BENEFIT BANK. Employees are provided with a Benefit Bank for the purchase of medical, dental and/or vision insurance for themselves and their eligible dependents. The Benefit Bank for the term of this agreement is as follows: v December 1, 2019: $1,445 per month (increase of $50 per month) v December 1, 2020: $1,495 per month (increase of $50 per month) v December 1, 2021: $1,545 per month (increase of $50 per month) v December 1, 2022: $1,595 per month (increase of $50 per month) Unused portions of the Benefit Bank, up to a maximum of $1,195 per month, may be deposited in the employee’s deferred compensation account and/or paid out in the employee’s regular paychecks as earned. Effective July 1, 2019, in compliance with IRS Code Section 125, contributions to the employee’s deferred compensation account from unused portions of the Benefit Bank will be considered an employee contribution rather than an employer contribution. For employees hired after the date of approval of this MOU, the unused portion maximum will be limited to $600. The benefit bank allowance will be included in calculating the regular rate of pay for the purpose of determining the overtime rate of pay.
BENEFIT BANK. Employees are provided with a Benefit Bank for the purchase of medical, dental and/or vision insurance for themselves and their eligible dependents. The Benefit Bank for the term of this agreement is as follows: v December, 2019: $1,565 per month (increase of $50 per month) v December, 2020: $1,615 per month (increase of $50 per month) Effective July 1, 2015, unused portions of the Benefit Bank, up to a maximum of $1,315 per month, may be deposited in the employee’s deferred compensation account and/or paid out in the employee’s regular paychecks as earned. Effective July 1, 2019, in compliance with IRS Code Section 125, contributions to the employee’s deferred compensation account from unused portions of the Benefit Bank will be considered an employee contribution rather than an employer contribution. For employees hired after the date of approval of this MOU, the unused portion maximum will be limited to $600. Effective November 22, 2015, the benefit bank allowance will be included in calculating the regular rate of pay for the purpose of determining the overtime rate of pay.
BENEFIT BANK. Employees are provided with a Benefit Bank for the purchase of medical, dental and/or vision insurance for themselves and their eligible dependents. The Benefit Bank total will be equal to the premium cost of HMO medical (at the rate equal to Xxxxxx), dental and vision coverage for family coverage. Benefit bank change will become effective December 1, 2023. The Benefit Bank amount will be adjusted when new rates become effective December 1, 2024. Unused portions of the Benefit Bank will be paid out in the employee's regular paychecks as earned. See also Regular Rate of Pay Section in this MOU.
BENEFIT BANK. All employees eligible to enroll in the City’s CalPERS medical program under the California Public Employees’ Medical and Hospital Care Act (“PEMCHA”) and who do enroll, shall receive a contribution by the City toward the premium for the plan chosen equal to the PEMCHA minimum set annually by CalPERS. The c a f e t e r i a benefit bank allowance is: Employee Group Tier I hired before 7/1/09 Tier II hired on or after 7/1/09 Tier III hired on or after 9/30/11 Professional/Administrative Management $14,229 $12,600 $9,450 Division Management $14,229 $12,600 $9,450 Part-time $5,768 $5,100 $3,825 These amounts include the PEMHCA minimum contribution. The City will continue to provide an additional monthly contribution for employees enrolled in family medical coverage: Tier I and Tier II benefit employees $200 per month Tier III benefit employees $150 per month Career part-time employees $ 60 pe r m o nt h Employees eligible for benefits are required to purchase medical coverage or provide proof of other medical coverage. All employees must purchase vision coverage.
BENEFIT BANK. Employees are provided with a Benefit Bank for the purchase of medical, dental and/or vision insurance for themselves and their eligible dependents. The Benefit Bank for the term of this agreement is as follows: ▪ December 2021: $1,665 per month ($50 increase per month) ▪ December 2022: $1,715 per month ($50 increase per month) Effective July 1, 2015, unused portions of the Benefit Bank, up to a maximum of $1,315 per month, will be paid out as taxable income in the employee’s regular paycheck as earned. For employees hired after September 3, 2019, the maximum unused portion will be limited to $600. Any employee opting out of health coverage will be required to submit an affidavit attesting that he/she has other qualifying group health coverage; failure to provide this supporting documentation to Human Resources may result in a loss or cancellation of benefit bank funds. Effective November 22, 2015, the benefit bank allowance will be included in calculating the regular rate of pay for the purpose of determining the overtime rate of pay.
BENEFIT BANK. All employees eligible to enroll in the City's CalPERS medical program under the California Public Employees' Medical and Hospital Care Act ("PEMCHA") and who do enroll, shall receive a contribution by the City toward the premium for the plan chosen equal to the PEMCHA minimum set annually by CalPERS. The cafeteria benefit bank monthly contributions are: Tier I hired before 7/1/09 Tier II hired on or after 7/1/09 Tier III/IV hired on or after 9/30/11 Tier V** hired on or after 7/1/17 Full time non- exempt $1,185.75 $1050.00 $787.50 $787.50 Part time non- exempt $ 480.66 $ 425.00 $318.75 $318.75 XXX & DM $1,185.75 $1050.00 $787.50 $787.50 Part time XXX $ 480.66 $ 425.00 $318.75 $318.75 These amounts include the PEMHCA minimum contribution. The City will continue to provide an additional monthly contribution for employees enrolled in family medical coverage: Tier I & II $170 per month $240 per month $440 per month Tier III, IV & V $170 per month $340 per month $620 per month Part-time $80 per month $120 per month $142 per month **Tier V employees receive the same maximum benefit amounts as those provided for employees in Tier Ill/lV; however, enrollment in a City sponsored health plan is required to receive any City contributions. The City will not contribute any amount in excess of an employee's actual enrollment cost, if that cost is less than the City's maximum contribution. No cash back (cash or deferred compensation) if enrollment costs are less than the City's maximum contribution as defined in the Cafeteria Benefits Plan schedule. Employees eligible for benefits are required to purchase medical coverage or provide proof of other medical coverage.
