Common use of UNFUNDED LIABILITY (PRE 1994) Clause in Contracts

UNFUNDED LIABILITY (PRE 1994). 35 A. Effective July 1, 1990, through June 30, 1994, the District will deduct one percent (1%) from each 36 Classified employee’s annual salary to be placed in a restricted fund, known as the Sierra Joint 37 Community College District Futuris Public Trust or Post-Retirement Medical Fund (PRMF), for 38 medical benefits for retirees. The District shall match this contribution of 1% of the employee’s 39 annual salary.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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UNFUNDED LIABILITY (PRE 1994). 35 A. Effective July 1, 1990, through June 30, 1994, the District will deduct one percent (1%) from each 36 Classified employee’s annual salary to be placed in a restricted fund, known as the Sierra Joint Joint‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌ 37 Community College District Futuris Public Trust or Post-Retirement Medical Fund (PRMF), for 38 medical benefits for retirees. The District shall match this contribution of 1% of the employee’s 39 annual salary.salary.‌‌‌‌

Appears in 1 contract

Samples: Collective Bargaining Agreement

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