1416 - “PICK-UP ON THE PICK-UP" PLAN

The Governing Board has adopted a “pick-up on the pick-up” plan under both the State Teachers Retirement System of Ohio (“STRS”) and State Employees Retirement System of Ohio (“SERS”).

This “pick-up on the pick-up” plan shall only apply to the following class of employees:

1. STRS the Superintendent; and
2. SERS the Treasurer.

For the above class of employees:

1. The Governing Board shall pay the employee’s entire share of the employee/member contribution of any and all STRS/SERS contributions as required by the laws of the State of Ohio;
2. Payment of the entire employee/member STRS/SERS contribution by the Governing Board shall be considered as compensation to the employee;
3. Payment of the employee’s entire employee/member STRS/SERS contribution by the Governing Board shall be considered in the employee’s salary for STRS/SERS retirement purposes;
4. The “pick-up on the pick-up” plan shall be a mandatory condition of employment; and
5. The employee is prohibited from opting out of the “pick-up on the pick-up” plan

©2003-Present McGown & Markling Co., L.P.A. All rights reserved.