Health Benefit Adjustments Sample Clauses

Health Benefit Adjustments. A. The MOA will continue to provide a flexible benefits program for the provision of health insurance. Eligible employees shall pay, by payroll deduction, any difference between the employer’s contribution and the total premium required to provide coverage elected by the employee under the flexible benefits program. B. In August 2019 the MOA and AMEA will re-open negotiations only to establish the MOA contribution rate that may include a tiered-rate structure health plan effective January 01, 2020. C. 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 under Article 6.
Sample 1
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Health Benefit Adjustments. A. The MOA will continue to provide a flexible benefits program for the provision of health insurance. Eligible employees shall pay, by payroll deduction, any difference between the employer’s contribution and the total premium required to provide coverage elected by the employee under the flexible benefits program. B. Effective the first full pay period of January 2023 for all employees who do not opt out of the Municipality’s Health Benefits Plan (Plan), the Municipality’s contributions will increase by sixty percent (60%) of the difference, if any, between the 2022 lowest deductible plan and the 2023 lowest deductible plan, with the employees paying the remainder of the premium costs. Employees selecting lower cost plans shall have the FSA/HAS options for the difference between the Municipality’s premium obligation and the cost of the plan the employee selects. C. Effective the first full pay period of January 2024 for all employees who do not opt out of the Municipality’s Health Benefits Plan (Plan), the Municipality’s contributions will increase by sixty percent (60%) of the difference, if any, between the 2023 lowest deductible plan and the 2024 lowest deductible plan, with the employees paying the remainder of the premium costs. Employees selecting lower cost plans shall have the FSA/HAS options for the difference between the Municipality’s premium obligation and the cost of the plan the employee selects. D. Effective the first full pay period of January 2025 for all employees who do not opt out of the Municipality’s Health Benefits Plan (Plan), the Municipality’s contributions will increase by sixty percent (60%) of the difference, if any, between the 2024 lowest deductible plan and the 2025 lowest deductible plan, with the employees paying the remainder of the premium costs. Employees selecting lower cost plans shall have the FSA/HAS options for the difference between the Municipality’s premium obligation and the cost of the plan the employee selects 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 under Article 6.‌
Sample 1
Health Benefit Adjustments. A. Effective January 1, 2017, for all employees who do not opt out of the Municipality’s Health Benefits Plan (Plan), the Municipality’s contribution will increase by 60% of the difference, if any, between the 2016 500 Plan and the 2017 500 Plan, with employees paying the remainder of the premium costs. Employees selecting lower cost plans shall have the FSA/HSA options for the difference between the Municipality’s premium obligation and the cost of the plan the employee selects. B. Effective January 1, 2018, for all employees who do not opt out of the Municipality’s Health Benefits Plan (Plan), C. 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. This Agreement represents the entire agreement between the parties on these issues. Any other written or oral compromise, agreement or representation not specifically included shall be null and void, without effect. No other term, article or section of the AMEA CBA is affected by this Agreement. Pursuant to AMC 3.70.130D., each and every collective bargaining contract, agreement, modification, written interpretation, or other change, alteration or amendment, no matter how denominated, shall include a summary of requirements and remedial provisions, and the certification under oath or affirmation by each duly authorized representative signing on behalf of a party. The duly authorized representatives, on behalf of the parties to this agreement, hereby affirm and certify as follows: A. This agreement complies with Anchorage Municipal Code section 3.70.130. B. Section 3.70.130 requires Assembly approval of all modifications and amendments, no matter how denominated. C. Absent Assembly approval as required by section 3.70.130, any modification or amendment, no matter how denominated, shall be deemed null and void, and any payments made shall be recoverable by the Municipality. D. Absent Assembly approval as required by section 3.70.130, written clarifications and interpretations within the definition of “administrative letter” are invalid. E. Section 3.70.010 prohibits the use of administrative letters to vary the explicit terms of a labor agreement. F. Intentional actions in violation of section 3.70.130 are subject to fines and penalties under section 1.45.010. G. Remedial actions: In the event the provisions of section 3.70.130 are violated by administrative ...
Sample 1
Health Benefit Adjustments. A. Effective the first full month following Assembly approval of this Agreement, for all employees who do not opt out of the Plan, the Municipality’s contribution will be two-thousand one-hundred twelve dollars ($2,112.00), with employees paying the remainder of the premium costs. B. Effective January 1, 2022, for all employees who do not opt out of the Plan, the Municipality’s contribution will increase by sixty percent (60%) of the difference, if any, between the premium of 2021 lowest deductible Plan and the premium of 2022 lowest deductible plan, with employees paying the remainder of the premium costs. C. Effective January 1, 2023, for all employees who do not opt out of the Plan, the Municipality’s contribution will increase by sixty percent (60%) of the difference, if any, between the premium of 2022 lowest deductible Plan and the premium of 2023 lowest deductible plan, with employees paying the remainder of the premium costs. D. Effective January 1, 2024, for all employees who do not opt out of the Plan, the Municipality’s contribution will increase by sixty percent (60%) of the difference, if any, between the premium of 2023 lowest deductible Plan and the premium of 2024 lowest deductible plan, with employees paying the remainder of the premium costs. 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 under Article 6.
Sample 1

