Cash in Lieu of Benefits. 25.1 Upon completion of the probationary period or after two years of continuous service whichever first occurs, employees shall receive 12% added on to their hourly rate for all paid hours in lieu of the following benefits:
(i) Dental Insurance
(ii) Long Term Disability Insurance
(iii) Life Insurance
(iv) Extended Health Care Insurance
(v) Vision Care Insurance
(vi) Semi-Private Hospitalization Coverage
Cash in Lieu of Benefits. If any benefit plan pursuant to which Employee is entitled to receive benefits pursuant to Section 7 shall by its terms does not permit participation by Employee following a Termination, then Employer shall pay to Employee at the time such benefits would have been paid the value thereof in cash.
Cash in Lieu of Benefits. Employees who are eligible for insurance can choose to take cash-in-lieu of benefits of $350. The above amount will be prorated with same percentage as employees who are eligible for partial benefits as stated below in section 17.8.
Cash in Lieu of Benefits. Executive, in his or her discretion may elect not participate in one or more of the Company’s benefit schemes or accept on or more of the benefits contemplated hereby. In such even, Executive, be entitled to receive, as additional compensation, the cost to the company of any such foregone benefits, to the extent such costs are determinable by the Company without unreasonable effort or expense.
Cash in Lieu of Benefits. Employees who demonstrate alternate medical plan coverage may elect cash equal to eighty per cent (80%) of the premium established each July 1st for Kaiser employees only. Employees who wish to exercise this option must notify the benefits office thirty (30) days prior to discontinuance of coverage. Employees who wish to reactivate health coverage may do so during open enrollment only. Upon death or disability of a spouse or domestic partner, an employee receiving in lieu benefits may re-enroll in the District’s health plan.
Cash in Lieu of Benefits. Executive’s right to receive (I) tax-qualified retirement and savings and (II) health benefits under this Agreement is subject to the terms of the applicable plans and satisfying all applicable tax-qualification, nondiscrimination, and similar requirements. In lieu of any benefit that the Company determines may not be provided by reason of the immediately preceding sentence, the Company shall pay to Executive cash as follows:
(i) In lieu of tax-qualified retirement and savings benefits that the Company determines may not be provided, the Company shall pay to Executive an amount equal to the Company-provided contributions or benefit accruals that would have otherwise accumulated under the applicable retirement or savings plan if not for the Company’s determination. Such amount shall not include any payment with respect to any lost opportunity to make pre-tax or after-tax deferrals or contributions. However, the amount of any matching contribution that Executive would otherwise have been entitled to receive shall be calculated based on the assumption that Executive would have deferred or contributed the amount required to be eligible for the maximum matching contribution payable for the applicable period. Subject to the Six-Month Delay Rule described in subsection c, above, such amount shall be paid within thirty (30) days after the end of the period for which such retirement or savings benefits would otherwise have been provided.
(ii) In lieu of health benefits that the Company determines may not be provided, the Company shall pay to Executive the amount described in this Section 7.g(ii) for each applicable month for which Executive would otherwise be entitled to health benefits. The amount for each month shall be equal to 167 percent of the excess of (A) the COBRA premium for the applicable coverage under the Company’s plan for such month (without regard to whether Executive is eligible for COBRA coverage) over (B) the premium that an active senior executive of the Company would be required to pay for such coverage under the Company’s plan for such month. Subject to the Six-Month Delay Rule described in subsection c, above, such amount shall be paid monthly in arrears.
Cash in Lieu of Benefits. Effective January 1, 2017, the District will no longer offer a cash-in-lieu option and current members that participate in cash-in-lieu, will be grandfathered and will receive the current cash-in-lieu amount of $500 monthly as an additional wage line item. Should the grandfathered member later enroll in a District medical plan, the cash-in-lieu amount will be removed from a wage line item and will not be reapplied in the future.
