Premium Equivalent Contribution Clause Samples

Premium Equivalent Contribution. Dental/vision insurance coverage will continue to be a separate option for employees. The City will make dental/vision coverage available at no charge if the employee has elected medical insurance for the calendar year 2017. For calendar years 2017, 2018, & 2019 a premium equivalent contribution will charged for dental/vision coverage. The premium will be waived if the employee and enrolled spouse have had one preventive care dental screening during the plan period.
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Premium Equivalent Contribution. Dental/vision insurance coverage will continue to be a separate option for employees if they do not elect medical coverage. A premium equivalent contribution will charged for dental/vision coverage. If an employee elects medical coverage, the dental/vision premium will be waived if the employee and enrolled spouse have had one preventive care dental screening during the plan period.
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Premium Equivalent Contribution. Coverage for Adult Children age 26 up to age 28. The benefits of this Plan will only be made available if paid for through an annual premium equivalent amount. Coverage of medical benefits does not include dental and vision insurance and will only be available if elected and paid for through a premium equivalent amount.
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Premium Equivalent Contribution. Beginning in 2015, there will be a premium surcharge of 15% of the premium equivalent based on coverage level of either single or family coverage for tobacco use if either the employee or covered spouse uses tobacco. In the event that the Employee and/or spouse uses tobacco, the Employee or Spouse may make a request for an alternative standard during open enrollment and the City will work with an employee (and, if they wish, the employee’s doctor) to earn the same reward by different means. If coverage is elected, a premium equivalent will be charged through a payroll deduction.
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Related to Premium Equivalent Contribution

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. 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.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Negotiated Funding Amount, Board Contributions 4.1.1 Each Board shall pay an amount equal to 1/12th of the annual negotiated funding amount as described in 4.1.3 to the Trustees of the OECTA ELHT by the last day of each month from and after the Board’s Participation Date.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.