[Mail_treas] Signing Bonus Question

[Lori Miller]

Vickie,

According to what I see in the STRS handbook Payment for any services
actually not rendered are excluded from compensation for retirement
purposes. SERS has the same language, but specify that signing bonuses are
excluded from compensation consideration.

So from what I am seeing it does not appear that these are subject to
retirement withholding.

For definitive clarification you may want to contact the retirement
entities directly, the statements I  listed  above are taken out of their
handbooks.

Lori



****************************************************

*Lori Miller*

*Support Specialist/Technical Writer*

*North West Ohio Computer Association/SSDT*

*209 Nolan Parkway*

*Archbold, Ohio  43502*

*Email- miller at nwoca.org <miller at nwoca.org>*

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On Thu, May 31, 2018 at 10:14 AM, Vickie Browning-Prowitt <
vickie.prowitt at omeresa.net> wrote:

> Hello All!
>
> I am in the process of paying all of our staff a signing bonus in place of
> an incentive payment that was in their contract this year..  We had a MOU
> signed and board approved.
>
> My question is do we or do  we not withhold STRS and SERS from this
> payment?  I have always been under the understanding that if it is not time
> worked/earned then we do not withhold the retirement.  However, STRS has
> said that because it has to do with their contract then we can withhold
> retirement.  I do not want a mess down the road that I will need to correct
> if I process these payments incorrectly.. I have 100 of them to do.
>
> Any help would be greatly appreciated.
>
> Vickie
>
>
> --
> *Vickie Browning-Prowitt*
> Treasurer/CFO
> Lisbon Exempted Village School District
> Phone:  330-424-7714
> FAX:  330-424-0135
>
>
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