Common use of Amount of Pick Up Clause in Contracts

Amount of Pick Up. With respect to the legally required employee contribution for licensed bargaining unit member of 9% of annual salary, the Employer shall pick up for each licensed bargaining unit member a sum equal to 8% of the licensed teacher’s salary for CTPF to be applied to the retirement account of each such employee (not the survivors’ annuity account). Licensed bargaining unit members shall only be responsible for the remaining 1% employee contribution, which the Employer shall make via payroll deduction.

Amount of Pick Up. With respect to the any legally required employee contribution for licensed bargaining unit member Bargaining Unit Members of 9% of annual salary, the Employer Schools shall pick up for each licensed bargaining unit member a sum contribute an amount equal to 87% of each Bargaining Unit Member's base salary as the licensed teacher’s salary for CTPF to be applied employer contribution to the retirement account of each such employee CTPF. This payment is in addition to the actual salary paid to the Bargaining Unit Member (not also known as the survivors’ annuity account"Pension Pick Up"). Licensed bargaining unit members Bargaining Unit Members shall only be responsible for the remaining 12% employee contribution, which the Employer shall make via payroll deduction.