Sample Offer Letter to a Rehired or New Exempt or ...
3.3.2 BRP replaced a state benefit that paid 5.85% of the first $16,500 of income as a Social Security tax supplement. It was a one-time increase to base pay that occurred in January 1996. BRP is based on each employee’s October 31, 1995, pay and includes an additional amount to cover the increased Teacher Retirement or Optional Retirement program contribution required by the increased pay ... ................
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