Proposition C Employee Cost-Sharing Sample Clauses
The Proposition C Employee Cost-Sharing clause establishes the terms under which employees are required to contribute to certain costs, typically related to benefits such as health insurance or retirement plans. This clause outlines the percentage or amount that employees must pay, how these contributions are deducted (for example, through payroll), and may specify which categories of employees are affected. Its core practical function is to clearly allocate the financial responsibility for specific benefits between the employer and employees, ensuring transparency and predictability in compensation-related expenses.
Proposition C Employee Cost-Sharing. 277. The parties recognize the requirement under Charter Section A8.409-9 to negotiate cost- sharing provisions that produce comparable savings and costs to the City and County as are produced through the Charter's SFERS employee contribution rate adjustment formulae. The parties intend this Section to effectuate the cost sharing provisions of San Francisco Charter Section A8.409-9. The parties further acknowledge that: (i) the annual SFERS employer contribution rate is determined by the SFERS actuary and approved by the SFERS Board for each fiscal year; and (ii) the annual employer contribution rate for SFERS for FY 2012-13 is 20.71%.
Proposition C Employee Cost-Sharing. 184a. The parties recognize the requirement under Charter Section A8.409-9 to negotiate