TRS Earnings Limitation Sample Clauses

TRS Earnings Limitation. When a teacher is ten (10) or less years from eligibility for a TRS annuity, and regardless of the teacher’s actual age, the teacher’s nonexempt creditable TRS earnings from employment in the District, irrespective of form and no matter how arising, and whether or not arising under this collective bargaining Agreement, shall not exceed the amount specified hereinafter: No teacher’s nonexempt creditable TRS earnings shall increase from one school year to the next by more than six percent (6%) or otherwise increase so as to create liability on the part of the District for any portion of a teacher’s retirement annuity, or result in any District paid penalty or fee to TRS. If legislation is enacted and/or administrative rules are adopted during the life of this agreement that result in a greater cost to the District than the costs generated by this agreement, the provisions relating to such benefits shall be null and void.
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TRS Earnings Limitation. When a teacher is ten (10) or less years from eligibility for a TRS annuity, and regardless of the teacher’ s actual age, the teacher’ s nonexempt creditable TRS earnings from employment in the District, irrespective of form and no matter how arising, and w hether or not arising under this collective bargaining agreement, shall not exceed the amount specified hereinafter: No teacher’ s nonexempt creditable TRS earnings shall increase from one school year to the next by the lesser of five percent (5%) or the maximum retirement incentive permitted by law w ithout the Board incurring a penalty or otherw ise increase so as to create liability on the part of the District for any portion of a teacher’ s retirement annuity, or result in any District paid penalty or fee to TRS.
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