Common use of Statement of Benefits Clause in Contracts

Statement of Benefits. ‌ Subject to legislative prerogative and action, the following fringe benefits will remain in force and effect for the faculty unit members: Retirement (SDCL Ch. 3-12), Unemployment Insurance (SDCL title 61), Worker's Compensation Insurance (SDCL title 62), Long Term Disability Insurance (SDCL Ch. 3-12), and Personal Liability Indemnification (SDCL §§ 3-19-1 and 3-19-2). The health and life insurance policies presently in effect for the faculty unit members will remain in force until and unless such policies are modified, changed, substituted or extended by legislative or executive action. The UniServ director of COHE will be furnished a copy of any master insurance policies for insurance.

Statement of Benefits. ‌ Subject to legislative prerogative and action, the following fringe benefits will remain in force and effect for the faculty unit members: Retirement (SDCL Ch. 3-12), Unemployment Insurance (SDCL title 61), Worker's Compensation Insurance (SDCL title 62), Long Term Disability Insurance (SDCL Ch. 3-12), and Personal Liability Indemnification (SDCL §§ 3-19-1 and 3-19-2). The health and life insurance policies presently in effect for the faculty unit members will remain in force until and unless such policies are modified, changed, substituted or extended by legislative or executive action. The UniServ director of COHE will be furnished a copy of any master insurance policies for insurance.