Cash in Lieu of Insurance. Eligible full-time teachers, electing not to participate in the health insurance benefit, upon demonstration of having alternative group-sponsored health insurance coverage (or other qualifying health coverage as defined in the Section 125 Plan) for themselves and their eligible dependents, may elect to receive $2,400 in lieu of insurance (accrued at a rate of $200/month of eligible coverage). Payment for accrued cash-in-lieu of insurance benefits shall be paid in two installments – one in December and one in June. Eligible part-time teachers electing not to participate in the health insurance may receive a pro-rated sum equivalent to their FTE. The sum in lieu of insurance will be an annual option for eligible teachers, who must make such an annual election by a deadline date set forth by the Superintendent on a form available from the Superintendent. A teacher so electing payment in lieu of insurance who then seeks to reverse his/her decision during the health plan benefit year may do so subject to the regulations of the carrier. New employees who are also eligible for insurance will also be offered this option (on a pro- rated basis if working a partial election year). All other terms and conditions shall be as defined in the District’s Section 125 plan document. This cash in lieu of insurance option is not available to the following employees:
Cash in Lieu of Insurance. Eligible full-time employees, electing not to participate in the health insurance benefit, upon demonstration of having alternative group-sponsored health insurance coverage (or other qualifying health coverage as defined in the Section 125 Plan) for themselves and their eligible dependents, may elect to receive $2,400 in lieu of insurance (accrued at a rate of $200/month of eligible coverage). Payment for accrued cash-in-lieu of insurance benefits shall be paid in two installments – one in December and one in June). The sum in lieu of insurance will be an annual option for eligible employees, who must make such election by a date set forth by the Superintendent on a form available from the Superintendent. An employee so electing payment in lieu of insurance who then seeks to reverse their decision during the health plan benefit year may do so subject to the regulations of the carrier. New employees who are also eligible for insurance will also be offered this option (on a prorated basis if working a partial election year). All other terms and conditions shall be as defined in the District’s Section 125 plan document. This cash in lieu of insurance option is not available to the following employees:
Cash in Lieu of Insurance. Administrators that do not participate in the health insurance coverage, will be given a cash in lieu of insurance compensation of at least $310 for singles, $335 for Doubles, and $400 for family, each month, in addition to SET-SEG Vision and Dental and UNUM LTD coverage. The Board reserves the right to change the insurance carrier on any given year.
Cash in Lieu of Insurance. All members employed by the District as of June 30, 2008 who decline enrolling in the medical plan provided for in Section One above, the Board will pay $120.00 per month according to the following pro-ration schedule: 0 hours to 6.0 hours Not eligible to receive cash in lieu 6.01 hours to 7.0 hours 87.5 % payment of monthly cash in lieu 7.01 hours to 8.0 hours 100.0% payment of monthly cash in lieu SECTION SIX – PAYMENT OF PREMIUM Board shall pay the herein described insurance premiums for the full twelve (12) months of each year to all eligible bargaining unit members. When employment is interrupted by layoff, discharge, quit, retirement, or unpaid leave of absence, all Employer-paid coverage continues only for the balance of the month in which such termination occurs, unless otherwise required by law.
Cash in Lieu of Insurance. All members employed by the District as of June 30, 2008 who decline enrolling in neither the health nor the dental plans provided for in Section One above, the Board will pay $120.00 per month according to the following pro-ration schedule: 0 hours to 6.0 hours Not eligible to receive cash in lieu 6.01 hours to 7.0 hours 87.5 % payment of monthly cash in lieu 7.01 hours to 8.0 hours 100.0% payment of monthly cash in lieu All members employed by the District as of June 30, 2008 enrolling in only the dental plan provided for in Section One above, the Board will pay $60.00 per month according to the following pro-ration schedule: 0 hours to 6.0 hours Not eligible to receive cash in lieu 6.01 hours to 7.0 hours 87.5 % payment of monthly cash in lieu 7.01 hours to 8.0 hours 100.0% payment of monthly cash in lieu SECTION SIX – PAYMENT OF PREMIUM Board shall pay the herein described insurance premiums for the full twelve (12) months of each year to all eligible bargaining unit members. When employment is interrupted by layoff, discharge, quit, retirement, or unpaid leave of absence, all Employer-paid coverage continues only for the balance of the month in which such termination occurs, unless otherwise required by law.
