IMRF Contributions. According to the authority granted by the Pension Reform Act of 1974-Section 414(h) (2) of the Internal Revenue Code and Public Act 81-5136.11, Revised Stat. 1981, Chapter 108 ½, Par. 7-173.2, the Board of Education agrees to pay, from the wages/salary shown on Appendix C, the full support staff member contribution to the Illinois Municipal Retirement Fund (IMRF) on behalf of each eligible support staff member as a tax sheltered direct contribution. Should any of the above be declared improper by an IRS ruling or opinion or by a court of competent jurisdiction, that clause or portion thereof shall be deleted to the extent that it violates the ruling or opinion. Any changes shall be consistent with IMRF provisions.
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement