Wage Premium in Lieu of Benefits. In lieu of all benefits provided for in this Agreement except for shift differential pay, callback pay, standby pay, weekend premium, charge pay, preceptor pay, certification pay, continuing education and professional development expenses, longevity steps, and retirement benefits if eligible, full-time and part-time nurses may elect a fifteen percent (15%) wage premium. This election must occur within the first ten (10) days of employment or annually on dates designated in advance by the Employer, providing the nurse presents the Employer with written evidence that the nurse is covered by health insurance elsewhere, and providing the application for enrollment is approved by the insurance carrier. Nurses will be given advance notice of enrollment dates. After the decision to receive either wages plus benefits or wages plus premium pay in lieu of benefits has been made by the nurse, no change in that compensation status will be allowed except as provided herein.
Wage Premium in Lieu of Benefits. In lieu of all benefits except for shift differential, lead pay, callback pay, standby pay, and longevity steps after October 5, 2003, full-time and benefit eligible part-time employees, .6 FTE and above, may elect a fifteen percent (15%) wage premium. This election must occur within the first ten (10) days of employment or within ten (10) days of the signing of this Agreement, whichever is later, or annually on dates designated in advance by the Employer, providing the employee presents the Employer with written evidence that the employee is covered by health insurance elsewhere, and providing the application for insurance coverage is approved by the insurance carriers. Employees will be given advance notice of enrollment dates. After the decision to receive either (1) compensation plus benefits or
Wage Premium in Lieu of Benefits. In lieu of all benefits except for shift differential, call back pay, standby pay, holiday pay if worked and longevity steps, a part-time nurse may elect a sixteen percent (16%) wage premium above the straight time hourly rate of pay. This election must occur within ten (10) days of employment and between the dates of October 1 and October 15 in each subsequent year thereafter, providing the nurse presents the Employer with written evidence that the nurse is covered by health insurance elsewhere. Nurses changing from benefits status to premium pay in lieu of benefits shall be paid any accrued annual leave at the time of the status change. Should a nurse who is receiving the sixteen percent (16%) wage premium want to revert back to benefits status, that election can only occur between October 1 and October 15 of each year, unless the nurse demonstrates a loss of alternate health insurance coverage and no availability of COBRA rights. The term "benefits" shall include but shall not be limited to PTO and EIT (Article10), insurance and retirement policies (Article 11), paid leaves of absence (Article 12 and 13), and tuition reimbursement (Article 13).
Wage Premium in Lieu of Benefits. In lieu of all fringe benefits provided for in this Agreement except for shift differential pay, callback pay, standby pay and longevity increments, full-time and part-time nurses may elect a fifteen percent (15%) wage premium. This election must occur within the first ten (10) days of employment or within ten (10) days of the signing of this Agreement, whichever is later, or annually on dates designated in advance by the Employer, providing the nurse presents the Employer with written evidence that the nurse is covered by health insurance elsewhere, and providing the application for enrollment is approved by the insurance carrier. Nurses will be given advance notice of enrollment dates. After the decision to receive either, compensation plus benefits or compensation plus premium pay in lieu of benefits has been made by the nurse, no change in that compensation status will be allowed except as provided herein. In the event the law requires the Employer to offer contribute to a program of health insurance on behalf of part-time nurses, and the part-time nurse is enrolled in one of the Employer’s health insurance plans, the fifteen percent (15%) differential provided herein shall be adjusted based on the percent such cost represents for a nurse on step 5 of the salary schedule except that the differential may not be less than nine percent (9%). The Employer retains the right to discontinue the premium in lieu of benefits as an option, except that nurses receiving the premium at that time may continue.
Wage Premium in Lieu of Benefits. In lieu of Annual Leave, Sick Leave, Health, Life, Long Term Disability, Accidental Death and Dismemberment and Dental insurance benefits, full-time (1.0 FTE) and part-time nurses (0.1 – 0.9 FTE) may elect a fifteen percent (15%) wage premium. Premium paid nurses shall accrue seniority but shall not be eligible for the above-listed benefits provided for in this Agreement. This election must occur annually on dates designated in advance by the Hospital. For nurses who hold a .5 FTE or above, benefits may only be waived, providing the nurse presents the Employer with written evidence that the nurse is covered by health insurance elsewhere, and providing the application for enrollment is approved by the insurance carrier. Nurses will be given advance notice of the enrollment dates. After the decision to receive either compensation plus benefits or compensation plus premium pay in lieu of benefits has been made by the nurse, no change in that compensation status will be allowed except as provided herein. Nurses electing this Premium In Lieu of Benefits may be required to participate in certain benefits at their own expense if currently a plan requirement that all eligible employees participate (.8 FTE for Life and .6 FTE for LTD Insurance).
Wage Premium in Lieu of Benefits. In lieu of all benefits provided for in this Agreement except for shift differential pay, callback pay, standby pay, weekend premium (11.6), charge pay, preceptor pay, certification pay, continuing education and professional development expenses, longevity steps, and retirement benefits if eligible, full-time and part-time nurses may elect a fifteen percent (15%) wage
Wage Premium in Lieu of Benefits. In lieu of all fringe benefits provided for in this Agreement except for shift differential pay, weekend premium pay, report pay, and longevity steps, full-time and part-time employees may elect a fifteen percent (15%) wage premium, subject to review for compliance with the Affordable Care Act as outlined in XXX 20. The increase from 12% to 15% will not occur if it results in penalties or additional cost to the employer. This election must occur within the first ten (10) days of employment or within ten (10) days of the signing of this Agreement, whichever is later, or annually on dates designated in advance by the Employer. Employees will be given advance notice of election dates. Starting July 1, 2018 On Call employees who, on average, work less than 36 hours a month during the preceding calendar quarter will be paid a premium of 12%; otherwise 15%.
Wage Premium in Lieu of Benefits. In lieu of all benefits set forth in this Agreement, a part-time employee may elect a fifteen percent (15%) wage premium above the straight time hourly rate of pay. This election must occur within ten (10) days of employment and between the dates of October 1 and October 10 in each subsequent year thereafter, providing the employee presents the Employer with written evidence that the employee is covered by health insurance elsewhere. Employees changing from benefits status to premium pay in lieu of benefits shall be paid any accrued Paid Time Off (PTO) at the time of the status change. Should an employee who is receiving the fifteen percent (15%) wage premium want to revert back to receiving pro rata benefits status that election shall occur only between October 1 and October 10 of each year, unless the employee demonstrates a loss of alternate health care insurance coverage and no availability of COBRA rights. The term "benefits" shall include Paid Time Off-Extended Illness Time (Article 10), paid leaves of absence and tuition reimbursement (Article 14) and insurance policies (Article 12). Employees electing benefits will be subject to the benefit plan conditions and requirements.
Wage Premium in Lieu of Benefits. In lieu of all benefits except for shift differential, charge pay, preceptor pay, certification pay, callback pay, weekend premium, standby pay and longevity steps, full-time and part-time nurses may elect a fifteen percent (15%) wage premium. This election must occur within the first ten
Wage Premium in Lieu of Benefits. In lieu of Annual Leave, Sick Leave (except paid sick leave required by law), Health, Life, Long Term Disability, Accidental Death and Dismemberment and Dental insurance benefits, full-time (1.0 FTE) and part-time nurses (0.1 –
