Beginning January 1, 2016 and thereafter Sample Clauses

Beginning January 1, 2016 and thereafter the maximum annual benefit contribution amount for each full time eligible certificated employee’s benefits plan shall be $14,400. The District’s benefit contribution shall be allocated over a three-tiered structure that includes employee only, employee plus one dependent, and employee plus two or more dependents. Effective upon ratification of this agreement, the equivalent of 0.8% or $249,600 will be refunded to ESTA’s benefit reserve account. Effective upon ratification of this agreement, an additional equivalent of 0.4% or $124,800 will be credited to ESTA’s benefit reserve account.