Common use of STRS PICKUP Clause in Contracts

STRS PICKUP. a. The Board shall assume and pay, or pickup, the mandatory employee contribution to STRS required for all STRS participants, subject to the provisions of this Section, in lieu of payment of those contributions by said members. b. For purposes of this Pickup Plan, total salary or salary per pay period for each member shall be the salary otherwise payable under their contracts and applicable Board policies. The total annual salary or salary per pay period of each member shall be payable by the Board in two parts: (1) deferred annual 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 “pickup” of the STRS employee contribution otherwise payable by said member. A unit member’s cash salary shall be equal to said unit member’s total annual salary or salary per pay 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 combined total expenditures for unit members’ total annual salaries or salaries per pay period otherwise payable under this Section (including pickup amounts and its employer contributions to STRS) shall not be greater than the amount it would have paid for those items had this provision not been in effect. c. The Board shall compute and remit its employer contributions to STRS based upon total annual salary or salary per pay period, including the “pickup.” The Board shall report for federal and Ohio income tax purposes as a unit member’s gross income said member’s total annual salary or salary per pay period, 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 or salary per pay period, including the amount of the “pickup,” the Board shall compute income tax withholding based upon gross income as reported to the respective taxing authorities. d. The “pickup” shall be included in the member’s total annual salary or salary per pay period 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. e. The Pickup Plan shall be effective within 60 days after this Agreement is executed. The Plan shall terminate immediately if any provision hereof is determined to be contrary to law or if employer pickup should no longer be authorized by the Internal Revenue Service, Ohio Attorney General or by the Ohio State Teachers Retirement System.

STRS PICKUP. a. The Board shall assume and pay, or pickup, the mandatory employee contribution to STRS required for all STRS participants, subject to the provisions of this Section, in lieu of payment of those contributions by said members. b. For purposes of this Pickup Plan, total salary or salary per pay period for each member shall be the salary otherwise payable under their contracts and applicable Board policies. The total annual salary or salary per pay period of each member shall be payable by the Board in two parts: : (1) deferred annual 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 “pickup” of the STRS employee contribution otherwise payable by said member. A unit member’s cash salary shall be equal to said unit member’s total annual salary or salary per pay 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 combined total expenditures for unit members’ total annual salaries or salaries per pay period otherwise payable under this Section (including pickup amounts and its employer contributions to STRS) shall not be greater than the amount it would have paid for those items had this provision not been in effect. c. The Board shall compute and remit its employer contributions to STRS based upon total annual salary or salary per pay period, including the “pickup.” The Board shall report for federal and Ohio income tax purposes as a unit member’s gross income said member’s total annual salary or salary per pay period, 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 or salary per pay period, including the amount of the “pickup,” the Board shall compute income tax withholding based upon gross income as reported to the respective taxing authorities. d. The “pickup” shall be included in the member’s total annual salary or salary per pay period 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. e. The Pickup Plan shall be effective within 60 days after this Agreement is executed. The Plan shall terminate immediately if any provision hereof is determined to be contrary to law or if employer pickup should no longer be authorized by the Internal Revenue Service, Ohio Attorney General or by the Ohio State Teachers Retirement System.

STRS PICKUP. a. The Board shall assume and pay, or pickup, the mandatory employee contribution to STRS required for all STRS participants, subject to the provisions of this Section, in lieu of payment of those contributions by said members. b. For purposes of this Pickup PlanArticle, total annual salary or and salary per pay period for each bargaining unit member shall be the salary otherwise payable under their contracts and applicable Board policiesthis Agreement, as amended. The total annual salary or and salary per pay period of each member shall be payable by the Board in two parts: : (1) deferred annual 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 “pickuppick-up” of the STRS employee contribution otherwise payable by said member. A unit member’s cash salary shall be equal to said unit member’s total annual salary or salary per pay 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 total expenditures for unit members’ total annual salaries or salaries per pay period otherwise payable under this Section Agreement, as amended, (including pickup amounts amounts) and its employer contributions to STRS) STRS shall not be greater than the amount amounts it would have paid for those items had this provision not been in effect. c. 1. The Board shall compute and remit its employer contributions to STRS based upon total annual salary or salary per pay periodsalary, including the “pickup.” The Board shall report for federal and Ohio income tax purposes as a unit member’s gross income said member’s total annual salary or salary per pay period, 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 or salary per pay periodsalary, including the amount of the “pickup,” the . The Board shall compute income tax withholding based upon gross income as reported to the respective taxing authorities. d. 2. The “pickup” pickup shall be included in the member’s total annual salary or salary per pay period 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. e. The Pickup Plan shall be effective within 60 days after this Agreement is executed3. The Plan shall terminate immediately if any provision hereof is determined to be contrary to law or if employer pickup should no longer be authorized by Should the Internal Revenue ServiceService determine that the deferred salary would be treated as current taxable income for federal income tax purposes, Ohio Attorney General or by the Ohio State Teachers Retirement Systemthis section will be void and inoperable.

