INSURANCE PENSION. SECTION 1. The City will continue, during the life of this Agreement, at its expense, except for the premium sharing contribution as set forth below, to provide a medical and life insurance program for Employees and their dependents, including the dental, eyeglass and prescription drug coverage. The City’s plan will include benefits, as described in the Schedule of Benefits included in the City’s Employee Benefits Guide, attached as Appendix “A”, provided, however that the City will continue to offer a PPO, and will continue to provide mail order prescription coverage, during the term of this Agreement. Effective January 1, 2012, the employee’s contribution toward the health insurance premium shall be fifteen percent (15%) of the annual premium cost of the insurance plan (family or single) the employee chooses. This contribution shall be paid in twenty-four (24) equal installments as a deduction in the employee’s biweekly paycheck. During the term of this Agreement, any increase in the annual employee premium share shall not exceed an additional eight-hundred fifty dollars and no cents ($850.00) in any one calendar year over the previous year’s premium share. The City shall be able to change insurance carriers or self-insure, provided the benefits are comparable to existing benefits. In event there is a financial need or comparable plans are not available the City and Union agree to a re-opener one time during the term of this Agreement for the purposes of establishing the employee share of the health insurance premium in accordance with ORC 4117 and potential changes in coverage agreeable by both parties.
INSURANCE PENSION. 23.01 The present Group Insurance Plan underwritten and administered by an insurance company will continue subject to the terms and provisions of the underwriter and the eligibility requirements therein with coverage as follows: FOR EMPLOYEES WITH SENIORITY AND THEIR DEPENDENTS Daily Hospital Benefit Semi-Private coverage at no premium cost to the employee. Major Medical Expense Benefit The Company will provide employees and dependents with Extended Health Care (EHC) group coverage at no premium cost and no deductible to the employees. Effective for purchases on or after January 1, 2011, vision care benefit is as follows: Effective Date Vision Care Benefit Amount January 1, 2011 $310 January 1, 2012 $320 January 1, 2013 $330 January 1, 2014 $340 January 1, 2015 $350 Prescription Drugs Effective January 1, 2011 the drug plan will cover 100% of prescription drug costs up to $6,000.00 per benefit year, per family: and 50% of prescription drug costs that are in excess of $6,000.00 but do not exceed $8,000.00 per benefit year, per family, subject in all cases to a ($9.00 ) dispensing fee cap. Effective January 1, 2013, the drug plan will cover 100% of prescription drug costs up to $8,000.00 per benefit year, per family: and 50% of prescription drug costs that are in excess of $8,000.00 but do not exceed $10,000.00 per benefit year, per family, subject in all cases to a $9.00 dispensing fee cap.
INSURANCE PENSION. Section 11.0 The Employer shall provide and pay for the following insurance for all employees:
INSURANCE PENSION. 7.1 The Company shall at its expense conclude an accident insurance on behalf of Xx. Xxxxxxx Xxxxxxxx and for the duration of this Executive Service Agreement based on the following insurance amounts: Death 1 year’s salary Disability 3 years’ salary Recuperation 6 month’s salary Annual salary in the sense of this Clause 7 above shall be understood to include an amount equal to the average bonus claim over the preceding three business years in accordance with clause 6. One month’s salary within the meaning of this Clause 7 shall be understood to be one-twelfth of the annual salary. The insurance amounts shall be adjusted accordingly in July of each year.
INSURANCE PENSION. Section 1. The Town shall provide and pay eighty-five percent (85%) of the premiums based on allocated rates for the following coverage, or comparable coverage, for all regular full-time employees and their dependents. Effective upon ratification, the Town shall provide and pay eighty-four and one-half percent (84.5%) of the premiums based on allocated rates for the following coverage, or comparable coverage, for all regular full-time employees and their dependents. Effective July 1, 2012, the Town shall provide and pay eighty-four (84%) of the premiums based on allocated rates for the following coverage, or comparable coverage, for all regular full-time employees and their dependents: Effective July 1, 2013, the Town shall provide and pay eighty-three and one-half (83.5%) of the premiums based on allocated rates for the following coverage, or comparable coverage, for all regular full-time employees and their dependents: .
INSURANCE PENSION. 23.01 The present Group Insurance Plan underwritten and administered by an insurance company will continue subject to the terms and provisions of the underwriter and the eligibility requirements therein with coverage as follows: FOR EMPLOYEES WITH SENIORITY AND THEIR DEPENDENTS Daily Hospital Benefit Semi-Private coverage at no premium cost to the employee. Major Medical Expense Benefit The Company will provide employees and dependents with Extended Health Care (EHC) group coverage at no premium cost and no deductible to the employees. Effective for purchases after November 30, 2009 vision care benefit increases from two hundred dollars ($200) in any 24 month period to a maximum of three hundred dollars ($300.00) in any 24- month period. Prescription Drugs Effective January 1, 2010 there will be an increase from a maximum for prescription drugs of four thousand dollar ($4000.00) per benefit year, per family and a seven dollar ($7.00) dispensing fee cap to a maximum for prescription drugs of six thousand ($6,000.00) per benefit year, per family and a seven ($7.00) dispensing fee cap. Effective January 1, 2010, the drug plan will cover fifty percent (50%) of prescription drug costs that are in excess of six thousand ($6,000.00) but do not exceed eight thousand ($8,000) per benefit year, per family, subject in all cases to a seven dollar ($7.00) dispensing fee cap.
INSURANCE PENSION
