Coverage/Contribution Rates Sample Clauses

Coverage/Contribution Rates. The Employer shall provide coverage to all full- time bargaining unit members represented by FOP comprehensive major medical/hospitalization health care insurance and ancillary coverage pursuant to the plan contained in Appendix B, another comparable plan (i.e., measured by both design and overall cost) selected by the Employer, or a plan recommended by the insurance committee under this article and approved by the Employer. The applicable plan offering(s) shall be reduced to writing and appended to the agreement as Appendix B. The eligible employee may select coverage (i.e., single, two- party, family, etc.) subject to the plan offerings. Effective January 1, 2019, the Employer shall contribute ninety-four percent (94%) of the cost of monthly coverage for major medical/hospitalization, dental, vision, and prescription drug benefits for all full-time employees and employees shall contribute six percent (6%) of the total cost of monthly coverage under the applicable insurance plan. Effective January 1, 2022, the Employer shall contribute ninety-three percent (93%) of the cost of monthly coverage for major medical/hospitalization, dental, vision, and prescription drug benefits for all full-time employees and employees shall contribute seven percent (7%) of the total cost of monthly coverage under the applicable insurance plan. Effective January 1, 2023, the Employer shall contribute ninety-two percent (92%) of the cost of monthly coverage for major medical/hospitalization, dental, vision, and prescription drug benefits for all full-time employees and employees shall contribute eight percent (8%) of the total cost of monthly coverage under the applicable insurance plan.
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Coverage/Contribution Rates. During term of the parties Agreement, all members shall be entitled to enroll into any health care plans offered by the City, the cost, contribution rates, and other terms and conditions of which shall be the same as are offered to non-bargaining employees and may be subject to change, except that the City agrees to maintain the plan design and terms for the Base Plan for the term of the Agreement. The applicable summary of annual plan offerings is set forth in Exhibit A and will be updated from year to year. The City will provide the certificate of coverage documents for the plan year as they are made available by the insurance carrier(s). Additional plans may be introduced and members may enroll during the annual open enrollment period. Members electing the Base Plan will have an employee contribution as follows: 8% of COBRA rates for the Medical and Prescription benefits.
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Related to Coverage/Contribution Rates

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

  • Contribution Formula Dental Coverage a. Faculty Member Coverage. For faculty member dental coverage, the Employer contributes an amount equal to the lesser of ninety percent (90%) of the faculty member premium of the State Dental Plan, or the actual faculty member premium of the dental plan chosen by the faculty member. However, for calendar years beginning January 1, 2006, and January 1, 2007, the minimum employee contribution shall be five dollars ($5.00) per month.

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

  • Partial Employer Contribution - Basic Eligibility The following employees covered by this Agreement receive the full Employer Contribution for basic life coverage, and at the employee's option, a partial Employer Contribution for health and dental coverages if they are scheduled to work at least fifty (50) percent but less than seventy-five (75) percent of the time. This means:

  • Contribution Eligibility You are eligible to make a regular contribution to your Xxxx XXX, regardless of your age, if you have compensation and your MAGI is below the maximum threshold. Your Xxxx XXX contribution is not limited by your participation in an employer-sponsored retirement plan, other than a Traditional IRA.

  • Retirement Contribution The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications. Corrections Firearms Instructor Oil & Hazardous Material Responder I Oil & Hazardous Material Responder II

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

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