Employer and Employee Contributions. A. Types and allocation of Contributions
Employer and Employee Contributions. A. Types of Contributions 1. Employer Discretionary Contributions [] Not provided. [] An amount fixed by appropriate action of the Employer. [] ________________% of Compensation of Participants for the Plan Year (not to exceed 15%). Employer Discretionary Contributions [] shall; [] shall not be integrated with Social Security. a. [] The Permitted Disparity Percentage shall be _________________%. b. [] The Permitted Disparity Percentage shall be determined annually by appropriate action of the Employer. c. [] The Integration Level shall be: [] The Taxable Wage Base [] $__________________ (a dollar amount less than the Taxable Wage Base). [] ________________% (not to exceed 100%) of the Taxable Wage Base. Note: If a Plan Year has fewer than twelve (12) months and Compensation is limited to compensation paid during the Plan Year, the Integration Level shall be prorated in accordance with IRS Regulation Section 1.401(1)-2(d)(5). The Permitted Disparity Percentage cannot exceed the lesser of: (i) the rate at which Employer contributions are allocated to the account of Employees with respect to the Compensation of Employees at or below the integration level (expressed as a percentage of Compensation), or (ii) the greater of 5.7% or the tax rate under section 3111(a) of the Code attributable to the old age insurance portion of the Old Age, Survivors and Disability Income provisions of the Social Security Act (as in effect on the first day of the Plan Year). If the Integration Level selected above is other than the Taxable Wage Base ("TWB"), the 5.7% factor in the preceding sentence must be replaced by the applicable percentage determined from the following table. If the Integration Level is: more than but not more than The Applicable Factor is $0 X* 5.7% X* 80% of TWB 4.3% 80% of TWB Y** 5.4% *X = the greater of $10,000 or 20% of TWB **Y = any amount more than 80% of TWB, but less than 100% of TWB
Employer and Employee Contributions. (a) The Employer will contribute on behalf of each employee 7.51% of annual earnings and the employee will contribute three percent (3%) of annual earnings to a Registered Retirement Savings Plan. In addition, each will make their contributions to the Canada Pension Plan. All contributions belong to the employees from the first (1st) day of employment.
Employer and Employee Contributions. 11.2.1.1 The District shall contribute seventy percent (70%) of the full cost of health insurance premiums for each tier of each plan. The employee shall contribute the remaining thirty percent (30%). (2018-19)
Employer and Employee Contributions. The Employer’s share of the contribution to the trust for all eligible employees electing to participate in the program shall equal % of the designated cost under the plan for individual health coverage, % of the designated cost under the plan for family health coverage, and % of the designated cost under the plan for individual dental coverage, and % of the designated cost under the plan for family dental coverage. The Employee’s share of the contribution to the trust shall equal % of the designated cost under the plan for individual health coverage, % of the designated cost under the plan for family health coverage, and % of the designated cost under the plan for individual dental coverage, and % of the designated cost under the plan for family dental coverage. If there is any distinction in the allocation of Employer and Employee contributions among eligible employees electing to participate in the program, please explain the distinction in detail on the back of this page of this agreement. Contributions made to the Trust shall be available to pay benefits to all eligible and participating employees of all Employers electing by agreement to participate in the Trust. The designated cost under the Trust for available coverage shall be subject to change from time to time determined by the Board of Trustees thereof. The Employer hereby designates the Association as its agent for all Trust purposes. The Association with the consent of the Board of Trustees of the Trust, reserves the right from time to time to amend the terms and provisions of the Trust, to change the coverage options and costs available under the Trust, and to terminate the Trust. The employer shall be permitted to discontinue or revoke its participation in the Trust by 30 days written notice to the Board of Trustees of the Trust. The Employer is required to continuously meet the Trust minimum participation requirements. In no event shall any portion of the corpus or income of the Trust be used for or diverted for purposes other than providing health, dental, and life insurance benefits to employees of the Employer or other participating employers from time to time participating in the Trust. The Board of Trustees of the trust shall have the authority to make any and all necessary rules or regulations, binding on the Employers and Employees, to effectuate the purpose of the Trust. The Employer hereby acknowledges that it is liable for continued contributions to the Trust for so long as this ...
