Benefits Trust Fund. Purpose The Employer will transfer three million and two hundred thousand dollars ($3,200,000) in total for Units B, C & D to the Benefits Trust Fund. The Union agrees that the funds which are made available by the Board will be used only for the purposes of providing health and/or welfare benefits and for other benevolent purposes on behalf of the members of Local 4400 and will not be used to fund any of the benefits provided under this Collective Agreement. The Union will establish a trust fund or other mechanism as may be necessary for the purpose of administering this fund and establishing the terms and conditions under which such payments may be provided. It is understood that the funds will not be expended for political or other such related purposes or activities or to fund grievances under the Collective Agreement.
Benefits Trust Fund. The Association will administer a Benefits Trust Fund for the purpose of providing dental coverage, life insurance, disability insurance and other benefits. The Southern Westchester BOCES shall contribute the following per capita amounts as follows: 2022-23 $1,550 2023-24 $1,550 2024-25 $1,750 These amounts shall be paid by BOCES to the Fund according to the following schedule in each year noted above. July 1 October 1 January 1 March 1 Effective July 1, 2005, the BTA shall provide the District with a certified audit of the plan by December 31st of each year for the prior fiscal year. Effective July 1, 2004, the BTA agrees to provide the BOCES with at least one hundred (100) copies annually of the current schedule of benefits as then in effect by May 1st. The BOCES shall have no obligation to the BTA, the Benefit Trust and/or members of the bargaining unit other than to transmit payments provided herein. The BTA and the Trust shall hold harmless the BOCES Board, its officers and/or employees with regard to any claims made related to the Benefit Trust and/or benefits provided thereunder so long as the payments are transmitted by the BOCES as provided for herein.
Benefits Trust Fund. The Employer agrees that during the course of this Collective Agreement, it will study the terms and conditions of the SEIU Locals 1 & 2 Benefit Trust Fund and will meet with Global Benefits representatives in this regard. It is understood that this letter of understanding does not obligate the Employer to participate in the Benefit Trust Fund unless an agreement is reached between the parties to that effect. SIGNED AND DATED AT THIS DAY OF 2009. FOR THE UNION FOR THE EMPLOYER Filename: May 12 09-#533 Cheshire DRAFT exp Mar 31 12 remove bold prepare for signing (2).doc Directory: C:\Documents and Settings\karanni\Local Settings\Temporary Internet Files\OLK8 Template: C:\Documents and Settings\Karanni\Application Data\Microsoft\Templates\Xxxxxx.xxx Title: FILE NO Subject: Author: xxxxx Keywords: Comments: Creation Date: 11/18/2011 9:14:00 AM Change Number: 2 Last Saved On: 11/18/2011 9:14:00 AM Last Saved By: hugheshe Total Editing Time: 2 Minutes Last Printed On: 01/10/2012 1:48:00 PM As of Last Complete Printing Number of Pages:25
Benefits Trust Fund. The Union agrees that the funds which are made available by the Employer will be used only for the purposes of providing health and/or welfare benefits and for other benevolent purposes on behalf of Permanent Employees and Temporary Employees who do not receive ICI rates of pay, and will not be used to fund any of the benefits provided under this Collective Agreement. The Union will establish a Trust Fund or other mechanism as may be necessary for the purpose of administering this Fund and establishing the terms and conditions under which such payments may be provided. It is understood that the funds will not be expended for political or other such related purposes or activities including administrative costs (excluding costs to set up the Fund and ongoing accounting fees) or to fund grievances under this Collective Agreement.
