Common use of Differential Payments Clause in Contracts

Differential Payments. 1/1/15: One fourth of one percent (0.25%) of the AFSCME state appropriated payroll effective June 30, 2014, to be distributed on an annualized basis, as follows:  Effective the first full pay period in June 2015, these monies shall be used to fund the 50 cents per calendar week per FTE increase in Health and Welfare Funding.  An amount sufficient to fund the increase in reimbursement rates to employees as set forth in Article 15 Section 3 of the 2014-2017 Agreement.  The remainder of the funds, if any, will be equally split for two purposes: professional development and educational assistance. The parties agree to establish a Professional Development and Educational Assistance Committee to administer both sets of funds including, but not limited to, determining the use of such funds, employee eligibility for such funds, the manner and methodology for the distribution of such funds to employees and the reallocation of monies between the two sets of funds. Such Committee shall be comprised of six (6) members; three (3) representing the Board

Differential Payments. 1/1/15: One fourth of one percent (0.25%) of the AFSCME state appropriated payroll effective June 30, 2014, to be distributed on an annualized basis, as follows:  • Effective the first full pay period in June 2015, these monies shall be used to fund the 50 cents per calendar week per FTE increase in Health and Welfare Funding.  • An amount sufficient to fund the increase in reimbursement rates to employees as set forth in Article 15 Section 3 of the 2014-2017 Agreement.  • The remainder of the funds, if any, will be equally split for two purposes: professional development and educational assistance. The parties agree to establish a Professional Development and Educational Assistance Committee to administer both sets of funds including, but not limited to, determining the use of such funds, employee eligibility for such funds, the manner and methodology for the distribution of such funds to employees and the reallocation of monies between the two sets of funds. Such Committee shall be comprised of six (6) members; three (3) representing the Board