STRS Tax Deferred Pick-Up Sample Clauses

STRS Tax Deferred Pick-Up a. The Treasurer of the Board shall 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 mandatory salary reduction from the contract salary otherwise payable to such certified employee.
AutoNDA by SimpleDocs

Related to STRS Tax Deferred Pick-Up

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

Time is Money Join Law Insider Premium to draft better contracts faster.