STRS PICKUP. a. The Board shall assume and pay, or pickup, the mandatory employee contribution to STRS required for all STRS participants, subject to the provisions of this Section, in lieu of payment of those contributions by said members. b. For purposes of this Pickup PlanArticle, total annual salary or and salary per pay period for each bargaining unit member shall be the salary otherwise payable under their contracts and applicable Board policiesthis Agreement, as amended. The total annual salary or and salary per pay period of each member shall be payable by the Board in two parts: : (1) deferred annual salary and (2) cash salary. A member’s 's deferred salary shall be equal to that percentage of said member’s '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 “pickup” a "pick-up" of the STRS employee contribution otherwise payable by said member. A unit member’s 's cash salary shall be equal to said unit member’s 's total annual salary or salary per pay 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 's total combined total expenditures for unit members’ ' total annual salaries or salaries per pay period otherwise payable under this Section Agreement, as amended, (including pickup amounts amounts) and its employer contributions to STRS) STRS shall not be greater than the amount amounts it would have paid for those items had this provision not been in effect. c. 1. The Board shall compute and remit its employer contributions to STRS based upon total annual salary or salary per pay periodsalary, including the “"pickup.” ". The Board shall report for federal and Ohio income tax purposes as a unit member’s 's gross income said member’s 's total annual salary or salary per pay period, less the amount of the “"pickup.” ". The Board shall report for municipal income tax purposes as a member’s 's gross income said member’s 's total annual salary or salary per pay periodsalary, including the amount of the “pickup,” the . The Board shall compute income tax withholding based upon gross income as reported to the respective taxing authorities. d. 2. The “pickup” pickup shall be included in the member’s 's total annual salary or salary per pay period 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. e. The Pickup Plan shall be effective within 60 days after this Agreement is executed3. The Plan shall terminate immediately if any provision hereof is determined to be contrary to law or if employer pickup should no longer be authorized by Should the Internal Revenue ServiceService determine that the deferred salary would be treated as current taxable income for federal income tax purposes, Ohio Attorney General or this section will be void and inoperable. 4. This provision will become effective with the first pay after the effective date of this Agreement 5. Employees may have a payroll deduction to purchase service credit from STRS on a pre-tax basis upon approval of such plan by the Ohio IRS. The payroll deduction will not commence without a signed authorization by the employee. 6. The Board will assume and pay to the State Teachers retirement System (STRS) or the School Employees Retirement SystemSystem (SERS) on behalf of members of the teachers bargaining unit 1.0% of the contribution otherwise payable by bargaining unit members without reduction in gross salary.

STRS PICKUP. a. A. The Board shall assume and pay, or pickup, the mandatory employee contribution to STRS required for all STRS participants, subject to the provisions of this Section, in lieu of payment of those contributions by said members. b. B. For purposes of this Pickup Plan, total salary or salary per pay period for each member shall be the salary otherwise payable under their contracts and applicable Board policies. The total annual salary or salary per pay period of each member shall be payable by the Board in two parts: : (1) deferred annual 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 “pickup” of the STRS employee contribution otherwise payable by said member. A unit member’s cash salary shall be equal to said unit member’s total annual salary or salary per pay 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 combined total expenditures for unit members’ total annual salaries or salaries per pay period otherwise payable under this Section (including pickup amounts and its employer contributions to STRS) shall not be greater than the amount amounts it would have paid for those items had this provision not been in effect. c. C. The Board shall compute and remit its employer contributions to STRS based upon total annual salary or salary per pay period, including the “pickup.” The Board shall report for federal and Ohio income tax purposes as a unit member’s gross income said member’s total annual salary or salary per pay period, 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 or salary per pay period, including the amount of the “pickup,” the Board shall compute income tax withholding based upon gross income as reported to the respective taxing authorities. d. D. The “pickup” shall be included in the member’s total annual salary or salary per pay period 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. e. E. The Pickup Plan shall be effective within 60 days after this Agreement is executed. The Plan shall terminate immediately if any provision hereof is determined to be contrary to law or if employer pickup should no longer be authorized by the Internal Revenue Service, Ohio Attorney General or by the Ohio State Teachers Retirement System.

