Common use of Negotiated Funding Amount, Board Contributions Clause in Contracts

Negotiated Funding Amount, Board Contributions. 4.1.1 Each Board shall pay an amount equal to 1/12th of the annual negotiated funding amount as described in 4.1.2 and 4.1.3 to the Trustees of the ETFO ELHT by the last day of each month from and after the Board’s Participation Date. 4.1.2 Upon the Board’s participation date: i) The Board shall provide to the Trust an amount of $5,100 per FTE. This funding excludes daily occasional teachers associated with 4.1.4 i) and retiree costs associated with 3.1.2 and 3.1.3. ii) The FTE used to determine the Boards’ benefits contributions will be based on the boards’ FTE as of October 31st and March 31st of each year. Each Board’s total FTE shall be verified by the Local Bargaining Unit. iii) For purposes of ii), the FTE positions will be those consistent with Appendix H of the Education Finance Information System (EFIS). iv) Calculations in ii) will be subject to specified audit procedures that will be completed by the Board’s external auditors by May 15, 2016. v) A cost per FTE reconciliation process will be completed for the year ended August 31, 2020. Based on this reconciliation process, the funding to the Trust for subsequent years shall be established based on the cost of the benefit plan in the 2019-20 school year up to a maximum of $5,100 per FTE, subject to collective bargaining starting in 2020.

Negotiated Funding Amount, Board Contributions. 4.1.1 Each Board shall pay an amount equal to 1/12th of the annual negotiated funding amount as described in 4.1.2 and 4.1.3 to the Trustees of the ETFO ELHT by the last day of each month from and after the Board’s Participation Date. 4.1.2 Upon the Board’s participation date: i) The Board shall provide to the Trust an amount of $5,100 per FTE. This funding excludes daily occasional teachers associated with with 4.1.4 i) and retiree costs associated with 3.1.2 and 3.1.3. ii) The FTE used to determine the Boards’ benefits contributions will be based on the boards’ FTE as of October 31st and March 31st of each year. Each Board’s total FTE shall be verified by the Local Bargaining Unit. iii) For purposes of ii), the FTE positions will be those consistent with Appendix H of the Education Finance Information System (EFIS). iv) Calculations in ii) will be subject to specified audit procedures that will be completed by the Board’s external auditors by May 15, 2016. v) A cost per FTE reconciliation process will be completed for the year ended August 31, 2020. Based on this reconciliation process, the funding to the Trust for subsequent years shall be established based on the cost of the benefit plan in the 2019-20 school year up to a maximum of $5,100 per FTE, subject to collective bargaining starting in 2020.

Negotiated Funding Amount, Board Contributions. 4.1.1 Each Board shall pay an amount equal to 1/12th of the annual negotiated funding amount as described in 4.1.2 and 4.1.3 to the Trustees of the ETFO ELHT by the last day of each month from and after the Board’s 's Participation Date. 4.1.2 Upon the Board’s 's participation date: i) The Board shall provide to the Trust an amount of $5,100 per FTE. This funding excludes daily occasional teachers associated with 4.1.4 i) and retiree costs associated with 3.1.2 and 3.1.3. ii) The FTE used to determine the Boards’ ' benefits contributions will be based on the boards’ ' FTE as of October 31st and March 31st of each year. Each Board’s 's total FTE shall be verified by the Local Bargaining Unit. iii) For purposes of ii), the FTE positions will be those consistent with Appendix H of the Education Finance Information System (EFIS). iv) Calculations in ii) will be subject to specified audit procedures that will be completed by the Board’s 's external auditors by May 15, 2016. v) A cost per FTE reconciliation process will be completed for the year ended August 31, 2020. Based on this reconciliation process, the funding to the Trust for subsequent years shall be established based on the cost of the benefit plan in the 2019-20 school year up to a maximum of $5,100 per FTE, subject to collective bargaining starting in 2020. 4.1.3 On the participation date, the Board shall provide to the Trust an amount of $5,100 per FTE. In 2015-16, for Federation owned plans, if in aggregate, the following three triggers are met: there is an in-year deficit,

Negotiated Funding Amount, Board Contributions. 4.1.1 Each Board shall pay an amount equal to 1/12th of the annual negotiated funding amount as described in 4.1.2 and 4.1.3 to the Trustees of the ETFO ELHT by the last day of each month from and after the Board’s Participation Date. 4.1.2 Upon the Board’s participation date: i) The Board shall provide to the Trust an amount of $5,100 per FTE. This funding excludes daily occasional teachers associated with 4.1.4 i) and retiree costs associated with 3.1.2 and 3.1.3. ii) The FTE used to determine the Boards’ benefits contributions will be based on the boards’ FTE as of October 31st and March 31st of each year. Each Board’s total FTE shall be verified by the Local Bargaining Unit. iii) For purposes of ii), the FTE positions will be those consistent with Appendix H of the Education Finance Information System (EFIS). iv) Calculations in ii) will be subject to specified audit procedures that will be completed by the Board’s external auditors by May 15, 2016. v) A cost per FTE reconciliation process will be completed for the year ended August 31, 2020. Based on this reconciliation process, the funding to the Trust for subsequent years shall be established based on the cost of the benefit plan in the 2019-20 school year up to a maximum of $5,100 per FTE, subject to collective bargaining starting in 2020. 4.1.3 On the participation date, the Board shall provide to the Trust an amount of $5,100 per FTE. In 2015-16, for Federation owned plans, if in aggregate, the following three triggers are met: i) there is an in-year deficit,