Employee and Retiree Contributions for Health Insurance Sample Clauses

Employee and Retiree Contributions for Health Insurance. All employees eligible for PERS medical benefits who enroll for such benefits shall be responsible for a premium contribution as provided below. 1. The employee’s monthly employee contribution toward the medical insurance premium shall increase in January of each year by an escalator amount of three percent (3%). The total monthly employee contribution on January 1, 2018 will be one hundred fifty dollars and ninety-three cents per month. DATE Maximum Employee Monthly Contribution 01 Jan. – 18 $150.93 01 Jan. – 19 $155.46 01 Jan. – 20 $160.12 01 Jan. – 21 $164.93 01 Jan. – 22 $169.87 01 Jan. – 23 $174.97 01 Jan. – 24 $180.22 01 Jan. – 25 $185.62 01 Jan. – 26 $191.19 01 Jan. – 27 $196.93 01 Jan. – 28 $202.84 01 Jan. – 29 $208.92 01 Jan. – 30 $215.19 01 Jan. – 31 $221.65 01 Jan. – 32 $228.30 01 Jan. – 33 $235.15 01 Jan. – 34 $242.20 2. Effective July 1, 2013 and continuing through June 30, 2034, for sworn employees the District shall retain all or part of the 1.627% of payroll (as defined by the Money Purchase Pension Plan), not to exceed one thousand eight hundred sixty-eight dollars and sixty-five cents ($1868.65) from the Money Purchase Pension Plan contributions for sworn employees that are otherwise provided for under Section 29. If 1.627% of an employee’s payroll exceeds one thousand eight hundred sixty-eight dollars and sixty-five cents ($1868.65), the base salary of the employee, as provided in Section 49 of this Agreement, will be reduced by the amount necessary to make up the shortfall and achieve a total of 1.627% of payroll. The terms of subsection D.3 below shall govern the retention of Money Purchase Pension Plan contributions and the reduction of base salary as provided for herein.
AutoNDA by SimpleDocs
Employee and Retiree Contributions for Health Insurance. All employees eligible for PERS medical benefits who enroll for such benefits shall be responsible for a premium contribution in the amount of twenty-four dollars and fifty eight cents ($24.58) per month, except as provided below. 1. The employee’s twenty-four dollars and fifty eight cents ($24.58) monthly employee contribution toward the medical insurance premium shall increase by fifty dollars and forty two cents ($50.42) on January 1, 2006. Each January 1 thereafter, the monthly employee contribution shall increase by an escalator amount of three percent (3%). For example, the total monthly employee contribution on January 1, 2007 will be seventy-seven dollars and twenty-five cents per month. (The calculation that arrives at this number is as follows: $24.58 + $50.42 = $75 x 1.03
Employee and Retiree Contributions for Health Insurance. All employees eligible for PERS medical benefits who enroll for such benefits shall be responsible for a premium contribution in the amount of twenty-five dollars ($25.00) per month, except as provided below. 1. The employee‟s twenty-five dollar ($25.00) monthly employee contribution toward the medical insurance premium shall increase by fifty dollars ($50) on January 1, 2006. Each January 1 thereafter, the monthly employee contribution shall increase by an escalator amount of three percent (3%). For example, the total monthly employee contribution on January 1, 2007 will be seventy-seven dollars and twenty-five cents per month. (The calculation that arrives at this number is as follows: $25 + $50 = $75 x 1.03 =
Employee and Retiree Contributions for Health Insurance. All employees eligible for PERS medical benefits who enroll for such benefits shall be responsible for a premium contribution as provided below. 1. The employee’s monthly contribution toward the medical insurance premium shall be as specified below and shall increase by an escalator amount of three percent (3%) per year. The contribution amount for 2017 shall be increased as specified in paragraph 2 and the employee contribution amounts provided below shall be in addition to any costs for coverage in excess of the amounts specified in paragraph C below. 01 Jan. – 17 $103.82 01 Jan. – 18 $106.93 01 Jan. – 19 $110.14 01 Jan. – 20 $113.44 01 Jan. – 21 $116.85 01 Jan. – 22 $120.35 01 Jan. – 23 $123.96 01 Jan. – 24 $127.68 01 Jan. – 25 $131.51 01 Jan. – 26 $135.46 01 Jan. – 27 $139.52 01 Jan. – 28 $143.70 01 Jan. – 29 $148.02 01 Jan. – 30 $152.46 01 Jan. – 31 $157.03 01 Jan. – 32 $161.74 01 Jan. – 33 $166.60 01 Jan. – 34 $171.59 2. During the term of this Agreement, the employees’ premium contribution shall be increased by thirty-seven dollars ($37) per month as follows: 2017 - $140.82; 2018 - $143.93; 2019 - $147.14; 2020 - $150.44; and 2021 - $153.85. For active employees the additional thirty-seven dollars ($37) per month shall be deducted from the one and six hundred twenty-seven one thousandth percent (1.627%) money purchase pension plan contribution.
