- Full-time Employee Benefits. Subd. 1. Group Medical Plan and HRA/VEBA
- Full-time Employee Benefits. Full time non-teaching employees shall be included in the total fringe benefits package of health insurance, major medical insurance, dental insurance, optical insurance, and life insurance. Full time employees are those employees working more than twenty (20) hours per week.
- Full-time Employee Benefits. 17.1 Payment of Premiums The Employer shall pay the cost of the premium for benefits for the full time em- ployees, with the exception of the Long Term Disability Plan (L.T.D.). Employees will pay 100% of the cost of the premium for the L.T.D. benefit plan. The policy docu- ments with the Insurance Carriers shall govern the benefit entitlements. All decisions regarding benefit eligibility shall remain with the Insurance Carrier. Participation in the benefit plan is available on the first of the month following or coincident with the completion of three months of continuous service.
- Full-time Employee Benefits. A. There shall be an established Defined Retirement Plan which shall be jointly administered by the Company and the Union which shall provide a benefit on the same basis as the Duke Power pension plan (as was in effect on January 19, 1991). Participation in the plan shall be mandatory for full time employees. The plan shall be established by and funded entirely by the Company. Employees hired after January 19, 1991 shall become eligible to participate in the plan after completion of the Probationary period.
- Full-time Employee Benefits. Group Life Insurance Class B-one times annual earnings all amounts of insurance are rounded up to the next higher $1,000 amount benefit ceases at retirement maximum issue limit $300,000 Accidental Death & Dismemberment benefit The principal amount is equal to the amount of Group Life Insurance. W eekly Indemnity benefit (Short Term disability) Benefits are based on 66.7% of weekly earnings rounded to the next higher $1, if not already a multiple thereof, with a maximum benefit equal to the greater of $413 or Employment Insurance Maximum benefit amount. Benefits commence on the 1st day in the event of accident, 4th day in the event of sickness, 1st day if hospitalised due to sickness and are payable for 52 weeks. Benefits commence following the Qualifying Period and will continue up to the date Employment Insurance Sickness (E.I.) benefits would normally commence. No benefits are payable during the 15 week period that E.I. benefits are normally payable. Following this period, if you continue to be disabled, benefits will recommence and be payable up to the Maximum Benefit Period. The Maximum Benefit Period includes the 15 week period during which E.I. benefits are normally payable. claim payments received are taxable benefits benefits cease at age 70, or retirement, whichever is earlier Long Term disability Benefits are based on 66.7% of monthly earnings rounded to the next higher $1, if not already a multiple thereof, up to a maximum benefit of $1,500. Benefits commence on the 366th day in the event of accident or sickness and are payable to age 65. claim payments received are taxable benefits benefits cease at the earlier of retirement or age 65. Coverage for active employees ceases at age 65 less the elimination period.
- Full-time Employee Benefits
