Common use of Education and Training Fund Clause in Contracts

Education and Training Fund. The parties agree that training and development is a good investment and in an attempt to create a collaborative relationship with SEIU Healthcare Minnesota, the parties agree to establish an annual Education and Training Fund. For each year of the contract, the Fund shall be $175,000. The parties agree to jointly administer this Fund by a team of six (6) people – three (3) chosen by the Union and three (3) chosen by the Employer. At least one (1) of the Union’s representatives may be, at the Union’s sole discretion, a SEIU Healthcare Minnesota staff representative. This team shall meet quarterly, up to four (4) hours per quarter. The Employer shall pay all SEIU represented employees who serve as administrators of the Fund for time spent in the administrative meetings, up to sixteen (16) hours per year. The purpose is to fund extensive training and retraining opportunities, such as, professional development courses, career upgrade programs, and other training programs that will enable the Employees to pursue enhanced career opportunities with the Employer. The Employer agrees to bear all administrative costs to the program(s) and these administrative costs shall be paid from the training Fund. It is the intent of the parties that the Fund is to be fully expended each year. If the Fund is not fully expended by the end of each contract year, any remaining funds may be rolled over to the next Fund year; however, the Fund cannot exceed $350,000 by the end of a Fund year. Decisions by the jointly administered Fund shall be by consensus and if consensus cannot be reached, the Committee members shall vote, with representation from both parties voting in equal numbers.

Education and Training Fund. The parties agree that training and development is a good investment and in an attempt to create a collaborative relationship with SEIU Healthcare Minnesota, the parties agree to establish an annual Education and Training Fund. For each year of the contract, the Fund shall be $175,000150,000. The parties agree to jointly administer this Fund by a team of six (6) people – three (3) chosen by the Union and three (3) chosen by the Employer. At least one (1) of the Union’s representatives may be, at the Union’s sole discretion, a SEIU Healthcare Minnesota staff representative. This team shall meet quarterly, up to four (4) hours per quarter. The Employer shall pay all SEIU represented employees who serve as administrators of the Fund for time spent in the administrative meetings, up to sixteen (16) hours per year. The purpose is to fund extensive training and retraining opportunities, such as, professional development courses, career upgrade programs, and other training programs that will enable the Employees to pursue enhanced career opportunities with the Employer. The Employer agrees to bear all administrative costs to the program(s) and these administrative costs shall be paid from the training Fund. It is the intent of the parties that the Fund is to be fully expended each year. If the Fund is not fully expended by the end of each contract year, any remaining funds may be rolled over to the next Fund year; however, the Fund cannot exceed $350,000 300,000 by the end of a Fund year. Decisions by the jointly administered Fund shall be by consensus and if consensus cannot be reached, the Committee members shall vote, with representation from both parties voting in equal numbers.