Reduction in Contribution. If an employee’s hours are involuntarily reduced in an amount that will affect the eligibility for benefits under this Article, the amount of the insurance premium contribution under Section A above will be frozen at the level that was paid prior to the reduction in hours, until such time as the hours are restored or the level of benefit increases beyond the frozen amount. If the employee was receiving a full pool benefit prior to the involuntary reduction in hours, the district contribution under Section B above shall continue to be paid at the full-time employee level.
Reduction in Contribution. At the end of each fiscal year, the Member’s Contribution for the following fiscal year may be reduced. For members of the Pool, the amount of the reduction may include a component based on the amount, if any, of the Pool’s Fund Balance for the preceding fiscal year (the “Fund Balance”). For Members in the Pool, the amount of the reduction may also depend on other factors the Board reasonably considers in evaluating how to allocate all or part of the Fund Balance among Members in the Pool (for example, a Member’s loss experience, aggregate payment of Contributions, or uninterrupted membership or participation in the Pool). The Board may reduce the amount of the Member’s Contribution only if the Board determines that it is financially appropriate based on the Pool’s most recent actuarial review. Any decision to reduce Contributions for one fiscal year does not obligate the Board to reduce Contributions in a similar manner or at all in succeeding fiscal years.
