Common use of Dependent Vesting Clause in Contracts

Dependent Vesting. Employees who first become eligible for health benefit enrollment on or after July 1, 2006, shall be subject to a two-year vesting schedule for the employer health contribution for dependents as follows: a. Fifty percent (50%) of the normal employer dependent portion of the contribution upon initial enrollment; b. Seventy-five percent (75%) of the normal employer dependent portion of the contribution upon completion of twelve (12) months of service; and c. One-hundred percent (100%) of the normal employer dependent portion of the contribution upon completion of twenty-four (24) months of service. The employer dependent contribution amounts shall be established by CalHR each year at the same time that the normal employer health contributions are established. When an employee is appointed to a new position or class that results in a change in eligibility for the composite rate, the effective date of the change shall be the first of the month following the date the notification is received by the State Controller’s Office if the notice is received by the tenth of the month.

Dependent Vesting. Employees who first become eligible for health benefit enrollment on or after July 1, 2006, shall be subject to a two-year vesting schedule for the employer health contribution for dependents as follows: a. Fifty percent (50%) of the normal employer dependent portion of the contribution upon initial enrollment; b. Seventy-five percent (75%) of the normal employer dependent portion of the contribution upon completion of twelve (12) months of service; and c. One-hundred percent (100%) of the normal employer dependent portion of the contribution upon completion of twenty-four (24) months of service. The employer dependent contribution amounts shall be established by CalHR DPA each year at the same time that the normal employer health contributions are established. When an employee is appointed to a new position or class that results in a change in eligibility for the composite rate, the effective date of the change shall be the first of the month following the date the notification is received by the State Controller’s Office if the notice is received by the tenth of the month.