Changes in Premiums and Employee Contribution. It is understood that any change in respect of either the premium rate charged by the carrier or the basis of the employer-employee sharing thereof may only be made effective as of July 1 in any year.
Changes in Premiums and Employee Contribution. It is understood that any change in respect of either the premium rate charged by the carrier or the the employer-employee sharing thereof may only be made effective as of in any year. Distribution of Surplus It is understood that surplus accumulations, if any, will be used only for the purpose of reducing premium costs. Surplus accumulations be disposed of within reasonable time limits. Questions in this respect will be referred to the Joint Welfare Board for decision.
