Common use of Full-Time Employee Premium Contribution Clause in Contracts

Full-Time Employee Premium Contribution. a. Effective January 1, 2017, all participating active full-time FACULTY MEMBERS shall contribute on a pre-tax basis, through bi-weekly payroll deductions, at a flat rate of eighteen percent (18%) of the STATE SYSTEM’S expected costs developed by the plan administrator for the type of contract for the chosen health and prescription drug plan for the fiscal year. This amount shall be adjusted annually in accordance with the premium reconciliation plan set forth in paragraph A.3.g. of this Article and Appendix N to this Agreement.

Full-Time Employee Premium Contribution. a. Effective January July 1, 20172007, all participating active full-time FACULTY MEMBERS shall contribute on a pre-tax basis, through bi-weekly payroll deductions, at a flat rate of eighteen 10 percent (1810%) of the STATE SYSTEM’S expected costs developed by the plan administrator (maximum premium rate) for the type of contract for the chosen health and prescription drug plan for the fiscal year. This amount shall be adjusted annually in accordance with the premium reconciliation plan set forth in paragraph A.3.g. of this Article and Appendix N to this Agreementyear 2007-2008.