Level of Benefit. During the term of this agreement, the level of benefit of the University’s medical, prescription drug, dental and vision plans shall be maintained at a cumulative value of not less than ninety percent (90%) of the cumulative value of those plans as of July 1, 2014. The cost of these plans will be determined by the University prior to the start of each plan year based on the premiums for fully insured plans (or for self-insured plans rates equivalent to fully insured rates, e.g. COBRA rates) if available, the claims experience of each plan, enrollment, and fixed costs during the most recent 12 month period and projected forward with generally- accepted health care inflation assumptions to the next benefit plan year. The University will determine the plan design and resulting level of benefit of its various health plan offerings (medical, prescription drug, dental and vision plans) for each plan year. Prior to determining the amount, allocation and differentiation of employee premium contributions and changes in plan design and level of benefit of its various health plan offerings (medical, prescription drug, dental and vision plans), the University will confer with and consider the recommendations of the labor-management healthcare committee.
Level of Benefit. During the term of this agreement, the level of benefit of the University’s medical, prescription drug, dental and vision plans shall be maintained at a cumulative value of not less than ninety percent (90%) of the cumulative value of those plans as of July 1, 2017. The cost of these plans will be determined by the University prior to the start of each plan year -- July 1, 2018 through June 30, 2019 and July 1, 2019 through June 30, 2020 respectively -- based on the premiums for fully insured plans (or for self-insured plans rates equivalent to fully insured rates, e.g. COBRA rates) if available, the claims experience of each plan, enrollment, and fixed costs during the most recent 12 month period and projected forward with generally-accepted health care inflation assumptions to the next benefit plan year. The University will determine the plan design and resulting level of benefit of its various health plan offerings (medical, prescription drug, dental and vision plans) for each plan year: July 1, 2018 through June 30, 2019 and July 1, 2019 through June 30, 2020 respectively. Prior to determining the amount, allocation and differentiation of full time and part time employee remium contributions and changes in plan design and level of benefit of its various health plan offerings (medical, prescription drug, dental and vision plans), the University will confer with and consider the recommendations of the labor-management healthcare committee.
Level of Benefit. (a)For employees who qualify for commencement of Long Term Disability Benefits – fifty percent (50%) of regular weekly earnings calculated at forty (40) times the disabled employee's hourly straight time job rate at date of onset of disability plus - any negotiated increases to that hourly straight time rate which would take place during the Elimination Period.
Level of Benefit. 50% of regular weekly earnings calculated at 40 times the disabled employee's status rate at the date of onset of disability, plus any negotiated increases to that status rate which would take place during the elimination period. An employee who is under 60 years will have his/her future disability benefit recalculated by applying the contractual wage increases that were applied in each year, during the period of their disability, to their long term disability benefit. The recalculated weekly benefit when combined with all other disability income to which the disabled employee is receiving will not exceed 80% of 40 hours multiplied by the regular rate in effect at the time of the recalculation.
Level of Benefit. When the Company employs both parents of a new addition, each employee will be eligible for the New Additions Leave. • For birth mothers, the eight (8) weeks (320 hours) required within this agreement does not include the recovery period from the birth, which is typically six (6) weeks.
Level of Benefit. Sixty-seven percent (67%) of regular monthly earnings as of the date of onset of the disability to a maximum of Four Thousand Dollars ($4,000.00) per month.
Level of Benefit. Full Time 2019 Employee Only $2.96 Employee and child(ren) $5.32 Employee and Spouse/Partner $5.91 Employee and Family $8.86 Part Time 2019 Employee Only $4.73 Employee and child(ren) $8.51 Employee and Spouse/Partner $9.46 Employee and Family $14.18
Level of Benefit. Benefits for covered services shall be the dentist's charge or the UCR allowance, whichever is lower. Dependents for dental insurance purposes has the same meaning as dependents for health care insurance purposes.
Level of Benefit. The Administrator shall establish an Account for each Employee. As of the last day of each Plan Year the Administration shall credit the Account of each Employee who is employed by the Employer on the last day of the Plan Year with an amount equal the difference, if any, between (a) and (b), where:
Level of Benefit. 50% of regular weekly earnings calculated at forty (40) times the disabled employee’s hourly straight time job rate at the date of onset of disability plus any negotiated increases to that hourly straight time job rate which would take place during the elimination period. Employees who are under age 60 years of age will have their future disability benefit recalculated by applying the contractual wage increases that were applied in each year, during the period of their disability, to their long term disability benefit. The benefit will be recalculated using the greater of their existing long term disability benefit or a recalculation using the base rate that is in place on that date. The recalculated weekly benefit when combined with all other disability income to which the disabled employee is receiving will not exceed 80% of 40 hours multiplied by the regular wage rate in effect at the time of recalculation. The Long Term Disability Plan will assume all costs for completion of required forms to a limit of $25.00 per form.
