Common use of REVIEW OF HEALTH BENEFIT CONTRIBUTION REQUIREMENTS Clause in Contracts

REVIEW OF HEALTH BENEFIT CONTRIBUTION REQUIREMENTS. After the final pay period in December for each year covered by this Agreement the University will review the annual earnings of all eligible employees who received TSSS payments in the year. If it is found that any TSSS employee qualifies for health premiums at the lower rate (e.g., Tier 1 instead of Tier 2), such employees shall be credited the difference between the Tier 2 and Tier 1 premiums for the entire twelve-month period. Such credit shall appear in the first paycheck of the new calendar year. This credit process will apply only to nine-month employees who worked the entire calendar year and were eligible for and received TSSS payments during the applicable calendar year.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

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REVIEW OF HEALTH BENEFIT CONTRIBUTION REQUIREMENTS. After the final pay period in December for each year covered by this Agreement the University will review the annual earnings of all eligible employees who received TSSS payments in the year. If it is found that any TSSS employee qualifies for health premiums at the lower rate (e.g., Tier 1 instead of Tier 2), such employees shall be credited the difference between the Tier 2 and Tier 1 premiums for the entire twelve-month period. Such credit shall appear in the first paycheck of the new calendar year. This credit process will apply only to nine-nine- month employees who worked the entire calendar year and were eligible for and received TSSS payments during the applicable calendar year.

Appears in 1 contract

Samples: Agreement

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