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
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
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
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
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