To sum up a few of the salient points:
1) There is an ability to opt out if you wish and leave the tax deduction the way it is. As such, you would be taxed proportionally less at the end of the calendar year.
2) A repayment will be made on July 23rd via regular direct deposit channels.
3) Teachers will receive back between 1% to 3% of their gross pay to date. We assume this is because the board wishes to issue a flat number rather than a percentage. (i.e. an amount of $600 would fluctuate between 1% to 3% for most teachers and we assume the board could claw back $120 per pay in the fall)
I appreciate many of you talking to your OSSTF Branch Representatives and not inundating our office with calls on this issue. Rest assured we are already trying to work with the board to establish practices that will prevent this from happening in the future.
Have a great summer!
Anthony