had this provision not been in effect. . D. The Board shall compute and remit its employer contributions to STRS based upon the total annual salary, including the "pickup"“pick-up”. The Board shall report for Federal federal and Ohio income tax purposes as a member's an employee’s gross income said member's employee’s total annual salary less the amount of the "pickup"“pick-up”. The Board shall report for municipal income tax purposes as a member's an employee’s gross income said member's employee’s total annual salary, salary including the amount of the pickup“pick-up”. The pickup Board shall compute income tax withholding based upon gross income as reported to the respective tax authorities. E. The “pick-up” shall be included in the member's employee’s total annual salary for the purpose of computing daily rate of pay, for determining paid salary adjustments to be made due to absence, or for any other similar purpose. purposes. F. The pickup “pick-up” shall be a uniform percent for all certified employees, and it shall apply to all payroll payments made after the effective date of this provisionprovision and shall not be at the individual employee’s option. G. This provision shall be effective and the “pick-up” shall apply to all payroll payments made after September 1, 1990. H. STRS pick-up shall not affect unemployment compensation, sick leave, workers’ compensation, severance pay, or any other calculation based upon the negotiated BA-0 salary base for the duration of this Agreement. I. The current taxation or deferred taxation of the “pick-up” is determined solely by the Internal Revenue Service (IRS), and compliance with this section does not guarantee that the tax on the “pick-up” will be deferred. Should the Board's payment of deferred salary cause an individual bargaining unit member's annuity contributions to exceed If the IRS permissible levelor other governmental entity declares the “pick-up” not to be tax deferred, any such individual this section shall have be null and void and the right STRS contribution procedure in place prior to adjust annuity deductions within thirty (30) days of the effective date of this provisionprovision shall be in effect. J. In addition, the Board shall pick-up (assume and pay) two percent (2%) of each employee’s contribution to the State Teachers Retirement System (STRS).

STRS PICK-UP. A. The Treasurer of the Board agreesshall contribute to STRS, in addition to the Board’s required employer contribution, an amount equal to each employee's contribution in lieu of payment to such employee. The amount contributed by the Board on behalf of the employee shall be treated as a condition of employment, mandatory salary reduction from the contract salary otherwise payable to tax shelter employee contributions to the State Teacher's Retirement System (STRS) in accordance with State Retirement System and Federal Internal Revenue Service guidelines and restrictions. This section in no way implies that the Board will contribute any portion of the employee's share of retirement contributions. For purposes of this paragraph, such certified employees. B. The total annual salary and salary per pay period of for each bargaining unit member employee shall be the salary otherwise payable under this Agreementtheir contracts, as amendedincluding supplemental duty earnings, if any. The total annual salary and salary per pay period of each member shall be payable by the Board in two (2) parts: (1) deferred salary salary; and (2) cash salary. A memberAn employee's deferred salary shall be equal to that percentage of said memberemployee's total annual salary or salary per pay period which is required from time to time by the State Teachers Retirement System (STRS) STRS to be paid as an employee contribution by said member employee and shall be paid by the Board to STRS on behalf of said employee as a pickup “pick-up” of the STRS employee contribution otherwise payable by said memberto the employee. A memberAn employee's cash salary shall be equal to said member's employee’s total annual salary or salary per period less the amount of the pickup “pick-up” for said member employee and shall be payable, subject to applicable payroll deductions, to said member. employee. C. The Board's ’s total combined expenditures for membersemployees' total annual salaries otherwise payable under this Agreement, as amended, their contracts (including pickup “pick-up” amounts) and its employer contributions to STRS shall not be greater than the amounts it would have paid for those items had this provision not been in effect. . D. The Board shall compute and remit its employer contributions to STRS based upon the total annual salary, including the "pickup"“pick-up”. The Board shall report for Federal federal and Ohio income tax purposes as a memberan employee's gross income said member's employee’s total annual salary less the amount of the "pickup"“pick-up”. The Board shall report for municipal income tax purposes as a memberan employee's gross income said member's employee’s total annual salary, salary including the amount of the pickup“pick-up”. The pickup Board shall compute income tax withholding based upon gross income as reported to the respective tax authorities. E. The “pick-up” shall be included in the member's employee’s total annual salary for the purpose of computing daily rate of pay, for determining paid salary adjustments to be made due to absence, or for any other similar purpose. purposes. F. The pickup “pick-up” shall be a uniform percent for all certified employees, and it shall apply to all payroll payments made after the effective date of this provision. Should provision and shall not be at the Boardindividual employee's payment of deferred salary cause an individual bargaining unit member's annuity contributions to exceed the IRS permissible level, any such individual shall have the right to adjust annuity deductions within thirty (30) days of the effective date of this provisionoption.

STRS PICK-UP. The Board agrees, as a condition of employment, to tax shelter employee contributions to the State Teacher's Retirement System (STRS) in accordance with State Retirement System and Federal Internal Revenue Service guidelines and restrictions. This section in no way implies that the Board will contribute any portion of the employee's share of retirement contributions1. For purposes of this paragraphAgreement, total annual salary and or salary per pay period of for each bargaining unit member shall be the any salary otherwise payable under this Agreement, as amendedwhich shall be the member's contracted annual salary determined from the current salary schedule and the current supplemental salary index. The total annual salary and or salary per pay period of each member shall be payable by the Board in two (2) parts: (1) deferred salary and (2) cash salary. A member's deferred salary shall be equal to that percentage of said member's total annual salary or salary per pay period which is required from time to time by the Ohio State Teachers Retirement System (STRS) to be paid as an employee contribution by said member and shall be paid by the Board to STRS on behalf of said member as a pickup "pick-up" of the STRS employee contribution otherwise payable by said member. A member's cash salary shall be equal to said member's total annual salary or salary per pay period less the amount of the pickup “pick-up” for said member and shall be payable, subject to applicable payroll deductions, to said member. The Board's total combined expenditures for members' total annual salaries or salaries per pay period otherwise payable under this Agreement, as amended, amended (including pickup “pick-up” amounts) and its employer contributions to STRS shall not be greater than the amounts it would have paid for those items had this provision not been in effect. 2. The Board shall compute and remit its employer contributions to STRS based upon total annual salarysalary or salary per pay period, including the "pickup". pick- up." The Board shall report for Federal and Ohio income tax purposes as a member's gross income said member's total annual salary or salary per pay period, less the amount of the "pickup". pick- up." The Board shall report for municipal Municipal income tax purposes as a member's gross income said member's ’s total annual salarysalary or salary per pay period, including the amount of the pickup“pick- up.” The Board shall compute income tax withholding based upon gross income as reported to the respective taxing authorities. 3. The pickup deferred salary and cash salary under the portion determined from the current salary schedule shall be included in combined as the member's total contracted annual salary for the purpose of computing the daily rate of pay, for determining paid salary adjustments to be made due to absence, or for any other similar purpose. The pickup shall apply to all payroll payments made after the effective date of this provision. Should the Board's payment of deferred salary cause an individual bargaining unit member's annuity contributions to exceed the IRS permissible level, any such individual shall have the right to adjust annuity deductions within thirty (30) days of the effective date of this provision.