Elective Plan. The Employee has the option to participate in an Elective Plan by paying an amount equal to the lesser of 16% or that percentage assessed to non-contractual Township employees, effective 1/1/2019, and the lesser of 17% or that percentage assessed to non-contractual Township employees, effective 1/1/2020, of the premiums and premium equivalents including, but not limited to, any applicable HRA reimbursement or fees owed by the Township to participate in the program.
Elective Plan. The Employee has the option to participate in an Elective Plan by paying an amount equal to the lesser of 15% or that percentage assessed to non- contractual Township employees, effective 1/1/15 and 1/1/16, and the lesser of 16% or that percentage assessed to non-contractual Township employees, effective 1/1/17, of the premiums and premium equivalents including but not limited to any HRA reimbursement or fees owed by the Township to participate in the program, or fees or penalties applied by any governmental administered healthcare program, rounded to the nearest tenth of a dollar. If no Basic Plan is offered, the Employee’s contribution is the percent above listed; or
Elective Plan a. At the employee’s option, the employee may reduce medical insurance for a full year by completing an appropriate form furnished by the District. Any employee changing from family to individual coverage or waiving family or individual coverage shall receive 37% of the premium savings. These monies will be non-pensionable and are taxable.
