Teachers’ Retirement System. All qualified teachers at the Charter School shall be members of the Teachers Retirement System of Georgia (“TRS”) and subject to its requirements. The Charter School is responsible for making arrangements with TRS and making monthly contributions for its teachers in accordance with state requirements.
Teachers’ Retirement System. In addition to the annual salary stated in paragraph A.1 of this Contract, the Board shall pay on behalf of the Administrator to the State of Illinois Teachers' Retirement System 8% of the Administrator’s required contributions to said pension system. The Administrator 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 Teachers' Retirement System. Both parties acknowledge that the Administrator did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the Teachers' Retirement System, and further acknowledge that such contributions are made as a condition of employment to secure the Administrator’s future services, knowledge and experience. It is the intention of the parties to qualify all such payments picked up and paid by the Board on the Administrator’s behalf as employer payments pursuant to Section 414(h) of the Internal Revenue Code of 1986 as amended.
Teachers’ Retirement System. The deduction shall be prorated over the pay periods commencing with the first pay period of the school year and ending with the first pay period of June.
Teachers’ Retirement System. All qualified teachers at the Charter School shall be members of the Teachers Retirement System of Georgia (“TRS”) and subject to its requirements. The Charter School is responsible for making arrangements with TRS and making monthly contributions for its teachers in accordance with state requirements. Teacher and Leader Evaluation. The Charter School shall implement the Teacher Keys Effectiveness System (TKES) and Leader Keys effectiveness System (LKES) in accordance with O.C.G.A §20-2-210(b)(1) and State Board Rule 160-5-1.37. The Charter School shall have at least two individuals credentialed in using TKES. If the most senior Charter School leader must be evaluated using LKES because he or she performs the duties of a principal as defined by State Board Rule 160-5-1-.37, a member of the governing board, who is credentialed in using LKES, shall serve as his or her evaluator.
Teachers’ Retirement System. The Board shall deduct and remit for each certified staff member the sum required by law 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.
Teachers’ Retirement System. (Teaching Assistants) – Membership in the Retirement System is optional for part-time employees.
Teachers’ Retirement System. 6. This MOA shall be subject to IRS regulations and rulings. Should any portion be declared contrary to law, then such portion shall not be deemed valid and subsisting, but all other portions shall continue in full force and effect. As to those portions declared contrary to law, the Association and Employer shall promptly meet and alter those portions in order to provide the same or similar benefit(s) which conform, as closest as possible, to the original intent of the parties.
Teachers’ Retirement System. According to authority granted by the Pension Reform Act of 1974, Section 414 (h) (2) of the Internal Revenue Code, the Board agrees to deduct and remit from the established compensation schedule to the Teacher Retirement System on behalf of each teacher, the entire required TRS amount due on creditable earnings. The Board will continue to pay to TRS from future established compensation schedules, on behalf of each teacher, the entire required TRS amount due on creditable earnings and shelter said amount for tax purposes. Should any of the above be declared improper by an Internal Revenue Service ruling or opinion, that clause or portion thereof shall be deleted from this Agreement to the extent that it violates the ruling or opinion.
Teachers’ Retirement System. According to authority granted by the Pension Reform Act of 1974, Section 414(h)(2) of the Internal Revenue Code, the Board agrees to deduct and remit from the established compensation schedule to the Teacher Retirement System the combined member contribution to TRS/THIS on behalf of each teacher.
Teachers’ Retirement System. If any part of the bargaining unit member's compensation is not 36 paid by District funds, the bargaining unit member then may pay full state teachers' retirement 37 contributions on that portion of his/hertheir current salary which is not paid for by the District, plus 38 his/hertheir own share and any interest levied on the total. If the bargaining unit member chooses 39 to pay nothing, months of retirement will be reduced accordingly. (Education Code Section 40 22716.)