Employer and Employee Contributions. A. The Municipality’s contribution for 2021 to each employee’s monthly health-care premium will remain two thousand five hundred and ninety dollars ($2,590.00) to the health care trust joined by the Association.
Employer and Employee Contributions. During the term of this Agreement all Employer employees covered by the Trust shall be treated equally for cost share purposes. Upon commencement of Open Enrollment each fall and no later than the end of the first week in November, the Employer will distribute to each employee a listing for the next year of the employee bi-weekly contribution amounts based on the level of coverage. If during the calendar year the Trust increases or decreases contribution rates the Employer will distribute a revised listing of employee bi-weekly contribution amounts based on level of coverage.
Employer and Employee Contributions. Health Care Health Care contributions are pursuant to the Letter of Agreement, which is attached to this Collective Bargaining Agreement. If any other employee group, excluding elected officials, receives a greater contribution from the Employer, the employees represented by this exclusive representative will also be entitled to the same contribution from the Employer as such other group.
Employer and Employee Contributions. A. January 1, 2018, the Association shall have the right to direct the Municipality’s contribution of two thousand one hundred ninety-two dollars ($2192.00) to a health care trust established or joined by the Association.
Employer and Employee Contributions. The required employee contributions for full-time and part-time employees who qualify for health care benefits in effect as of the date of this agreement shall continue as amended and adopted by the trustees. Effective with the start of the weekly payroll period correlating with January 1st of each year, the following rates will be deducted by payroll for enrolled employees. Calendar Year 2023 (Same as 2022) PLAN A PLAN B Full Time / 49 Months in Plan at Ratification / Hired Before 8.30.12 With Health Screening Without Health Screening With Health Screening Without Health Screening Employee Only $13.50 $17.55 $10.00 $13.00 Employee + Spouse $27.50 $35.75 $22.50 $29.25 Employee + Child(ren) $22.50 $29.25 $17.50 $22.75 Employee + Family $30.00 $39.00 $25.00 $32.50 Full Time / 49 Months in Plan at Ratification / Hired On or After 8.30.12 With Health Screening Without Health Screening With Health Screening Without Health Screening Employee Only $13.50 $17.55 $10.00 $13.00 Employee + Spouse $37.50 $48.75 $32.50 $42.25 Employee + Child(ren) $32.50 $42.25 $27.50 $35.75 Employee + Family $40.00 $52.00 $35.00 $45.50 Calendar Year 2023 (Same as 2022) PLAN A PLAN B Non-Grandfathered Groups: Includes FT with less than 49 months in plan as of ratification /All PT / All New Hires With Health Screening Without Health Screening Employee Only $18.50 $24.05 With Health Screening Without Health Screening Employee + Spouse $65.00 $84.50 $15.00 $19.50 Employee + Child(ren) *Full Time $40.00 $52.00 $55.00 $71.50 Employee + Family $80.00 $104.00 $32.50 $42.25 Employee + Child(ren) *Part Time N/A N/A $67.50 $87.75 Ancillary $5.00 $5.00 $50.00 $65.00 Monthly Spousal Surcharge $250 $250 Calendar Year 2024 PLAN A PLAN B FT with 49+ Months In Plan (All Dates of Hire) With health screening Without Health Screening With health screening Without Health Screening Employee $15.50 $21.70 $12.00 $16.80 Employee + Spouse $31.50 $44.10 $26.50 $37.10 Employee + Child(ren) $26.50 $37.10 $21.50 $30.10 Employee + Family $36.00 $50.40 $31.00 $43.40 Ancillary Only $6.00 $6.00 Monthly Spousal Surcharge $250.00 $250.00 FT with Less than 49 Months In Plan / All PT /All New Hires With health screening Without Health Screening With health screening Without Health Screening Employee $18.50 $25.90 $15.00 $21.00 Employee + Spouse $65.00 $91.00 $55.00 $77.00 Employee + Child(ren) $40.00 $56.00 $32.50 $45.50 Employee + Family $80.00 $112.00 $67.50 $94.50 Ancillary Only $6.00 $6.00 Monthly Spousal Surcharge $...
