Employee and Retiree Deductions for Premium Contributions Sample Clauses

Employee and Retiree Deductions for Premium Contributions. The Union will inform the City of the premium contributions for each type of insurance and type of coverage by December 16 for the following plan year. The City will deduct an active firefighter employee’s health insurance premium contribution from the employee’s pay as a payroll deduction. The amounts deducted from all active firefighter employees in the Fund plan will be remitted to the Union for purposes of paying for the Fund plan. The City will deduct a firefighter retiree’s health insurance premium contribution from the retiree’s pension payment. The amounts deducted from all retirees in the Fund plan will be remitted to the Union for purposes of paying for the Fund plan. The amounts deducted by the City that are to be remitted to the Union will be remitted monthly on or before the last business day of each month for the prior month pay period ending date that falls within the month. For example, premium contributions deducted by the City for all pay periods with an ending date in January shall be remitted to the Union on or before the last day of February.
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Related to Employee and Retiree Deductions for Premium Contributions

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