Common use of Additional State Funding Clause in Contracts

Additional State Funding. If at any time during the term of this Agreement, state funding for insurance benefits as generated by the bargaining unit would increase the insurance benefit pool as described in paragraph B above, the monthly amount contributed and allowed for each employee as specified above shall be increased so as to utilize all the additional state funds. It is recognized that this may also impact the amount of excess funds available for redistribution.

Additional State Funding. ‌ If at any time during the term of this Agreement, state funding for insurance benefits as generated by the bargaining unit would increase the insurance benefit pool as described in paragraph B above, the monthly amount contributed and allowed for each employee as specified above shall be increased so as to utilize all the additional state funds. It is recognized that this may also impact the amount of excess funds available for redistribution.