Active Employee Deduction Sample Clauses
The Active Employee Deduction clause defines a reduction or adjustment in benefits, payments, or entitlements based on an individual's status as an active employee. Typically, this clause applies in contexts such as insurance or retirement plans, where benefits may be offset or limited if the person is still actively working for the employer. For example, an employee might receive a smaller disability benefit if they are still earning a salary. The core function of this clause is to prevent overlapping or excessive benefits and to ensure that compensation is appropriately aligned with the employee's current work status.
Active Employee Deduction. Any additional premium cost associated with including retirees shall be assessed to active employees through a separate payroll deduction. The annual amount of the deduction for employees shall be determined by dividing the total additional premium for including retirees in the health plan or plans (as determined by the health plans based on enrollment as of May 1 of the preceding year) by the number of employees enrolled in health insurance coverage on the same date. The pay period deduction shall be determined by dividing the annual amount by 19 pay period deductions.
Active Employee Deduction. Any additional premium cost associated with including retirees shall be assessed to active employees through a separate payroll deduction. The annual amount of the deduction for employees shall be determined by dividing the total additional premium for including retirees in the health plan or plans (as determined by the health plans based on enrollment as of May 1 of the preceding year) by the number of employees enrolled in health insurance coverage on the same date. The pay period deduction shall be determined by dividing the annual amount by 19 pay period deductions. For the 1992-93 school year, there will not be a payroll deduction (the health plans have determined that an additional premium charge is not required at this time).