Benefit Credits Sample Clauses

Benefit Credits. The Sponsors shall credit the HRA Account of each Participant with a Benefit Credit in the amount of $1800 on the first day of each Plan Year. The Benefit Credit to be made on behalf of a Participant who is an Eligible Dependent shall be made to the combined HRA Account of the Eligible Dependent and his or her Eligible Retiree. Upon request, the Plan Administrator may establish a separate HRA Account for the Eligible Dependent of an Eligible Retiree. No earnings shall be credited at any time with respect to any HRA Account.
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Benefit Credits. 40.0 The district will give each administrator a specified amount of benefit credits for each category of benefit plans within the flexible benefits program. The amount of credits each administrator receives will be based upon his/her family status and percent of time worked. The administrator will use these credits to “buy” the plans that best meet his/her individual needs. HEALTH PLAN
Sample 1
Benefit Credits. B.15 The district will give each employee a specified amount of benefit credits for each category of benefit plans within the flexible benefits program. The amount of credits each employee receives will be based upon his/her family status and percent of effort. The employee will use these credits to “buy” the plans that best meet his/her individual needs. Health Plan Credits
Sample 1
Benefit Credits. The Company shall credit HRA Accounts of Participants with the Benefit Credits specified in Section 1.10 at the time or times specified in Section 1.13. If the Plan Sponsor has elected a separate account structure under Section 1.12, the Benefit Credit to be made on behalf of a Participant who is an Eligible Dependent shall be made to such Participant’s separate HRA Account. No earnings shall be credited at any time with respect to any HRA Account.
Sample 1
Benefit Credits. The district will give each administrator a specified amount of benefit credits for each category of benefit plans within the flexible benefits program. The amount of credits each administrator receives will be based upon his/her family status and percent of time worked. The administrator will use these credits to “buy” the plans that best meet his/her individual needs. Health Plan Credits Full time administrators will receive an amount of benefit credits resulting in the following outcomes: • Ninety percent of the premium cost of the Blue Cross Community Blue PPO Plan 2 with $5/25 prescription coverage. • Full time administrators whose status is family or two-person and who choose to waive any medical plan participation will receive $2,200 per year for doing so. • Administrators whose family status is single and who choose to waive any medical plan participation will receive $1,100 per year for doing so. The stipend paid for waiving medical plan participation will be prorated for administrators who are not employed for the full school year or whose assignments are less than full time. Part time administrators will receive benefit credits proportionate to their assignments. For example: a half time administrator will receive 50% of the benefit credits indicated above.
Sample 1
Benefit Credits. Effective for payments on and after September 1, 2011, the parties will amend Section 4. 1 of the Retirement Plan to provide the following Benefit Credits for the indicated Credited Seasons: Credited Season il Plan Year Benefit Credit Before 1982 $ 250 1982 through 1992 $ 255 1993 and 1994 $ 265 1995 and 1996 $ 315 1997 $ 365 1998 through 2011 $ 470 2012 through 2014 $ 560 2015 through 2017 $ 660 2018 through 2020 $ 760 Benefits for affected players in pay status shall be proportionately increased based on the new and prior Benefit Credits.
Sample 1

Related to Benefit Credits

  • Vacation Credits All employees shall participate in the County’s Terminal Pay Plan (Plan). However, only the terminal paychecks (including unused vacation) of those employees who have reached the age of fifty-five (55) shall be placed into the Plan. These terminal paychecks shall be placed into the Plan on a pre-tax basis in accordance with the Plan, all applicable laws and all rules and regulations applicable to the Plan.

  • Retirement Credit Retirement credit for such periods of leave without pay shall be governed by the rules and regulations of the Division of Retirement and the provisions of Chapter 121, Florida Statutes.

  • Tax-Deferred Earnings The investment earnings of your Xxxx XXX are not subject to federal income tax as they accumulate in your Xxxx XXX. In addition, distributions of your Xxxx XXX earnings will be free from federal income tax if you take a qualified distribution, as described below.

  • Benefit Level The primary care clinics available through each plan administrator are assigned a Benefit Level. The Benefit Levels are outlined in the benefit chart below. Primary care clinics may be in different Benefit Levels for different plan administrators. Family members may be enrolled in clinics that are in different Benefits Levels. Employees and their dependents may change to clinics in different Benefit Levels during the annual open enrollment. Employees and their dependents may also elect to move to a clinic in a different Benefit Level within the same plan administrator up to two (2) additional times during the plan year. Unless the individual has a referral from his/her primary care clinic, there are no benefits for services received from providers in Benefit Levels that are different from that of the primary care clinic in which the individual has enrolled.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Retirement Pay Any teacher with ten (10) years consecutive teaching experience in the Park Hill School District immediately prior to retirement from PSRS without an age reduction for early retirement, shall receive upon retirement from the Park Hill School District a terminal amount based upon the following formula: (Notation, the teacher must make application to PSRS for retirement and begin drawing from PSRS on the first available month following retirement). Years of service to the Park Hill School District to be divided by ten (10) and multiplied by one-ninth (1/9) of the last completed contract. Retirement notification after December 15 for the current academic year will result in a reduction of $1,000.00 from the total under Article 36. In the event of a sudden severe illness of the teacher, teacher’s legally recognized spouse, and/or child, the transfer of a legally recognized spouse, or being called into active military duty may be cause for the District not to impose the late notification reduction of $1,000.00. A teacher who otherwise qualifies for payment under Article 36 and dies while currently classified as an active employee will receive such payment.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • Benefit Eligibility For purposes of the Benefit Plan entitlement, common-law and same sex relationships will apply as defined.

  • Company Contributions (a) For employees hired, rehired or who become covered under the CWA 3176 Agreement through any means before January 1, 2016, the Company shall contribute a Company Matching Contribution equal to 25 percent of the Participant’s Contribution up to a maximum of 6 percent of eligible wage.

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