Common use of Premium Reduction Fund Clause in Contracts

Premium Reduction Fund. 6.14.1 After all premiums are paid in compliance with the above provisions, any balance remaining of the State funded amount per month per FTE shall be called a Premium Reduction Fund and shall be retained by the District and used in the following month(s) to decrease the payroll deduction experienced by bargaining unit members. During the month of September the parties to this Agreement shall meet to determine how much additional money, if any, is available for this Premium Reduction Fund and what shall be an equitable manner in which to distribute such money.

Premium Reduction Fund. 6.14.1 After all premiums are paid in compliance with the above provisions, any balance remaining of the State funded amount per month state mandated benefit per FTE shall be called a Premium Reduction Fund and shall be retained by the District and used in the following month(s) to decrease the payroll deduction experienced by bargaining unit members. During the month of September September, the parties to this Agreement District and the Association shall meet to determine how much additional money, if any, is available for this Premium Reduction Fund and what shall be an equitable manner in which to distribute such money. The employer agrees to expend the entire aggregate amount of money generated by the Premium Reduction Fund.

Premium Reduction Fund. 6.14.1 After all premiums are paid in compliance with the above provisions, any balance remaining of the State funded amount per month state mandated benefit per FTE shall be called a Premium Reduction Fund and shall be retained by the District and used in the following month(s) to decrease the payroll deduction experienced by bargaining unit members. During the month of September September, the parties to this Agreement contract shall meet to determine how much additional money, if any, is available for this Premium Reduction Fund and what shall be an equitable manner in which to distribute such money. The employer agrees to expend the entire aggregate amount of money generated by the Premium Reduction Fund.

Premium Reduction Fund. 6.14.1 ‌ After all premiums are paid in compliance with the above provisions, any balance remaining of the State funded amount per month state mandated benefit per FTE shall be called a Premium Reduction Fund and shall be retained by the District and used in the following month(s) to decrease the payroll deduction experienced by bargaining unit members. During the month of September September, the parties to this Agreement District and the Association shall meet to determine how much additional money, if any, is available for this Premium Reduction Fund and what shall be an equitable manner in which to distribute such money. The employer agrees to expend the entire aggregate amount of money generated by the Premium Reduction Fund.