Healthcare Trust Fund. Effective January 1, 2018, the Employer will contribute a lump sum amount of $1256 per month on behalf of each employee covered by this Agreement. The Employer’s share shall be $1231 per month and Employee’s share shall be $25 per month. Effective January 1, 2021, the Employer will contribute a lump sum amount of $1281 to the Healthcare Trust Fund. The Employer’s share of the monthly contribution will be $1256 and the Employee’s share will be $25. Effective June 1, 2022, the Employer will contribute a lump sum base rate amount of $1350 to the Healthcare Trust Fund. The Employee’s share will decrease to $0. Contributions shall not be made for employees on LWOP exceeding one month, unless required by law (e.g., FMLA) or Port Policy (e.g., HR-5 addendum 2). For employees on medical disability, contributions shall continue for employees on LWOP but not exceeding 6 months, after FMLA is exhausted. Increases above the Employer’s maximum monthly contribution above the rate specified above shall be shared by the employee and the Port in the following way: The Employee and the Port will contribute 50%-50% of the increase up to an employee’s share of 10% of the total monthly base rate. Once the employee’s contribution has reached 10% of the monthly base rate, future increases shall be split 10% by the employee and 90% by the Port for the duration of this Agreement. The Parties agree should a material change take place in regards to Medical and Dental benefits costs, the parties will meet as soon as practicable to bargain.
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Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