Employee and Retiree Contributions for Health Insurance. All employees eligible for PERS medical benefits who enroll for such benefits shall be responsible for a premium contribution as provided below. 1. The employee’s monthly contribution toward the medical insurance premium shall be as specified below and shall increase by an escalator amount of three percent (3%) per year. The contribution amount for 2017 shall be increased as specified in paragraph 2 and the employee contribution amounts provided below shall be in addition to any costs for coverage in excess of the amounts specified in paragraph C below. 01 Jan. – 17 $103.82 01 Jan. – 18 $106.93 01 Jan. – 19 $110.14 01 Jan. – 20 $113.44 01 Jan. – 21 $116.85 01 Jan. – 22 $120.35 01 Jan. – 23 $123.96 01 Jan. – 24 $127.68 01 Jan. – 25 $131.51 01 Jan. – 26 $135.46 01 Jan. – 27 $139.52 01 Jan. – 28 $143.70 01 Jan. – 29 $148.02 01 Jan. – 30 $152.46 01 Jan. – 31 $157.03 01 Jan. – 32 $161.74 01 Jan. – 33 $166.60 01 Jan. – 34 $171.59 2. During the term of this Agreement, the employees’ premium contribution shall be increased by thirty-seven dollars ($37) per month as follows: 2017 - $140.82; 2018 - $143.93; 2019 - $147.14; 2020 - $150.44; and 2021 - $153.85. For active employees the additional thirty-seven dollars ($37) per month shall be deducted from the one and six hundred twenty-seven one thousandth percent (1.627%) money purchase pension plan contribution. 3. Eligible retirees shall pay the same premium contribution as active employees. Employees’ premium contributions will be paid for through tax-exempt payroll deductions. Retiree premium contributions will be deducted from the retirement allowance paid by PERS. If a retiree’s retirement allowance is not sufficient to pay the entire contribution, the retiree must pay the balance due on such premium contribution directly to PERS. If such payment is not received by the due date, health care coverage will automatically, immediately and permanently cease. These rules are intended to comply with the premium contribution procedures established by PERS, which may be modified by PERS. The District, Union and employees shall comply with the PERS procedures in effect from time to time.
Employee and Retiree Contributions for Health Insurance. All employees eligible for PERS medical benefits who enroll for such benefits shall be responsible for a premium contribution as provided below. 1. The employee’s monthly employee contribution toward the medical insurance premium is set forth in the schedule below. On January 1 of each year the contribution increases by an escalator amount of three percent (3%). The total monthly employee contribution on January 1, 2014 will be ninety-five dollars and one cent per month plus the amount specified in paragraph 2, below. The employee contribution amounts provided by this subsection shall be in addition to any costs for coverage specified in paragraph B2 and C below: DATE Maximum Employee Monthly Contribution 01 Jan. – 14 $95.01 01 Jan. – 15 $97.86 01 Jan. – 16 $100.79 01 Jan. – 17 $103.82 01 Jan. – 18 $106.93 01 Jan. – 19 $110.14 01 Jan. – 20 $113.44 01 Jan. – 21 $116.85 01 Jan. – 22 $120.35 01 Jan. – 23 $123.96 01 Jan. – 24 $127.68 01 Jan. – 25 $131.51 01 Jan. – 26 $135.46 01 Jan. – 27 $139.52 01 Jan. – 28 $143.02 01 Jan. – 29 $148.02 01 Jan. – 30 $152.46 01 Jan. – 31 $157.03 01 Jan. – 32 $161.74 01 Jan. – 33 $166.60 01 Jan. – 34 $171.59 2. Commencing immediately following any required administrative action necessary to implement the changes, the employeespremium contributions specified in paragraph B.1 shall be increased by forty-four dollars ($44) per month. During the term of this Agreement the employee contributions shall be: 2014 - $139.01; 2015 - $141.86; 2016 - $144.79; and 2017 - $147.82 in addition to any sum as specified in paragraph C. 3. Effective July 1, 2013 and continuing through June 30, 2034, for sworn employees the District shall retain all or part of the 1.627% of payroll (as defined by the Money Purchase Pension Plan), not to exceed one thousand eight hundred sixty-eight dollars and sixty-five cents ($1868.65) from the Money Purchase Pension Plan contributions for sworn employees that are otherwise provided for under Section 30. If 1.627% of an employee’s payroll exceeds one thousand eight hundred sixty-eight dollars and sixty-five cents ($1868.65), the base salary of the employee, as provided in Section 50 of this Agreement, will be reduced by the amount necessary to make up the shortfall and achieve a total of 1.627% of payroll. The terms of subsection D.5 below shall govern the retention of Money Purchase Pension Plan contributions and the reduction of base salary as provided for herein. 4. Each eligible retiree shall pay the same pr...
