Health Benefits Trust Sample Clauses

Health Benefits Trust. A health care benefits trust received one-hundred million and one-hundred thousand dollars ($100,100,000) from the State to establish and administer a health benefits trust to be administered by CCPU. The trust, known as Child Care Providers United – California Workers Health Care Fund (“Fund”), was established for the purpose of providing healthcare benefits, including and not limited to: premium and out-of-pocket healthcare assistance to providers enrolled in health insurance plans through Covered CA, Medicare, Medi-Cal, or a partner/spouse’s employer-based plan and for the purpose of paying administrative, outreach, and other Fund-related costs. CCPU will provide the State an annual report to detail the distribution of funds from the prior year and any remaining balance. The State will give reasonable advance notice to CCPU of federal reporting requirements related to the funds provided pursuant to this MOU, and the parties agree to provide any information the federal government requires to be reported. The parties agree that there is no deadline by which the funding must be exhausted. Beginning April 1, 2024, and for each year of the agreement thereafter, the State shall make a single contribution of additional funding to the Fund within ninety (90) days of receiving the annual report from CCPU to restore the balance to $100,000,000 if the remaining balance in the annual report required by this article is less than $100,000,000. To the extent that additional data is requested from CCPU for trust administration of this benefit, the State will provide any existing information to CCPU, upon request. If the requested data is not currently held by the State, but may be available by a contractor of the State, the State will request the contractor to submit the data to CCPU.
Sample 1
AutoNDA by SimpleDocs
Health Benefits Trust. The Union shall submit a list of those employees who attend the designated advocacy days, to ǀĞƌŝĨLJ ĂƚƚĞŶĚĂŶĐĞ oĨseŽofƌp ayiƚngŚleĞav e. Thŵe ƉUnůioŽn sLJhaĞll ƌpr͛ovƐide thƉisƵƌƉ information in a format specified by the Employer, within ten (10) calendar days following the designated advocacy day. Employees who requested leave, but whose attendance is not verified by the records provided to the Employer and who did not report to work shall be denied paid leave.
Sample 1
Health Benefits Trust. 1.) An ESTA administered retiree health benefits trust will be established to provide health benefit premium contributions for eligible unit member retirees, age sixty-five (65) and older, who retire after January 1, 2004. The trust will not provide health benefit premium contributions for Adult Ed. and ROP unit member retirees. The name of this trust is the Escondido Educators’ Retirement Supplementary Benefits Trust (EERSBT or “Trust” within this document). It is the sole responsibility of the Trust to determine the amount of and to make annual contributions toward medical benefit premiums for eligible unit member retirees after District contributions end at age sixty-five (65). Annually, the Trust will determine the maximum monthly contribution that it can make for eligible unit member retirees who are age sixty-five (65) or older and who retire after January 1, 2004. The words “percent of maximum Trust contribution” in the chart below do not refer to the payment of a percent of the total premium cost for each retiree. Instead, these words refer to a percentage of the maximum annual amount the Trust designates as available for the funding of retiree medical benefits premiums. No later than the fifteenth (15th) day of each month prior to a month of coverage, the Trust shall pay the District the full cost of retiree health benefit premiums for unit member retirees covered under this section. The premium payment forwarded to the District by the Trust shall include the Trust premium contributions and unit member retiree contributions, if any. Thereafter, the District shall forward the premium payment to the District’s health insurance carrier. It shall be the sole responsibility of the Trust to collect any portion of the retiree’s benefit premium which is contributed by the individual retiree. The District shall not have any obligation to forward to its insurance carrier the premium for any eligible unit member retiree who is age sixty-five (65) or older unless and until it receives the full premium from the Trust.
Sample 1

Related to Health Benefits Trust

  • Health Benefits The method for determining the Employer bi-weekly contributions to the cost of employee health insurance programs under the Federal Employees Health Benefits Program (FEHBP) will be as follows:

  • 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.

  • Health Benefits Eligibility a. The State System shall provide an eligible permanent full-time active employee with health benefits. The State System shall provide permanent part-time employees who are expected to be in an active pay status at least fifty (50%) of the time every pay period with health benefits.

  • Retiree Medical Benefits If Executive is or would become fifty-five (55) or older and Executive's age and service equal sixty-five (65) and Executive has at least five (5) years of service with the Company within two (2) years of Change in Control, Executive is eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). Executive is eligible to commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • Education Benefits Notwithstanding the provisions of Article 5, academic staff members who qualify for benefits in accordance with Article 23.5.2.1 may take a credit, or non-credit language class offered by the University provided it does not interfere with performance of duties as determined by the Xxxx. The member and the Xxxx may discuss ways in which duties may be reassigned to make it possible for the member to take the class. Upon successful completion, reimbursement of tuition will be provided for one class per semester.

  • Public Benefits This Agreement provides assurances that the Public Benefits identified below will be achieved and developed in accordance with the Applicable Rules and Project Approvals and with the terms of this Agreement and subject to the City’s Reserved Powers. The Project will provide Public Benefits to the City, including without limitation:

  • Post Retirement Health Care Benefit Employees who separate from State service and who, at the time of separation are insurance eligible and entitled to immediately receive an annuity under a State retirement program, shall be entitled to a contribution of two hundred fifty dollars ($250) to the Minnesota State Retirement System’s (MSRS) Health Care Savings Plan. Employees who have a HCSP waiver on file shall receive a two hundred fifty dollars ($250) cash payment. If the employee separates due to death, the two hundred fifty dollars ($250) is paid in cash, not to the HCSP. An employee who becomes totally and permanently disabled on or after January 1, 2008, who receives a State disability benefit, and is eligible for a deferred annuity under a State retirement program is also eligible for the two hundred fifty dollar ($250) contribution to the MSRS Health Care Savings Plan. Employees are eligible for this benefit only once.

  • Medical Benefits The Company shall reimburse the Employee for the cost of the Employee's group health, vision and dental plan coverage in effect until the end of the Termination Period. The Employee may use this payment, as well as any other payment made under this Section 6, for such continuation coverage or for any other purpose. To the extent the Employee pays the cost of such coverage, and the cost of such coverage is not deductible as a medical expense by the Employee, the Company shall "gross-up" the amount of such reimbursement for all taxes payable by the Employee on the amount of such reimbursement and the amount of such gross-up.

  • Health Care Benefits (a) Each regular full-time employee may elect coverage for himself and his eligible dependents* under one of the following health insurance plans:

Time is Money Join Law Insider Premium to draft better contracts faster.