Level of Benefit definition

Level of Benefit. Association pays two thousand two hundred seventy-five dollars ($2,275) per year for medical premiums, dental premiums and Medicare reimbursement. Any excess cost is paid by retiree. Dependent coverage is available paid by retiree. Benefit Plan #3 Eligibility: Membership date on or after October 1, 1993 or eligibility for Benefit Plan #1 and/or #2 and five (5) years of credited County service and continuity of coverage. Level of Benefit: Medical and dental premiums are paid subject to years of credited County service (exclusive of Golden Handshakes and Public-Service Buybacks). An allocation factor and maximum payment amount reviewed annually by the Board of Supervisors determines the level of benefit. Any cost in excess of the lesser of the allocated amount as set by the Board of Supervisors will be paid by the retiree. Dependent coverage is available paid by the retiree unless the retiree has thirty (30) years of credited County service. If so credited, the Association will also pay for spousal coverage based on the same criteria as used for the retiree. Benefit Plan #4 Eligibility: Membership date on or after January 1, 2008, five (5) years of credited County service and five (5) years of continuity of coverage in the plan at the time of retirement. Level of Benefit: Medical and dental premiums are subject to years of credited County service (exclusive of Golden Handshakes and Public-Service Buybacks) with an allocation factor of one hundred fifty dollars ($150) per year to a maximum of twenty (20) years of service ($3,000) annually. Dependent coverage is available paid by the retiree. The County will explore a Health Savings Account option for employees who wish to set aside money for out-of-pocket retirement health costs.
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Examples of Level of Benefit in a sentence

  • First Level of Benefit Determination Review The first level of benefit determination review is done by the Plan Supervisor.

  • Second Level of Benefit Determination Review The Plan Administrator will review the claim in question along with the additional information submitted by the Covered Person.

  • Second Level of Benefit Determination Review A sub-committee consisting of any three (3) of the fifteen (15) active members of the MMIA Board of Directors (Pre-service Appeals Sub-Committee) will review the claim in question along with the additional information submitted by the Covered Person.

  • Second Level of Benefit Determination Review The Plan Administrator reviews the claim in question along with the additional information submitted by the Covered Person.

  • First Level of Benefit Determination Review The first level of benefit determination review is completed by the Medical, Prescription Drug, Dental or Vision Plan Supervisor.

  • Second Level of Benefit Determination Review The THT Clinical Review Committee will review the claim in question along with the additional information submitted by the Covered Person.

  • First Level of Benefit Determination Review The first level of benefit determination review is done by Community Health Partners (CHP).

  • Second Level of Benefit Determination Review The Designated Appeals Fiduciary will review the claim in question along with the additional information submitted by the Covered Person.

  • Minimum Level of Benefit (1) The minimum level of benefit payable by a RHBO in respect of an episode of hospital treatment (excluding in situations of emergency) in a facility that does not have a HPPA (or a similar arrangement) with the RHBO, is that set by this clause 2, being the second tier default benefit, and not the minimum level of benefit set by Schedules 1, 2, 3, or 7 of the Determination made under paragraph (1) (bj) of Schedule 1 of the Act.

  • Membership date on or after January 1, 2008, 5 years of credited County service and 5 years of continuity of coverage in the plan at the time of retirement: Level of Benefit: Medical and dental premiums are subject to years of credited County service (exclusive of Golden Handshakes and Public Service Buybacks) with an allocation factor of $150 per year to a maximum of 20 years of service ($3000) annually.

Related to Level of Benefit

  • Coordination of Benefits or “COB” means a provision establishing an order in which plans pay their claims, and permitting secondary plans to reduce their benefits so that the combined benefits of all plans do not exceed total allowable expenses.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Schedule of Benefits means the section of this policy which shows, among other things, the Eligibility Requirements, Eligibility Waiting Period, Elimination Period, Amount of Insurance, Minimum Benefit, and Maximum Benefit Period.

  • Assignment of Benefits means an arrangement whereby the Plan Participant assigns their right to seek and receive payment of eligible Plan benefits, in strict accordance with the terms of this Plan Document, to a Provider. If a provider accepts said arrangement, Providers’ rights to receive Plan benefits are equal to those of a Plan Participant, and are limited by the terms of this Plan Document. A Provider that accepts this arrangement indicates acceptance of an “Assignment of Benefits” as consideration in full for services, supplies, and/or treatment rendered.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement, Schedule 1, section 3.3A.4 and the parallel provisions of Tariff, Attachment K-Appendix, section 3.3A.4.

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Termination Benefit means the benefit set forth in Article 7.

  • Disability Benefit means the benefit set forth in Article 8.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Annuity Benefit means a benefit payable by us as described in Part VII.

  • Social Security Benefit means the Primary Insurance Amount to which a Participant becomes entitled at age sixty-five (65) under Social Security legislation in effect on the earliest of his Normal Retirement Date, early retirement date or Termination Date.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Primary Social Security Benefit means, with respect to any member, the primary insurance amount

  • Service benefit means the credit toward retirement benefits as determined by the

  • Disability Support Pension means the Commonwealth pension scheme to provide income security for persons with a disability as provided under the Social Security Act 1991, as amended from time to time, or any successor to that scheme.

  • Early Retirement Benefit means the retirement benefit payable to a member following early