Employer and Employee Contributions. A. Types and allocation of Contributions
1. Employer Discretionary Contributions
Employer and Employee Contributions. (a) The Employer will contribute on behalf of each employee 7.51% of annual earnings and the employee will contribute three percent (3%) of annual earnings to a Registered Retirement Savings Plan. In addition, each will make their contributions to the Canada Pension Plan. All contributions belong to the employees from the first (1st) day of employment.
Employer and Employee Contributions. Types of Contributions 1. Employer Discretionary Contributions [] Not provided. [] An amount fixed by appropriate action of the Employer. [] ________________% of Compensation of Participants for the Plan Year (not to exceed 15%). Employer Discretionary Contributions [] shall; [] shall not be integrated with Social Security.
Employer and Employee Contributions. 11.2.1.1 The District shall contribute seventy percent (70%) of the full cost of health insurance premiums for each tier of each plan. The employee shall contribute the remaining thirty percent (30%). (2018-19)
11.2.1.2 Employee contributions shall be paid by automatic payroll deduction. Employee payroll deductions shall be adjusted as necessary to reflect a true thirty percent (30%) contribution which may be modified by any changes in premium rates as relevant to each plan and tier, and/or as triggered by the absence of a subsequent negotiated agreement as set forth in Section 11.2.1.4 below. (2018-19)
11.2.1.3 Employees will be entitled to participate in the health and welfare programs on a pro- rata basis consistent with the number of hours worked daily. The District will pay the percentage of the full premium consistent with the employee’s percentage of a full- time assignment. (2010-11)
11.2.1.4 Absent written agreement otherwise, the employer contribution toward health insurance benefits shall be capped at seventy percent (70%) of the premium rates for each tier of each plan in effect as of December 31, 2022. If a negotiated agreement altering the December 31, 2022 level of District and employee contributions is not reached in sufficient time to impact the January 2023 payroll, the employee’s share of premium cost shall automatically be increased through automatic payroll deduction to cover an increase in premium rates effective January 1, 2023. (2018-19)
11.2.1.5 The parties agree to meet in coordinated negotiations including representatives of all bargaining units no later than June 30, 2022 to revisit health plans, address share of premium costs, and, if agreed upon by the parties, solicit bids for alternative competitive health plans. (2018-19)
Employer and Employee Contributions. The Employer’s share of the contribution to the trust for all eligible employees electing to participate in the program shall equal % of the designated cost under the plan for individual health coverage, % of the designated cost under the plan for family health coverage, and % of the designated cost under the plan for individual dental coverage, and % of the designated cost under the plan for family dental coverage. The Employee’s share of the contribution to the trust shall equal % of the designated cost under the plan for individual health coverage, % of the designated cost under the plan for family health coverage, and % of the designated cost under the plan for individual dental coverage, and % of the designated cost under the plan for family dental coverage. If there is any distinction in the allocation of Employer and Employee contributions among eligible employees electing to participate in the program, please explain the distinction in detail on the back of this page of this agreement. Contributions made to the Trust shall be available to pay benefits to all eligible and participating employees of all Employers electing by agreement to participate in the Trust. The designated cost under the Trust for available coverage shall be subject to change from time to time determined by the Board of Trustees thereof. The Employer hereby designates the Association as its agent for all Trust purposes. The Association with the consent of the Board of Trustees of the Trust, reserves the right from time to time to amend the terms and provisions of the Trust, to change the coverage options and costs available under the Trust, and to terminate the Trust. The employer shall be permitted to discontinue or revoke its participation in the Trust by 30 days written notice to the Board of Trustees of the Trust. The Employer is required to continuously meet the Trust minimum participation requirements. In no event shall any portion of the corpus or income of the Trust be used for or diverted for purposes other than providing health, dental, and life insurance benefits to employees of the Employer or other participating employers from time to time participating in the Trust. The Board of Trustees of the trust shall have the authority to make any and all necessary rules or regulations, binding on the Employers and Employees, to effectuate the purpose of the Trust. The Employer hereby acknowledges that it is liable for continued contributions to the Trust for so long as this ...