Related to Health Benefit Adjustments

  • REFUND OF UNEARNED COMPENSATION The Party of the Second Part agrees to refund the Party of the First Part any compensation received for which no services were rendered. TERMINATION: This contract may be terminated by either party pursuant to law. OTHER CONDITIONS: Any subsequent contracts shall supersede the provisions of this contract. PARTIES: The Fort Xxxxx School District 100, Party of the First Part, and XXXXX XXXXX XXXXX Party of the Second Part, agree as follows:

  • Salary Adjustments At any time during the term of this Contract, the Board may, in its discretion, review and adjust the salary of the Superintendent, but in no event shall the Superintendent be paid less than the salary set forth in Section 3.1 of this Contract except by mutual agreement of the two parties. Such adjustments, if any, shall be made pursuant to a lawful Board resolution. In such event, the parties agree to provide their best efforts and reasonable cooperation to execute a new contract incorporating the adjusted salary.

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • Code Section 754 Adjustments To the extent an adjustment to the adjusted tax basis of any Partnership asset pursuant to Section 734(b) or 743(b) of the Code is required, pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(m), to be taken into account in determining Capital Accounts, the amount of such adjustment to the Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis), and such item of gain or loss shall be specially allocated to the Partners in a manner consistent with the manner in which their Capital Accounts are required to be adjusted pursuant to such Section of the Treasury Regulations.

  • Health Benefits For the eighteen (18) month period following the Termination Date, provided that Executive is eligible for, and timely elects COBRA continuation coverage, the Company will pay on Executive’s behalf, the monthly cost of COBRA continuation coverage under the Company’s group health plan for Executive and, where applicable, her spouse and dependents, at the level in effect as of the Termination Date, adjusted for any increase in such level paid by the Company for active employees, less the employee portion of the applicable premiums that Executive would have paid had she remained employed during the such eighteen (18) month period (the COBRA continuation coverage period shall run concurrently with the eighteen (18) month period that COBRA premium payments are made on Executive’s behalf under this subsection 1(a)(ii)). The reimbursements described herein shall be paid in monthly installments, commencing on the sixtieth (60th) day following the Termination Date, provided that the first such installment payment shall include any unpaid reimbursements that would have been made during the first sixty (60) days following the Termination Date. Notwithstanding the foregoing, the Company’s payment of the monthly COBRA premiums in accordance with this subsection 1(a)(ii) shall cease immediately upon the earlier of: (A) the end of the eighteen (18) month period following the Termination Date, or (B) the date that Executive is eligible for comparable coverage with a subsequent employer. Executive agrees to notify the Company in writing immediately if subsequent employment is accepted prior to the end of the eighteen (18) month period following the Termination Date and Executive agrees to repay to the Company any COBRA premium amount paid on Executive’s behalf during such period for any period of employment during which group health coverage is available through a subsequent employer. Notwithstanding the foregoing, the Company reserves the right to restructure the foregoing COBRA premium payment arrangement in any manner necessary or appropriate to avoid fines, penalties or negative tax consequences to the Company or Executive (including, without limitation, to avoid any penalty imposed for violation of the nondiscrimination requirements under the Patient Protection and Affordable Care Act or the guidance issued thereunder), as determined by the Company in its sole and absolute discretion.

