Teachers’ Retirement System Sample Clauses
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. 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. (Teaching Assistants) – Membership in the Retirement System is optional for part-time employees.
Teachers’ Retirement System. In addition to salary, the Board shall pay to TRS the teacher’s full contribution not to exceed 9.4% of the teacher’s salary. In the event the teachers’ required contribution to the Teachers’ Retirement System is increased during the term of this Agreement, the Board shall pay to the Teachers’ Retirement System on behalf of each teacher one-half of such increase. This additional payment, if any, by the Board will not be reflected on the salary schedule until execution of a subsequent agreement. To the extent that the Board does not pay a portion of the teacher’s required contribution to the TRS pension as a benefit, the Board shall pay from the teacher’s salary the balance as a deduction. That portion of said required contribution to the TRS pension, which is paid from the teacher’s salary, shall not be deemed to be part of the teacher’s taxable wages, earnings and compensation in his or her current taxable year and thereafter under provisions of Section 414-(h)(2) of the Internal Revenue Code of 1954 as amended (but shall constitute a tax sheltered benefit).
Teachers’ Retirement System. Xx. Xxxxxxxx will take all necessary steps to ensure
Teachers’ Retirement System. Notice must be given by February 1 for June retirement or four months prior notice for dates of retirement other than June.