Common use of Flexible Benefit Amount Clause in Contracts

Flexible Benefit Amount. a. The City has contracted with the Public Employees' Retirement System (PERS) for the purpose of providing medical insurance benefits for employees covered by this Memorandum of Understanding, eligible retired employees and eligible survivors of retired employees. Eligibility of retired employees and survivors of retired employees to participate in this program shall be in accordance with regulations promulgated by PERS. The City has established a Flexible Benefits Amount for each full-time regular employee who is eligible to enroll in one of the PERS medical insurance plans offered by the City. The City’s contribution to the Flexible Benefit Amount includes the current PEMHCA statutory minimum contribution, which as of 1/1/2018 is one hundred thirty three dollars ($133.00) per month per current eligible employee who subscribes for coverage in one of the PERS medical insurance plans offered by the City. During the term of this MOU and until a successor agreement is reached, the Flexible Benefit Amount agreed to by the parties includes the PEMHCA statutory minimum employer contribution requirement. b. Effective January 1, 2019, and through the term of this MOU, the City shall contribute up to a maximum per month per eligible employee toward the Flexible Benefit Amount as follows: 0 Party $230.00 Employee only $952.11 Employee plus one $1,904.21 Employee plus family $2,475.48 *The amounts indicated above do not include Life Insurance or Dental Insurance premiums which are paid by the City separately. The amounts indicated above do include the PEMHCA statutory minimum contribution) as required by state law, regardless of the year or amount, if enrolled in PERS medical insurance. In the event an employee enrolls in a PERS plan that is more than the City’s contribution to the Flexible Benefit Amount, the City shall make a payroll deduction from the employee’s pay to cover the difference in cost. If no medical benefits are selected, upon proof of coverage through their spouse, the Flexible Benefit Amount credited to the employee will be at the 0-Party rate of $230 per month. Each employee shall be responsible for providing immediate written notification to the Human Resources Department of any change to the number of his/her dependents which affects the amount of the City payment to the Flexible Benefit Amount. An employee, who by reason of failing to report a change in dependents, receives a City payment greater than the amount to which he/she is entitled shall be liable for refunding the excess amounts received via a reduction in the amount paid to his/her Flexible Benefit Amount. In accordance with PERS regulations, changes to flexible benefit payments required because of a change in an employee's number of dependents shall take effect at the start of the first pay period in the month next following the month in which advice from the employee is received by the Human Resources Director. No retroactive increases to the City's payments shall be allowed.

Flexible Benefit Amount. a. The City has contracted with the Public Employees' Retirement System (PERS) for the purpose of providing medical insurance benefits for employees covered by this Memorandum of Understanding, eligible retired employees and eligible survivors of retired employees. Eligibility of retired employees and survivors of retired employees to participate in this program shall be in accordance with regulations promulgated by PERS. The City has established a Flexible Benefits Benefit Amount for each full-time regular employee who is eligible to enroll in one of the PERS medical insurance plans offered by the City. The City’s contribution to the Flexible Benefit Amount A m ou nt includes the current PEMHCA PEHMCA statutory minimum contribution, which as of 1/1/2018 is one hundred thirty thirty-three dollars ($133.00) per month per current eligible employee who subscribes for coverage in one of the PERS medical insurance plans offered by the City. During the term of this MOU and until a successor agreement is reached, the Flexible Benefit Amount agreed to by the parties includes the PEMHCA statutory PEHMCA minimum employer contribution requirementcontribution. b. Effective January 1, 2019, and through the term of this MOU, MOU the City shall contribute up to a maximum contribution per month per eligible employee toward the Flexible Benefit Amount as follows: 0 Party Employee w/o Medical – Cash Back $230.00 Employee only $952.11 Employee plus and one dependent $1,904.21 Employee plus family and two or more dependents $2,475.48 *The amounts indicated above do not include Life Insurance or Dental Insurance premiums which are paid by the City separately. The amounts indicated above do include the PEMHCA PEHMCA statutory minimum contribution) contribution as required by state law, regardless of the year or amount, if enrolled in PERS medical insurance. In the event an employee enrolls in a PERS plan that is more than the City’s contribution to the Flexible Benefit Amount, the City shall make a payroll deduction from the employee’s 's pay to cover the difference in cost. If no medical benefits are selected, upon proof of coverage through their spouse, the Flexible Benefit Amount credited to the employee will be at the 0-0- Party rate of $230 per month. Each employee shall be responsible for providing immediate written notification to the Human Resources Department of any change to the number of his/her dependents dependents, which affects the amount of the City payment to the Flexible Benefit Amount. An employee, who by reason of failing to report a change in dependents, receives a City payment greater than the amount to which he/she is entitled shall be liable for refunding the excess amounts received via a reduction in the amount paid to his/her Flexible Benefit Amount. In accordance with PERS regulations, changes to flexible benefit payments required because of a change in an employee's number of dependents shall take effect at the start of the first pay period in the month next following the month in which advice from the employee is received by the Human Resources Director. No retroactive increases to the City's payments shall be allowed.

Flexible Benefit Amount. a. The City has contracted with the Public Employees' Retirement System (PERS) for the purpose of providing medical insurance benefits for employees covered by this Memorandum of Understanding, eligible retired employees and eligible survivors of retired employees. Eligibility of retired employees and survivors of retired employees to participate in this program shall be in accordance with regulations promulgated by PERS. The City has established a Flexible Benefits Benefit Amount for each full-time regular employee who is eligible to enroll in one of the PERS medical insurance plans offered by the City. The City’s contribution to the Flexible Benefit Amount A m o u n t includes the current PEMHCA PEHMCA statutory minimum contribution, which as of 1/1/2018 is one hundred thirty thirty-three dollars ($133.00) per month per current eligible employee who subscribes for coverage in one of the PERS medical insurance plans offered by the City. During the term of this MOU and until a successor agreement is reached, the Flexible Benefit Amount agreed to by the parties includes the PEMHCA statutory PEHMCA minimum employer contribution requirementcontribution. b. Effective January 1, 2019, and through the term of this MOU, MOU the City shall contribute up to a maximum contribution per month per eligible employee toward the Flexible Benefit Amount as follows: 0 Party Employee w/o Medical – Cash Back $230.00 Employee only $952.11 Employee plus and one dependent $1,904.21 Employee plus family and two or more dependents $2,475.48 *The amounts indicated above do not include Life Insurance or Dental Insurance premiums which are paid by the City separately. The amounts indicated above do include the PEMHCA PEHMCA statutory minimum contribution) contribution as required by state law, regardless of the year or amount, if enrolled in PERS medical insurance. In the event an employee enrolls in a PERS plan that is more than the City’s contribution to the Flexible Benefit Amount, the City shall make a payroll deduction from the employee’s 's pay to cover the difference in cost. If no medical benefits are selected, upon proof of coverage through their spouse, the Flexible Benefit Amount credited to the employee will be at the 0-0- Party rate of $230 per month. Each employee shall be responsible for providing immediate written notification to the Human Resources Department of any change to the number of his/her dependents dependents, which affects the amount of the City payment to the Flexible Benefit Amount. An employee, who by reason of failing to report a change in dependents, receives a City payment greater than the amount to which he/she is entitled shall be liable for refunding the excess amounts received via a reduction in the amount paid to his/her Flexible Benefit Amount. In accordance with PERS regulations, changes to flexible benefit payments required because of a change in an employee's number of dependents shall take effect at the start of the first pay period in the month next following the month in which advice from the employee is received by the Human Resources Director. No retroactive increases to the City's payments shall be allowed.