FBP Options for Eligible Employees Hired On or After July 1, 2020. 1. For eligible employees hired on or after July 1, 2020, there will be two options available under City’s FBP: (1) a $1,000 cash-back option for an employee who provides proof of qualifying medical coverage outside the FBP and selects the waiver; or, (2) a no-cash-back option which provides FBP Credits in varying amounts for Employee Only and for Employee-Plus tiers.
Appears in 6 contracts
Sources: Memorandum of Understanding (Mou), Memorandum of Understanding (Mou), Memorandum of Understanding
FBP Options for Eligible Employees Hired On or After July 1, 2020. 1. For eligible employees hired on or after July 1, 2020, there will be two options available under City’s FBP: (1) a $1,000 cash-back option for an employee who provides proof of qualifying medical coverage outside the FBP and selects the waiver; or, (2) a no-cash-back option which provides FBP Credits in varying amounts for Employee Only and for Employee-Plus tiers.
Appears in 1 contract
Sources: Memorandum of Understanding