Common use of Benefit Plans' Surplus Fund Clause in Contracts

Benefit Plans' Surplus Fund. A) The parties agree to establish a Benefit Plan Surplus Fund attached to the Dental Plan enhancements and the Extended Health Care Plan to be administered by the Joint Board of Trustees and funded at an annual rate of 0.47% of straight time annual payroll; B) The intent of the fund is to offset cost increases of the benefit plans.

Appears in 6 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

AutoNDA by SimpleDocs

Benefit Plans' Surplus Fund. Aa) The parties agree to establish a Benefit Plan Surplus Fund attached to the Dental Plan enhancements and the Extended Health Care Plan to be administered by the Joint Board of Trustees and funded by the employer at an annual rate of 0.470.82% of straight time annual payroll;. Bb) The intent of the fund is to offset cost increases of within the benefit plansfinancial resources set out in 20.05 a).

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Benefit Plans' Surplus Fund. Aa) The parties agree to establish a Benefit Plan Surplus Fund attached to the Dental Plan enhancements and the Extended Health Care and Wellness Plan to be administered by the Joint Board of Trustees and funded at an annual rate of 0.47% of straight time annual payroll;Trustees. Bb) The intent of the fund is to offset cost increases of increases, and/or enhance the benefit planstwo (2) Plans under Article 20.3 and 20.4 within the financial resources set out in Article 20.5 (a).

Appears in 1 contract

Samples: Collective Agreement

Benefit Plans' Surplus Fund. A) The parties agree to establish a Benefit Plan Surplus Fund attached to the Dental Plan enhancements and the Extended Health Care and Wellness Plan to be administered by the Joint Board of Trustees and funded at an annual rate of 0.47% of straight time annual payroll; B) The intent of the fund is to offset cost increases of the benefit plansTrustees.

Appears in 1 contract

Samples: Collective Agreement

Benefit Plans' Surplus Fund. A) The parties agree to establish a Benefit Plan Surplus Fund attached to the Dental Plan enhancements and the Extended Health Care Plan to be administered by the Joint Board of Trustees and funded as follows: 1. at an annual rate of 0.47% of straight time annual payroll; 2. a one-time lump sum payment of three and one-half million dollars ($3,500,000) diverted from retroactive pay. B) The intent of the fund is to offset cost increases of the benefit plans.

Appears in 1 contract

Samples: Collective Bargaining Agreement

AutoNDA by SimpleDocs

Benefit Plans' Surplus Fund. Aa) The parties agree to establish a Benefit Plan Surplus Fund attached to the Dental Plan enhancements and the Extended Health Care Plan to be administered by the Joint Board of Trustees and funded by the employer at an annual rate of 0.470.82% of straight time annual payroll;. Bb) The intent of the fund is to offset cost increases of within the benefit plansfinancial resources set out in 18.05 a).

Appears in 1 contract

Samples: Union Management Agreement

Benefit Plans' Surplus Fund. Aβ€Œ a) The parties agree to establish a Benefit Plan Surplus Fund attached to the Dental Plan enhancements and the Extended Health Care Plan to be administered by the Joint Board of Trustees and funded by the employer at an annual rate of 0.470.82% of straight time annual payroll;. Bb) The intent of the fund is to offset cost increases of within the benefit plansfinancial resources set out in 20.05 a).

Appears in 1 contract

Samples: Union Management Agreement

Benefit Plans' Surplus Fund. Aβ€Œ a) The parties agree to establish a Benefit Plan Surplus Fund attached to the Dental Plan enhancements and the Extended Health Care and Wellness Plan to be administered by the Joint Board of Trustees and funded at an annual rate of 0.47% of straight time annual payroll;Trustees. Bb) The intent of the fund is to offset cost increases of increases, and/or enhance the benefit planstwo (2) Plans under Article 20.3 and 20.4 within the financial resources set out in Article 20.5 (a).

Appears in 1 contract

Samples: Collective Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!