"Potential Optional Benefit" Contribution Sample Clauses

"Potential Optional Benefit" Contribution. If there remains additional money in the aggregate insurance pool as calculated in Section 8.06.B., the District shall make premium contributions for optional benefits for eligible employees in the October 2015 through August 2016 payrolls. "Optional Benefit" means the District approved insurance program (namely, Voluntary Employee Benefit Association [VEBA] Trust) which is not a basic benefit program as described in Section 8.05, above. The District's contributions for optional benefits, based on the same contribution ratio among eligible employees as is reflected in Section 8.04, above, will be designed to utilize, in combination with the District's basic benefits contributions, the total insurance pool as defined in Section 8.06.B., above. Payroll deductions will be made for insurance premiums not covered by District contributions. No District contributions for optional benefits will be made during 2015-16 except as may result from the operation of this section. (Reference attached Basic Benefit/VEBA Memorandum of Understanding.) 8.07 2016-17 and 2017-18 2016-17 and 2017-18: For the 2016-17 and 2017-18 school years, the concept and methodology set forth for 2015-16 will be utilized based on a District contribution equal to the State Health Care Authority’s benefit allocation less the appropriate retiree benefit allocation (carveout). In the event of a change in the State support figure per month, the District's monthly contribution will be changed accordingly. Additionally, for the 2016-17 and 2017-18 school years, the District agrees to fund the medical, dental, and vision benefits in the same manner as is agreed to between the District and the Bellingham Education Association. The District and the Teamsters may mutually agree to adjust the menu of available plans or other details of the insurance program. To maintain compliance with legal mandates for health benefits, the parties will reopen for the medical portion of Health and Welfare for each year of this agreement for the implementation of state-required changes, if appropriate.
Sample 1
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Related to "Potential Optional Benefit" Contribution

  • Optional Benefits Optional Group Life Insurance This plan is available on an optional, employee-pay-all basis and you may apply to purchase additional group life insurance coverage for you and/or your spouse. Coverage is available from a minimum of $10,000 to a maximum of $300,000 in increments of $10,000.

  • Retirement Contribution The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications. Corrections Firearms Instructor Oil & Hazardous Material Responder I Oil & Hazardous Material Responder II

  • Employer Compensation Upon Separation An Employee, upon her separation from employment, shall compensate the Employer for vacation which was taken but to which she was not entitled.

  • Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Amount of Employer Contribution The Employer Contribution amounts and rules in effect on June 30, 2017 will continue through December 31, 2017.

  • Special Parental Allowance for Totally Disabled Employees (a) An employee who:

  • Deferred Compensation Program ‌ Unit members shall continue to be eligible to join the County’s Deferred Compensation Plan. Said employees will be bound by the same Plan, rules and participation agreements as are generally applicable to other County employees. DSA acknowledges that County retains the right to alter, amend, or repeal the current plan, rules, and participation agreements, at any time. The County shall not charge an administrative fee to participating employees.

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