Fringe Benefit Pool. Paragraph 1: The Board shall establish a fringe benefit program to comply with Section 125 of the Internal Revenue Code. The Board shall provide the opportunity for each employee to execute a salary reduction agreement to pay premiums desired.
Fringe Benefit Pool a. The District shall establish a fringe benefit pool for all certified employees.
b. The District shall provide, at minimal cost to the employee, the following:
i. Employee hospital, surgical, and major medical insurance under the Blue Cross PPO Plan or an HSA (with a monthly contribution determined by the difference in costs between the PPO and the HSA) for employee health coverage for all eligible employees.
ii. A $40,000 group life policy.
iii. Employee vision insurance.
iv. Employee dental insurance through Delta Dental or Willamette.
v. Employee Assistance Program
vi. Telehealth for entire household through Ally Health
c. Each full-time employee shall be offered various fringe benefits at an additional cost to the employee.The optional benefits offered shall be:
i. Member plus one health
ii. Member plus one dental
iii. Member plus one vision iv. Family health v. Family dental vi. Family vision vii. Individual term life (Section 79) viii. Dependent care
Fringe Benefit Pool a. The District shall establish a fringe benefit pool for all certified employees.
b. The District shall provide, at no cost to the employee, the following:
i. Employee hospital, surgical, and major medical insurance under the Blue Shield PPO Plan or an HSA (with a $135.00 . monthly contribution) for employee health coverage for all eligible employees.
ii. A $40,000 group life policy.
iii. Employee vision insurance.
iv. Employee dental insurance through Delta Dental or Willamette.
c. Each employee shall allocate the sum contributed to his/her credit among the various fringe benefits offered. The optional benefits offered shall be:
i. Member plus one health
ii. Member plus one dental
iii. Member plus one vision iv. Family health v. Family dental vi. Family vision vii. Individual term life (Section 79) viii. Dependent care
Fringe Benefit Pool. Annually, the Association will determine how to pool available certificated fringe benefits funds. The district will combine all FTE's, including partial FTE's to create the total district FTE count for the purpose of benefits, These FTE's are multiplied by the allowable state benefit, to create the monthly pool amount X 12 for the yearly pool amount. The district will utilize all FTE's including those beyond the state BEA in these calculations with the District funding the benefit for those FTE beyond the state BEA. The district will retain all dollars generated for benefits in the employee insurance pool, inclusive of funds for those employees who opt not to take advantage of the district insurance programs. In order for the District to expend the equivalent of the state allocation for September through August, there shall be two adjustment periods. These periods will occur in November and April of each year. The District shall calculate the projected status of the pool(s) for the balance of the fiscal year. If the projection indicates that the pool(s) will have a balance remaining at the end of the period, the projected balance will be apportioned to all eligible members in the applicable pool(s) in one of the following two ways: If sufficient moneys are remaining, the premiums of all eligible employees will be waived for the employee and paid by the District for the period. If there is to be a positive pool(s) balance, but not enough to waive the entire amount of the premium owed by the eligible employees, the District and the Association will mutually agree to allocate the pool amount equally among those with out of pocket expense in order to project the pool(s) in a zero position at the end of the period. If it is calculated that the pool(s) would be in a deficit position, the District and the Association will mutually agree to spread the deficit equally among eligible employees in order to project the pool(s) in a zero position at the end of the period.
Fringe Benefit Pool. The board will establish a Salary Reduction Fringe Benefit Plan for all teachers to comply with Section 125 of the Internal Revenue Code. Each teacher shall have the right to reduce his/her salary by $9,000.00 for the purpose of purchasing the district’s group health insurance benefits, group-term life insurance up to $100,000.00, salary protection insurance, dependent care, cancer insurance, dental insurance (if health insurance exceeds $350 per month), or medical deduction not covered by health insurance benefits. Any teacher desiring to reduce his /her salary amount shall provide written notice to the superintendent on the forms provided by the superintendent on or before September 1 of each year. The notification shall include the dollar amount of salary reduction and benefits selected. The benefits or amount of the reduction may not be changed during the plan year except changes in the plan will be allowed upon a change in family status of the employee or the cost of coverage. The plan will cover all certified teachers that are employed half-time or more. The insurance benefits will be selected by the board. If allowed under Section 125 of the Internal Revenue Code, any insurance refunds will be paid on a pro-rata basis to all employees based on premiums paid.
