Article 36-4.3 |

Indemnification |

The BOARD does not warrant that the payments made by the BOARD for the employees as set forth above are permissible prior to January 1, 1982, or that any of such payments are excludable from the employees’ gross wages, and as such, the UNION and each individual bargaining unit employee shall and does hereby agree to indemnify and hold harmless the BOARD and its members, officers, agents and employees from and against any and all claims, or liability by reason of payments of said contributions to the Public School Teachers’ Pension and Retirement Fund of Chicago and the Municipal Employees’, Officers’ and Officials’ Annuity and Benefit Fund made pursuant to the provisions of this Article. This pension pick up will not constitute a continuing element of compensation or benefit beyond Fiscal Year 2015 or 2016 should this Agreement be extended for one year.


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