BENEFIT BANK. All employees eligible to enroll in the City's CalPERS medical program under the California Public Employees' Medical and Hospital Care Act ("PEMCHA") and who do enroll, shall receive a contribution by the City toward the premium for the plan chosen equal to the PEMCHA minimum set annually by CalPERS. The cafeteria benefit bank monthly contributions are: Tier I hired before 7/1/09 Tier II hired on or after 7/1/09 Tier Ill/IV hired on or after 9/30/11 Tier V** hired on or after 7/1/17 XXX & DM $1,185.75 $1050.00 $787.50 $787.50 Part time XXX $ 480.66 $ 425.00 $318.75 $318.75 These amounts include the PEMHCA minimum contribution. The City will continue to provide an additional monthly contribution for employees enrolled in medical coverage: Employee Coverage Employee +1 Coverage Family Coverage Tier I & II $170 per month $240 per month $440 per month Tier III, IV & V $170 per month $340 per month $620 per month Part-time $80 per month $120 per month $142 per month **Tier V employees receive the same maximum benefit amounts as those provided for employees in Tier Ill/IV; However, enrollment in a City sponsored health plan is required to receive any City contributions. The City will not contribute any amount in excess of an employee's actual enrollment cost, if that cost is less than the City's maximum contribution. No cash back (cash or deferred compensation) if enrollment costs are less than the City's maximum contribution as defined in the Cafeteria Benefits Plan schedule. Employees eligible for benefits are required to purchase medical coverage or provide proof of other medical coverage.
BENEFIT BANK. The Board shall contribute the following amounts into the Benefit 19 Bank for each employee who is eligible for Board-Provided Benefits: 20
21 a. $6,372 for the period March, 2007, through February, 2008 (for Benefit Plan Year 22 April, 2007, through March 2008);
23 b. $6,372 for the period March, 2008, through February, 2009 (for Benefit Plan Year 24 April, 2008, through March, 2009);
25 c. $6,372 for the period March, 2009, through February, 2010 (for Benefit Plan Year 26 April, 2009, through March, 2010) 28 The parties agree to reopen Benefit Bank discussions in spring, 2008, to address 29 changes/implementation for the April, 2009, through March, 2010, Benefit Plan Year. 31 Benefit Bank dollars are to be utilized by employees to purchase their own major medical health 32 insurance first and, when their election permits, the following voluntary benefits:
34 a. Dependent major medical insurance 35 b. Dental insurance 36 c. Vision insurance 37 d. Cancer insurance 38 39 The total Board contribution for the benefits listed above shall not exceed the Benefit Bank 40 amount. Regardless of the benefits elected, the employee shall not receive cash from the Benefit 41 Bank.
BENEFIT BANK. Employees are provided with a Benefit Bank for the purchase of medical, dental and/or vision insurance for themselves and their eligible dependents. The Benefit Bank for the term of this agreement is as follows: ▪ December 1, 2021: $1,545 per month (increase of $50 per month) ▪ December 1, 2022: $1,595 per month (increase of $50 per month) Effective July 1, 2019, in compliance with IRS Code Section 125, unused portions of the Benefit Bank, up to a maximum of $1,195 per month, will be paid out in the employee’s regular paycheck as earned. C. For employees hired after September 3, 2019, the unused portion maximum will be limited to $600 per month. Any employee waiving health coverage is required to submit an affidavit attesting that he/she has qualifying group health coverage elsewhere; failure to provide this supporting documentation to Human Resources can result in a loss of any excess benefit bank funds being dispersed. Effective November 22, 2015, the benefit bank allowance will be included in calculating the regular rate of pay for the purpose of determining the overtime rate of pay. Overtime payments will continue to be made every other pay period.
BENEFIT BANK. Reference Employee Benefits Flyer. Employees eligible for benefits are required to purchase medical coverage or provide proof of other medical coverage. All employees eligible to enroll in the City’s CalPERS medical program under the California Public Employees’ Medical and Hospital Care Act (“PEMCHA”) and who do enroll, shall receive a contribution by the City toward the premium for the plan chosen equal to the PEMCHA minimum set annually by CalPERS. The cafeteria benefit bank monthly contributions are: Tier I hired before 7/1/09 Tier II hired on or after 7/1/09 Tier III/IV hired on or after 9/30/11 Tier V** hired on or after 7/1/17 Full time non- exempt $1,185.75 $1,050.00 $787.50 $787.50 Part time non- exempt $ 480.66 $ 425.00 $318.75 $318.75 These amounts include the PEMHCA minimum contribution. Additional City contributions for employees enrolled in medical coverage are as follows: Employee Coverage Employee +1 Coverage Family Coverage Tier I & II $170 per month $240 per month $440 per month Tier III, IV & V $170 per month $340 per month $620 per month Part-time $80 per month $120 per month $142 per month **Tier V employees receive the same maximum benefit amounts as those provided for employees in Tier III/IV; However, enrollment in a City sponsored health plan is required to receive any City contributions. The City will not contribute any amount in excess of an employee’s actual enrollment cost, if that cost is less than the City’s maximum contribution. No cash back (cash or deferred compensation) if enrollment costs are less than the City’s maximum contribution as defined in the Cafeteria Benefits Plan schedule. Dental benefits are available through Delta Dental for the employee and eligible dependents. The City contracts with Delta Dental and offers the choice of two dental plans.
