Cash Option. Bargaining unit members without dependent coverage who are employed and receiving cash option money as of July 1, 2007, shall continue to receive $155 per month, minus the cost of the higher plan premium should the employee select the higher priced plan. Commencing July 1, 2012 (the year in which the District begins paying seventy-five percent (75%) dependent coverage), the cash-back will be eliminated. Part-time employees will be entitled to pro-rata payment of dependent coverage.
Appears in 7 contracts
Samples: Collective Bargaining, Collective Bargaining, Collective Bargaining
