Annuity in Lieu of Health Insurance Sample Clauses

Annuity in Lieu of Health Insurance. During the term of this Agreement, for full-time and regular part-time employees who would be eligible for hospitalization insurance and are able to demonstrate they have health insurance through another source, the Employer agrees to provide an annuity in lieu of health insurance in an amount of three hundred sixty-two dollars ($362.00) per month. New employees shall not be eligible for the annuity in lieu of health insurance program until they have been employed by Antrim County for sixty (60) days.
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Annuity in Lieu of Health Insurance. During the term of this Agreement, for full-time and regular part-time employees who would be eligible for hospitalization insurance and are able to demonstrate they have health insurance through another source, the Employer agrees to provide an annuity in lieu of health insurance. The annuity in lieu of health insurance will be linked to the cap for a single subscriber in the General Unit. The annuity in lieu of health insurance shall be two-thirds (2/3) the rate of the cap for a single subscriber in the General Unit. In addition, subject to carrier’s rules, employees will also have the option to increase the amount toward the annuity as follows:  An additional thirty dollars ($30.00) per month if an employee elects to drop both the dental and drug riders.  An additional twenty dollars ($20.00) per month if an employee elects to drop the drug rider, but maintains the dental rider.  An additional ten dollars ($10.00) per month if an employee elects to drop the dental rider, but maintains the drug rider.
Sample 1
Annuity in Lieu of Health Insurance. During the term of this Agreement, for full-time and regular part-time employees who are eligible for hospitalization insurance, the Employer agrees to provide an annuity in lieu of health insurance. The annuity in lieu of health insurance will be linked to the cap for a single subscriber in the General Unit. The annuity in lieu of health insurance shall be two-thirds (2/3) the rate of the cap for a single subscriber in the General Unit. New employees shall not be eligible for the annuity in lieu of health insurance program until they have been employed by Antrim County for sixty (60) days.
Sample 1Sample 2
Annuity in Lieu of Health Insurance. During the term of this Agreement, for full-time and regular part-time employees who are eligible for hospitalization insurance, the Employer agrees to provide an annuity in the amount of twelve hundred dollars (SI ,200.) annually at the rate of one hundred dollars (SI 00.) per month for employees who elect not to be covered by the Employer's hospitalization insuranCe program. In addition, subject to carrier's rules, employees will also have the option to increase the amount toward the annuity as follows:
Sample 1

Related to Annuity in Lieu of Health Insurance

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  • Retirement Health Insurance Subd. 1. Benefit Eligibility for Employees who Retire Before Age 65

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  • Health Insurance Plan (Excluding Summer Students Regardless of Wage Schedule Paid From) These employees shall be considered as a group in order that they may apply to participate in the Supplementary Plan and the Extended Health Benefit Plan at group rates. One hundred percent (l00%) of all premiums will be paid by the employees. The Company will pay one hundred percent (l00%) of the Ontario Health Insurance Plan premium for temporary employees who have four months' accumulated service.

  • Group Health Insurance Immediately following retirement, the teacher shall have the option of remaining in the Corporation’s current group health insurance plan if all of the following conditions are met as of the date of retirement and thereafter:

  • Ontario Health Insurance Plan The parties recognize that the method of funding OHIP has been changed from an individually paid premium to a system funded by an employer paid payroll tax. If the government, at any time in the future, reverts to an individually paid premium for health insurance, the parties agree that the Colleges will resume paying 100% of the billed premium for employees.

  • Health Insurance Benefits To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company’s current group health insurance policies, Executive will be eligible to continue Executive’s group health insurance benefits at Executive’s own expense. If Executive timely elects continued coverage under COBRA, the Company shall pay Executive’s COBRA premiums, and any applicable Company COBRA premiums, necessary to continue Executive’s then-current coverage for a period of 18 months after the date of Executive’s termination of employment; provided, however, that any such payments will cease if Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such premiums. Executive agrees to immediately notify the Company in writing of any such enrollment. Notwithstanding the foregoing, if the Company determines, in its sole discretion, that it cannot provide the foregoing benefit without potentially incurring financial costs or penalties under applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a taxable monthly amount to continue his group health insurance coverage in effect on the date of separation from service (which amount shall be based on the premium for the first month of COBRA coverage), which payments shall be made regardless of whether Executive elects COBRA continuation coverage and shall commence in the month following the month in which Executive incurs a separation from service and shall end on the earlier of (x) the date on which Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such amounts and (y) 18 months after the date of Executive’s separation from service.

  • Health Insurance Committee The UFF-USF-GAU President will appoint one (1) employee to serve on the University's Student Health Insurance Committee.

  • Health Insurance Coverage (a) An employee who is laid off or separated from employment on or after July 1, 1994, under circumstances which entitle such employee to reemployment rights under this Article, other than pursuant to Section 23, may elect to continue membership in their health benefit plan, upon advance payment of the regular percentage contribution to the cost of the plan, during the first six

  • Health insurance premiums If you are unemployed and have received unemployment compensation for 12 consecutive weeks under a federal or state program, you may take payments from your IRA to pay for health insurance premiums without incurring the 10 percent early distribution penalty tax. 6)

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