Flexible Benefit Allowance for Major Sample Clauses

Flexible Benefit Allowance for Major. Medical - Teachers enrolled in the District's health insurance plan shall receive from the state a Flexible Benefit Allowance (FBA) for Major Medical payment of $615.90 per month through December 31, 2021. Any excess FBA over the cost of the major medical coverage purchased by the teacher may be used to purchase additional benefits or may be taken as taxable compensation. No employee shall receive FBA payment less than an annual amount provided for by state law. (G-2) Flexible Benefit Allowance for Major Medical - Teachers enrolled in the District's health insurance plan shall receive from the state a Flexible Benefit Allowance (FBA) for Major Medical payment of $615.90 per month effective January 1, 2022. Any excess FBA over the cost of the major medical coverage purchased by the teacher may be used to purchase additional benefits or may be taken as taxable compensation. No employee shall receive FBA payment less than an annual amount provided for by state law.
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Flexible Benefit Allowance for Major. Medical - Teachers enrolled in the District's health insurance plan shall receive from the state a Flexible Benefit Allowance (FBA) for Major Medical payment of $571.04 per month through December 31, 2017. Any excess FBA over the cost of the major medical coverage purchased by the teacher may be used to purchase additional benefits or may be taken as taxable
Sample 1
Flexible Benefit Allowance for Major. Medical - Teachers enrolled in the District's Health Insurance Plan shall receive from the state a Flexible Benefit Allowance (FBA) for Major Medical payment of $594.90 per month through December 31, 2019. Any excess FBA over the cost of the major medical coverage may be used to purchase additional benefits or may be taken as taxable compensation. No employee shall receive FBA payment less than provided for by state law. (H-2) Flexible Benefit Allowance for Major Medical - Teachers enrolled in the District's Health Insurance Plan shall receive from the state a Flexible Benefit Allowance (FBA) for Major Medical payment of $615.90 per month beginning January 1, 2020. National Board Certified teachers will receive an additional $1000 on the base salary. Total Compensation is 2.57% above state minimum + $2000 Xxxxx Public Schools 2018-2019 Compensation Schedule (Doctorate) (A) (B) (C) (D) (E) (F) (G) (H-1) (H-2) Additional District District Total Cash FBA for FBA for Base Salary Paid Paid District In Lieu of OR Major Med. Major Med. STEP Salary TRS Credit) Life Ret. Comp. FBA thru 12-31-19 effect. 1-1-20 MONTHLY BENEFITS 0 39,400.50 60.15 25.08 2,907.37 42,393.09 69.71 594.90 615.90 1 39,814.49 103.41 25.08 2,895.27 42,838.25 69.71 594.90 615.90 2 40,228.48 145.65 25.08 2,884.19 43,283.40 69.71 594.90 615.90 3 40,643.43 188.15 25.08 2,872.92 43,729.58 69.71 594.90 615.90 4 41,057.42 233.33 25.08 2,858.90 44,174.73 69.71 594.90 615.90 5 41,507.66 278.76 25.08 2,847.36 44,658.86 69.71 594.90 615.90 6 41,950.27 325.26 25.08 2,834.18 45,134.79 69.71 594.90 615.90 7 42,391.93 372.82 25.08 2,819.86 45,609.69 69.71 594.90 615.90 8 42,833.58 421.44 25.08 2,804.48 46,084.59 69.71 594.90 615.90 9 43,276.20 471.12 25.08 2,788.12 46,560.51 69.71 594.90 615.90 10 45,661.90 521.87 25.08 2,916.94 49,125.79 69.71 594.90 615.90 11 46,132.17 573.67 25.08 2,900.53 49,631.46 69.71 594.90 615.90 12 46,602.45 626.54 25.08 2,883.06 50,137.13 69.71 594.90 615.90 13 47,072.72 680.48 25.08 2,864.52 50,642.80 69.71 594.90 615.90 14 47,542.04 735.47 25.08 2,844.85 51,147.44 69.71 594.90 615.90 15 48,032.35 791.53 25.08 2,825.70 51,674.65 69.71 594.90 615.90 16 48,502.62 848.65 25.08 2,803.97 52,180.32 69.71 594.90 615.90 17 48,972.89 906.83 25.08 2,781.19 52,685.99 69.71 594.90 615.90 18 49,443.17 966.07 25.08 2,757.35 53,191.66 69.71 594.90 615.90 19 49,913.44 1,026.38 25.08 2,732.43 53,697.33 69.71 594.90 615.90 20 50,404.70 1,087.75 25.08 2,708.04 54,225.57 69.71 594.90 615.90 21 50,8...
Sample 1

Related to Flexible Benefit Allowance for Major

  • FLEXIBLE BENEFITS PROGRAM 24-1 All employees covered by this agreement are eligible to participate in CMU Choices, the University's Flexible Benefit Program.

