Common use of Municipal and Employee Contributions Clause in Contracts

Municipal and Employee Contributions. 1) Effective the first full month following Assembly approval of this agreement, the Municipality of Anchorage shall contribute an amount equal to one thousand seven hundred seventy-three dollars ($1773.00) per month to the Trust for each eligible employee. The Union shall advise the Municipality of Anchorage of pre-tax and after-tax contribution amounts that employees shall contribute per month to the Trust through payroll deduction. 2) Effective July 1, 2022, for each eligible employee the Municipality shall increase the monthly contribution to the Trust, not to exceed the lesser of: a) the CPI-U Medical for Anchorage for the prior calendar year, or b) $50 per month increase from the prior year’s contribution. 3) Effective July 1, 2023, for each eligible employee the Municipality shall increase the monthly contribution to the Trust, not to exceed the lesser of: a) the CPI-U Medical for Anchorage for the prior calendar year, or b) $50 per month increase from the prior year’s contribution. 4) The Union shall advise the Municipality of Anchorage of the pre-tax and after-tax contribution amounts that employee's shall contribute per month to the Trust through payroll deduction.

Municipal and Employee Contributions. 1) Effective July 1, 2018, or the first full month following Assembly approval of this agreement, whichever is later, the Municipality of Anchorage shall contribute an amount equal to one thousand seven six hundred seventytwenty-three dollars ($1773.00dollars$1623) per month to the Trust for each eligible employee. The Union shall advise the Municipality of Anchorage of pre-tax and after-after tax contribution amounts that employees shall contribute per month to the Trust through payroll deduction. 2) Effective July 1, 20222019, for each eligible employee the Municipality shall increase the monthly contribution to the Trust, not to exceed the lesser of: a) the CPI-U Medical for Anchorage for the prior calendar year, or b) $50 per month increase from the prior year’s contribution. 3) Effective July 1, 20232020, for each eligible employee the Municipality shall increase the monthly contribution to the Trust, not to exceed the lesser of: a) the CPI-U Medical for Anchorage for the prior calendar year, or b) $50 per month increase from the prior year’s contribution. 4) The Union shall advise the Municipality of Anchorage of the pre-tax and after-after tax contribution amounts that employee's shall contribute per month to the Trust through payroll deduction.