College Contribution Clause Samples
College Contribution. The College will contribute to a fund in the amount of two (2) percent of the annual Association employment salary (based on monthly union dues deduction report) for approved short- and long-term professional and course development activities and assisted leaves as stated in Article 10.
College Contribution the amount the College contributes to the Section 125 plan to cover a portion of the cost of the insurance benefits package.
College Contribution. Employee plus Child(ren)/Full Family.
1) For classified members contributing $500 or less to Sec. 125, the College shall contribute $500 annually to the classified member's Sec. 125 account. In addition, the College shall pay a stipend of $1,215 to such classified members no later than February 25 each calendar year.
2) For classified members contributing between $500.01-$1,715.00 to Sec. 125, the College shall match the classified member’s contribution dollar for dollar up to $1,715. In addition, the College shall pay a stipend no later than February 25 each calendar year according to the following formula where x is the amount the classified member contributes annually. ($1,715 – x) = stipend amount. Example: if a classified member contributes $600, the stipend amount will be $1,115 i.e., ($1,715 - $600) = $1,115.
3) For classified members contributing $1,715.01 or more to Sec. 125, the College shall match the classified member’s contribution dollar for dollar up to $1,715. Example: if a classified member contributes $1,800, the College will contribute $1,715
College Contribution. For employees who are eligible for participation in the College’s retirement plan, the College contribution will be eleven percent (11%) of base wages.
College Contribution. The College’s contribution per Faculty member shall cease for a Faculty member whose employment ceases or who goes on an unpaid leave of absence, other than a leave of absence under the Family and Medical Leave Act or where health insurance is available under a disability or other applicable program.
College Contribution. Effective May 1, 2006, the College shall pay 95% of the cost of individual health insurance premiums. The College shall also pay 70% of the cost of dependent coverage for any member who elects dependent coverage. The employee shall pay the additional 30% off the cost of dependent coverage. The employee's portion of the cost will be made through bi-weekly payroll deductions. For example, assuming family coverage costs $13,626.72 annually, and individual coverage costs $5,106.24 annually, a unit member enrolled in family would pay $2,632.74 of the cost of the family coverage premiums. This was calculated as follows: $4,850.93 (95% individual) $13,626.72 (Cost of family plan) $4,850.93 (95% of individual plan) - $8,775.79 • $8,775.79 x 70% $6,143.05 For an employee enrolled in a two-person plan, the calculation will be based on the difference between the two-person plan and the individual plan. Deleted
College Contribution. The Board will contribute to the total annual cost associated with the College’s medical benefit plans an amount consistent with its elected method of compliance with Public Act 152 of 2011, being the Publicly Funded Health Insurance Contribution Act. The College will pay the maximum amount permitted by the Department of Treasury annually using ▇▇▇▇▇▇▇ College’s elected method of complying with Public Act 152 of 2011, being the Publicly Funded Health Insurance Contribution Act. Any amount in excess of the amounts permitted by ▇▇▇▇▇▇▇ College’s elected method of complying with PA 152 of 2011 shall be the responsibility of the employee.
a. All employee contributions will be deducted from wages pre-tax in accordance with the College's premium only plan (POP).
College Contribution. Employee Only
1) For classified members contributing $500 or less to Sec. 125, the College shall contribute $500 annually to the classified member’s Sec. 125 account. In addition, the College shall pay a stipend of $170 to such classified members no later than February 25 each calendar year.
2) For classified members contributing between $500.01-$670.00 to Sec. 125, the College shall match the classified member’s contribution dollar for dollar up to $670.00. In addition, the College shall pay a stipend no later than February 25 each calendar year according to the following formula where x is the amount the classified member contributes annually. ($670 – x) = stipend amount. Example: if a classified member contributes $600, the stipend amount will be 70 i.e., ($670 - $600) = $70.
3) For classified members contributing $670 or more to Sec. 125, the College shall match the classified member’s contribution dollar for dollar up to $670. Example: if a classified member contributes $670, the College will contribute $670.