Common use of MEDICARE BUY-IN OPTION Clause in Contracts

MEDICARE BUY-IN OPTION. The District and the Guild agree to give eligible tenured/tenure-track faculty the option to buy into Medicare per California statute AB 265. This was a one-time opportunity with a balloting period of ten (10) calendar days duration from March 4, 1994. The District and the faculty member will each contribute 1.45% of the faculty member's gross earnings.

MEDICARE BUY-IN OPTION. The District and the Guild agree to give eligible tenured/tenure-track faculty the option to buy into Medicare per California statute AB 265. This was a one-time opportunity with a balloting period of ten (10) calendar days days’ duration from March 4, 1994. The District and the faculty member will each contribute 1.45% of the faculty member's gross earnings.