Benefit Contributions. The school corporation will contribute three-quarters of one percent (.75%) of an eligible teacher’s base salary, including extended contract days, to the VEBA. Accordingly, stipend pay, extra-curricular assignments, summer school contract pay and other additional earnings are not part of the base salary used to determine the amount of the contributions. Contributions to the VEBA shall be forwarded at the end of each calendar month for deposit into the teacher’s self-directed individual account that has been established with the Board-selected vendor. The amount of this monthly contribution will be based on the employee’s base salary paid during the immediately preceding month.
Benefit Contributions. Unit members who have rendered at least ten (10) years of service to the District and who are at least fifty‐ five years (55) of age, but who do not contract with the District as an independent contractor (Article 8.1), and who do not opt to accept the benefit described under Article 8.2, are entitled to receive health and welfare contributions of up to three hundred forty‐seven ($347) dollars per month to be used for health costs per 8.3.1 and 8.3.2 including Medicare Part B at the age of 65, effective for unit members who retire on or after June 13, 2003, Such contributions will continue for a maximum of ten (10) years. Retirees who accept this benefit may pay the difference between fringe benefits received upon retirement and the amount necessary to cover those benefits they select. Once the District contributions expire, retirees can pay for medical, dental, and vision coverage at the group rate at their own expense.
Benefit Contributions. This letter reflects the discussions of the parties at the bargaining table regarding Benefit Contributions.
Benefit Contributions. For the period October 20220, through and including September 30, 20241, the District shall contribute up to the following tiered rate contribution caps to be used toward medical, vision and dental premiums Family $ 2142 Employee/Spouse $ 1497 Employee/Child $ 1332 Employee Only $ 692 For the period of October 1, 2021 through and including September 30, 2022, the ESD shall contribute up to the following tiered rate contribution caps to be used toward medical, vision, and dental premiums. Family $ 2003 Employee/Spouse $ 1400 Employee/Child $ 1241 Employee Only $ 000 Xxx Xxxxxxxx and the Association agree to jointly establish and participate in an insurance Committee for the purpose of examining ways in which insurance costs can be controlled for both parties.
Benefit Contributions. The employer agrees. That when the probationary employee has reached his five hundred (500) probationary hours and is hired on as a full union member, then this probationary employee will be entitled to receive retroactively the earned contributions to Health and Welfare Benefit Plan in the amount of three hundred and sixty hours (360), and his Pension contributions will be contributed in an on-going bases. These pension contributions will not be retroactive. The employer agrees to fully remit to Health and Welfare and Pension as well as all other Union contribution and deductions for this new member has completed his five Hundred hours (500) If the probationary employee does not reach the probationary five (500) working hours and is no longer employed by the employer, but then returns back to employment for this employer, the workers will be entitled to any hours he has accumulated from the employer bound to this agreement. This probationary employee’s hours will be held for a period of twelve (12) months from the initial date of hire by the employer. The employer will recognize that if a probationary employee has completed his probationary five hundred (500) hours and does not continue to work for this employer or refuses to join the Local Union, then the employer shall not re-hire this employee, and shall not employee this worker as a probationary employee for a period of twelve (12) months. At which time the employer must request from the Union to re-employee this probationary worker again as set out in Article 4.00and sub-articles
Benefit Contributions. The employer shall contribute to the local health and welfare plans and to the National Electrical Benefit Fund (NEBF) on behalf of all apprentices and unindentured. Contributions to other benefit plans may be addressed in other sections of this agreement.
