Common use of Prefunding of Post-Retirement Health Benefits Clause in Contracts

Prefunding of Post-Retirement Health Benefits. The State and Bargaining Unit 6 hereby agree to share in the responsibility toward the prefunding of post-retirement health benefits for members of Bargaining Unit 6; and, agree that the foregoing will continue to be implemented as a means to begin to offset the future financial liability for health benefits for retired members. A. Since July 1, 2016, the State and Bargaining Unit 6 prefund retiree healthcare, with the goal of reaching a fifty percent (50%) cost sharing of actuarially determined total normal costs for both employer and employees by July 1, 2018. The amount of employee and matching employer contributions required to prefund retiree healthcare increased by the following percentages of pensionable compensation: 1. July 1, 2016: by 1.3 percent. 2. July 1, 2017: by 1.3 percent, for a total of 2.6 percent. 3. July 1, 2018: by 1.4 percent, for a total of 4.0 percent. B. Employees Subject to Other Post Employment Benefit (OPEB)

Prefunding of Post-Retirement Health Benefits. The State and Bargaining Unit 6 19 hereby agree to share in the responsibility toward the prefunding of post-retirement health benefits for members of Bargaining Unit 6Xxxx 00; and, agree that the foregoing concepts will continue to be implemented as a means to begin to offset the future financial liability for health benefits for retired members. A. Since July 1, 20162017, the State and Bargaining Unit 6 prefund 19 prefunds retiree healthcare, with the goal of reaching a fifty percent (50%) percent cost sharing of actuarially determined total normal costs for both employer and employees by July 1, 20182019. The amount of employee and matching employer contributions required to prefund retiree healthcare increased by the following percentages of pensionable compensation: 1. July 1, 20162017: by 1.3 1.0 percent. 2. July 1, 20172018: by 1.3 1.0 percent, for a total of 2.6 2.0 percent. 3. July 1, 20182019: by 1.4 1.0 percent, for a total of 4.0 3.0 percent. B. Employees Subject to Other Post Employment Benefit (OPEB)

Prefunding of Post-Retirement Health Benefits. The State and Bargaining Unit 6 19 hereby agree to share in the responsibility toward the prefunding of post-retirement health benefits for members of Bargaining Unit 6Xxxx 00; and, agree that the foregoing concepts will continue to be implemented as a means to begin to offset the future financial liability for health benefits for retired members. A. Since Beginning July 1, 20162017, the State and Bargaining Unit 6 19 will prefund retiree healthcare, with the goal of reaching a fifty percent (50%) percent cost sharing of actuarially determined total normal costs for both employer and employees by July 1, 20182019. The amount of employee and matching employer contributions required to prefund retiree healthcare increased shall increase by the following percentages of pensionable compensation: 1. July 1, 20162017: by 1.3 1.0 percent. 2. July 1, 20172018: by 1.3 1.0 percent, for a total of 2.6 2.0 percent. 3. July 1, 20182019: by 1.4 1.0 percent, for a total of 4.0 3.0 percent. B. Employees Subject to Other Post Employment Benefit (OPEB)

Prefunding of Post-Retirement Health Benefits. The State and Bargaining Unit 6 13 hereby agree to share in the responsibility toward the prefunding of post-retirement health benefits for members of Bargaining Unit 6; and, 13 and agree that the foregoing concepts will continue to be implemented as a means to begin to offset the future financial liability for health benefits for retired members. A. Since Beginning July 1, 20162017, the State and Bargaining Unit 6 13 will prefund retiree healthcare, with the goal of reaching a fifty 50 percent (50%) cost sharing of actuarially determined total normal costs for both employer and employees by July 1, 20182019. The amount of employee and matching employer contributions required to prefund retiree healthcare increased shall increase by the following percentages of pensionable compensation: 1. July 1, 20162017: by 1.3 percent. 2. July 1, 20172018: by 1.3 percent, for a total of 2.6 percent. 3. July 1, 20182019: by 1.4 1.3 percent, for a total of 4.0 3.9 percent. B. Employees Subject to Other Post Employment Benefit (OPEB)

Prefunding of Post-Retirement Health Benefits. The State and Bargaining Unit 6 hereby agree to share in the responsibility toward the prefunding of post-post- retirement health benefits for members of Bargaining Unit 6; and, agree that the foregoing will continue to be implemented as a means to begin to offset the future financial liability for health benefits for retired members. A. Since July 1, 2016, the State and Bargaining Unit 6 prefund retiree healthcare, with the goal of reaching a fifty percent (50%) cost sharing of actuarially determined total normal costs for both employer and employees by July 1, 2018. The amount of employee and matching employer contributions required to prefund retiree healthcare increased by the following percentages of pensionable compensation: 1. July 1, 2016: by 1.3 percent. 2. July 1, 2017: by 1.3 percent, for a total of 2.6 percent. 3. July 1, 2018: by 1.4 percent, for a total of 4.0 percent. B. Employees Subject to Other Post Employment Benefit (OPEB)

Prefunding of Post-Retirement Health Benefits. The State and Bargaining Unit 6 hereby agree to share in the responsibility toward the prefunding of post-retirement health benefits for members of Bargaining Unit 6; and, agree that the foregoing will continue to be implemented as a means to begin to offset the future financial liability for health benefits for retired members. A. Since July 1, 2016, the State and Bargaining Unit 6 prefunds prefund retiree healthcare, with the goal of reaching a fifty percent (50%) cost sharing of actuarially determined total normal costs for both employer and employees by July 1, 2018. The amount of employee and matching employer contributions required to prefund retiree healthcare increased by the following percentages of pensionable compensation: 1. July 1, 2016: by 1.3 percent. 2. July 1, 2017: by 1.3 percent, for a total of 2.6 percent. 3. July 1, 2018: by 1.4 percent, for a total of 4.0 percent. B. Employees Subject to Other Post Employment Benefit (OPEB)

Prefunding of Post-Retirement Health Benefits. The State and Bargaining Unit 6 13 hereby agree to share in the responsibility toward the prefunding of post-retirement health benefits for members of Bargaining Unit 6Xxxx 00 ; and, agree that the foregoing concepts will continue to be implemented as a means to begin to offset the future financial liability for health benefits for retired members. A. Since Beginning July 1, 20162017, the State and Bargaining Unit 6 13 will prefund retiree healthcare, with the goal of reaching a fifty 50 percent (50%) cost sharing of actuarially determined total normal costs for both employer and employees by July 1, 20182019. The amount of employee and matching employer contributions required to prefund retiree healthcare increased shall increase by the following percentages of pensionable compensation: 1. July 1, 20162017: by 1.3 percent. 2. July 1, 20172018: by 1.3 percent, for a total of 2.6 percent. 3. July 1, 20182019: by 1.4 1.3 percent, for a total of 4.0 3.9 percent. B. Employees Subject to Other Post Employment Benefit (OPEB)