Fringe Benefit Pool. 1. The District shall establish a fringe benefit pool for all certified employees.
Fringe Benefit Pool. The District will pay five hundred and nine dollars and forty five cents ($509.45) per professional employee; of the Preferred Provider Plan (PPO) monthly medical premium for District sponsored Blue Cross Plan. Membership in a District sponsored insurance program shall comply with the policies of the carrier. (See Appendix C for all premium changes and coverage changes.)
Fringe Benefit Pool. 1. The Board shall establish and administer a "cafeteria plan" of tax-free fringe benefits for the teachers as authorized by I.R.C.
Fringe Benefit Pool. 452 Starting with the 1997-98 school year, all eligible employees hired into the district will be required to 453 participate in the district's health insurance program if there is one in effect; so long as the district has enough 454 participants to sustain a health insurance program, eligible employees, new to the district, who are covered by 455 another policy may opt out of this benefit. USD 438, as a member of the Kansas Educator's Insurance Trust 456 (KEIT) health insurance program, shall pay for Option KE4, BDE Triple Option, Afford-A-Blue Choice #3, which 457 is a full single health insurance policy under Option KE4, BDE Triple Option, Afford-A-Blue for all teachers. If 458 an employee wishes to increase his or her coverage under this plan, the additional costs will be at the expense 459 of the teacher. 460 The board-provided health insurance benefit for professional employees covers a 12-month period and 461 shall be renewable annually at the coverage level determined by the employee. The district group health 462 insurance coverage becomes effective October 1 of the year in which the employee enrolls. For those employees 463 who complete their employment contracts for the school year, the district’s health insurance program 464 continues for 12 months of benefits ending September 30 or until a former employee becomes eligible for group 465 health insurance under a new employer’s plan. Should employment be terminated prior to the end of the 466 employee’s contract, health insurance coverage will stop at the end of the last month the employee works. 467 Should the district’s group health insurance carrier require an end to coverage on the last day of the month the 468 school year ends, the district will continue to pay its portion of the health insurance premium for a former 469 employee as COBRA coverage until September 30 or until the former employee becomes eligible for group 470 health insurance under a new employer’s plan. 471 District employees with service of 10 years or more who wish to continue district group health insurance 472 coverage after retirement may do so pursuant to K.S.A. 12-5040. Written application filed with the clerk of the 473 board shall be within 30 days following retirement of the employee. Coverage under the employee group health 474 care benefits plan may cease to be made available upon (1) the retired employee attaining age 65 years, (2) the 475 retired employee failing to make required premium payments on a timely b...
Fringe Benefit Pool a) The Board will provide, at no cost to the teacher, the following on a monthly basis (Part-time teachers will be prorated): The cost of single employee medical insurance ($544.80 per month for 2020-2021).
b) The monies so contributed in (a) above shall be utilized to pay the cost of a fringe benefit program as agreed to by the Board and Association. No changes in either program or carrier will be made during the term of this agreement, except by mutual consent.
c) Teachers may purchase insurance for family members at the teacher’s expense.
d) No individual changes in allocation of benefits or deductions may be made after September 15.
e) Coverage shall begin September 1st and be continuous through August 31st.
f) Up to 15% of employees eligible for medical insurance may opt out of the district insurance plan provided:
1) They submit proof they are covered under another plan.
2) No financial compensation is provided by The Board in lieu of the benefit listed above.
3) The first 15% of eligible applications will be granted.