  • Retiree Health Benefits 1. There is currently in effect a retiree health benefit program for retired members of LACERS under LAAC Division 4, Chapter 11. All covered employees who are members of LACERS, regardless of retirement tier, shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits as provided by this program. The retiree health benefit available under this program is a vested benefit for all covered employees who make this contribution, including employees enrolled in LACERS Tier 3. 2. With regard to LACERS Tier 1, as provided by LAAC Section 4.1111, the monthly Maximum Medical Plan Premium Subsidy, which represents the Kaiser 2-party non-Medicare Part A and Part B premium, is vested for all members who made the additional contributions authorized by LAAC Section 4.1003(c). 3. Additionally, with regard to Tier 1 members who made the additional contribution authorized by LAAC Section 4.1003(c), the maximum amount of the annual increase authorized in LAAC Section 4.1111(b) is a vested benefit that shall be granted by the LACERS Board. 4. With regard to LACERS Tier 3, the Implementing Ordinance shall provide that all Tier 3 members shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits, and shall amend LAAC Division 4, Chapter 11 to provide the same vested benefits to all Tier 3 members as currently are provided to Tier 1 members who make the same four percent (4%) contribution to LACERS under the retiree health benefit program. 5. The entitlement to retiree health benefits under this provision shall be subject to the rules under LAAC Division 4, Chapter 11 in effect as of the effective date of this provision, and the rules that shall be placed into LAAC Division 4, Chapters 10 and 11, with regard to Tier 3, by the Implementing Ordinance. 6. As further provided herein, the amount of employee contributions is subject to bargaining in future MOU negotiations. 7. The vesting schedule for the Maximum Medical Plan Premium Subsidy for employees enrolled in LACERS Tier 1 and LACERS Tier 3 shall be the same. 8. Employees whose Health Service Credit, as defined in LAAC Division 4, Chapter 11, is based on periods of part-time and less than full-time employment, shall receive full, rather than prorated, Health Service Credit for periods of service. The monthly retiree medical subsidy amount to which these employees are entitled shall be prorated based on the extent to which their service credit is prorated due to their less than full time status.

  • Utility Adjustments DB Contractor shall not commence or permit or suffer commencement of construction of a Utility Adjustment included in the Construction Work until TxDOT issues NTP2, all of the conditions set forth in Section 4.4.1 that are applicable to the Utility Adjustment (reading such provisions as if they referred to the Utility Adjustment) have been satisfied, and the following additional requirements have been satisfied: (a) If applicable, the Alternate Procedure List has been approved by FHWA, and either the affected Utility or the Utility Owner is on the approved Alternate Procedure List, as supplemented. (b) The Utility Adjustment is covered by an executed Utility Agreement. (c) The review and comment process has been completed and any required approvals have been obtained for the Utility Assembly covering the Utility Adjustment.

  • SALARY STEP PLAN AND SALARY ADJUSTMENTS Appointments to positions in the City and County service shall be at the entrance rate established for the position except as otherwise provided herein.

  • Compensation/Benefit Programs During the Term of Employment, the Executive shall be entitled to participate in all medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans, and any and all other plans as are presently and hereinafter offered by the Company to its executive personnel, including savings, pension, profit-sharing and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans.

  • Salary Adjustment The salary of an employee returning from uncompensated leave shall be adjusted to reflect all non-discretionary increases distributed during the period of leave. While on such leave, an employee shall be eligible to participate in any special salary incentive programs.

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