Side Letter on Health Insurance

CPS shall pay a hold harmless lump sum to employees who were enrolled in the Blue Advantage HMO on December 31, 2016 and on January 1, 2017. The lump sum shall be equal to the difference between the 2016 and 2017 employee contributions for12 months, which shall be calculated by multiplying the employee’s contribution rates (based on coverage level) for January 1, 2016 to December 31, 2016 and for January 1, 2017 to December 31, 2017 times the employee’s current annual salary, i.e., Lump sum = [Current Salary * 2017 Contribution Rate] – [Current Salary * 2016 Contribution Rate].