Common use of Premium Increases Clause in Contracts

Premium Increases. If the employee-only medical plan premium increases by $5.00 or more per pay period in any plan year, all employees who participate in the medical plan will receive a premium credit equal to one month of the employee-only premium. This provision will automatically sunset with expiration of the 2017-2020 collective bargaining agreement.

Appears in 2 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement