STRS Contribution Sample Clauses

STRS Contribution. Unit members on shared assignments will contribute to the State Teachers Retirement System and will receive prorated credit for years of service toward retirement. The District will continue its contributions according to STRS requirements for part--time participants.
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STRS Contribution. A. The Association and Board agree that the Board shall contribute to the State Teachers’ Retirement System (STRS) in addition to the Board’s required employee contribution an amount equal to the employee’s contribution to the STRS in lieu of payment of said amount to each employee, and that such amount contributed by the Board on behalf of the employee shall be treated as a mandatory salary reduction from the contracted salary or hourly rate otherwise payable to each employee.
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STRS Contribution. Effective 7/1/16, the District shall contribute an amount equal to 12.58 % of each unit member’s salary per month for the benefit of the employee to the State Teachers' Retirement System. This is a 1.85% increase from the 2015-16 school year.
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Related to STRS Contribution

  • Initial Contribution The member agrees to make an initial contribution to the Company of $ .

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.