  • Flexible Benefits Plan A flexible benefits plan, which is in accordance with Section 125 of the Internal Revenue Code, was implemented for eligible employees covered by this Agreement on October 1, 1990.

  • Flexible Benefit Plan The Board shall provide the following flexible benefit plan to employees who are paid more than twenty (20) hours per week. All employee benefits plans provided by the Board under this Article shall have plan years based on the calendar year. No Coverage - Employees who produce proof of other medical insurance coverage may elect no coverage. Those electing no coverage as of June 30, 2001, will receive a cash "buy-out" equal to 40% of the annual premium for the “Point-of-Service Plan Individual Coverage” up to $1,220.44 per year. Any employee receiving a cash “buy-out” who elects coverage on or after July 1, 2001will no longer be eligible to receive the cash “buy-out” at a later date. DENTAL Traditional - See Traditional Dental Chart below. No Coverage - Employees may elect no coverage. Those electing no coverage as of June 30, 2001, will receive a cash "buy-out" equal to 40% of the annual premium for "Traditional Individual Coverage” up to $89.70 per year. Any employee receiving a cash “buy-out” who elects coverage on or after July 1, 2001, will no longer be eligible to receive the cash “buy-out” at a later date. TRADITIONAL DENTAL NO DEDUCTIBLE 100%** Emergency treatment Oral examinations X-Rays Teeth cleaning Fluoride treatments for children to age 19 Space maintainers Preventative Services PER PERSON PER CALENDAR YEAR DEDUCTIBLE* 80%** Laboratory tests Fillings Amalgam Silicate Acrylic Root canal Repair and maintenance of bridgework and dentures Periodontal services Extractions and other oral surgery Anesthesia Basic Services PER PERSON PER CALENDAR YEAR DEDUCTIBLE* 50%** Gold and porcelain fillings and crowns Installation of bridgework and crowns Orthodontia (subject to separate $2,500 lifetime maximum per person) – Effective January 1, 2017 Major Services $1,500 Per Person - Calendar Year Maximum** $2,000 Per Person – Calendar Year Maximum** (Effective January 1, 2017) * $50 per person; $150 - Family maximum - when three (3) Family Members have each met the $50 Deductible - See the Schedule of Insurance. **Paid by Traditional Dental.

  • Special Parental Allowance for Totally Disabled Employees (a) An employee who:

  • Special Maternity Allowance for Totally Disabled Employees (a) An employee who:

  • Flexible Benefits Insurance Program

  • Flexible Spending Account (FSA) Beginning January 1, 1993, an employee may designate an amount per year to be placed into the employee’s Flexible Spending Account (as defined in Section 125 of the Internal Revenue Code as amended from time to time). The amounts in the account may be used to reimburse the employee for uncovered medical expenses. Amounts placed in the account are not subject to federal, state and Social Security (FICA) taxes. Reports of earnings to MTRFA and pension deductions will be based on gross earnings.

  • Benefit Waiting Period Allowance (a) An employee who qualifies for and takes leave pursuant to 21.1 or 21.2 and is required by Employment Insurance to serve a one-week waiting period for Employment Insurance Maternity/Parental benefits, shall be paid a leave allowance equivalent to one week at 85% of the employee's basic pay.

  • Flexible Spending Account The parties agree that the State shall have the right to use State Employee Health Plan funds to cover the administrative costs of operating the medical and dependent care flexible spending account programs.

  • Flexible Spending Accounts Employees in the unit shall have access to the County’s flexible spending account program, which provides employees with the options of dependent care assistance benefits with a calendar year maximum of $5,000, and medical expense reimbursement benefits with a calendar year maximum of $2,400. The County shall maintain this plan in compliance with IRC §125. Employee premiums for flexible spending account benefits shall be deducted on a pre-tax basis from employee pay.

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