April 30, 2021 Opt-Out Sample Clauses

April 30, 2021 Opt-Out. The four sworn FOP members enrolled in the current opt-out waiver for medical insurance on April 30, 2021 will continue as follows: The eligible employee would be eligible to receive a payment equal to 25% of the monthly premium charged by the insurance company for medical insurance levels for which the employee would qualify, if the employee elected coverage under the Township health insurance. The eligible employee must also complete a Verification of Alternate Medical and Prescription Coverage Form annually. The employee must provide proof of the medical insurance by the 1st of each month. Monthly proof of insurance may be provided by evidence of a current payroll stub showing the deduction for the premium for health insurance or a verification form the other employer on letter head. Either form of proof must be provided to the Fiscal Officer by the 1st of each month. Eligible employees selecting the waiver will receive their taxable incentive in the 2nd full pay period of each month.
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