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Employee contribution |
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Employee contribution An employee's own deposit to a company retirement plan. |
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The minimum employee contribution percent remains at 6% for all years beyond the fourth year. Design the premium cost-sharing formula so that any significant growth in future premiums will require greater employee contribution. The average employee contribution in Los Angeles in 2006 was $57 a month for HMO plans and $113 for preferred provider plans, the choice of 25 percent of workers. |
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