Common use of Health Spending Account Clause in Contracts

Health Spending Account. 20.7.1 On January 1 the Board will contribute an annual amount of $800 to a Health Spending Account for eligible full-time continuous employees covered by this agreement. Eligible employees will be continuous employees who are actively at work, on maternity leave, on paid sick leave, on extended disability or on WCB as of the first working day of the applicable calendar year. A continuous employee hired after the first working day in the calendar year, will be eligible for the Health Spending Account on the first calendar day of the month following their date of hire. The contribution on the first calendar day of the month following the date of hire will be as follows for a full time employee: Month of Hire Contribution Amount Contribution Date January $733 February 1st February $667 March 1st March $600 April 1st April $533 May 1st May $467 June 1st June $400 July 1st July $333 August 1st August $267 September 1st September $200 October 1st October $133 November 1st November $67 December 1st December $800 January 1st The Board will contribute an annual amount of $500 to a Health Spending Account for full-time term specific employees covered by this agreement. The contribution will be made on the first calendar day of the month following the date of the commencement of the employee’s term. A term specific employee will not receive additional contributions if their term is extended or the employee commences a second term in the same calendar year.

Health Spending Account. 20.7.1 On Effective January 1 of each year, the Board will contribute an annual amount of $800 750 to a Health Spending Account for eligible full-time continuous employees covered by this agreement. Eligible employees will be continuous employees who are actively at work, on maternity leave, on paid sick leave, on extended disability or on WCB as of the first working day of the applicable calendar year. A continuous employee hired after the first working day in the calendar year, will be eligible for the Health Spending Account on the first calendar day of the month following their date of hire. The contribution on the first calendar day of the month following the date of hire will be as follows for a full time employee: Month of Hire Contribution Amount Contribution Date January $733 688 February 1st February $667 625 March 1st March $600 563 April 1st April $533 500 May 1st May $467 438 June 1st June $400 375 July 1st July $333 313 August 1st August $267 250 September 1st September $200 188 October 1st October $133 125 November 1st November $67 63 December 1st December $800 750 January 1st The Board will contribute an annual amount of $500 to a Health Spending Account for full-time term specific employees covered by this agreement. The contribution will be made on the first calendar day of the month following the date of the commencement of the employee’s term. A term specific employee will not receive additional contributions if their term is extended or the employee commences a second term in the same calendar year.