Common use of Insurance Pool Clause in Contracts

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 $70.00 per FTE as of October 1 to the insurance pool, and in addition the District will contribute $395,000 595,000 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. Pooling will be over a twelve-month period, November-October.