Cash in Lieu. 1. Effective January 1, 2007 and for each year thereafter, increase the cash-in-lieu amount to $300 per month contingent upon data that confirms that there is no loss in money to the District. If legally permissible, open enrollment for cash in lieu shall be 30 days before the annual open enrollment period for 2007 calendar year medical benefits as defined by CALPERS so that the District could withdraw the “cash in lieu” offer if a minimum number of employees do not sign up (a threshold number of employees to ensure no loss of money to the District). In this way, these employees would be able to participate in the open enrollment for medical benefits in the event that the District must withdraw the increase in cash in lieu because of insufficient participation.
Appears in 4 contracts
Samples: Contractual Agreement, Contractual Agreement, Contractual Agreement