STRS PICKUP. a. The Board shall assume and pay, or pickup, the mandatory employee contribution to STRS required for all STRS participants, subject to the provisions of this Section, in lieu of payment of those contributions by said members. b. 26.01 For purposes of this Pickup Planparagraph, total salary or annual salary per pay period for each bargaining unit member shall be the salary otherwise payable under their contracts and applicable Board policiesthis agreement, as amended. The total annual salary or and salary per pay period of each member shall be payable by the Board in two parts: : (1) deferred annual salary and (2) cash case 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 required, from time to time by the Ohio State Teachers 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” of the STRS employee contribution otherwise payable by said member. A unit member’s cash salary shall be equal to said unit member’s total annual salary or salary per pay 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 combined total expenditures for unit members’ total annual salaries or salaries per pay period otherwise payable under this Section agreement, as amended, (including pickup amounts amounts) and its employer contributions to STRS) , shall not be greater than the amount amounts it would have paid for those items had this provision not been in effect. c. 26.02 The Board shall compute and remit its employer contributions to STRS based upon total annual salary or salary per pay periodsalary, including the “pickup.” The Board shall report for federal Federal and Ohio income tax purposes as a unit member’s gross income said member’s total annual salary or salary per pay period, 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 or salary per pay periodsalary, including the amount of the “pickup,” the . The Board shall compute income tax withholding based upon gross income as reported to the respective representative taxing authorities. d. 26.03 The “pickup” pickup shall be included in the member’s total annual salary or salary per pay period 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. e. 26.04 The Pickup Plan pickup shall be apply to all payroll payments made after the effective date of this provision. 26.05 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 60 thirty (30) days after of the effective date of this Agreement is executed. The Plan shall terminate immediately if any provision hereof is determined to be contrary to law or if employer pickup should no longer be authorized by the Internal Revenue Service, Ohio Attorney General or by the Ohio State Teachers Retirement Systemprovision.

STRS PICKUP. a. The Board shall assume and pay, or pickup, the mandatory employee contribution to STRS required for all STRS participants, subject to the provisions of this Section, in lieu of payment of those contributions by said members. b. 26.01 For purposes of this Pickup Planparagraph, total salary or annual salary per pay period for each bargaining unit member shall be the salary otherwise payable under their contracts and applicable Board policiesthis agreement, as amended. The total annual salary or and salary per pay period of each member shall be payable by the Board in two parts: : (1) deferred annual salary and (2) cash case salary. A member’s deferred salary shall be equal to that percentage of said member’s total annual salary or salary per pay period period, which is required required, from time to time by the Ohio State Teachers 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” of the STRS employee contribution otherwise payable by said member. A unit member’s cash salary shall be equal to said unit member’s total annual salary or salary per pay 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 combined total expenditures for unit members’ total annual salaries or salaries per pay period otherwise payable under this Section agreement, as amended, (including pickup amounts amounts) and its employer contributions to STRS) , shall not be greater than the amount amounts it would have paid for those items had this provision not been in effect. c. 26.02 The Board shall compute and remit its employer contributions to STRS based upon total annual salary or salary per pay periodsalary, including the “pickup.” The Board shall report for federal Federal and Ohio income tax purposes as a unit member’s gross income said member’s total annual salary or salary per pay period, 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 or salary per pay periodsalary, including the amount of the “pickup,” the . The Board shall compute income tax withholding based upon gross income as reported to the respective representative taxing authorities. d. 26.03 The “pickup” pickup shall be included in the member’s total annual salary or salary per pay period 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. e. 26.04 The Pickup Plan pickup shall be apply to all payroll payments made after the effective date of this provision. 26.05 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 60 thirty (30) days after of the effective date of this Agreement is executed. The Plan shall terminate immediately if any provision hereof is determined to be contrary to law or if employer pickup should no longer be authorized by the Internal Revenue Service, Ohio Attorney General or by the Ohio State Teachers Retirement Systemprovision.

STRS PICKUP. a. The Board shall assume and pay, or pickup, the mandatory employee contribution to STRS required for all STRS participants, subject to the provisions of this Section, in lieu of payment of those contributions by said members. b. 27.01 For purposes of this Pickup Planparagraph, total salary or annual salary per pay period for each bargaining unit member shall be the salary otherwise payable under their contracts and applicable Board policiesthis agreement, as amended. The total annual salary or and salary per pay period of each member shall be payable by the Board in two parts: : (1) deferred annual salary and (2) cash case salary. A member’s deferred salary shall be equal to that percentage of said member’s total annual salary or salary per pay period period, which is required required, from time to time by the Ohio State Teachers 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” of the STRS employee contribution otherwise payable by said member. A unit member’s cash salary shall be equal to said unit member’s total annual salary or salary per pay 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 combined total expenditures for unit members’ total annual salaries or salaries per pay period otherwise payable under this Section agreement, as amended, (including pickup amounts amounts) and its employer contributions to STRS) , shall not be greater than the amount amounts it would have paid for those items had this provision not been in effect. c. 27.02 The Board shall compute and remit its employer contributions to STRS based upon total annual salary or salary per pay periodsalary, including the “pickup.” The Board shall report for federal Federal and Ohio income tax purposes as a unit member’s gross income said member’s total annual salary or salary per pay period, 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 or salary per pay periodsalary, including the amount of the “pickup,” the . The Board shall compute income tax withholding based upon gross income as reported to the respective representative taxing authorities. d. 27.03 The “pickup” pickup shall be included in the member’s total annual salary or salary per pay period 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. e. 27.04 The Pickup Plan pickup shall be apply to all payroll payments made after the effective date of this provision. 27.05 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 60 thirty (30) days after of the effective date of this Agreement is executed. The Plan shall terminate immediately if any provision hereof is determined to be contrary to law or if employer pickup should no longer be authorized by the Internal Revenue Service, Ohio Attorney General or by the Ohio State Teachers Retirement Systemprovision.