Fringe Benefit Program. Subject to such restrictions as the carrier may apply, a teacher who is on leave may remain an active participant in District fringe benefit programs at his/her own expense.
Fringe Benefit Program. The Board shall continue to provide a ten thousand dollar ($10,000) life insurance policy for each full time member of the Bargaining Unit and shall continue to pay the cost of administering Section 125 of the IRS Code.
Fringe Benefit Program. The fringe benefit program for each full-time certificated Children's Center staff member shall be the same amount as that for all other bargaining unit members. Teachers who serve less than full-time but half-time or more shall receive a proration per month equal to their full time equivalent position.
Fringe Benefit Program. Members may choose whether or not to enroll in an Oklahoma State and Education Employees Group Insurance Board (OSEEGIB) health plan. Members electing to enroll shall have 100% of the Health Choice High option single premium paid and the flexible benefit shall be credited to their 125 plan. Members not choosing to enroll will receive taxable compensation in lieu of the flexible benefit in the amount of $69.71 per month ($836.52 annually). Members may direct compensation to programs available in the 125 Plans. Programs available through the IRS 125 Plan shall include but not be limited to: OSEEGIB health plans Dental insurance Vision insurance Group term life insurance premiums Disability insurance premiums Cancer & Dread Disease insurance premiums Health Savings Accounts Childcare If a Member, who has major medical coverage (whether individual or family), does not choose to participate in the 125 Plan, said Member shall contribute, through payroll deduction the additional premium. Members may increase coverage as provided in the plan adopted. If the selected plan permits, the Board and the Association further agree that a Member may continue his/her Fringe Benefit Program during an approved leave of absence, provided the Member makes full premium payments. Such payments shall be paid to the Board of Education which, in turn, makes payments to the carriers(s). The Board shall also provide a ten thousand dollar ($10,000) life insurance policy for each Member and shall pay the cost of administering Section 125 of the IRS Code. (2001, 2002, 2003, 2004, 2013)
Fringe Benefit Program. For all additional unpaid leave, the teacher may pay the premium for said health insurance as per Section Eight of this Article.
Fringe Benefit Program. SECTION ONE -
Fringe Benefit Program. In addition to the other benefits provided to the Employee hereunder, and to the extent permitted by law, participation in any fringe benefit program introduced generally to employees of the Company, including, without limitation, pension, profit sharing, stock purchase, savings, bonus, disability, life insurance, health insurance, hospitalization, dental, deferred compensation, and other plans and policies authorized on the date hereof or in the future.
Fringe Benefit Program. The Board shall establish a fringe benefit program to comply with Section 125 of the Internal Revenue Code. The Board shall provide the opportunity for each employee to execute a salary reduction agreement once annually to cover all premiums for the employee’s selected benefits. Once the annual allocation for each selected benefit is made, no change will be allowed except to address fluctuations in health care premiums and qualifying events such as death of spouse, divorce, birth or adoption of a child.
