Common use of Calculations of Defined District Total Annual Contribution Clause in Contracts

Calculations of Defined District Total Annual Contribution. For purposes of determining the District’s contribution for any given calendar year to account for increases or decreases in covered participants (excluding AB528, COBRA and Charter School Participants, but including opt-out participants) as set forth below, the District’s aggregate estimated contributions set forth below have been converted to a “per participant” contribution and relating to the number of benefitted participants who are active employee enrollees, enrolled pre-Medicare-eligible retirees, and enrolled Medicare-eligible retirees as of November of the preceding calendar year based upon the SAP census. The total net District Contribution shall be calculated based on the actual per capita cost of active employees plus the actual cost of retirees, multiplied by the actual enrollment of active and retired participant.

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Health Benefits Agreement, Health Benefits Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!