Benefits and Voluntary Deductions Sample Clauses

Benefits and Voluntary Deductions. VIII. COMPENSATION
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Benefits and Voluntary Deductions. HEALTH INSURANCE Each teacher who participates in the district’s health insurance plan shall receive the full cost of the HealthChoice High monthly premium regardless of which plan is chosen. If the chosen plan is higher than HealthChoice High. The teacher will pay the difference in premium. If it is less, the teacher will receive the difference in their regular check. Each teacher who does not participate in the district’s health insurance plan shall receive the monthly sum of sixty-one dollars and seventy-one cents ($69.71) in lieu of the monthly premium amounts, as per state law. (If state law changes the amount will change accordingly.) DENTAL AND VISION INSURANCE • 1/2 of the employees’ dental premium, if elected • 1/2 of the employees’ vision premium, if elected The Board will continue to pay one-half (1/2) of the members’ premium for dental and vision insurances. • A $15,000 life insurance policy A $15,000 life insurance policy is provided to all contracted employees, subject to benefit reduction at age 70 (65% paid) and again at age 75 (50% paid), as per the industry standard. • Teacher’s retirement on additional monies, i.e., Extra Duty, stipends, overtime, etc. While Teacher’s Retirement is considered by the state of Oklahoma to be part of the state minimum salary, it shall be separated and paid as a benefit to the contracted teacher, thereby allowing retirement to be paid on the retirement “benefit”. As well, the school shall pay retirement on true fringe benefits and on any additional monies paid to our employees eligible for said benefit as per state of Oklahoma and TRS of OK regulations, which exclude bonuses, pay for sick leave, professional dues, etc. CAFETERIA PLAN Teachers may direct compensation via payroll deduction to programs available in the section 125 Cafeteria Plan. These options currently include: • Group-term Life Insurance • Whole Life Insurance • Short Term Disability Insurance • Cancer &Dread Disease Insurance • Critical Illness Insurance • Accident Insurance • Unreimbursed Medical ANNUITIES Employees are eligible to participate in a 403(b) or 457(b) annuity plan if they so choose. 401(a) MATCHING FUNDS Xxxxxxxxx Public Schools will match funds deposited by certified personnel into a payroll deducted 401a account up to a maximum of twenty-five (25) dollars per month. This is an optional program for certified personnel. There will be a three (3) year vesting period for certified personnel enrolled in the program. Certified per...
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Related to Benefits and Voluntary Deductions

  • Voluntary Deductions A. The Employer agrees to deduct from the wages of any employee who is a member of the Union a DRIVE and/or a Teamsters Legal Defense Fund deduction as provided for in a written authorization. Such authorization must be executed by the employee and may be revoked by the employee at any time by giving written notice to both the Employer and the Union. The beginning and/or termination of this deduction will coincide with the payroll cycle. The Employer agrees to remit any deductions made pursuant to this provision to the Union together with a report showing:

  • BENEFITS AND DEDUCTIONS If the Provider is an individual, the Provider understands and agrees that he/she is an independent contractor for whom no Federal or State Income Tax will be deducted by the Department, and for whom no retirement benefits, survivor benefit insurance, group life insurance, vacation and sick leave, and similar benefits available to State employees will accrue. The Provider further understands that annual information returns, as required by the Internal Revenue Code or State of Maine Income Tax Law, will be filed by the State Controller with the Internal Revenue Service and the State of Maine Bureau of Revenue Services, copies of which will be furnished to the Provider for his/her Income Tax records.

  • Voluntary employee contributions (i) Subject to the governing rules of the relevant superannuation fund, an employee may, in writing, authorise their employer to pay on behalf of the employee a specified amount from the post- taxation wages of the employee into the same superannuation fund as the employer makes the superannuation contributions provided for in Clause 24(b).

  • Voluntary Part-time Benefits If the local parties agree, the Hospital will provide part-time employees with the option of voluntary participation in any and all of the group health and welfare benefit programs set out in Article 18.01. It is understood and agreed that the part-time employees would pay the Employer the full amount of the monthly premiums, in advance. NOTE: Part-time voluntary benefits are not arbitrable in local negotiations. FOR THE HOSPITALS FOR THE UNION

  • Salary Deductions Salaried employees (E-level classifications) who are permanently assigned to full-time job classifications are paid on a bi-weekly salary basis. Salaried employees are paid a bi-weekly salary based on a minimum of two (2) forty (40) hour workweeks. The bi-weekly salary received by salaried employees will not be reduced regardless of the number of hours the salaried employee actually works in any week in which the salaried employee performs any work except for the following deductions:

  • Voluntary Demotion or Voluntary Reduction in Hours An employee has a right to his regularly assigned time, and shall not have it involuntarily reduced. Employees who take voluntary demotions or voluntary reductions in assigned time in lieu of layoff shall be, at the employee’s option, returned to a position in their former class or to present former positions with increased assigned time as vacancies become available, for a period of five (5) years and three (3) months, except that they shall be ranked in accordance with their seniority on any valid reemployment list.

  • Benefits on Layoff (The following clause is applicable to full-time employees only) In the event of a lay-off of a full-time employee the Hospital shall pay its share of insured benefits premium up to three (3) months from the end of the month in which the lay-off occurs or until the laid off employee is employed elsewhere, whichever occurs first.

  • Voluntary Demotions For purposes of this Section, the term Aopening@ shall apply to any permanent vacancy in a classification. An employee may vacate from his current classification once per year given there is an opening and the employee is qualified to perform in the lower classification to which the employee has requested a demotion. The Department will assign voluntarily demoted employees beginning with the next employee pay cycle. Employees will have thirty (30) days to certify for position openings. No employee shall be displaced from the Department through a voluntary demotion. Employees who voluntarily demote to a lower classification will be placed in the new payline for the lower classification based on their years of service in the lower classification. Employees that voluntarily demote to the classification of Firefighter will receive credit for total time spent in the Department when being placed on that payline.

  • Employer Compensation Upon Separation An Employee, upon her separation from employment, shall compensate the Employer for vacation which was taken but to which she was not entitled.

  • Vacation Leave Credits for Severance Pay Where the employee requests, the Employer shall grant the employee’s unused vacation leave credits prior to termination of employment if this will enable the employee, for purposes of severance pay, to complete the first (1st) year of continuous employment in the case of lay-off.

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