EMPLOYEE CONTRIBUTION RATES Sample Clauses

EMPLOYEE CONTRIBUTION RATES. The employer agrees that the employee contribution amounts for health care plans (including dental, vision and EAP plans) shall be: Eligible regular permanent full-time employees: Single Coverage Single Plus One 1/1/2017 – term of this Agreement: 20% of full monthly premium Family Coverage 1/1/2017 – term of this Agreement: 20% of full monthly premium Eligible regular permanent part-time employees: Single Coverage Single Plus One 1/1/2017 – term of this Agreement: 40% of full monthly premium Family Coverage 1/1/2017 – term of this Agreement: 40% of full monthly premium Premium rate increases will not exceed 15% in any contract year.
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EMPLOYEE CONTRIBUTION RATES. Effective Date Sept. 1, 2019* Sept. 1, 2020** Below YMPE 7.55% 8.05% Above YMPE 9.25% 9.75% *Sept 1, 2019 reflects current percentage contributions for CUPE Local 3913 members. ** The rates above are established as the maximum member contribution rates. The University and the Union agree in principle to a negotiated framework for the sharing of Normal Actuarial Cost of the Retirement Pension Plan through collective bargaining. Under this framework, should the most current valuation report filed prior to September 1 of each year show an increase in the University’s Normal Actuarial Cost to a level above 100% of the member contribution rates at that time the University will meet with the Union to review the applicable valuation results including support for the Normal Actuarial Cost increase. This review will include documentation prepared by the Plan’s actuary who certifies the new Normal Actuarial Cost requirement in respect of the CUPE Local 3913 members, including a summary of the underlying CUPE Local 3913 membership data used to prepare the valuation results. Pending such certification of results by the Plan Actuary, member contribution rates will increase to fund 50% of that portion of the University’s Normal Actuarial Cost above 100% of member contributions at the time of the valuation. Under this calculation, member contributions will be subject to a maximum increase of 0.50%, to be implemented effective September 1, 2020. Unless otherwise provided for under this Schedule, member contribution rate increases will not exceed 0.50% during the term of the Collective Agreement. The Employer contribution rates will continue to be determined by the Plan Actuary, but in no case shall be less than the member rates. Precise determination of any adjustments to member contribution rates will be made by the Plan Actuary with due consideration being given to the importance of recognizing earnings below and above the Year’s Maximum Pensionable Earnings (YMPE).
EMPLOYEE CONTRIBUTION RATES. All plans shall require employees to contribute for each plan choice and tier placement as described below. In accordance with the principles developed by the Joint Labor Management Benefits Council (JLMBC), the parties agree to the employee monthly contribution rates specified below. The CalPERS Select Plan shall be the “basic” plan; all other plans shall be a “buy-up” or “buy-down”, except that Kaiser rates shall be $3/6/9 higher than a true buy-up, and PERS Choice shall be $5/10/15 lower than a true buy-up. Further, the PERS Care and United Healthcare HMO plans contributions shall remain at the same rate as 2015 without change. The contributions for plans only available in Southern California shall be the same as Anthem Select. Contribution rates in each plan shall have three tiers: employee only; employee plus one; employee plus family. The rate for each tier shall be based on a proportional formula: employee only = employee rate x 1; employee plus one = employee rate x 2; employee plus family = employee rate x 3. Rates for each plan and tier are expressed monthly, i.e., 1/12th of the employee annual contribution as specified below [based On Active-Retiree Contribution Illustration #19D, JLMBC, 6/25/15]: Three PPO Plans PERS Care January 1, 2016 E $480 E + 1 $960 E + family $1440 PERS Choice January 1, 2016 E $152 E + 1 $304 E + family $456 PERS Select January 1, 2016 E $89 E + 1 $178 F + family $267 Seven HMO Plans: Bay Area Anthem Select January 1, 2016 E $81 E + 1 $162 E + family $243 Anthem Traditional January 1, 2016 E $214 E + 1 $428 E + family $642 Blue Shield Access+ January 1, 2016 E $375 E + 1 $750 E + family $1125 Blue Shield NetValue January 1, 2016
EMPLOYEE CONTRIBUTION RATES. The employer agrees that the employee contribution amounts for health care plans (including dental, vision and EAP plans) shall be: Eligible regular permanent full-time employees: 20% of the full monthly premium Eligible regular permanent part-time employees: 40% of the full monthly premium
EMPLOYEE CONTRIBUTION RATES a. All unit employees that are members of the 1976 Tier shall contribute at a rate of 8% of covered compensation (minus $19 per month).

Related to EMPLOYEE CONTRIBUTION RATES

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

  • 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.

  • Compensation Rates Each of the compensation rates to be paid by Buyer to Seller for Product delivered under this Agreement as set forth below shall be populated with the values as selected by Buyer in accordance with Appendix XIV. The Compensation Rates are as follows:

  • 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 Compensation The wages, salaries and other compensation paid to employees who will be employed for the benefit of the Project, and to others who perform special services for the benefit of the Project, to the extent not otherwise paid through a Cash Management System, shall be paid by Owner from a Project Account pursuant to this Section 9.2.

  • 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:

  • 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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