IMRF Contributions. In addition to the minimum starting salaries stated in Appendix B, the Board shall make a contribution on behalf of each ESP to the Illinois IMRF equal to 4.5% in lieu and in satisfaction of the Employee’s required contribution to IMRF. No Employee will have the option of choosing to receive the amounts contributed by the Board directly and the assumption and payment of the ESP’s required contributions is a condition of employment made in order to secure the Employee’s future services, knowledge, and experience.
Appears in 3 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Master Contract