Common use of SURS Contributions and Other Deductions Clause in Contracts

SURS Contributions and Other Deductions. the Board shall deduct for faculty a sum of earnings pursuant to section 15-157 of the Illinois Pension Code. the contributions, although designated as employee contributions under the Illinois Pension Code, are being paid by the Board to the state Universities Retirement system (“sURs”) pursuant to section 414(h)(2) of the Internal Revenue Code. Faculty are not permitted to receive the contributions di- rectly instead of having them paid by the Board to sURs. the Board shall pick up these contributions by a reduction in the earnings of the faculty member, pursuant to section 15-157.1 of the Illinois Pension Code. the Board shall further deduct from earnings all monies as required by law or as authorized by the faculty member pursuant to this Agreement, or as otherwise authorized by the Board. such withholding shall include any and all additional amounts required to be paid to sURs for the faculty member. the balance shall be payable to the faculty member as salary installments, as otherwise provided herein.

SURS Contributions and Other Deductions. the ‌ The Board shall deduct for faculty a sum of earnings pursuant to section Section 15-157 of the Illinois Pension Code. the The contributions, although designated as employee contributions under the Illinois Pension Code, are being paid by the Board to the state State Universities Retirement system System (“sURs”"SURS") pursuant to section Section 414(h)(2) of the Internal Revenue Code. Faculty are not permitted to receive the contributions di- rectly directly instead of having them paid by the Board to sURsSURS. the The Board shall pick up these contributions by a reduction in the earnings of the faculty member, pursuant to section 15-Section 15- 157.1 of the Illinois Pension Code. the The Board shall further deduct from earnings all monies as required by law or as authorized by the faculty member pursuant to this Agreement, or as otherwise authorized by the Board. such Such withholding shall include any and all additional amounts required to be paid to sURs SURS for the faculty member. the The balance shall be payable to the faculty member as salary installments, as otherwise provided herein.

SURS Contributions and Other Deductions. the The Board shall deduct for faculty a sum of earnings pursuant to section 15-157 of the Illinois Pension Code. the The contributions, although designated as employee contributions under the Illinois Pension Code, are being paid by the Board to the state Universities Retirement system (“sURs”) pursuant to section 414(h)(2) of the Internal Revenue Code. Faculty are not permitted to receive the contributions di- rectly instead of having them paid by the Board to sURs. the The Board shall pick up these contributions by a reduction in the earnings of the faculty member, pursuant to section 15-157.1 of the Illinois Pension Code. the The Board shall further deduct from earnings all monies as required by law or as authorized by the faculty member pursuant to this Agreement, or as otherwise authorized by the Board. such withholding shall include any and all additional amounts required to be paid to sURs for the faculty member. the The balance shall be payable to the faculty member as salary installments, as otherwise provided herein.