Premium Share. Full-time eligible bargaining unit members’ contributions toward the premium cost Medical, Prescription Drug, Vision, and Dental insurances shall be in the amount equal to 10% of the of premium from the base plan (A1). Current employees hired during or before the 2016-17 school year who work 35 hours per week may receive the 4th (bronze) plan single at no cost. Also, employees with at least 30 hours but less than 35 hours can receive the 4th (bronze) plan single at a cost equal to 9.2% of gross monthly wages. The Board shall provide to the extent available under the internal revenue code and regulations a flexible spending account (section 125 plan) for the payment of unit members insurance premium contributions on a pretax basis, and other contributions agreed to by the Board and the Association.
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement