University Defined Contribution Sample Clauses

University Defined Contribution. Beginning July 1, 2014, the University defined contribution will equal 82% of the net plan cost of the UA Health plan. The University will not make contribution(s) for employees who choose to opt-out of the University Health Plan.
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University Defined Contribution. Effective January 1, 2008, the University shall contribute $1023.75 per employee per month toward health care. There shall be no University contribution for employees who choose to opt-out of the University health care plan. Effective July 1, 2008 the University defined contribution shall equal 85% of the net cost of health benefits for all covered employees, but not less than $1023.75. Beginning July 1, 2009, the University defined contribution shall equal 83% of the net cost of health benefits for all covered employees, but not less than $1023.75. Beginning July 1, 2010, the University defined contribution shall equal 83% of the net cost of health benefits for all covered employees, but not less than $1023.75.

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