Common use of Premium Cost Sharing Clause in Contracts

Premium Cost Sharing. The Board shall pay eighty-three and one-half percent (83.5%) in 2014-2015, eighty-two and one-half percent (82.5%) in 2015-2016, and eighty-one and one-half percent (81.5%) in 2016-2017 of the cost of premium coverage. Participating employees shall pay the balance of such cost through payroll deduction.

Premium Cost Sharing. The Board shall pay eighty-five percent (85%) of the cost of premiums (or premium equivalent) for the coverages set forth in this paragraph B above for Administrators in 2014-2015. The Board shall pay eighty-four percent (84%) of the cost of premiums (or premium equivalent) in 2015-2016. The Board shall pay eighty-three and one-half percent (83.583%) in 2014-2015, eighty-two and one-half percent of the cost of premiums (82.5%) in 2015-2016, and eighty-one and one-half percent (81.5%or premium equivalent) in 2016-2017 of the cost of premium coverage2017. Participating employees shall pay the balance of such cost through payroll deduction.