Premium Sharing. Eligible bargaining unit members who choose to enroll in the University’s health insurance plan will contribute the following percentages of the Fully Insured Equivalent or such other calculation as detailed in Appendix D or such lesser percentage that the University charges to any other employees, for medical, dental, vision and prescription drug benefits: Effective August 18, 2020 and continuing through June 30, 2022, employees will contribute via payroll deduction 15% of the cost of Employee Only, Employee plus One dependent, and Family (Employee plus two or more dependents) of the full premium for fully insured components, or for self-insured components, the established fully insured equivalent rate or such calculation as detailed in Appendix D. Effective July 1, 2022 and thereafter, employees will contribute, via payroll deduction, 18% of the cost of Employee Only, Employee plus One Dependent, and Family (Employee plus two or more dependents) of the full premium for fully insured components, or for self-insured components, the established fully insured equivalent rates or such calculation as detailed in Appendix D. Payments shall be deducted in equal amounts from each eligible bargaining unit member’s semi- monthly paychecks.
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