Benefit and Insurance Plan a. The Company will implement a group insurance benefit plan in accordance with Schedule “B”. This benefit plan will be subject to all applicable terms and provisions set out in the contract of insurance.
Benefit and Insurance Plan. The Company agrees to maintain the level of, and the ratio of Company/employee contribution to the various benefit and insurance plans including Life, Accidental Death & Dismemberment, Short & Long Term Disability, Extended Health & Dental, except as may be mutually agreed to between the Company and the National Union. The Company further agrees to provide a summary of benefit and insurance plans to all employees and the National Union, and will provide complete master policies to the National Union. To be eligible, an employee must have completed 4 months of employment and have worked a minimum of 320 hours for 8 complete pay periods during the 4 months preceding one of the following periods of reference: (March, April, May, June) Benefits covered for ( Aug., Sept., Oct., Nov.) (July, August, September, October) Benefits covered for ( Dec., Jan., Feb., Mar.) (Nov, Dec, January, February) Benefits covered for (Apr., May, June, Jul.) Benefit coverage shall be continuous provided an employee meets the requirements mentioned above. For the purposes of calculating an employee’s eligibility for Group Insurance, the Company will exclude periods during which employees are in lay-off status for a maximum of four consecutive months of lay-off.
Benefit and Insurance Plan. The Company agrees to maintain the level of, and the ratio of Company/employee contribution to the various benefit and insurance plans including Life, Accidental Death & Dismemberment, short & Long Term Disability, Extended health & Dental, except as may be mutually agreed to between the Company and the Union. The Company further agrees to provide a summary of benefit and insurance plans to all employees and the Union. To be eligible, an employee must have completed 4 months of employment and have worked a minimum of 320 hours for 8 complete pay periods during the 4 months preceding one of the following periods of reference: (March, April, May, June) Benefits covered for August, Sept., Oct., Nov. (July, August, September, October) Benefits covered for Dec., Jan., Feb., Mar. (Nov., Dec., January, February) Benefits covered for Apr., May, June, July Benefit coverage shall be continuous provided an employee meets the requirements mentioned above. Premium Split - If the employee has chosen the core option coverage, the insurance premium is 100% employer paid for the employee. For the employee’s dependent it is 50% employer paid; - If the employee has chosen the coverage option 1 or 2 the insurance premium is 100% employee paid. There shall be a cap of one hundred and fifty dollars ($150.00) per month that an employee shall contribute as a premium for family coverage. The Company shall reimburse any employee for any premium that an employee has paid in excess of the one hundred and fifty dollars ($150.00). This payment will be made at the end of each year. The Company accepts the latest union proposal to maintain the current benefit plan and proposes to introduce a letter of understanding advising that both parties will meet following the ratification to discuss the benefits coverage.
Benefit and Insurance Plan. The Company agrees to maintain the level of, and the ratio of contribution to the various benefit and insurance plans including Life, Accidental Death Dismemberment, short Long Term Disability, Extended health Dental, except as may be mutually agreed to between the Company and the Union. The Company agrees to provide a summary of benefit and insurance plans to all employees and the Union. To be eligible, an employee must have completed months of employment and have worked a minimum of hours for complete pay periods during the preceding one of the following periods of reference: (March, April, May, June) Benefits covered for August, Sept., Oct., Nov. (July, August, September, October) Benefits covered for Dec., Jan., Feb., Mar. (Nov., Dec., January, February) Benefits covered for Apr., May, June, July Benefit coverage shall be continuous provided an employee meets the requirements mentioned above. Premium Split If the employee has chosen the core option coverage, the insurance premium is employer paid for the employee. For the employee’s dependant it is employer paid; If the employee has chose the coverage option or the insurance premium is employee paid.
