Cash-in-Lieu Option Sample Clauses

Cash-in-Lieu Option. An employee who qualifies for health coverage may have the choice of accepting said plan or accepting a taxable cash benefit of twenty percent (20%) of the District premium share for the Gold CDHP family plan in lieu of coverage. 1. An employee must provide written certification annually, by January 1, or within thirty (30) days of hire, that the employee and his/her “tax family”* are covered under other permissible health plan coverage. *a tax-family includes the employee and dependents who would be eligible for enrollment in the employer plan and who the employee reasonably expects to claim as a tax dependent for the calendar year. 2. The cash-in-lieu option must be selected annually by January 1st or within 30 days of hire. 3. This cash-in-lieu option shall not apply to the dental or life insurance benefits. 4. If the employee accepts cash-in-lieu of health coverage, then he/she shall forego health coverage for the school year, unless he/she becomes eligible for enrollment under a qualifying event, as determined by health carrier regulations or during the open enrollment period. 5. Payments for cash-in-lieu option will be made in each payroll based on the payroll schedule for the District.
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Cash-in-Lieu Option. An eligible employee will be eligible to receive cash-in-lieu of instead of enrolling in a City offered medical insurance plan only if the following conditions are satisfied. a) The employee signs a form attesting that the employee and the employee's Tax Family have the Alternative Required Coverage for the Opt-Out Period. i. Tax Family means all individuals for whom the employee intends to claim a personal exemption deduction for the taxable year or years that begin or end in or with the City's plan year to which the opt out applies. ii. Alternative Required Coverage required means minimum essential coverage through another source (other than coverage in the individual market, whether or not obtained through Covered California). iii. Opt-Out Period means the plan year to which the opt out arrangement applies. b) An employee must provide the attestation every plan year at open enrollment or within 30 days after the start of the plan year for each plan year the employee would like to receive cash-in-lieu. c) The cash-in-lieu payment cannot be made and the City will not in fact make payment if the City knows or has reason to know that the employee or a Tax Family member does not have such alternative coverage, or if the conditions in this Section. are not otherwise satisfied. d) If the above conditions are satisfied: i) Eligible Employees hired on or before November 30, 2001 are eligible to receive $450 per month cash-in-lieu. ii) Eligible Employees hired on or after December 1, 2001 are eligible to receive $390 per month cash-in-lieu. iii) Employees hired on or after September 10, 2017 are not eligible to receive cash-in-lieu. e) Beginning January 1, 2018 and each January thereafter, the cash-in-lieu amounts listed above will adjust each year based on the percent change in Kaiser rates for the CalPERS Los Angeles area. This yearly adjustment will be equal to the change in Kaiser rates.
Cash-in-Lieu Option. An Eligible Employee will be eligible to receive cash-in-lieu of $390.00 per month instead of enrolling in a City offered medical insurance plan only if the following conditions are satisfied: 1. The employee signs a form attesting that the employee and the employee's Tax Family have the Alternative Required Coverage for the Opt-Out Period. a. Tax Family means all individuals for whom the employee intends to claim a personal exemption deduction for the taxable year or years that begin or end in or with the City's plan year to which the opt-out applies. b. Alternative Required Coverage required means minimum essential coverage through another source (other than coverage in the individual market, whether or not obtained through Covered California). c. Opt-Out Period means the plan year to which the opt-out arrangement applies. 2. An employee must provide the attestation every plan year at open enrollment or within 30 days after the start of the plan year for each plan year the employee would like to receive cash-in-lieu. 3. The cash-in-lieu payment cannot be made and the City will not in fact make payment if the City knows or has reason to know that the employee or a Tax Family member does not have such alternative coverage, or if the conditions in this Section 6.02(C) are not otherwise satisfied.
