Consolidated Benefits Program Sample Clauses
The Consolidated Benefits Program clause establishes a unified framework for providing employee benefits, such as health insurance, retirement plans, and other welfare programs, under a single, coordinated plan. This clause typically outlines how various benefits are grouped together, eligibility requirements, and the administration of these benefits, ensuring that employees receive a comprehensive package rather than separate, uncoordinated offerings. By consolidating benefits, the clause streamlines administration, reduces redundancy, and ensures consistency in the delivery of employee benefits, ultimately simplifying management for the employer and enhancing clarity for employees.
Consolidated Benefits Program. A. CONSOLIDATED BENEFITS (CoBen) PROGRAM DESCRIPTION
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(1) Effective July 1, 2001 through December 31, 2001, the State agrees to pay the following contribution for consolidated benefits allowance amounts. The allowance amounts are based on the Health Benefits party codes in a health plan administered or approved by CalPERS. The State agrees to contribute the following:
(a) The State shall contribute $222 per month for coverage on an eligible employee. (Party code one)
(b) The State shall contribute $427 per month for coverage on an eligible employee plus one dependent. (Party code two)
(c) The State shall contribute $563 per month for coverage on an employee plus two or more dependents. (Party code three)
(2) Effective January 1, 2002 through December 31, 2002, the State agrees to pay the following contribution for consolidated benefits allowance amounts. The allowance amounts are based on the Health Benefit party codes in a health plan administered or approved by CalPERS. The State agrees to contribute the following:
(a) The State shall contribute $230 per month for coverage on an eligible employee. (Party code one)
(b) The State shall contribute $443 per month for coverage on an eligible employee plus one dependent. (Party code two)
(c) The State shall contribute $584 per month for coverage on an eligible employee plus two or more dependents. (Party code three)
(3) Effective January 1, 2003, the State agrees to pay the following contribution for consolidated benefits allowance amounts. The allowance amounts are based on the Health Benefit party codes in a health plan administered or approved by CalPERS. The State agrees to contribute the following:
(a) The State shall contribute $230 per month for coverage on an eligible employee (Party code one), plus 2/3 of the January 1, 2003 CalPERS HMO, single-party (employee only) weighted average premium increase.
(b) The State shall contribute $443 per month for coverage on an eligible employee plus one dependent (Party code two), plus 2/3 of the January 1, 2003 CalPERS HMO, two-party (employee plus one dependent) weighted average premium increase.
(c) The State shall contribute $584 per month for coverage on an eligible employee plus two or more dependents (Party code three), plus 2/3 of the January 1, 2003 CalPERS HMO, family (employee plus two or more dependents) weighted average premium increase. When an employee is appointed to a new position or class that results in a change in elig...
Consolidated Benefits Program