Common use of Exception for Plan Year 2015 Clause in Contracts

Exception for Plan Year 2015. When a full time employee enrolls in the least expensive PEBB health plan available to the employee, the Employer shall pay ninety-seven percent (97%) of the monthly premium for health, dental, vision and basic life insurance as determined by PEBB and the employee shall pay the remaining three percent (3%). This section of the Article shall become operational only when ninety-five percent (95%) of employees statewide have at least two (2) plan options. For every one and six-tenths percent (1.6%) that the 2015 PEBB projected composite rate is below the projected five percent (5%) increase for Plan Year 2015, the two percent (2%) across the board pay increase will be paid one (1) month earlier than December 1, 2014 increase.

Exception for Plan Year 2015. When a full time employee enrolls in the least expensive PEBB health plan available to the employee, the Employer shall pay ninety-seven percent (97%) of the monthly premium for health, dental, vision and basic life insurance as determined by PEBB and the employee shall pay the remaining three percent (3%). This section of the Article article shall become operational only when ninety-five percent (95%) of employees statewide have at least two (2) plan options. For every one and six-six tenths percent (1.6%) that the 2015 PEBB projected composite rate is below the projected five percent (5%) increase for Plan Year 2015, the two percent (2%) across the board pay increase will be paid one (1) month earlier than December 1, 2014 increase.