Common use of STRS PICK-UP Clause in Contracts

STRS PICK-UP. The Board herewith agrees to pick up (assume and pay) contributions to the State Teachers Retirement System (or State Employees Retirement System) on behalf of the unit members in the bargaining unit on the following terms and conditions: 1. The amount to be picked up and paid on behalf of each unit member shall be the then- existing unit member's contribution as determined by STRS (or SERS) and required by law. The unit member'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 unit members. 3. No unit member covered by this provision shall have the option to elect a wage increase or other benefits in lieu of the employer pick-up. 4. The pick-up shall apply to all compensation including supplemental earnings. Section F.

STRS PICK-UP. The Board herewith agrees to pick pick-up (assume and pay) contributions to the State Teachers Teachers' Retirement System (or State Employees Retirement SystemSTRS) on behalf of the unit members in the certificated/licensed bargaining unit on member at no additional cost to the following terms and conditionsBoard as follows: 1. The amount to be picked picked-up and paid on behalf of each bargaining unit member shall be equal to that assessed by STRS of the then- existing bargaining unit member's contribution as determined by STRS (or SERS) and required by lawcompensation. The bargaining unit member's annual compensation shall be reduced by an amount equal to the amount picked picked-up and paid by the Board.; 2. The pick-up percentage shall apply uniformly to all bargaining unit members.; 3. No bargaining unit member covered by this provision shall have the option to elect a wage increase or other benefits benefit in lieu of the employer Employer pick-up.; and 4. The pick-up shall apply to all compensation including supplemental earnings. Section F..