Common use of Board Contribution Limit Clause in Contracts

Board Contribution Limit. A. It is the parties’ intent to limit health and prescription drug benefit cost increases to ten percent (10%) annually. B. In the summer of each year of this Agreement, if the insurance plan consultant (Accredited Actuary) recommends increases in per employee per month (PEPM) funding for the calendar year beginning on the next January 1 exceeding ten percent (10%), then the Joint CSEA/Board of Education Insurance Committee shall determine what plan design changes to make for the year beginning the next January 1. Plan design changes must result in the percentage rate of the health and drug insurance cost increases PEPM to not exceed ten percent (10%).

Board Contribution Limit. A. It is the parties’ ' intent to limit health and prescription drug benefit cost increases to ten percent (10%) annually. B. In the summer of each year of this Agreement, if the insurance plan consultant (Accredited Actuary) recommends increases in per employee per month (PEPM) funding for the calendar year beginning on the next January 1 exceeding ten percent (10%), then the CSEA Joint CSEAUnion/Board of Education Insurance Committee shall determine what plan design changes to make for the year beginning the next January 1. Plan design changes must result in the percentage rate of the health and drug insurance cost increases PEPM to not exceed ten percent (10%).