Common use of STRS Sers Pick Up Clause in Contracts

STRS Sers Pick Up. The Board of Education's automatic "pick-up" of the bargaining unit member's portion of the retirement system salary contribution through the salary reduction/reinstatement method will continue for the duration of this Agreement. The Board of Education will not deduct federal or state taxes on the amount of the member's contribution to the retirement system, and appropriate notations will be made on the member's W-2 form. The amount designated as "picked up" by the Board of Education shall be included in computing the employee's daily rate for the purpose of sick leave conversion upon retirement, provided however, that no employee's total gross income shall be increased by such "pick up" nor shall the Board of Education's total contribution to the STRS/SERS be increased thereby. This procedure shall remain in effect so long as the revenue rulings permit such "pick-up" and it is otherwise legal.

STRS Sers Pick Up. ‌ The Board of Education's automatic "pick-up" of the bargaining unit member's portion of the retirement system salary contribution through the salary reduction/reinstatement method will continue for the duration of this Agreement. The Board of Education will not deduct federal or state taxes on the amount of the member's contribution to the retirement system, and appropriate notations will be made on the member's W-2 form. The amount designated as "picked up" by the Board of Education shall be included in computing the employee's daily rate for the purpose of sick leave conversion upon retirement, provided however, that no employee's total gross income shall be increased by such "pick up" nor shall the Board of Education's total contribution to the STRS/SERS be increased thereby. This procedure shall remain in effect so long as the revenue rulings permit such "pick-up" and it is otherwise legal.