Common use of Benefits Plan Clause in Contracts

Benefits Plan. The Parties acknowledge that the College is in the process of redesigning its health benefit plan for all employees at the College. The Union acknowledges that it has had the opportunity to participate in these discussions by virtue of its membership in the College’s Benefits Committee. The effective date of the redesigned plan shall be January 1, 2019. Until that time, the status quo shall be maintained. The College retains the right to choose the insurance carriers, or to change carriers, and to alter the design of its benefits plan, including introducing multiple tiers of premiums, provided that, during the term of this Agreement, the cost share shall not exceed the percentages set forth below. However, during the term of this Agreement, the College is committed to maintaining levels of health insurance coverage roughly comparable to the network and services coverages provided under the current plan. If during the term of this Agreement, the College makes a new health benefit plan available to another bargaining unit or broad class of non-bargaining employees, which is more favorable than the redesigned plan to be implemented on January 1, 2019, the College shall offer it as an option to the bargaining unit members to the fullest extent permitted by law. The College shall provide:

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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