OEBB CONTINGENCY Clause Samples

OEBB CONTINGENCY. If the state adopts a statewide health insurance pool for medical/dental/vision/Rx coverage, and the resulting changes for the same insurance coverage produces a situation in which the already-bargained-for health insurance contribution from the District exceeds the total insurance costs with the new pool system, creating a “surplus” for the duration of the contract in place at the time the statewide pool goes into effect, the District and the Association agree with the basic principle that members who have already bargained to have dollars applied to insurance contributions should receive the benefit from these surplus dollars. Therefore, any “surplus” will be applied to unit member compensation in a manner reflecting the actual value of the “surplus” with the value determined by a comparison of costs between the coverage currently in force and the costs that result from implementation of the statewide pool legislation. The comparison will be made only for the costs of medical/dental/vision/Rx coverage. If the District and Association are unable to reach agreement on the manner or amount of the “surplus” allocation, then the Association and District shall make a proposal for folding the value of the “surplus” into unit member compensation to a mutually agreed upon neutral party, who will issue a binding decision. 6.11 MATCHING FUNDS. See Appendix F.