Employee and Retiree Contributions for Health Insurance. All employees eligible for PERS medical benefits who enroll for such benefits shall be responsible for a premium contribution in the amount of fifteen dollars and three cents ($15.03) per month, except as provided below. 1. The employee’s fifteen dollars and three cents ($15.03) monthly employee contribution toward the medical insurance premium shall increase by fifty-nine dollars and ninety-seven cents ($59.97) on January 1, 2006. The total monthly employee contribution will be $75.00 per month effective January 1, 2006. In the event that this monthly increase in premium contribution cannot be implemented by January 1, 2006 under PERS’ procedures, the monthly premium contribution for the remaining months of 2006 will be recalculated to equal the total premium contribution owing for calendar year 2006, i.e., nine hundred dollars ($900.00) less premium contributions already made in 2006 at the $15.03 rate, prorated in equal monthly installments for the remainder of calendar year 2006. For example, if an increase in premium contribution is not implemented until March 1, 2006, the new monthly premium contribution for March through December 2006 will be $86.99. Each January 1 thereafter, the monthly employee contribution shall increase by an escalator amount of three percent (3%). For example, the total monthly employee contribution on January 1, 2007 will be seventy-seven dollars and twenty-five cents per month. (The calculation that arrives at this number is as follows: $15.03 +
AutoNDA by SimpleDocs
Employee and Retiree Contributions for Health Insurance. All employees eligible for PERS medical benefits who enroll for such benefits shall be responsible for a premium contribution in the amount of twenty six dollars and forty-nine cents ($26.49) per month, except as provided below. 1. The employee’s monthly employee contribution toward the medical insurance premium shall increase in January of each year by an escalator amount of three percent (3%). The total monthly employee contribution on January 1, 2014, will be ninety-five dollars and one cent per month plus the amount specified in paragraph 2, below. The employee contribution amounts provided shall be in addition to any costs for coverage in excess of the amounts specified in paragraphs 2 and C. below. DATE Maximum Employee Monthly Contribution 2. Following ratification and any administrative actions necessary to implement the changes, employees’ premium contributions set forth in paragraph B.1 shall be increased by forty-four dollars ($44) per month for calendar years 2014 through 2018 and shall be as follows: 2014 – $139.01 2015 – $141.86 2016 – $144.79 2017 – $147.82 2018 – $150.93 3. Effective July 1, 2013 and continuing through June 30, 2034, for sworn employees the District shall retain all or part of the 1.627% of payroll (as defined by the Money Purchase Pension Plan), provided for under Section 6.4. If 1.627% of an employee’s payroll exceeds one thousand eight hundred sixty-eight dollars and sixty-five cents ($1868.65), the base salary of the employee, will be reduced by the amount necessary to make up the shortfall and achieve a total of 1.627% of payroll. The terms of subsection D.3 below shall govern the retention of Money Purchase Pension Plan contributions and the reduction of base salary as provided for herein. 4. Each eligible retiree shall pay the same premium contribution, including those amounts specified in paragraph 2 above, as active employees. Employees’ premium contributions will be paid for through tax-exempt payroll deductions. Retiree premium contributions will be deducted from the retirement allowance paid by PERS. If a retiree’s retirement allowance is not sufficient to pay the entire contribution, the retiree must pay the balance due on such premium contribution directly to PERS. If such payment is not received by the due date, health care coverage will automatically, immediately and permanently cease. These rules are intended to comply with the premium contribution procedures established by PERS, which may be modified by PE...
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!