Residual Funds. 8.1.2.4 Full-time faculty who are hired after January 1, 2005 will not receive residual funds from the District health and welfare contribution of five thousand two hundred dollars ($5,200). Residual funds are defined as those moneys left over from the District contribution of five thousand two hundred dollars ($5,200) after the full-time faculty member has selected his/her health, dental, and mandatory life insurance coverage.
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