Plan Designs Sample Clauses

Plan Designs. X. Xxxxxxxxx with PPO
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Plan Designs. Until December 31, 2019, eligible bargaining unit members shall be entitled to the healthcare, prescription drug, dental and vision benefit coverage identified in Article 12 of the 2018-2019 Master Contract between the BFT and Board.
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Plan Designs. The participation and contribution of retirement plans depend on various factors. Plan design may affect employees’ decision of whether to participate or contribute the retirement plans. First, enrollment processes may influence an employee participation decision. Madrian and Xxxx (2001) examine individual 401 (k) savings behavior using employee-level data from a large, publicly traded Fortune 500 company in the healthcare and insurance industry for the years of 1997 and 1999. The paper finds that automatic enrollment results in higher 401 (k) participation rate. Moreover, a large portion of employees simply chooses the default contribution rate and default securities allocation under automatic enrollment. Second, plans with favorable tax treatment or other additional benefits, such as 401 (k) and other tax-deferred accounts, may attract employees to participate. For example, tax-deferred ac- counts allow employees to make pre-tax contributions and pay tax upon withdrawals after retire- ment. Under progressive tax system, plans with favorable tax treatment would protect participants from being taxed at a high rate and thus provide incentives for individuals to enroll. Third, employers usually match employee contributions to a certain percent. For example, Xxxxx (1995) and Xxxxx and Xxxxxxxxxx (1993) analyze plan level data and find a significant positive correlation between participate rate and employer match rate of 401 (k) plans. Another feature of retirement plans is whether the plan is defined benefit or defined contribu- tion. In the defined benefit plans, the benefits are calculated based on an employee’ final salary and job tenure. On the other hand, in the defined contribution plans, the retirement benefits depends on contributions and earnings or interests on the contributions. (Xxxxxxx an Sunden 2001). Under defined contribution, young and mobile workers can easily track their savings in various accounts. Over the recent years, defined contribution plans have gained increasing popularity among workers and substituted a large portion of defined benefit plans in the U.S. (Xxxxxxx et al. 2001). The availability of investment choice of the retirement plans may affect individuals’ partici- pation decision. 401 (k) or similar retirement plans usually allow individuals to invest in a pool of financial instruments such as stocks and funds. Xxxxx-Xxxxxxx et al. (2004) examine employee records across more six hundreds of 401 (k) plans and 69 industries pro...
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Plan Designs 
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Related to Plan Designs

  • Plan Design The flexible benefits plan is a cafeteria-style benefits program wherein the County makes a contribution toward the Flexible Benefits Plan for each eligible employee to be allocated during the employee's active employment. The County contribution is distributed by the employee among the menu of benefit options listed below, the specific details and administration of which are set forth in the plan brochures: "Core" Benefits: • Health insurance • County basic life and AD&D insurance Optional Benefits: • Dental insurance • Vision insurance • Supplemental life insurance • Supplemental accidental death and dismemberment insurance (AD&D) • Flexible spending accounts for pre-tax reimbursement of qualified medical and/or dependent day care expenses. Account credits must be used during the plan year in which they are earned for expenses incurred during the same plan year. • The plan may be modified upon written notice by the County. This plan includes for eligible employees pre-tax contributions for all monies paid toward health, dental, vision and/or voluntary AD&D plans.

  • SEB Plan The parties agree to establish and administer a Supplemental Employment Benefits Plan (the “Plan”) as follows:

  • Application for Benefits Requests for short-term leaves shall be in writing, upon the appropriate form prescribed and provided by the District, and shall be filed with the unit member's supervisor and the appropriate manager five (5) days in advance of the intended leave (except in emergency situations), unless otherwise stated by the provisions of the specific leave.

  • Research Design The data generated by excavations at the prehistoric site(s) will be used to examine at least three topics: (1) chronology; (2) technology; and (3) subsistence practices. Insights into changing patterns of community organization may also be granted, as may insights into changes in social organization. The data recovered will then be compared to data from other regional sites.

  • Schematic Design See Section 2, Part 1, Article 2.1.4, Paragraph 2.1.4.2.

  • The Design Builder shall maintain an occurrence form commercial general liability policy or policies insuring against liability arising from premises (including loss of use thereof), personal injury or death, advertising injury, liability insured under an insured contract (including the tort liability of another assumed in a business contract) occurring on or in any way related to the premises or occasioned by reason of the operations of Design-Builder. Such coverage shall be written on an ISO occurrence form (ISO Form CG 00 01 12 07 or a policy form providing equivalent coverage) in an amount of not less than $1,000,000.00 per occurrence and not less than $2,000,000.00 aggregate. Unless otherwise provided, the policy or policies of insurance providing the liability coverage shall include:

  • Denial of Benefits Subject to prior notification and consultation, a Party may deny the benefits of this Chapter to: (a) investors of the other Party where the investment is being made by a enterprise that is owned or controlled by persons of a third State and the enterprise has no substantive business activities in the territory of the other Party; or (b) investors of the other Party where the investment is being made by a enterprise that is owned or controlled by persons of the denying Party.

  • Procedure for Benefits Modifications 1. Proposals for major retirement benefit modifications will be negotiated in joint meetings with the certified employee organizations whose memberships will be directly affected. Agreements reached between Management and organizations whereby a majority of the members in LACERS are affected shall be recommended to the City Council by the CAO as affecting the membership of all employees in LACERS. Such modifications need not be included in the MOU in order to be considered appropriately negotiated.

  • Program Benefits Under the Probation Status, the Participating Contractor will be eligible for all contractor incentives, its customers will have access to financing offered through the Program, and income- eligible households will be eligible to receive Program incentives.

  • Program Design The County Human Resources Department will operate a Catastrophic Leave Bank which is designed to assist any County employee who has exhausted all paid accruals due to a serious or catastrophic illness, injury, or condition of the employee or family member. The program establishes and maintains a Countywide bank wherein any employee who wishes to contribute may authorize that a portion of his/her accrued vacation, compensatory time, holiday compensatory time or floating holiday be deducted from those account(s) and credited to the Catastrophic Leave Bank. Employees may donate hours either to a specific eligible employee or to the bank. Upon approval, credits from the Catastrophic Leave Bank may be transferred to a requesting employee's sick leave account so that employee may remain in paid status for a longer period of time, thus partially ameliorating the financial impact of the illness, injury, or condition. Catastrophic illness or injury is defined as a critical medical condition, a long-term major physical impairment or disability which manifests itself during employment.

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