Common use of Ongoing Contributions Clause in Contracts

Ongoing Contributions. Effective with the issuance of the SB 199 pension bonds, the Board will contribute an amount equal to one percent (1.0%) of a certificated staff member’s salary schedule salary into an individual VEBA account for the certificated staff member.

Ongoing Contributions. Effective with the issuance of the SB 199 pension bonds, the Board will contribute an amount equal to one percent (1.0%) of a certificated staff member’s 's salary schedule salary into an individual VEBA account for the certificated staff member.