Cash-in-Lieu Option. For teachers who do not enroll in health insurance, the employer will provide a cash option in lieu of health benefits. All employees as a condition to receiving cash in lieu must first provide documentation that they otherwise receive health insurance that meets the value and coverage requirements of the Affordable Care Act. The cash option shall be Two Hundred Fifty Dollars ($250). The amount of the cash payment received may be applied by the bargaining unit member to a tax deferred annuity through a salary reduction agreement if allowed by the IRS and the District’s Section 125 plan. Any amounts exceeding the employer’s subsidy shall be payroll deducted. An open enrollment period shall be provided whenever the contribution subsidy amount changes for the group. The employer shall formally adopt a qualified plan document, which complies with Section 125 of the Internal Revenue Code. All cost relating to the implementation and administration of benefits under this program shall be borne by the employer.
Cash-in-Lieu Option. The Certificated Staff participating in the fringe benefit package shall be provided the following cash-in-lieu of option:
Cash-in-Lieu Option. An Eligible Employee will be eligible to receive cash-in-lieu of instead of enrolling in a City offered medical insurance plan only if the following conditions are satisfied. a) The employee signs a form attesting that the employee and the employee's Tax Family have the Alternative Required Coverage for the Opt-Out Period.
Cash-in-Lieu Option. An Eligible Employee will be eligible to receive cash-in-lieu of $390.00 per month instead of enrolling in a City offered medical insurance plan only if the following conditions are satisfied: 1. The employee signs a form attesting that the employee and the employee's Tax Family have the Alternative Required Coverage for the Opt-Out Period.
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Cash-in-Lieu Option. A teacher who qualifies for health coverage may have the choice of accepting said plan or accepting a taxable cash benefit of twenty percent (20%) of the district premium share for the Gold CDHP family plan in lieu of coverage. 1. A teacher must provide written certification annually, by January 1, or within thirty (30) days of hire, that the employee and their “tax family” * are covered under other permissible health plan coverage. *a tax family includes the employee and dependents who would be eligible for enrollment in the employer plan and who the employee reasonably expects to claim as a tax dependent for the calendar year. 2. The cash-in-lieu option must be selected annually by January 1st or within 30 days of hire. 3. This cash-in-lieu option shall not apply to the dental or life insurance benefits. 4. If the teacher accepts cash-in-lieu of health coverage, then they shall forego health coverage for the school year, unless they becomes eligible for enrollment under a qualifying event, as determined by health carrier regulations or during the open enrollment period. 5. Payments for the cash-in-lieu option will be made in each payroll based on the payroll schedule for the district. New successor agreement will be negotiated on a statewide basis and will follow the settlement per 16 V.S.A. Chapter 61.
Cash-in-Lieu Option. An employee who qualifies for health coverage may have the choice of accepting said plan or accepting a taxable cash benefit of twenty percent (20%) of the District premium share for the Gold CDHP family plan in lieu of coverage. 1. An employee must provide written certification annually, by January 1, or within thirty (30) days of hire, that the employee and their “tax family”* are covered under other permissible health plan coverage. *a tax-family includes the employee and dependents who would be eligible for enrollment in the employer plan and who the employee reasonably expects to claim as a tax dependent for the calendar year. 2. The cash-in-lieu option must be selected annually by January 1st or within 30 days of hire. 3. This cash-in-lieu option shall not apply to the dental or life insurance benefits. 4. If the employee accepts cash-in-lieu of health coverage, then they shall forego health coverage for the school year, unless they become eligible for enrollment under a qualifying event, as determined by health carrier regulations or during the open enrollment period. 5. Payments for cash-in-lieu option will be made in each payroll based on the payroll schedule for the District.
Cash-in-Lieu Option. A represented, full-time employee who has health and dental care through another employer group plan, or through a spouse or domestic partner, may choose to waive his or her CRA/LA health and dental plan coverage and receive taxable $100.00 monthly cash compensation. A qualified employee may apply for this benefit by submitting a completed Cash-In-Lieu Affidavit to the Human Resources Department during the Cash-In-Lieu Open Enrollment Period. Re-enrollment in a CRA/LA health plan will be allowed only if you experience a qualifying family status change or during the Annual Employee Benefits Open Enrollment Period. A request for enrollment must be made within 30 days following a qualifying family status change.
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