Common use of Effective December Clause in Contracts

Effective December. 1, 2012 contribution levels for those hired or enrolled in retirement after July 1, 2011:3 3 In 1994 benefits-eligible faculty and staff members hired prior to 6/30/1994 had the opportunity to choose an additional 1% retirement contribution (ARC) made by USNH or the Medicare Complimentary Plan (MCP). Those who chose ARC and those hired and enrolled between 1994 and June 30, 2011 receive an additional 1% USNH contribution to their retirement plans, except at the Initial Contribution Level. One current member of the bargaining unit elected MCP before access to that plan was terminated and remains grandfathered.

Effective December. 1, 2012 contribution levels for those hired or enrolled in retirement after July 1, 2011:3 3 2011:7 7 In 1994 benefits-eligible faculty and staff members hired prior to 6/30/1994 had the opportunity to choose an additional 1% retirement contribution (ARC) made by USNH or the Medicare Complimentary Plan (MCP). Those who chose ARC and those hired and enrolled between 1994 and June 30, 2011 receive an additional 1% USNH contribution to their retirement plans, except at the Initial Contribution Level. One current member of the bargaining unit elected MCP before access to that plan was terminated and remains grandfathered.

Effective December. 1, 2012 contribution levels for those hired or enrolled in retirement after July 1, 2011:3 3 In 1994 benefits-eligible benefits-­‐eligible faculty and staff members hired prior to 6/30/1994 had the opportunity to choose an additional 1% retirement contribution (ARC) made by USNH or the Medicare Complimentary Plan (MCP). Those who chose ARC and those hired and enrolled between 1994 and June 30, 2011 receive an additional 1% USNH contribution to their retirement plans, except at the Initial Contribution Level. One current member of the bargaining unit elected MCP before access to that plan was terminated and remains grandfathered.