Benefit Groups definition

Benefit Groups. A faculty member’s eligibility for various benefits is determined by his/her appointment. The term of appointment and FTE determine a faculty member’s benefit group, as follows:
View Source

Examples of Benefit Groups in a sentence

  • A faculty member whose qualifying years for retirement have been in Benefit Groups A, B, C or D may retire from the University prior to age 65 (Medicare eligibility), and elect to receive medical insurance coverage through the same plan offered to active bargaining unit members, provided that by June 30, 2014, such faculty member has met the retirement eligibility criteria that were in place when he or she was hired.

  • Eligible faculty members in Benefit Groups A, B, C or in Benefit Group D, who have more than two semesters, may elect to waive medical insurance coverage for self and dependents upon certification to Human Resource Services of coverage available to him/her under a non-University group medical insurance plan.

  • Faculty members in Benefit Groups A, B, C and D will pay a percentage of University premium costs as listed in the salary premium cost table (Appendix B).

  • Faculty retirees whose qualifying years for retirement have been in Benefit Groups A, B, C or D and their qualified dependents are eligible for dental insurance plan participation on the same coverage basis as active employees, provided that effective for those who retire January 1, 2015 or after, the retiree shall pay 10% of the full premium costs of coverage under the base dental plan and the University will pay 90% of the premium costs of the base dental plan.

  • Eligible faculty members in Benefit Groups A, B, or C may elect to waive medical insurance coverage for self and dependents upon certification to Human Resource Services of coverage available to him/her under a non- University group medical insurance plan.

  • Faculty members in Benefit Groups ▇, ▇,▇ and D will pay a percentage of University premium costs as listed in the salary premium cost table (Appendix B).

  • Faculty members in Benefit Groups A, B and C will pay a percentage of University premium costs as listed in the salary premium cost table (Appendix B).

  • Appendix C Benefit Groups Defined‌ Group A 12 months 100% Group B 9, 10, 11 months (academic year) 100% Group C 12 months 75-99% Group D 9, 10, 11 months (academic year) 75-99% Group E 12 months 50-74% Group F 9, 10, 11 months (academic year) 50-74% Appendix F Flexible Spending Accounts‌ The Flexible Spending Account (FSA) is designed to increase spendable take-home pay by allowing employees to reduce their federal and state income and Social Security taxes.

  • A faculty member whose qualifying years for retirement have been in Benefit Groups A, B or C may retire from the University prior to age 65 (Medicare eligibility), and may elect to receive medical insurance coverage through the same plan offered to active bar- gaining unit members, provided that by June 30, 2014, such faculty member has met the retirement eligibility criteria that were in place when he or she was hired.

  • Faculty retirees whose qualifying years for retirement have been in Benefit Groups A, B, or C, and their qualified dependents are eligible for dental insurance plan participation on the same coverage basis as active employees, provided that effective for those who retire July 1, 2006 or after, the retiree shall pay 10% of the full premium costs of coverage under the base dental plan and the University will pay 90% of the premium costs of the base dental plan.

Related to Benefit Groups

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • benefit liabilities has the meaning specified in section 4001 of ERISA and the terms “current value” and “present value” have the meaning specified in section 3 of ERISA.

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.