Employer and Employee Contributions. A. The Municipality’s contribution for 2021 to each employee’s monthly health-care premium will remain two thousand five hundred and ninety dollars ($2,590.00) to the health care trust joined by the Association.
B. Effective January 1, for the calendar years 2022, 2023, 2024, and 2025 the Municipality shall increase the employee’s monthly contribution to the Union Plan, not to exceed the lessor of:
a. The Urban Alaska CPI for Medical available August for the preceding full year, or
b. Fifty Dollars ($50.00) per month increase from the prior year’s contribution.
C. The Association will provide the Municipality with actuarial documentation of the health plan in which the Association is enrolled no later than October 1st of the preceding year.
D. Under no circumstances shall the eligible employee contribution either directly or indirectly result in tax or penalty liability for the Municipality associated with the “Cadillac Tax” or similar laws or regulations.
E. Health care reform and reopening of health care negotiations. Should state or federal legislation mandate change in cost, premiums, care coverage, taxes or penalties, the parties agree to reopen negotiations.
15.2.1 The Municipality will provide Life Insurance and Accidental Death & Dismemberment in the amount of two hundred thousand dollars ($200,000) for each employee.
15.2.2 The following voluntary benefits will be available for employees to purchase or contribute towards: Up to $200,000 of additional Life Insurance and Accidental Death & Dismemberment through a post-tax payroll deduction in increments of twenty-five thousand dollars ($25,000) Five thousand dollars ($5,000) of Dependent Life Insurance Short-term Disability coverage will be through post-tax payroll deductions. Employees may select the level of coverage from the available options offered. Coverage and premium rates will be determined by the insurance carrier. Eligible Employees may participate in the MOA’s 401(k) and 457 savings plan subject to the provisions of the plans. Municipal contributions are not required. Medical Expense Reimbursement Plan (MERP) Eligible bargaining unit employees will be eligible to participate in the Medical Expense Reimbursement Plan of the Washington State Council of Fire Fighters Employee Benefit Trust (MERP) through payroll deductions. The Municipality makes no representations regarding the tax consequences of contributions to the MERP, and takes no responsibility for administering, overseeing or manag...
Employer and Employee Contributions. A - Group providence fund:
Employer and Employee Contributions. A. Types and allocation of Contributions
1. Employer Discretionary Contributions (X) Not permitted.
Employer and Employee Contributions. Amounts contributed, net of forfeitures, to the Plan by participating employers and employees for Plan years 1997 through 1999 were as follows: 1999 1998 1997 ----------- ----------- ----------- Employer Contributions: Reliance Insurance Company.............................. $ 4,925,842 $ 4,803,793 $ 4,277,148 Reliance Group Holdings, Inc............................ 246,115 238,729 227,435 Commonwealth Land Title Insurance Company............... -- -- 3,273,394 ----------- ----------- ----------- Total................................................ $ 5,171,957 $ 5,042,522 $ 7,777,977 =========== =========== =========== 1999 1998 1997 ----------- ----------- ----------- Employee Contributions: Reliance Insurance Company.............................. $17,891,268 $15,708,125 $14,602,745 Reliance Group Holdings, Inc............................ 675,417 595,333 576,348 Commonwealth Land Title Insurance Company............... -- 968,296 5,935,313 ----------- ----------- ----------- Total................................................ $18,566,685 $17,271,754 $21,114,406 =========== =========== ===========
Employer and Employee Contributions. During the term of this Agreement all Employer employees covered by the Trust shall be treated equally for cost share purposes. Upon commencement of Open Enrollment each fall and no later than the end of the first week in November, the Employer will distribute to each employee a listing for the next year of the employee bi-weekly contribution amounts based on the level of coverage. If during the calendar year the Trust increases or decreases contribution rates the Employer will distribute a revised listing of employee bi-weekly contribution amounts based on level of coverage.
