Benefit Options. Employees must elect a plan administrator and primary care clinic. Those elections will determine the Benefit Level through Advantage. Enrolled dependents must elect a primary care clinic that is available through the plan administrator chosen by the employee.
Benefit Options. Employees are eligible to participate in, and may apply Benefit Dollars towards the cost of, any of the benefit options described below. Benefit elections must be made annually during a period selected by the Board (the “Election Period”). During the Election Period, employees may add, drop, or change the level of medical or dental insurance, change medical insurance selections, and change the amount of contributions to medical and dependent care reimbursement accounts. Other than during the Election Period, benefit elections may not be changed unless the employee has a change of family status or other event, which permits an election change under the internal Revenue Code.
Benefit Options. 1. All employees of the Board of Education will be offered a 50% buy-back of their health benefit premium for that calendar year.
Benefit Options. Option A In lieu of health insurance only, employees may opt to receive a $120/month annuity and dental insurance comparable to Delta Dental 80/80/80 and vision insurance equivalent to VSP 3 and MESSA Term Life at $50,000.00.
Benefit Options. A full time #staff member may elect to receive in addition to the above, the following benefits:
Benefit Options. Members of the bargaining unit have several options to choose from in determining the level of benefit coverage desired. They are as follows:
Benefit Options. (a) Lump sum payment A lump sum payment will be paid in one sum on the date of retirement as per the following amounts: Full Years to Retirement Pay out 2 40% of salary 3 60% of salary 4 80% of salary 5 or more 100% of salary or (b) Past service contribution The College will purchase on behalf of the employee past service contributions to the College pension plan equivalent to the value of the lump sum payment as indicated above.
Benefit Options. You may choose to use one of the following Benefit Options, or any other Benefit Option we make available, on the Retirement Date. The tables shown illustrate guaranteed minimum benefits. The benefits you receive may be greater.
Benefit Options. 14.1 Full-time, regular employees will be entitled to two thousand dollars ($2,000.00) beginning calendar year 2023.