Ancillary Benefits definition

Ancillary Benefits means the benefits referred to in subsection 40 (1) of the Act; (“prestation accessoire”)

Ancillary Benefits means the benefits referred to in section 29 of the Act;

Ancillary Benefits. The District will pay the entire cost for ancillary benefits. If the premiums for the above benefits exceed the District’s contribution, the employee will pay the difference. Such payments may be made through the District’s Section 125 Plan with pre-tax funds. Affordable Care Act Provision: According to the Affordable Care Act employer- sponsored health coverage needs to be affordable. This coverage will generally be considered affordable if the employee’s required contribution for self-only coverage does not exceed 9.5% of the employee’s household income for the year. Safe harbor to be used is 9.5% of the employee’s W-2 wages. As the ABC plan is the lowest price, the calculation will be based on this plan. If the result of the composite health calculation results in an employee having to pay more than 9.5% of their W-2 wages for self-only coverage (single), the amount the employee will have to pay will be capped at 9.5% of their W-2 wages. The portion of the employee’s share of the premium in excess of 9.5% of their W-2 wages will be evenly distributed amongst all remaining bargaining unit members electing health insurance coverage that are not affected by the 9.5% limitation If a bargaining unit employee elects health coverage that is considered to be a high deductible plan per federal guidelines, they will be eligible to open a Health Savings Account (HSA) to which they can elect to defer compensation into. The district will not contribute to an employee’s HSA. If there is an administrative cost to offer the HSA plan to employees, said cost will be shared amongst those bargaining unit employees electing to participate in the HSA

Examples of Ancillary Benefits in a sentence

• If there are additional assets, these may be used to provide Ancillary Benefits in accordance with the Funding Policy.

• Upon a Member’s or Pre-Conversion Deferred Vested Member’s attainment of age fifty-five (55), such Ancillary Benefits become part of the Member’s or Pre-Conversion Deferred Vested Member’s Base Benefits.

• If there are additional assets, these may be used to provide Ancillary Benefits in accordance with the Pension Benefits Act and the Funding Policy.

• Once the Ancillary Benefits described in Section 12.6 are provided upon a Member becoming eligible for an immediate pension in accordance with Article XII and in accordance with the Funding Policy, such Ancillary Benefits become part of the Member’s or Pre-Conversion Deferred Vested Member’s Base Benefits under Article V.

• If there are surplus assets remaining after the discharge of liabilities for the accrued Base Benefits and any Ancillary Benefits provided in accordance with the Funding Policy, such assets shall be distributed to the Members, Pre-Conversion Retirees and Claimants, in accordance with Funding Policy, the TPPA and the Pension Benefits Act.

More Definitions of Ancillary Benefits

Ancillary Benefits means benefits other than Lump Sum Benefits, Pension Benefits or Death Benefits that are permitted under the Superannuation Law and include payments made to a Disabled Member or a Member in financial distress;

Ancillary Benefits means company contributions to the American Standard Companies Inc. Employee Stock Ownership Plan, active medical, life and dental benefits, and accruals for retiree life and medical benefits all to the extent applicable.

Ancillary Benefits means certain benefits and allowance granted by District 205 to F&M not included within the Naming Rights to certain Venues owned and operated by District 205 and defined more thoroughly in Section 3.

Ancillary Benefits means the benefits referred to in section 29 of the Act; “annuity contract” means an annuity contract, issued by an issuer registered under

Ancillary Benefits means any of the benefits set forth in Section 3 hereof to which Employees may be entitled upon the occurrence of a Severance.

Ancillary Benefits means the benefits referred to in subsection 58(1) of the Act;

Ancillary Benefits. UFCW New England Healthcare Fund The Employer will contribute the following monthly amounts for all Flex Employees and all employees that do not enroll in the Health Fund. New hires shall be eligible and Employer contribution shall be made the first of the month following sixty (60) days of employment. Dental, Optical, Short-Term Disability (STD), Hearing Aid and Life Insurance. (Employee only coverage) Employer Monthly Contributions: Effective Employee/Single HID $19 1/1/2025 $22 The terms and conditions of the Plan documents shall govern, and to the extent consistent therewith, only the acts or omissions of parties to this Agreement (i.e., the Employer or the Union) shall be subject to the dispute resolution provisions of this Agreement. Until December 31, 2022, Employees shall be eligible to participate in the MPGE Wellness Program on the same terms as MPGE employees not covered by a collective-bargaining agreement negotiated at arms- length, except as otherwise set forth herein.