Common use of Deferred Salary Clause in Contracts

Deferred Salary. A member's deferred salary shall be equal to that percentage of said member's annual salary or salary per pay period that is paid to the STRS by the member. This deferred salary shall be paid by the Board to the STRS on behalf of the member as a "pick-up" of the STRS Employee Contribution.

Appears in 2 contracts

Sources: Master Contract Agreement, Master Contract Agreement