Common use of Group Medical Plan Clause in Contracts

Group Medical Plan. The Employer will pay the lesser of ninety-five (95%) of the full monthly rate for a full-time employee’s coverage under the Employer’s group medical plan as established by the actuary or an amount equal to one hundred five percent (105%) of the monthly rate from the prior year. In no event shall the Board’s contribution be more than ninety-five (95%) of the single rate. For a part-time Employee who is employed to work one-half time but less than full-time, the Employer will pay a portion of the monthly rate for the Employee’s single rate under such plan, based on a percentage of time employed. The amount of time for computation of the Employer’s portion of the rate shall not include any compensation for performing extra assignments as covered in 15.5, 15.6, 15.7, 15.8, 15.9, 15.10, 15.11 and Schedules B and C. The portion, if any, of the single rate of an eligible part-time Employee not paid by the Employer’s contribution, shall be paid by payroll deduction. If the balance in the Trust fund is less than six (6) months of annual spending at any time during a fiscal year, the Insurance Committee shall, by May 1, make changes to the Plan effective at the beginning of the next fiscal year to change benefits or employee payments (co-pays, deductibles, etc.) sufficient to ensure the Trust Fund balance is at or above the six (6) month level by the end of the next fiscal year. If the Insurance Committee’s changes do not keep the Trust Fund balance at or above the six (6) month level by the end of the next fiscal year, each participating employee will pay five percent (5%) of the full monthly rate for a full-time employee’s coverage during the following fiscal year.

Group Medical Plan. ‌ The Employer will pay the lesser of ninety-five (95%) of the full monthly rate for a full-time employee’s coverage under the Employer’s group medical plan as established by the actuary or an amount equal to one hundred five percent (105%) of the monthly rate from the prior year. In no event shall the Board’s contribution be more than ninety-five (95%) of the single rate. For a part-time Employee who is employed to work one-half time but less than full-time, the Employer will pay a portion of the monthly rate for the Employee’s single rate under such plan, based on a percentage of time employed. The amount of time for computation of the Employer’s portion of the rate shall not include any compensation for performing extra assignments as covered in 15.5, 15.6, 15.7, 15.8, 15.9, 15.10, 15.11 and Schedules B and C. The portion, if any, of the single rate of an eligible part-time Employee not paid by the Employer’s contribution, shall be paid by payroll deduction. If the balance in the Trust fund is less than six (6) months of annual spending at any time during a fiscal year, the Insurance Committee shall, by May 1, make changes to the Plan effective at the beginning of the next fiscal year to change benefits or employee payments (co-pays, deductibles, etc.) sufficient to ensure the Trust Fund balance is at or above the six (6) month level by the end of the next fiscal year. If the Insurance Committee’s changes do not keep the Trust Fund balance at or above the six (6) month level by the end of the next fiscal year, each participating employee will pay five percent (5%) of the full monthly rate for a full-time employee’s coverage during the following fiscal year.

Group Medical Plan. The Employer will pay the lesser of ninety-five (95%) of the full monthly rate for a full-time full‑time employee’s coverage under the Employer’s group medical plan as established by the actuary or an amount equal to one hundred five percent (105%) of the monthly rate from the prior year. In no event Board--BEA Agreement - 41 – shall the Board’s contribution be more than ninety-five (95%) of the single rate. For a part-time part‑time Employee who is employed to work one-half one‑half time but less than full-timefull‑time, the Employer will pay a portion of the monthly rate for the Employee’s single rate under such plan, based on a percentage of time employed. The amount of time for computation of the Employer’s portion of the rate shall not include any compensation for performing extra assignments as covered in 15.5, 15.6, 15.7, 15.8, 15.9, 15.10, 15.11 and Schedules B and C. The portion, if any, of the single rate of an eligible part-time Employee not paid by the Employer’s contribution, shall be paid by payroll deduction. If the balance in the Trust fund is less than six (6) months of annual spending at any time during a fiscal year, the Insurance Committee shall, by May 1, make changes to the Plan effective at the beginning of the next fiscal year to change benefits or employee payments (co-pays, deductibles, etc.) sufficient to ensure the Trust Fund balance is at or above the six (6) month level by the end of the next fiscal year. If the Insurance Committee’s changes do not keep the Trust Fund balance at or above the six (6) month level by the end of the next fiscal year, each participating employee will pay five percent (5%) of the full monthly rate for a full-time employee’s coverage during the following fiscal year.