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24. TWO EMPLOYEE AND ONE EMPLOYER BENEFITS GAINSHARING REBATES IN FOURTH QUARTER FY 2011 Approve the rebate of benefit premiums paid to the Employee Benefit Trust by employees for two pay periods in an amount which is estimated to be $1,344,019 and approve the rebate of benefit premiums paid to the Employee Benefit Trust by the Units paying the employer share of the premiums for one pay period in an amount which is estimated to be $4,247,166, in the second to the last payroll before going live before switching the payroll system to ADP. As benefit costs fluctuate with each payroll, the total rebate will not exceed $6,800,000. The funding for this action will be sourced from a reduction of Employee Benefit Trust revenues. The employee rebate will be calculated based upon two times the benefits paid in the most recent pay period for all employees that have an active “A” status at the time of the refund. The employer rebate will be calculated based upon one times the benefits paid in the most recent pay period prior to the refund. The Benefit premiums involved in this action will be for the following Self-Funded plans: six Medical Plans, two Pharmacy Plans, one Stand-Alone Vision, CIGNA Dental, four Short-Term Disability Plans. (C-31-11-013-M-00)