Common use of Benefits for Employees Hired On or After Clause in Contracts

Benefits for Employees Hired On or After. March 1, 2004 (“New Hire”). The Trustees are authorized and directed to modify the New Hire Plan as described in Section 4 Paragraph (c) below. (1) New Hire employees shall be required to pay weekly premiums, deducted from their paychecks as a condition of participation in the plan as follows: employee only – seven dollars ($7.00) per week; employee plus children – ten dollars and fifty cents ($10.50) per week; and employee plus spouse with or without children – fifteen dollars ($15.00) per week. The employee premiums shall be collected in advance by the Employer and paid to the Benefit Fund coincident with the Employers' contribution obligation for hours worked in the month preceding the month in which the Benefit Fund provides coverage. Effective January 1, 2020, Employee premiums described above will be increased by $1.00 per week for each coverage level, as follows: employee only - eight dollars ($8.00) per week, employee plus children - eleven dollars and fifty cents ($11.50) per week, employee plus spouse, with or without children - sixteen dollars ($16.00). Such premiums shall be deducted from the paychecks of New Hire Employees without further authorization. The money generated by this $1.00 per week increase will be accounted for separately and used, if necessary, to maintain a 3.0 month reserve from March 6, 2022, through May 2022. Any money not used for this purpose may be used to maintain or increase the reserve or to make benefit improvements that both the co-consultants agree can be fully paid for by these additional employee premiums.

Benefits for Employees Hired On or After. March 1, 2004 (“New Hire”). The Trustees are authorized and directed to modify the New Hire Plan as described in Section 4 Paragraph (c) below. (1) New Hire employees shall be required to pay weekly premiums, deducted from their paychecks as a condition of participation in the plan as follows: employee only – seven dollars ($7.00) per week; employee plus children – ten dollars and fifty cents ($10.50) per week; and employee plus spouse with or without and/or children – fifteen dollars ($15.00) per week. The employee premiums shall be collected in advance by the Employer and paid to the Benefit Fund coincident with the Employers' contribution obligation for hours worked in the month preceding the month in which the Benefit Fund provides coverage. Effective January 1, 2020, Employee premiums described above will be increased by $1.00 per week for each coverage level, as follows: employee only - eight dollars ($8.00) per week, employee plus children - eleven dollars and fifty cents ($11.50) per week, employee plus spouse, with or without children - sixteen dollars ($16.00). Such premiums shall be deducted from the paychecks of New Hire Current Employees without further authorization. The money generated by this $1.00 per week increase will be accounted for separately and used, if necessary, to maintain a 3.0 month reserve from March 6, 2022, through May 2022. Any money not used for this purpose may be used to maintain or increase the reserve or to make benefit improvements that both the co-consultants agree can be fully paid for by these additional employee premiumscontributions.