Benefit Contributions. Effective the first contribution period after Ratification of this Agreement, the Employer shall commence contributing sixty-nine cents ($0.69) per hour worked to the Joint UFCW Health & Welfare Trust to provide eligible employees with the following benefits: Life Insurance Accidental Death & Dismemberment Extended Health Care Dental Care Employer contributions shall increase as follows: For 2010 to seventy cents ($0.70) For 2011 to seventy-five cents ($0.75) For 2012 to eighty cents ($0.80) For 2013 to eighty-five cents ($0.85) Initially, the benefits provided shall remain as currently in effect under the Trust, however, the Trustees shall have the authority to make changes. Employee contributions shall continue to be made on a monthly basis by eligible employees and shall be remitted to the Joint UFCW Health & Welfare Trust to provide employees with Weekly Indemnity and Long Term Disability benefits. The Trustees shall determine the amount of monthly contributions and the level of coverage. Eligible employees shall be provided with Medical Services Plan (MSP) benefits, paid for by the Employer.
Benefit Contributions. The Benefit Contributions for all the Founders for the first two years (defined in the Trust Deed as the Initial Benefit Contribution) is R1 420 000 000, which will be apportioned per Founder as set out in the Trust Deed. Benefits paid or payable to Eligible Claimants (after applying Benefit Modifiers) will be apportioned between the Founders according to the Eligible Claimants’ years of Risk Work during a Qualifying Period at a Qualifying Mine of each Founder as set out in Schedule F, as a proportion of the Eligible Claimants’ total years of Risk Work during a Qualifying Period at a Qualifying Mine for all the Founders (“Attributed Benefit Payments”). In the case of a Dependent Claimant, reference to “Eligible Claimant” shall be construed as a reference to the Deceased Individual for purpose of this paragraph. For each Founder a notional Benefit Account has to be accumulated, starting with the Initial Benefit Contributions received from the Founder, deducting that Founder’s Attributed Benefit Payments, and adding investment returns earned on the Benefit Account (net of tax and investment costs). The accumulation is to be done at monthly intervals. Prior to the end of each Annual Period (not less than 120 days), the Trust (in consultation with the Financial Consultant) has to estimate the balance in each Founder’s Benefit Account, allowing for: Expected Attributed Benefit Payments that will be paid or become payable after the month- end in 2.5.1 above, to the end of the Annual Period. This should include allowance for in- process claims, estimating the proportion of in-process claims that would become qualifying claims (per disease class) and estimating the proportion of these that may be allocated to the Founder (based on past experience); Expected Benefit Contributions that would be paid by the Founder after the month-end in
2.5.1 above, to the end of the Annual Period; Investment returns expected to be earned on the Benefit Account (net of tax and investment costs) until the end of the Annual Period. Prior to each year-end (the Trust Deed provides for not less than 120 days prior to the commencement of each Annual Period), starting at the end of year 2, the Trust (in consultation with the Financial Consultant) has to estimate the expected claims for the following Annual Period, per Founder. The following should be considered: The number of Settling Claimants that would be traced in the next year7; The claim rate (proportion of the Settling Claimants tha...
Benefit Contributions. The Employer shall make contributions to the Motion Picture Industry Pension and Health Plans, Retiree Health Plan, and the Individual Account Plan as provided for in the current IATSE Basic Agreement (including Article XII, Article XIII, Article XIIIA, and Article XXXIV(d)). Increase the "Basic Rate" of contributions as follows:
a. Effective October 31, 2021, increase contributions by forty cents ($0.40)
b. Effective October 30, 2022, increase contributions by forty cents ($0.40)
c. Effective October 29, 2023, increase contributions by forty cents ($0.40) The increase in contributions shall be on a per-hour basis for each hour worked by or guaranteed an employee throughout the term of the Agreement. Upon ratification of the Agreement, any applicable increase in benefit contributions shall be retroactive to the commencement date of the Agreement.
Benefit Contributions. The Board will contribute one percent (1 %) of an eligible bargaining unit member's base salary, including extended contract days, to the VEBA. Accordingly, stipend pay, extra-curricular assignments, summer school contract pay and other additional earnings are not part of the base salary used to determine the amount of the contributions. Contributions to the VEBA shall be forwarded at the end of each calendar month for deposit into the bargaining unit member's self-directed individual account that has been established with the Board-selected vendor. The amount of this monthly contribution will be based on the employee's base salary paid during the immediately preceding month.
