Insurance Pool. Any amount of an employee's insurance allocation that is not used by the individual employee shall be allocated to the UPOP insurance pool. Beginning with the November 30 paycheck, the District shall estimate the anticipated amount the insurance pool will generate for the fiscal year divided by the number of months remaining in the fiscal year. The amount shall be allocated equally to each FTE employee up to the cost of his/her insurance program and shall be divided among employees working less than a full time equivalent based upon their percentage of employment. The District reserves the right to recalculate the allocation of the insurance pool contributions throughout the year to avoid exceeding the maximum amount allocated and appropriated by the State for the District insurance benefits payable to employees. However, the District agrees that all funds in the pool shall be expended on employee insurance plans within two (2) percent. The District will report to the Association by December 31 and May 31 of each year.
Insurance Pool. 30 Each employee will receive insurance premium assistance from the District at the rate of $180 for 31 each month (September to August) per FTE (1 FTE = 7 hours) covered by the term of the 32 Agreement.
Insurance Pool. The amount of the District contribution will be considered as a pooled amount so that monies not spent by one person may be spent by another. The dollar cap will be the maximum contribution by the District. The Union shall direct disbursements from the Insurance Pool, with the stipulation that payroll deadlines are met.
Insurance Pool. The parties agree that an Association controlled insurance pool shall be created utilizing the unspent funds allocated to employees who “opt out” of District insurance coverage and any remaining funds based on a tiered rate, and any savings incurred by the HRA Preferred Plan.
Insurance Pool. 8 Any amount of an employee’s insurance allocation that is not used by the 9 individual employee shall be allocated to an insurance pool. The new pool 10 amount shall be allocated based on each employee’s FTE up to the cost of his/her 11 insurance program. Recalculating the allocation of the insurance pool 12 contributions may occur at various points throughout the year for the purpose of 13 accommodating new hires and changes in coverage as applied for by employees. 14
Insurance Pool. Any amount of an employee's insurance allocation that is not used by the individual employee shall be allocated to an insurance pool. Beginning with the end of the monthly paycheck in November, the District shall estimate the anticipated amount the insurance pool will generate. One hundred percent (100%) of the estimated amount shall be allocated to employees whose individual allocation was not sufficient to pay his/her full insurance package requested under Paragraph 36.1. The amount shall be allocated equally to each FTE employee up to the cost of his/her insurance program and shall be divided among employees working less than a full time equivalent based upon their percentage of employment. The District reserves the right to recalculate the allocation of the insurance pool contributions throughout the year to avoid exceeding the maximum amounts allocated and appropriated by the State for the District insurance benefits payable to employees.
Insurance Pool. Any amount of an employee's insurance allocation that is not used by the individual employee shall be allocated to an insurance pool. Beginning with the end of the monthly paycheck in September, the District shall estimate the anticipated amount the insurance pool will generate for the fiscal year divided by the number of months remaining in the fiscal year. The amount shall be allocated equally to each FTE employee up to the cost of his/her insurance program and shall be divided among employees working less than full-time equivalent based upon their employment hours as determined in Section 18.1.1. The District reserves the right to recalculate the allocation of the insurance pool contribution throughout the year.
Insurance Pool. The District will contribute $70.00 per FTE as of October 1 to the insurance pool, and in addition the District will contribute $395,000 annually. Of that amount, each year $5,000 will be set aside to be used by employees who have a change in family status after pooling, on a first come, first served basis (written request). After each employee has made his/her selection of benefits under the program provided herein, remaining funds in the pool shall be available for equal distribution to cover employees requested coverages which exceed the monthly state allocation in cost.
Insurance Pool. The District will contribute $100.00 per FTE as of October 1 to the insurance pool, and in addition the District will contribute $650,000 annually. Tier 3 Days not utilized from the 2014- 2015 school year will be placed in the 2015-2016 insurance pool for one year only. Of that amount, each year $5,000 will be set aside to be used by employees who have a change in family status after pooling, on a first come, first served basis (written request). After each employee has made his/her selection of benefits under the program provided herein, remaining funds in the pool shall be available for equal distribution to cover employees requested coverages which exceed the monthly state allocation in cost. Pooling will be over a twelve-month period, November-October.
Insurance Pool. Any amount of an employee's insurance allocation that is not used by the individual employee shall be allocated to an insurance pool. The previous fiscal year's pooling will remain in effect until after open enrollment is concluded in October and the new pool is established. The new pool shall be established after the October paycheck. The amount shall be allocated equally to each FTE employee up to the cost of his/her insurance program and shall be divided among employees working less than a full time equivalent based upon their percentage of employment. The District reserves the right to recalculate the allocation of the insurance pool contributions throughout the year to avoid exceeding the maximum amount allocated and appropriated by the State for the District insurance benefits payable to employees.
