BENEFITS and VOLUNTARY DEDUCTIONS HEALTH INSURANCE Sample Clauses

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 $10,000 life insurance policy A $10,000 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 InsuranceWhole Life InsuranceShort Term Disability Insurance  Cancer &Dread Disease Insurance  Critical Illness InsuranceAccident 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 personnel who leave ...
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Related to BENEFITS and VOLUNTARY DEDUCTIONS HEALTH INSURANCE

  • Workplace Safety Insurance Benefits (WSIB) Top Up Benefits If the employee is in a class of employees that, on August 31, 2012, was entitled to use unused sick leave credits for the purpose of topping up benefits received under the Workplace Safety and Insurance Act, 1997;

  • Retiree Health Benefits 1. There is currently in effect a retiree health benefit program for retired members of LACERS under LAAC Division 4, Chapter 11. All covered employees who are members of LACERS, regardless of retirement tier, shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits as provided by this program. The retiree health benefit available under this program is a vested benefit for all covered employees who make this contribution, including employees enrolled in LACERS Tier 3.

  • Health Insurance Benefits To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company’s current group health insurance policies, Executive will be eligible to continue Executive’s group health insurance benefits at Executive’s own expense. If Executive timely elects continued coverage under COBRA, the Company shall pay Executive’s COBRA premiums, and any applicable Company COBRA premiums, necessary to continue Executive’s then-current coverage for a period of 18 months after the date of Executive’s termination of employment; provided, however, that any such payments will cease if Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such premiums. Executive agrees to immediately notify the Company in writing of any such enrollment. Notwithstanding the foregoing, if the Company determines, in its sole discretion, that it cannot provide the foregoing benefit without potentially incurring financial costs or penalties under applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a taxable monthly amount to continue his group health insurance coverage in effect on the date of separation from service (which amount shall be based on the premium for the first month of COBRA coverage), which payments shall be made regardless of whether Executive elects COBRA continuation coverage and shall commence in the month following the month in which Executive incurs a separation from service and shall end on the earlier of (x) the date on which Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such amounts and (y) 18 months after the date of Executive’s separation from service.

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  • Retiree Health Insurance Retired members of the Department receiving, or to receive City of Lincoln monthly pension checks, may participate in the group comprehensive health care plan for active City employees, provided that each retiree so desiring will execute the required forms in a timely fashion, and further provided that each retiree will be required to pay the full monthly cost at the current rates subject to any rate increases which may occur from time to time. Such payment will be made by payroll deduction from pension checks, or by direct payment in the case of an early retiree.

  • Same Sex Benefit Coverage An employee who co-habits with a person of the same sex, and who promotes such person as a "spouse" (partner), and who has done so for a period of not less than twelve (12) months, will be eligible to have the person covered as a spouse for purposes of Medical, Extended Health, and Dental benefits.

  • Retirement Health Insurance Subd. 1. Benefit Eligibility for Employees who Retire Before Age 65

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

  • 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.

  • Job Benefits and Protection The District shall insure the following provisions:

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