Common use of Benefits Options Clause in Contracts

Benefits Options. Section 1: Benefits - Full-time employees Employees working an average of thirty-seven (37) hours per week for a minimum of thirty-seven (37) weeks per year shall be eligible to enroll in a Board provided Health Insurance. The employer shall pay no more than the maximum hard cap allowable as determined PA152. The hard cap will increase annually on January 1st. If a future medical benefit plan year change is considered, the Board and Association leadership shall discuss the impacted changes prior to implementation. Said employee, shall also be eligible to enroll in Board provided Pak B Benefit Plan. Information regarding coverage and deductibles is available online through the employer website. Delta Dental 100x:/75/50 Annual Max: $3,000 (fillings at 100%) VSP-2 (effective 1/1/20) $30,000 Life with AD & D If the employee elects, the employee’s premium contribution will be payroll deducted through a qualified Section 125 Plan which allows for pretax contributions. Any eligible employee not receiving health insurance, shall receive a board subsidy in the amount of $50.00 per pay period paid out over 18 pays starting in October, which may be contributed toward an annuity. Section 2: Benefits - Part-time employees Employees not qualified in Section 1 above who work at least an average of twenty-five (25) hours per week for a minimum of thirty-seven (37) weeks per year shall be eligible to receive prorated Board paid subsidy not to exceed $75.00 per month, which may be contributed toward an annuity. Section 3: All employees will receive Board paid life insurance in the amount of $30,000.00 with AD & D. Section 4: Eligibility/Enrollment A) Eligibility:

Appears in 3 contracts

Sources: Master Agreement, Master Agreement, Master Agreement