Benefits Levels Clause Samples
The "Benefits Levels" clause defines the specific types and amounts of benefits that are provided to individuals under an agreement, such as employees or plan participants. It typically outlines the categories of benefits—like health insurance, retirement contributions, or paid leave—and may specify eligibility criteria, coverage limits, or tiers based on factors such as seniority or employment status. By clearly delineating what benefits are available and to whom, this clause ensures transparency and helps prevent misunderstandings or disputes regarding entitlements.
Benefits Levels. During the term of this agreement, the County agrees to continue all benefit programs at current benefit levels as listed in the MOU and the Benefit Summary.
Benefits Levels. (a) Upon receipt of a request from an Eligible Employer, the Trustees shall provide the Eligible Employer with the following (hereinafter collectively referred to as the “Preliminary Summary of Benefits”):
(i) a summary of the Benefits that the CUPE EWBT Retired Employee Benefit Plan can provide to the Retired Employees of that Eligible Employer based upon the Eligible Employer’s Prior Plan;
(ii) an estimated Cost of Benefits; and,
(iii) identification of which benefits would be fully insured and which benefits would be provided on a self-insured basis and the terms on which the self-insured benefits can be provided (for example, any required float, whether a Participating Employer may be required to accept responsibility for payment to the Trust for the costs of the self-insured Benefit in the event Retired Employees fail to pay their Retired Employee Premium Shares, etc.). The Trustees shall provide this information to the Eligible Employer as soon as possible but not later than thirty (30) days from the date the request is received.
(b) Within thirty (30) days of receipt of the Preliminary Summary of Benefits, the Eligible Employer may accept the Preliminary Summary of Benefits and submit a duly completed and executed Retired Employee Participation Agreement to the Trustees, or the Eligible Employer may advise the Trustees that it wishes to modify the Preliminary Summary of Benefits by submitting any requested modifications in writing and remitting them, together with any data required by the Insurance Company, to the Trustees and the Insurance Company. Modifications to the Preliminary Summary of Benefits may only be for the purpose of replicating the Benefits the Eligible Employer provided to its Retired Employees under Prior Arrangements. Notwithstanding the foregoing, the Trustees are not required to verify that any requested modification conforms to an Eligible Employer’s Prior Arrangements, and for greater certainty, if the Eligible Employer becomes a Participating Employer, the Participating Employer is solely responsible and liable for any deficiencies in coverage between the Benefits and its Prior Arrangements.
(c) The Trustees shall make commercially reasonable efforts to provide any requested modifications to the Preliminary Summary of Benefits on a fully insured basis. If the Trustees cannot, after making commercially reasonable efforts to do so, provide a modification to the Preliminary Summary of Benefits on a fully insured basis, then the ...