Teacher Retirement System. An employee of the OP is eligible for membership in and benefits from the Teacher Retirement System of Texas if the employee would be eligible for membership and benefits if holding the same position at the district.
Teacher Retirement System. Faculty and staff of the School are employees of MISD and will participate in the Teacher Retirement System of Texas. An employee of OP is eligible for membership in and benefits from the Teacher Retirement System of Texas if the employee would be eligible for membership and benefits if holding the same position at MISD.
Teacher Retirement System. For the duration of the contract the Board shall pay to TRS for and on behalf of each teacher, the teacher's retirement contribution equal to nine percent (9.0%) of the teachers gross total creditable earnings (gross salary, extra duty pay/coaching stipend, and/or any other creditable earnings recognized by IRS)
Teacher Retirement System. In addition to the compensation stated in Appendix A, Appendix B and Article X, the Board shall pay on behalf of the teachers to the State of Illinois Teachersʹ Retirement System the teachers’ required contribution to said pension system. The teacher shall not have any right or claim to said amounts, except as they may become available at the time of retirement or resignation from the State of Illinois Teachersʹ Retirement System. All parties acknowledge that the teacher did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the Teachersʹ Retirement System, and further acknowledge that such contributions are made as a condition of employment to secure the teacher’s future services, knowledge and experience. Such contributions on salaries are reflected on the salary schedules in Appendix A.
Teacher Retirement System. The Board shall deduct and remit a sum equal to nine point four percent (9.4%) or any future amount dictated by Illinois Pension Reform or changes enacted by the Illinois State Legislature or the Teachers' Retirement System of the State of Illinois of the amount due each certified staff member as set forth on the Salary Schedule to the Illinois State Teachers' Retirement System. It is the intention of the parties to qualify these payments as picked up and paid by the Board, on the certified staff members’ behalf, as employer payments pursuant to Section 414(h) of The Illinois Code, and the Pension Reform Act of 1986. The Board does not warrant that the deduction made from certified staff members’ salaries pursuant to this paragraph are deemed excludable from certified staff members’ gross wages, and as such, the Association and each individual certified staff member shall and do hereby indemnify and hold the Board harmless, and its members, agents and employees, from all claims, demands, actions, complaints, suits, assessments and deficiencies or other liability by reason of the payment of such sums to the Illinois Teachers' Retirement System pursuant to this paragraph, including attorney’s fees and the costs of defense of such claims.
Teacher Retirement System. For performance of Superintendent duties, the District shall supplement the Superintendent's salary by an amount equal to the Superintendent's portion of the member contribution to the Texas Teacher Retirement System (“TRS”) during the Term of this Contract, including any extensions thereof. This supplement shall include both the retirement and TRS-Care parts of the TRS member contribution, as applicable. This additional salary supplement for services rendered shall be paid to the Superintendent in regular monthly payroll installments and shall be reported as "creditable compensation" by the District for purposes of TRS, to the extent permitted by TRS, and is subject to applicable taxes.
Teacher Retirement System. An employee of the IMO is eligible for membership in and benefits from the Teacher Retirement System of Texas if the employee would be eligible for membership and benefits if holding the same position at the district. All campus staff and all PSJA employees shall continue to participate in TRS as per current practice. All non-chapter 21 campus and district employees shall also continue to participate in Social Security as per current practice.
