Common use of Insurance Contribution Clause in Contracts

Insurance Contribution. The Board of Education will contribute a maximum yearly amount towards the cost of individual employee coverage in a group health and term life insurance plan selected by the Board of Education defined as follows. a. For the 2022-2023 school year the Board will contribute up to an increase of 7% from the previous year to the individual group health insurance premium for employee only coverage and 100% of the cost of the group term life insurance plan premium for eligible employees. b. For the 2023-2024 school year the Board will contribute up to an increase of 7% from the previous year to the individual group health insurance premium for employee only coverage and 100% of the cost of the group term life insurance plan premium for eligible employees. c. For the 2024-2025 school year the Board will contribute up to an increase of 7% from the previous year to the individual group health insurance premium for employee only coverage and 100% of the cost of the group term life insurance plan premium for eligible employees. d. The Board of Education will also contribute a maximum yearly amount of $1,000 towards the cost of employee/family coverage, $500 towards employee/spouse coverage, and $400 towards employee/child(ren) coverage. Health and life insurance premium contribution is provided to part time teachers employed 20 hours or more weekly. e. The district’s contribution for a tenured certified teacher, whose employment was terminated as a result of a RIF or whose assignment was reduced to less than 20 hours per week, shall continue for three months past the last date of employment (RIF), or three months past the last employment date for which the individual was qualified to receive the district’s contribution (reduced hours).

Insurance Contribution. The Board of Education will contribute a maximum yearly amount towards the cost of individual employee coverage in a group health and term life insurance plan selected by the Board of Education defined as follows. a. For the 20222020-2023 2021 school year the Board will contribute up to an increase of 7% from the previous year to the 2019-2020 individual group health insurance premium for employee only coverage and 100% of the cost of the group term life insurance plan premium for eligible employees. b. For the 20232021-2024 2022 school year the Board will contribute up to an increase of 7% from the previous year to the individual group health insurance premium for employee only coverage and 100% of the cost of the group term life insurance plan premium for eligible employees. c. For the 20242022-2025 2023 school year the Board will contribute up to an increase of 7% from the previous year to the individual group health insurance premium for employee only coverage and 100% of the cost of the group term life insurance plan premium for eligible employees. d. The Board of Education will also contribute a maximum yearly amount of $1,000 towards the cost of employee/family coverage, $500 towards employee/spouse coverage, and $400 towards employee/child(ren) coverage. Health and life insurance premium contribution is provided to part time teachers employed 20 hours or more weekly. e. The district’s contribution for a tenured certified teacher, whose employment was terminated as a result of a RIF or whose assignment was reduced to less than 20 hours per week, shall continue for three months past the last date of employment (RIF), or three months past the last employment date for which the individual was qualified to receive the district’s contribution (reduced hours).