CoBen Allowance Sample Clauses
The CoBen Allowance clause establishes a fixed monetary amount provided to employees to cover the cost of core benefits, such as health, dental, and vision insurance. Typically, this allowance is added to an employee’s compensation package and can be used to purchase benefits through the employer’s plan or, in some cases, to offset premiums for external coverage. The core practical function of this clause is to ensure employees have financial support for essential benefits while giving them flexibility in how they allocate these funds, thereby promoting employee well-being and satisfaction.
CoBen Allowance. Upon approval of funding by the Legislature and ratification by the Union, the employer health benefits contribution for each employee shall continue to be an amount equal to eighty (80%) percent of the weighted average of the Basic health benefit plan premiums for a State active civil service employee enrolled for self-alone, during the benefit year to which the formula is applied, for the four Basic health benefit plans that had the largest State active civil service enrollment, excluding family members, during the previous benefit year. For each employee with enrolled family members, the employer shall contribute an additional eighty (80%) percent of the weighted average of the additional premiums required for enrollment of those family members, during the benefit year to which the formula is applied, in the four Basic health benefit plans that had the largest State active civil service enrollment, excluding family members, during the previous benefit year. The allowance is based on the Health Benefit party codes in a health plan administered or approved by CalPERS. To be eligible for this contribution, an employee must positively enroll in a health plan administered or approved by CalPERS. The union agrees to support legislation to amend the employer’s share of the employee health contribution as described above from 85% to 80%. When an employee is appointed to a new position or class that results in a change in eligibility for the composite rate, the effective date of the change shall be the first of the month following the date the notification is received by the State Controller’s Office if the notice is received by the tenth of the month.
CoBen Allowance. 11.1.1.1.1 Effective January 1, 2017, the State agrees to pay the following contribution for the Consolidated Benefits (CoBen) allowance. The CoBen allowance is a composite contribution for health, dental, and vision benefits. To be eligible for this contribution, an employee must positively enroll in a health plan administered or approved by CalPERS and/or a dental plan administered or approved by CalHR. Employees will continue to be automatically enrolled in the basic vision program.
CoBen Allowance. 11.1.1.1.1 Effective January 1, 2004, the State agrees to pay the following contribution for the Consolidated Benefits (CoBen) allowance. The CoBen allowance is a composite contribution for health, dental, and vision benefits. To be eligible for this contribution, an employee must positively enroll in a health plan administered or approved by CalPERS and/or a dental plan administered or approved by DPA. Employees will continue to be automatically enrolled in the vision program. When an employee is appointed to a new position or class that results in a change in eligibility for the composite rate, the effective date of the change shall be the first of the month following the date the notification is received by the State Controller’s Office if the notice is received by the tenth of the month. Health Benefits Effective January 1, 2004 through December 31, 2005, the employer health benefits contribution for each employee shall be an amount equal to 80 percent of the weighted average of the Basic health benefit plan premiums for a State active civil service employee enrolled for self-alone, during the benefit year to which the formula is applied, for the four Basic health benefit plans that had the largest State active civil service employee enrollments, excluding family members, during the previous benefit year. For each employee with enrolled family members, the employer shall contribute an additional 80 percent of the weighted average of the additional premiums required for enrollment of those family members, during the benefit year to which the formula is applied, in the four Basic health benefit plans that had the largest State active civil service employee enrollments, excluding family members, during the previous benefit year. Effective January 1, 2006, the employer health benefits contribution for each employee shall be an amount equal to 85 percent of the weighted average of the Basic health benefit plan premiums for a State active civil service employee enrolled for self-alone, during the benefit year to which the formula is applied, for the four Basic health benefit plans that had the largest State active civil service employee enrollments, excluding family members, during the previous benefit year. For each employee with enrolled family members, the employer shall contribute an additional 80 percent of the weighted average of the additional premiums required for enrollment of those family members, during the benefit year to which the formula is app...