Common use of Annuitant Contributions Clause in Contracts

Annuitant Contributions. 1. Eligible Regular full-time and Regular part-time COACHES who retire after December 31, 2005 and prior to July 1, 2008, and who enroll in the AHCP shall contribute to the cost of coverage. The annual contribution rate shall be one percent (1.0%) of a COACH’S final annual gross salary at the time of retirement from STATE SYSTEM service, and will be payable monthly at the rate of one-twelfth of the annual contribution rate.

Appears in 4 contracts

Samples: Preamble, Agreement, Agreement

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