Premium Contributions Sample Clauses

Premium Contributions i. Effective March 1, 2014, the Company and employees will contribute toward the premium costs of the NECA Health Plan for eligible Regular employees in accordance with this Section.
Premium Contributions. (a) The State shall continue to provide all the forms and extent of coverage as defined by the contracts in force on July 1, 2016 with the State’s health insurance carriers unless specifically modified by this Agreement.
Premium Contributions. Effective with the pay period that includes April 1, 2019, the monthly premium for full-time employees hired before September 1, 2017 who participate in the City’s insurance programs shall be an amount equal to fifteen percent (15%) of the funding rate established by the actuary for the City. The monthly premium for all full-time employees hired on or after September 1, 2017 who participate in the City’s insurance programs shall be an amount equal to twenty percent (20%) of the funding rate established by the actuary for the City. The funding rate established by the actuary for the City will be provided to the Union each benefit year of February 1 through January 31. The premium will be established as single and family rate. Half of the monthly premium will be deducted each pay-period not to exceed the total monthly premium. The monthly premium contribution for the HDHP/Health Savings Account design option, as set forth in Section 24.13 shall be fifty dollars ($50.00) per month less than the single rate established in the paragraph above and one hundred thirty dollars ($130.00) per month less than the family rate established in the paragraph above.
Premium Contributions. Provided that the Executive and his eligible dependents, if any, are participating in the Company’s group health, dental and vision plans (to the extent offered by the Company) on the Date of Termination and elect on a timely basis to continue that participation in some or all of the offered plans through the federal law commonly known as “COBRA,” the Company will contribute to the premium cost of that participation the same amount it contributes to the premium cost of participation for its actively employed executives and their eligible dependents in those plans, until the earliest to occur of (x) the earlier of the last date of the eighteen (18th) month after the Date of Termination and the Expiration Date, (y) the date the Executive is eligible to enroll in the health, dental and/or vision plans of another employer, and (z) the date the Executive becomes eligible for Medicare; provided, however, that such participation is dependent on the Executive and his dependents continuing to be eligible to continue participation in the Company’s offered plans through COBRA and the Executive paying, by payroll deduction or otherwise, any employee contribution toward the premium cost of such participation that is applicable to the Company’s actively employed executives generally. Notwithstanding the foregoing, if this payment arrangement would cause any of the Company’s group health, dental or vision plans to fail the non-discrimination testing required by Section 105(h) of the Code or otherwise result in any fine or penalty to the Company under applicable law, the Company may, in its sole discretion, require that the contributions made by the Executive be made on an after-tax basis and the contributions made by the Company be made on a taxable basis. The Executive agrees to notify the Company promptly if he is eligible to enroll in the plans of another employer or if he or any of his dependents ceases to be eligible to continue participation in Company plans through COBRA or when he becomes eligible for Medicare.
Premium Contributions. Each full-time teacher is eligible to receive School District contributions toward the premium for individual coverage. Teachers may elect to receive family coverage in lieu of individual coverage if they have dependents. Part-time teachers who are employed to teach at least 60% of the day shall qualify for a VEBA Plan contribution and pro rata contributions to health insurance premiums.
Premium Contributions. (A). For plan years 2021 through 2025, Oregon Tech will contribute ninety-five percent (95%) of the monthly premium contributions for the core insurance benefits, and the employee will contribute five percent (5%). Where the bargaining unit member has the opportunity to choose between at least two (2) plans issued by the employer offered insurance program(s) and the bargaining unit member enrolls in the least expensive health insurance plan available to them, the bargaining unit member’s premium shall be reduced by two percent (2%).
Premium Contributions. 1. Each employee (except employees whose spouses are also eligible for coverage) may elect to refuse participation in the Employer’s Health Insurance Program and may provide for his/her own health insurance. The employer will place $50 in a trust account each month that the employee is eligible but does not elect coverage. The employee will receive the funds so accumulated by December 15 of each year or upon termination. An employee may elect to resume coverage the first of the month next following a qualifying event.
Premium Contributions. (a) For Teachers selecting the Core Plan, the Board will pay 80% of Core Plan premiums for the selected enrollment tier (i.e., single, employee/spouse, employee/children, or family), and the participating teacher will pay 20%.