Benefit Credits. The Sponsors shall credit the HRA Account of each Participant with a Benefit Credit in the amount of $1800 on the first day of each Plan Year. The Benefit Credit to be made on behalf of a Participant who is an Eligible Dependent shall be made to the combined HRA Account of the Eligible Dependent and his or her Eligible Retiree. Upon request, the Plan Administrator may establish a separate HRA Account for the Eligible Dependent of an Eligible Retiree. No earnings shall be credited at any time with respect to any HRA Account.
Benefit Credits. The district will give each administrator a specified amount of benefit credits for each category of benefit plans within the flexible benefits program. The amount of credits each administrator receives will be based upon his/her family status and percent of time worked. The administrator will use these credits to “buy” the plans that best meet his/her individual needs.
Benefit Credits. Effective for payments on and after September 1, 2011, the parties will amend Section 4. 1 of the Retirement Plan to provide the following Benefit Credits for the indicated Credited Seasons: Credited Season il Plan Year Benefit Credit Before 1982 $ 250 1982 through 1992 $ 255 1993 and 1994 $ 265 1995 and 1996 $ 315 1997 $ 365 1998 through 2011 $ 470 2012 through 2014 $ 560 2015 through 2017 $ 660 2018 through 2020 $ 760 Benefits for affected players in pay status shall be proportionately increased based on the new and prior Benefit Credits.
Benefit Credits. The Company shall credit HRA Accounts of Participants with the Benefit Credits specified in Section 1.10 at the time or times specified in Section 1.13. If the Plan Sponsor has elected a separate account structure under Section 1.12, the Benefit Credit to be made on behalf of a Participant who is an Eligible Dependent shall be made to such Participant’s separate HRA Account. No earnings shall be credited at any time with respect to any HRA Account.
Benefit Credits. The Sponsors shall credit the HRA Account of each Participant with a Benefit Credit in the amount of $1800 on the first day of each Plan Year. The Benefit
Benefit Credits. The district will give each administrator a specified amount of benefit credits for each category of benefit plans within the flexible benefits program. The amount of credits each administrator receives will be based upon his/her family status and percent of time worked. The administrator will use these credits to “buy” the plans that best meet his/her individual needs. Full time administrators will receive an amount of benefit credits resulting in the following outcomes: • Ninety percent of the premium cost of the Blue Cross Community Blue PPO Plan 2 with $5/25 prescription coverage. • Full time administrators whose status is family or two-person and who choose to waive any medical plan participation will receive $2,200 per year for doing so. • Administrators whose family status is single and who choose to waive any medical plan participation will receive $1,100 per year for doing so. The stipend paid for waiving medical plan participation will be prorated for administrators who are not employed for the full school year or whose assignments are less than full time. Part time administrators will receive benefit credits proportionate to their assignments. For example: a half time administrator will receive 50% of the benefit credits indicated above.
Benefit Credits. The district will give each employee a specified amount of benefit credits for each category of benefit plans within the flexible benefits program. The amount of credits each employee receives will be based upon his/her family status and percent of effort. The employee will use these credits to “buy” the plans that best meet his/her individual needs.
Benefit Credits. The district will give each employee a specified amount of benefit credits for each category of benefit plans within the flexible benefits program. The amount of credits each employee receives will be based upon his/her family status and percent of effort. The employee will use these credits to “buy” the plans that best meet his/her individual needs. B.16 Deleted B.17 Deleted B.18 Full time employees whose status is family or two-person and who choose to waive any medical plan participation will receive $2,200 per year for doing so. Employees whose family status is single and who choose to waive any medical plan participation will receive $1,100 per year for doing so. The stipend paid for waiving medical plan participation will be prorated for employees who are not employed for the full school year.
