Tax Shelter of S.T. R.S. Contributions The S.T.R.S. contribution which has been paid by the employee directly to S.T.R.S. will be paid on behalf of the employee by the Board of Education, therefore, producing a tax shelter of the employee's contribution. This will be for the full amount and will take effect with the start of the 1989-90 contract. The pickup will be of no cost to the Board of Education and is solely for the purpose of reducing the current tax rate of the unit member. This will remain in effect so long as revenue rating ruling #77-462 remains unchanged. The employees are responsible for reviewing the relation between pickup and their other tax deferred arrangement.
