The agreement reached at the State bargaining table concerning health care benefits shall be applicable to bargaining unit employees. Employees will participate in the Health Care Benefit Contributions Settlement under the relevant terms of the Settlement Agreement dated July 25, 2006. Those terms are: employees covered by a 2007-2009 collective bargaining agreement negotiated pursuant to RCW 41.80 and who are insurance eligible for the month of June 2007 shall receive a one-time payment of seven hundred and fifty-six dollars ($756.00) to be dispersed on July 25, 2007. In addition, the compensation negotiated in the 2005-2007 Collective Bargaining Agreements for fiscal year 2007 (1.6%) scheduled to end on June 30 2007 shall be added to the base in this 2007 - 2009 agreement (See also Appendix III).