Cash in Lieu of Benefits i. ESP Unit employees who choose not to enroll in any MEA Benefit Trust health coverage will receive cash in lieu of this benefit in the amount of 50% of the cost for MEA CHOICE PLUS SINGLE coverage provided during open enrollment for that year the employee signs and returns to the RSU a signed statement, in a form as may be designated by the RSU, attesting that the employee will have minimum essential health insurance coverage under another employer’s group health plan (such as the teacher’s spouse) and all other individuals for who the employee reasonably expects to claim a personal income tax exemption for each tax year that begins or ends during the upcoming school year ("tax family"). The payment will be treated as wages subject to applicable tax withholdings and the ESP Unit employee may choose to receive this benefit biweekly or as a lump sum at the end of the contract year.
ii. Notwithstanding the forgoing, the RSU reserves the right in its sole discretion to require additional documentation of other group health insurance coverage from the employee, such as certificate of coverage from the other employer’s group health plan, in order for an employee to be eligible for cash in lieu.
iii. Employees will be required to provide a new, signed attestation statement each year during open enrollment in order to be eligible for new cash in lieu payment.
iv. The employee may only elect this option during the same enrollment guidelines offered for health insurance.
v. The ESP Unit employee may choose to receive this benefit biweekly or as a lump sum at the end of the contract year.
Cash in Lieu of Benefits. 1. For a teacher who chooses not to enroll in any MEA Benefits Trust Choice Plus health coverage, that teacher will receive cash in lieu of this benefit in the amount of $3,500.00 (2017-2018), $3,500.00 (2018-2019), and $3,500.00 (2019-2020).
a. Provided that during open enrollment for that year the employee signs and returns to the RSU a signed statement, in a form as may be designated by the RSU, attesting that the employee will have minimum essential health insurance coverage under another employer’s group health plan (such as the employee’s spouse) and all other individuals for who the employee reasonably expects to claim a personal income tax exemption for each tax year that begins or ends during the upcoming school year ("tax family").
b. The cash in lieu benefit will be treated as wages subject to applicable tax withholdings and the teacher may choose to receive this benefit biweekly or as a lump sum at the end of the contract year.
2. Notwithstanding the forgoing, the RSU reserves the right in its sole discretion to require additional documentation of other group health insurance coverage from the employee, such as certificate of coverage from the other employer’s group health plan, in order for an employee to be eligible for cash in lieu.
a. Employee’s will be required to provide a new, signed attestation statement each year during open enrollment in order to be eligible for new cash in lieu payment.
3. The teacher may only elect this option during the same enrollment guidelines offered other insurance options.
4. The teacher may choose to receive this benefit biweekly or as a lump sum at the end of the contract year.
Cash in Lieu of Benefits. Contingent upon the Employer being able to renew existing contracts with healthcare providers, it will offer compensation in lieu of health benefits to employees who opt out for the plan year. For employees hired on or after July 1, 2006, compensation in lieu of health benefits will befifty-eight cents ($0.58) per paid hour. For employees hired prior to July 1, 2006, compensation in lieu of health benefits will beone dollar and fifteen cents ($1.15) per paid hour. However, employees hired prior to July 1, 2006, who, as of June 30, 2006, received compensation in lieu of benefits in the amount of $275.59, shall receive one dollar and fifty-nine cents ($1.59) per paid hour until such time as the employee chooses to change his/her benefit status. As used in this section, a “paid hour” includes regular straight-time hours worked, paid vacation hours, paid holiday hours, paid sick leave hours and paid longevity leave hours. For overtime hours worked by employees receiving cash in lieu of benefits, there shall be no pyramiding of overtime – for example, an employee with a wage rate of fifteen dollars ($15.00) per hour, receiving cash in lieu of benefits of fifty-eight cents ($0.58) per hour would receive the basic overtime pay rate of time and one-half times Fifteen dollars and fifty-eight cents ($15.58), or Twenty-three dollars and thirty-seven cents ($23.37) per hour. The employee would not receive an additional fifty-eight cents ($0.58) for an overtime hour worked. The conversion from the current monthly stipend in lieu of benefits to payment per hour worked shall be made on or about the time of the paycheck for the second full pay period following ratification of the 2017-2020 collective bargaining agreement.
