Common use of STRS Tax-Deferred Payroll Deduction Plan for the Purchase of Service Credit Clause in Contracts

STRS Tax-Deferred Payroll Deduction Plan for the Purchase of Service Credit. 1. The Board shall make the STRS Tax-Deferred Payroll Deductions Plan available to bargaining unit members. The Plan will be in accordance with IRS regulations governing employer pickup and STRS Ohio laws and rules. The implementation and ongoing maintenance of the Plan shall be at no cost to the Board.