Calculating Tiered Employee Contribution Rates Sample Clauses

Calculating Tiered Employee Contribution Rates. At the end of each fiscal year the District will calculate the Base-Employee-Contribution for the next plan year which begins on January 1st. An employee’s contribution for Plan Option A will be based on a negotiated formula applied to the family tiered structure as follows: Employee Only 75% of the Base-Employee-Contribution Employee + Spouse or Employee + Child(ren) 100% of the Base-Employee-Contribution Employee + Family 125% of the Base-Employee-Contribution An employee’s contribution for Plan Option B will be equal to 35% of the employee contribution for each of the family tiers for Plan Option A. For part-time employees, the contribution rate is two (2) times the full-time employee rate.
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Calculating Tiered Employee Contribution Rates. At the end of each fiscal year the District will calculate the Base-Employee-Contribution for the next plan year which begins on January 1. An employee’s contribution for Plan Option A will be based on a negotiated formula applied to the tiered structure as follows: Employee Only 75% of the Base-Employee-Contribution Employee + Spouse or Employee + Child(ren) 100% of the Base-Employee-Contribution Employee + Family 125% of the Base-Employee-Contribution For the 2017, 2018 & 2019 year the employee’s annual contribution for Plan Option B and Option C will be $0.00. The dollar amount of the District contribution in 2019 will become a hard cap of District contribution for ensuing years. For part-time employees, the contribution rate is two (2) times the full-time employee rate. Health plan costs are composed of claims paid, the costs of administering the health care plan by the third party administrator or its successor(s), aggregate and specific stop-loss premiums, utilization review fees, case management costs, health program audit rewards, PA Clinic, wellness initiative costs, COBRA premium receipts, refunds, consultant fees, and any added costs resulting from changes in the administration of the health benefits plan agreed to by the parties during the term of the collective bargaining agreement or due to any requirement imposed by state or federal law.
Sample 1Sample 2Sample 3
Calculating Tiered Employee Contribution Rates. At the end of each fiscal year the District will calculate the Base-Employee-Contribution for the next plan year which begins on January 1st. An employee’s contribution for Plan Option A will be based on a negotiated formula applied to the family tiered structure as follows: Employee Only 75% of the Base-Employee-Contribution Employee + Spouse or Employee + Child(ren) 100% of the Base-Employee-Contribution Employee + Family 125% of the Base-Employee-Contribution An employee’s contribution for Plan Option B will be equal to 35% of the employee contribution for each of the family tiers for Plan Option A. For part-time employees, the contribution rate is two (2) times the full-time employee rate. Shared-time teachers shall have the same insurance benefits as part-time teachers. In no case shall the total cost of the fringe benefits between teachers sharing a position exceed the total cost of the benefits paid to a full-time teacher for the same position. In order for the cost of benefits not to exceed the cost of covering one employee, the employer’s share for the second person of the job share must be made up by the job share employees.
Sample 1
Calculating Tiered Employee Contribution Rates. At the end of each fiscal year the District will calculate the Base-Employee-Contribution for the next plan year which begins on January 1st. An employee’s contribution for Plan Option A will be based on a negotiated formula applied to the tiered structure as follows: Employee Only 75% of the Base-Employee-Contribution Employee + Spouse or Employee + Child(ren) 100% of the Base-Employee-Contribution Employee + Family 125% of the Base-Employee-Contribution • For the 2017, 2018, and 2019 year, the employee’s annual contribution for Plan Options B and Option C will be $0.00. The dollar amount of the District Contribution in 2019 will become a hard cap of District contribution for ensuing years. • For part-time employees, the contribution rate is two (2) times the full-time employee rate. Employee-Dollar Share Adjustment – An important cost sharing feature of the plan concerns over or under collections of expected contributions. If the actual employee contributions collected are below the expected contribution at the end of a given fiscal year, the underpayment will be added to the Employee-Dollar-Share in the next plan year. If the actual employee contributions collected are above the expected contribution, the overpayment will be deducted from the Employee-Dollar-Share in the next plan year. Health plan costs are composed of claims paid, the costs of administering the health care plan by the third party administrator or its successor(s), aggregate and specific stop-loss premiums, utilization review fees, case management costs, health program audit rewards, PA Clinic, wellness initiative costs, COBRA premium receipts, refunds, consultant fees, and any added costs resulting from changes in the administration of the health benefits plan during the term of the collective bargaining agreement or due to any requirement imposed by state or federal law.
Sample 1
Calculating Tiered Employee Contribution Rates. At the end of each fiscal year the District will calculate the Base-Employee-Contribution for the next plan year which begins on January 1st. An employee’s contribution for Plan Option A will be based on a negotiated formula applied to the tiered structure as follows: Employee Only 75% of the Base-Employee-Contribution Employee + Spouse or Employee + Child(ren) 100% of the Base-Employee-Contribution Employee + Family 125% of the Base-Employee-Contribution For the 2017, 2018, and 2019 years, the employee’s annual contribution for Plan Option B and Plan Option C will be zero dollars ($0). The dollar amount of the District contribution in 2019 will become a hard cap of District contribution for ensuing years. For part-time employees, the contribution rate is two (2) times the full-time employee rate.
Sample 1

Related to Calculating Tiered Employee Contribution Rates

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

  • Employee Contribution Eligible employees shall contribute one percent (1%) of their salary on a per pay period basis to the HCSP.

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

  • Employee Contributions (a) Each participant shall be allowed to contribute on a bi-weekly basis up to an amount equal to eighty percent (80%) of the Participant’s wage. Such bi-weekly wage deductions shall be in increments of one percent (1%) and shall be contributed to the Participant’s account. The participant may contribute on a pre-tax, after-tax, Xxxx basis or any combination.

  • Rollovers of Xxxx Elective Deferrals Xxxx elective deferrals distributed from a 401(k) cash or deferred arrangement, 403(b) tax-sheltered annuity, 457(b) eligible governmental deferred compensation plan, or federal Thrift Savings Plan, may only be rolled into your Xxxx XXX.

  • Partial Employer Contribution - Basic Eligibility The following employees covered by this Agreement receive the full Employer Contribution for basic life coverage, and at the employee's option, a partial Employer Contribution for health and dental coverages if they are scheduled to work at least fifty (50) percent but less than seventy-five (75) percent of the time. This means:

  • Salary Deductions Salaried employees (E-level classifications) who are permanently assigned to full-time job classifications are paid on a bi-weekly salary basis. Salaried employees are paid a bi-weekly salary based on a minimum of two (2) forty (40) hour workweeks. The bi-weekly salary received by salaried employees will not be reduced regardless of the number of hours the salaried employee actually works in any week in which the salaried employee performs any work except for the following deductions:

  • Requiring Minimum Compensation for Covered Employees a. Contractor agrees to comply fully with and be bound by all of the provisions of the Minimum Compensation Ordinance (MCO), as set forth in San Francisco Administrative Code Chapter 12P (Chapter 12P), including the remedies provided, and implementing guidelines and rules. The provisions of Sections 12P.5 and 12P.5.1 of Chapter 12P are incorporated herein by reference and made a part of this Agreement as though fully set forth. The text of the MCO is available on the web at xxx.xxxxx.xxx/xxxx/xxx. A partial listing of some of Contractor's obligations under the MCO is set forth in this Section. Contractor is required to comply with all the provisions of the MCO, irrespective of the listing of obligations in this Section.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

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