Flexible Spending Account The parties agree that the State shall have the right to use State Employee Health Plan funds to cover the administrative costs of operating the medical and dependent care flexible spending account programs.
Dental The Hospital agrees to contribute seventy-five percent (75%) of the billed premiums towards coverage of eligible employees in the active employ of the hospital under the Liberty Health Dental Plan #9 (or its equivalent) based on the current ODA fee schedule provided the balance of the monthly premiums are paid by the participating employees through payroll deduction. Employees will be enrolled in the existing Plan in accordance with the terms and conditions of the Plan. The Plan shall provide for recall oral examination to be covered once every nine (9) months. Orthodontic coverage will be included for participating employees on a 50/50 co-insurance basis, with a lifetime maximum of $1,500 per insured person. The Dental coverage will include complete and partial dentures at 50/50 co-insurance to $1,000 maximum per person annually, and crowns, bridge work and repairs at 50/50 co-insurance to $1,500 maximum per person annually.
Flexible Benefits Plan The School District of Lee County shall offer its 30 employees an IRS Section 125 qualified Flexible Benefits Plan (Flex Plan). Voluntary benefits 31 included in the Flex Plan may be purchased pre-tax through payroll deduction or with Flex Credits.
Vision The University shall make available vision insurance to the employees covered by this agreement to the same extent and in the same manner as is available to other University employees, such as Faculty and the Executive, Administrative and Professional Staff employees. It is the University's goal to have the same vision insurance plan(s) offered uniformly to all University groups and employees.
Retirement System The withdrawal of employee contributions made on or after January 1, 2014 may also be withdrawn but only on an actuarially neutral basis. The actuarial present value of the pension reduction shall be equal to the amount of accumulated member contributions withdrawn. The actuarial present value shall computed using the interest rate used in the annual actuarial valuation and the mortality table used in the annual actuarial valuation with a 50% unisex blend.
Retirees The Company has no obligation or commitment to provide medical, dental or life insurance benefits to or on behalf of any of its employees who may retire or any of its former employees who have retired except as may be required pursuant to the continuation of coverage provisions of Section 4980B of the Code and the applicable provisions of ERISA.