[Mail_treas] Signing Bonus Question

[Kristin O'Dell]

Hello!

    When I was at a District and the CBA's  had a "wage stipend" based on which  health insurance plan selected.... I sent the language to both SERS and STRS and got the official ruling from EACH and filed it with the payroll fand with the year's retirement reporting or audit trail.  Interesting--- STRS did not want contributions and SERS    DID take contributions.   Language of the agreement is key in most cases.  It is interesting because I think you should have that ruling prior to the board negotiating that item so that they know the TRUE cost of the language they are approving.  Just my opinion.

Good luck!


Kristin O'Dell, Treasurer/CFO

Pickaway County ESC

2050 Stoneridge Dr.

Circleville, OH 43113

kristin.odell at pickawayesc.org




________________________________
From: Vickie Browning-Prowitt <vickie.prowitt at omeresa.net>
Sent: Thursday, May 31, 2018 10:14:18 AM
To: OECN Treasurers
Subject: Signing Bonus Question

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<tel:330-424-7714>
FAX:  330-424-0135<tel:330-424-0135>


Confidentiality Notice:  The information contained in this message and any
attachment may be proprietary, confidential, and privileged or subject to
the work product doctrine and thus protected from disclosure.  If the
reader of this message is not the intended recipient, or an employee or
agent responsible for delivering this message to the intended recipient,
you are hereby notified that any dissemination, distribution or copying of
this communication is strictly prohibited.  If you have received this
communication in error, please notify me immediately by replying to this
message and deleting it and all copies and backups thereof.  Thank you.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listserv.mveca.org/pipermail/mail_treas/attachments/20180531/d1b4d942/attachment.htm>