Common use of RETIREE MEDICAL FUND Clause in Contracts

RETIREE MEDICAL FUND. 9.8.1 The Retiree Medical Fund in effect immediately prior to the effective date of this Agreement shall remain in full force and effect for the duration of this Agreement. Annually, by July 1, the District shall deposit to this fund an amount equal to the prior year’s July 1 deposit (increased by the same percentage by which the Certificated Salary Schedule is increased, as set forth in Section 7.1) less advance deposits, if any, as described in Section 9.8.

RETIREE MEDICAL FUND. 9.8.1 9.8.1. The Retiree Medical Fund in effect immediately prior to the effective date of this Agreement shall remain in full force and effect for the duration of this Agreement. Annually, by July 1, the District shall deposit to this fund an amount equal to the prior year’s July 1 deposit (increased by the same percentage by which the Certificated Salary Schedule is increased, as set forth in Section 7.1) less advance deposits, if any, as described in Section 9.8.