Cash in Lieu. The Trust may, in its sole discretion (except to the extent limited, if at all, by ETF Exemptive Relief), permit or require the substitution of an amount of cash to be added to any Cash Balancing Amount to replace any Redemption Instrument (“cash in lieu”).
Cash in Lieu. An employee who elects not to receive any College-sponsored health or dental coverage and who provides proof of alternate health insurance coverage shall be paid “cash-in-lieu” in the amount of $2,200.00. An employee who elects to receive only “single coverage” (i.e., non-family coverage) under the College-sponsored health coverage shall be paid “cash-in-lieu” in the amount of $1,850.00. Any “cash-in-lieu” amount will be paid to the employee in installments during the term of the employee’s contract.
Cash in Lieu. When an employee declines medical coverage under the employer’s group medical insurance plan, the Employer shall offer a taxable monthly cash in lieu dollar amount of
Cash in Lieu. A LSA member choosing to opt out of medical healthcare as outlined in Article XII below will receive $208.33 for each full month in the period from July 1 to June 30 in which the employ- ee is not covered by the District health insurance plan. This amount, less applicable deductions, will be paid on a date as agreed upon by the District and LSA leadership. The employ- ee will not be eligible for this payment in any month in which he/she is covered on the health insurance provided through the school district as a spouse or dependent of another employee in the school district. If after choosing to opt out of District medical healthcare, the status of the member changes, he/she may re-enroll in the District healthcare program and not receive the cash in lieu payment.
Cash in Lieu. Teachers electing not to receive the hospital medical insurance will have the option of receiving a cash amount of $425 per month ($5,100.00 annually).
Cash in Lieu. Effective January 1, 2007 the cash in lieu amount shall be $300.00/month.
Cash in Lieu. Effective January 1, 2013 and for each year thereafter, increase the cash-in-lieu amount to $350.00 per month.
Cash in Lieu. 1. Effective January 1, 2007 and for each year thereafter, increase the cash-in-lieu amount to $300 per month contingent upon data that confirms that there is no loss in money to the District. If legally permissible, open enrollment for cash in lieu shall be 30 days before the annual open enrollment period for 2007 calendar year medical benefits as defined by CALPERS so that the District could withdraw the “cash in lieu” offer if a minimum number of employees do not sign up (a threshold number of employees to ensure no loss of money to the District). In this way, these employees would be able to participate in the open enrollment for medical benefits in the event that the District must withdraw the increase in cash in lieu because of insufficient participation.
Cash in Lieu. Employees enrolled in Package C will receive a payment of twelve hundred ($1,200) at the end of the fiscal year (prorated if they are employed for less than a full year or if they are only eligible for partial coverage for only part of the year) less the cost of the life insurance premium.
Cash in Lieu. Employees enrolled in Package B will receive a two thousand ($2,000) dollar yearly stipend.
