Common use of Contribution Amount Clause in Contracts

Contribution Amount. For those employees who enroll in City offered coverage, the City’s contribution towards each employee’s flexible benefit account is as follows: two thousand one hundred and nineteen dollars ($2,119.00) per month effective the pay period which includes January 1, 2019. This amount is inclusive of the CalPERS statutory minimum amount for each year. An employee who selects benefits which cost less than the dollars contributed by the City (which also requires the employee to select life insurance and long term disability per Article 4.3) shall receive the remainder of the flexible benefit contribution in cash up to a maximum of one thousand and sixty dollars ($1,060.00) per month.

Contribution Amount. For those employees who enroll in City offered coverage, the City’s contribution towards each employee’s flexible benefit account is as follows: Effective July 1, 2018, one thousand three hundred and seventy-five dollars ($1,375.00) per month. Effective July 1, 2019, two thousand one hundred and nineteen dollars ($2,119.00) per month effective the pay period which includes January 1, 2019month. This amount is These amounts are inclusive of the CalPERS statutory minimum amount for each year. An employee who selects benefits which cost less than the dollars contributed by the City (which also requires the employee to select life insurance and long term disability per Article 4.3) shall receive the remainder of the flexible benefit contribution in cash up to a maximum of eight hundred and forty six dollars ($846) per month. Effective July 1, 2019, this amount is increased to one thousand and sixty dollars ($1,060.00) per month.