Increase or Decrease in Premiums Clause Samples

Increase or Decrease in Premiums. In the event health insurance premiums are decreased from the current level, the resulting savings shall be shared by the teachers and district at twenty-five (25%) percent and seventy-five (75%) percent, respectively. In the event health insurance premiums increase on or after July 1, 1989, the resulting increase shall be shared by the teachers and district at twenty-five (25%) percent and seventy-five (75%) percent, respectively.