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Copy of Contract Now Available
The approved contract covers the period July 1, 2007 through June 30, 2010. To view the contract, click on "Contract" in the gold header bar. PERS/TRS and other updates on Retirement Issues Recent stories on PERS/TRS and retirement issues
(1)
pension
obligation bonds' potential to fund a large percentage of the unfunded liability
(2) farm investments bolstering earnings to PERS/TRS (3) private sector's return to defined benefits Benefits Credit Notice The collective bargaining agreement recently ratified by Supervisory members, increases the amount of the Benefit Credit the State pays toward the cost of health insurance for plan year July 1, 2007 to June 30, 2008. The monthly Benefit Credit increases from $835 to $851 per employee, retroactive to July 1, 2007. As a result, the health insurance premiums currently deducted from your payroll are being reduced by $16 per month or $8 per paycheck, reflected in your paychecks in May and June. Health insurance premiums are deducted from your payroll pretax and show on your paycheck as HLTH INS. The difference between the Benefit Credit you were paid between July 2007 and April 2008 and the amount you should have been paid ($16 per month according to the new agreement) will be paid to you in the same check as your retroactive salary, tentatively scheduled for June. (email notice sent 5/10/2008)
Medical Insurance |
 
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