Common use of Contributions to the Active Employees’ Plans Clause in Contracts

Contributions to the Active Employees’ Plans. The Employer will make an annual contribution to individual accounts under the health reimbursement arrangement or Health Savings Account for qualifying bargaining unit members in accordance with the following schedule: $3,450.00 for each qualified employee who elects single coverage under the plans described in 24.4b. $5,700.00 for each qualified employee who elects employee+spouse or employee+child(ren) coverage under the plans described in 24.4b. $6,900.00 for each qualified employee who elects family coverage under the plans described in 24.4b. The contributions will be made on a quarterly basis over the VEBA/HSA Plan year. If a qualified bargaining unit member enters the VEBA/HSA Plan as a participant on a date after the first day of the VEBA/HSA Plan year, the Employer shall prorate the amount of the Employer Contribution to reflect the late entry. All contributions on behalf of a VEBA/HSA Plan participant shall cease on the date the participant is no longer covered under the high deductible health plan in 24.4b below.

Contributions to the Active Employees’ Plans. The Employer will make an annual contribution to individual accounts under the health reimbursement arrangement or Health Savings Account for qualifying bargaining unit members in accordance with the following schedule: $3,450.00 for each qualified employee who elects single coverage under the plans described in 24.4b24.5b. $5,700.00 for each qualified employee who elects employee+spouse or employee+child(ren) coverage under the plans described in 24.4b24.5b. $6,900.00 for each qualified employee who elects family coverage under the plans described in 24.4b24.5b. The contributions will be made on a quarterly basis over the VEBA/HSA Plan year. If a qualified bargaining unit member enters the VEBA/HSA Plan as a participant on a date after the first day of the VEBA/HSA Plan year, the Employer shall prorate the amount of the Employer Contribution to reflect the late entry. All contributions on behalf of a VEBA/HSA Plan participant shall cease on the date the participant is no longer covered under the high deductible health plan in 24.4b 24.5B below.