Common use of CHOOSING YOUR BENEFITS Clause in Contracts

CHOOSING YOUR BENEFITS. This section describes the procedure for choosing benefits under the Plan. You may make a separate election for each plan year (October 1 through September 30). However, you may not change your benefits during the plan year unless you have a change in family status. Initial Benefit Selection You must complete an election form before the date you become a participant in the Plan. The election must be in writing on a form provided by the District. The election will remain in effect for the remainder of the plan year unless you have a change in family status, as described below. If you do not make an election, the following rules apply: - If you were receiving contributions to a tax-sheltered annuity in lieu of health insurance as of September 30th, you will additional compensation in lieu of health insurance coverage. This change will be effective as of October 1st. - If you were receiving health insurance coverage as of September 30th, you will continue to receive health insurance coverage. Annual Benefit Selection Once you become a participant, your original election form on file with the District will continue in effect for all subsequent plan years unless you complete a new election form and turn it in to the District during the annual enrollment period. If you complete a new election form, the new election form will become effective as of the first day of the next plan year and will remain in effect through the last day of the plan year unless you have a change in family status, as described below. Further, your new election form will continue in effect for all subsequent plan years unless you complete another new election form and turn it in to the District during a subsequent annual enrollment period.

Appears in 3 contracts

Samples: Master Agreement, Master Agreement, Master Agreement

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CHOOSING YOUR BENEFITS. This section describes the procedure for choosing benefits under the Plan. You may make a separate election for each plan year (October 1 through September 30). However, you may not change your benefits during the plan year unless you have a change in family status. Initial Benefit Selection You must complete an election form before the date you become a participant in the Plan. The election must be in writing on a form provided by the District. The election will remain in effect for the remainder of the plan year unless you have a change in family status, as described below. If you do not make an election, the following rules apply: - If you were receiving contributions to a tax-sheltered tax‐sheltered annuity in lieu of health insurance as of September 30th, you will additional compensation in lieu of health insurance coverage. This change will be effective as of October 1st. - If you were receiving health insurance coverage as of September 30th, you will continue to receive health insurance coverage. Annual Benefit Selection Once you become a participant, your original election form on file with the District will continue in effect for all subsequent plan years unless you complete a new election form and turn it in to the District during the annual enrollment period. If you complete a new election form, the new election form will become effective as of the first day of the next plan year and will remain in effect through the last day of the plan year unless you have a change in family status, as described below. Further, your new election form will continue in effect for all subsequent plan years unless you complete another new election form and turn it in to the District during a subsequent annual enrollment period.

Appears in 1 contract

Samples: Master Agreement

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