Common use of WELFARE TRUST FUND Clause in Contracts

WELFARE TRUST FUND. 14.4.1 The Association shall create a trust fund pursuant to the rules of the Department of Labor and the laws of the State of New York and upon presentation by the Association to the district of documentation demonstrating the creation of a legal trust the District shall pay annually to the trustees for each full time employee an amount equal to $1,250. One quarter of the amount shall be paid on July 1, one quarter on October 1, one quarter on January 1, one quarter on April 1. Such payments will be adjusted according to the total number of full time employees as of each quarterly payment. In each quarter the number of full time employees shall be determined by the full time equivalent of the total number of employees employed by the District. District will make available a vision plan for all HTA unit members/retirees who elect health insurance with the District. The plan benefits will be equivalent to DEHIC vision coverage, as available. The cost of the vision plan will be shared with the same annual unit member contributions as designated with regard to health insurance contribution.

WELFARE TRUST FUND. 14.4.1 The Association shall create a trust fund pursuant to the rules of the Department of Labor and the laws of the State of New York and upon presentation by the Association to the district of documentation demonstrating the creation of a legal trust the District shall pay annually to the trustees for each full time employee an amount equal to $1,250. to: One quarter of the amount shall be paid on July 1, one quarter on October 1, one quarter on January 1, one quarter on April 1. Such payments will be adjusted according to the total number of full time employees as of each quarterly payment. In each quarter the number of full time employees shall be determined by the full time equivalent of the total number of employees employed by the District. District will make available a vision plan for all HTA unit members/retirees who elect health insurance with the DistrictOrange-Ulster Health Plan. The plan benefits will be equivalent to DEHIC vision coverage, as available. The cost of the vision plan will be shared with the same annual unit member contributions as designated with regard to health insurance contribution.