Common use of Time Employee Medical Premium Computation and Subsidy Clause in Contracts

Time Employee Medical Premium Computation and Subsidy. This Letter of Agreement is entered into between the State of Oregon, acting through its Department of Administrative Services, Labor Relations Unit (Employer), on behalf of the State agencies under the jurisdiction of the SEIU Local 503, OPEU (Union). The purpose of this Letter is to clarify the employer’s obligation for medical premium payments for employees working less than full-time. For Plan Years 2016 and 2017, the Employer will pay ninety-five percent (95%) and the employee will pay five percent (5%) of the monthly premium rate as determined by PEBB. For employees who enroll in a medical plan that is at least ten percent (10%) lower in cost than the monthly premium rate for the highest cost medical plan available to the majority of employees, the Employer shall pay ninety-nine percent (99%) of the monthly premium for PEBB health, vision, dental and basic life insurance benefits and the employee shall pay the remaining one percent (1%). For less than full-time employees who have at least eighty (80) paid regular hours in the month, the Employer will pay a monthly benefit insurance premium amount of the plan selected by the employee calculated per Article 31, Section 3 as follows:

Time Employee Medical Premium Computation and Subsidy. This Letter of Agreement is entered into between the State of Oregon, acting through its Department of Administrative Services, Labor Relations Unit (Employer), on behalf of the State agencies under the jurisdiction of the SEIU Local 503, OPEU (Union). The purpose of this Letter is to clarify the employer’s obligation for medical premium payments for employees working less than full-time. For Plan Years 2016 2021, 2022 and 20172023, the Employer will pay ninety-five percent (95%) and the employee will pay five percent (5%) of the monthly premium rate as determined by PEBB. For employees who enroll in a medical plan that is at least ten percent (10%) lower in cost than the monthly premium rate for the highest cost medical plan available to the majority of employees, the Employer shall pay ninety-nine percent (99%) of the monthly premium for PEBB health, vision, dental and basic life insurance benefits and the employee shall pay the remaining one percent (1%). For less than full-time employees who have at least eighty (80) paid regular hours in the month, the Employer will pay a monthly benefit insurance premium amount of the plan selected by the employee calculated per Article 31, Section 3 as follows:

Time Employee Medical Premium Computation and Subsidy. ‌ This Letter of Agreement is entered into between the State of Oregon, acting through its Department of Administrative Services, Labor Relations Unit (Employer), on behalf of the State agencies under the jurisdiction of the SEIU Local 503, OPEU (Union). The purpose of this Letter is to clarify the employer’s obligation for medical premium payments for employees working less than full-time. For Plan Years 2016 2019, 2020 and 20172021, the Employer will pay ninety-five percent (95%) and the employee will pay five percent (5%) of the monthly premium rate as determined by PEBB. For employees who enroll in a medical plan that is at least ten percent (10%) lower in cost than the monthly premium rate for the highest cost medical plan available to the majority of employees, the Employer shall pay ninety-nine percent (99%) of the monthly premium for PEBB health, vision, dental and basic life insurance benefits and the employee shall pay the remaining one percent (1%). For less than full-time employees who have at least eighty (80) paid regular hours in the month, the Employer will pay a monthly benefit insurance premium amount of the plan selected by the employee calculated per Article 31, Section 3 as follows: