Contribution Rates. For plan years 2016 and 2017, the University will contribute ninety-five percent (95%) of the premium costs of the coverage, and the employee will contribute five percent (5%). For these plan years, where a bargaining unit employee has an opportunity to choose between two (2) healthcare plans and the employee enrolls in the least expensive PEBB health plan available to them, the University will contribute ninety-seven percent (97%) of the premium costs of the coverage and the employee will contribute three percent (3%). For plan year January 1, 2018 through December 31, 2018, the University and Union will commence negotiations to discuss employer and employee contribution rates as soon as practicable after announcement by PEBB of the plans and premium costs for the 2018 plan year. An agreement as to the employer and employee contribution rates will be reduced to writing, signed by the parties and made part of this Agreement. If the University and Union do not come to agreement on the contribution rates by August 31, 2017, the parties agree to implement the same contribution rates for plan year 2018 that are applicable to the classified employees for that plan year, unless the employer contribution is less than ninety-five percent (95%) of the premium cost over coverage. In which case, the rates will remain the same as plan year 2017.
Appears in 6 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
