Premium Only Plan. The County will administer a Premium Only Plan that will allow an employee to pay for health insurance premiums as permitted by state and federal law, regulations, and guidelines. Under the plan, an employee's gross taxable salary will be reduced by the amount of his or her share of the premium costs of County-provided health insurance coverage as permitted by state and federal law, regulations, and guidelines.
Premium Only Plan. Employee’s share of medical insurance premiums shall be deducted from employee’s pay with pre-tax dollars as long as such deduction is allowable under the applicable IRS Code. City shall establish an annual enrollment period and each employee must re-enroll annually for either plan noted in a. and/or b. above. City shall have the authority to implement changes to the 125 Programs to comply with changes in applicable IRS laws without having to go through the meet and confer process.
Premium Only Plan. 1. The Authority shall administer a Premium Only Plan (POP) that shall allow an employee to pay for health insurance premiums as permitted in the Internal Revenue Code. Under the POP, an employee's gross taxable salary shall be reduced by the amount of his/her share of the premium costs of Authority-provided health insurance coverage.
Premium Only Plan. The Board shall establish a Section 125- Premium Only Plan (POP) for any employee contribution for health care benefits.
Premium Only Plan. The District’s contribution shall be 80% of the monthly premium cost of Individual or Family health insurance under the District’s plan. The issue of dealing with health insurance premium increases and costs will be reviewed and addressed by a labor-management committee. The committee will be charged with addressing the issue of saving at least 10% on the health insurance costs which are incurred by the District on an annual basis. Such means of addressing the savings of 10% can be by way of plan modifications or changes, changes of carrier, etc. The labor-management committee will be composed of three members chosen by the Association and three members chosen by the District. The committee will meet to begin its process no later than October 1, 2014 and will work throughout the 2014-2015 school year to address the concerns. If the committee is successful in coming to an agreement on how to achieve the minimum 10% savings on the health costs paid by the District, and such agreement is implemented effective July 1, 2015, the District shall provide a one-time, off-step payment to eligible Association members equivalent to 20% of the District’s health insurance savings divided equally among all eligible employees. For the purpose of this provision, an “eligible employee” is any member of the Association who is otherwise eligible to receive health insurance benefits under the collective bargaining agreement. If the committee is unable to come to an agreement by March 15, 2015 on how to achieve the minimum of 10% savings on the health insurance costs paid by the District, then the recommendations from the Association members on the committee and the District members on the committee will be submitted to Arbitrator Xxxx Xxxxxxx. Arbitrator Xxxx Xxxxxxx will not be able to blend or merge the proposals from the Association representatives on the committee with the District representatives on the committee. Instead, to address the means in which to save the minimum of 10% on the costs the District incurs in providing health insurance to the Association members, Arbitrator Xxxxxxx will have to choose the proposal from either the Association members or the District members. The arbitration hearing on this matter and decision will be rendered prior to June 1, 2015 so that the parties can implement either the joint recommendations of the committee or the Arbitrator’s decision relating to this matter, whichever is applicable. Unit members may elect to have premium contr...
