Common use of Calculating Tiered Employee Contribution Rates Clause in Contracts

Calculating Tiered Employee Contribution Rates. At the end of each fiscal year the District will calculate the Base-Employee-Contribution for the next plan year which begins on January 1st. An employee’s contribution for Plan Option A will be based on a negotiated formula applied to the family tiered structure as follows: Employee Only 75% of the Base-Employee-Contribution Employee + Spouse or Employee + Child(ren) 100% of the Base-Employee-Contribution Employee + Family 125% of the Base-Employee-Contribution An employee’s contribution for Plan Option B will be equal to 35% of the employee contribution for each of the family tiers for Plan Option A. For part-time employees, the contribution rate is two (2) times the full-time employee rate.

Calculating Tiered Employee Contribution Rates. At the end of each fiscal year the District will calculate the Base-Employee-Base Employee Contribution for the next plan year which begins on January 1st1. An employee’s contribution for Plan Option A will be based on a negotiated formula applied to the family family-tiered structure as follows: Employee Only 75% of the Base-Employee-Base Employee Contribution Employee + Spouse or Employee + Child(ren) 100% of the Base-Employee-Base Employee Contribution Employee + Family 125% of the Base-Employee-Base Employee Contribution An employee’s contribution for Plan Option B will be equal to 35% of the employee contribution for each of the family tiers for Plan Option A. For part-time employees, the contribution rate is two (2) times the full-time employee rate.