Common use of HEALTH FUND Clause in Contracts

HEALTH FUND. Subject to the applicable provisions of Chapter 87, HRS, as amended, the Employer shall pay the following monthly contributions to the Hawaii Public Employees Health Fund effective July 1, 1995: A. Sixty percent (60%) of the monthly premium for the Health Fund's medical plan for each employee-beneficiary or for each employee-beneficiary with a dependent-beneficiary enrolled in a health benefits plan covering medical, hospital and surgical benefits only. B. Sixty percent (60%) of the monthly premium for the Health Fund's adult dental plan for each employee-beneficiary or for each employee-beneficiary with a spouse enrolled in the adult dental plan. C. Sixty percent (60%) of the monthly premium for the Health Fund's prescription drug plan for each employee-beneficiary or for each employee-beneficiary with a dependent- beneficiary enrolled in the prescription drug plan. D. Sixty percent (60%) of the monthly premium for the Health Fund's vision care plan for each employee-beneficiary or for each employee-beneficiary with a dependent- beneficiary enrolled in the vision care plan. E. One hundred percent (100%) of the monthly premium for the Health Fund's children's dental plan for each child of an employee-beneficiary who has not attained the age of nineteen (19) and who is enrolled in the children's dental plan. F. One hundred percent (100%) of the monthly premium for the Health Fund's group life insurance plan for each employee-beneficiary enrolled in the group life insurance plan. For purposes of this Article only, the following definitions and formulas shall apply: A. Monthly premium" - the total amount of insurance premium for an active Employee by type of enrollment payable on a monthly basis to the insurance carrier under a contract with the Hawaii Public Employees Health Fund. B. Health Fund's medical plan or adult dental plan or prescription drug plan or vision care plan or children's dental plan or group life insurance plan" - shall be that Employee benefit plan as determined by the Health Fund's Board of Trustees with the largest number of active Employee enrollments as of December 31 of the previous fiscal year. C. Whenever the Employer's monthly contribution to the Hawaii Public Employees Health Fund is less than one hundred percent (100%) of the monthly premium amount, such monthly contribution shall be rounded to the nearest cent as provided below: 1. When rounding to the nearest cent results in an even amount, such even amount shall be the Employer's monthly contribution. For example: a. $11.397 = $11.40 = $11.40 (Employer's monthly contribution) b. $11.382 = $11.38 = $11.38 (Employer's monthly contribution) 2. When rounding to the nearest cent results in an odd amount, round down to the next even amount, and such even amount shall be the Employer's monthly contribution. For example: a. $11.392 = $11.39 = $11.38 (Employer's monthly contribution) b. $11.386 = $11.39 = $11.38 (Employer's monthly contribution)

Appears in 1 contract

Samples: Unit 09 Agreement

AutoNDA by SimpleDocs

HEALTH FUND. Subject to the applicable provisions of Chapter 87, HRS, as amended, the Employer shall pay the following monthly contributions to the Hawaii Public Employees Health Fund effective Fund: A. Effective July 1, 19951997: A. 1. Sixty percent (60%) of the monthly premium for of the Health Fund's medical plan for each employee-beneficiary or for each employee-beneficiary with a dependent-dependent- beneficiary enrolled in a health benefits plan covering medical, hospital and surgical benefits only. B. 2. Sixty percent (60%) of the monthly premium for the Health Fund's adult dental plan for each employee-beneficiary or for each employee-beneficiary with a spouse enrolled in the adult dental plan. C. 3. Sixty percent (60%) of the monthly premium for the Health Fund's prescription drug plan for each employee-beneficiary or for each employee-beneficiary with a dependent- dependent-beneficiary enrolled in the a prescription drug plan. D. 4. Sixty percent (60%) of the monthly premium for for the Health Fund's vision care plan for each employee-beneficiary or for each employee-beneficiary with a dependent- dependent-beneficiary enrolled in the vision care plan. E. 5. One hundred percent (100%) of the monthly premium for the Health Fund's children's dental plan for each child of an employee-beneficiary who has not attained the age of nineteen (19) and who is enrolled in the children's dental plan. F. 6. One hundred percent (100%) of the monthly premium for the Health Fund's group life insurance plan for each employee-beneficiary enrolled in the group life insurance plan. B. Effective July 1, 1998: 1. Sixty percent (60%) of the monthly premium for the Health Fund's medical plan for each employee-beneficiary or for each employee-beneficiary with a dependent- beneficiary enrolled in a health benefits plan covering medical, hospital and surgical benefits only. 2. Sixty percent (60%) of the monthly premium for the Health Fund's adult dental plan for each employee-beneficiary or for each employee-beneficiary with a spouse enrolled in the adult dental plan. 3. Sixty percent (60%) of the monthly premium for the Health Fund's prescription drug plan for each employee-beneficiary or for each employee-beneficiary with a dependent-beneficiary enrolled in a prescription drug plan. 4. Sixty percent (60%) of the monthly premium for the Health Fund's vision care plan for each employee-beneficiary or for each employee-beneficiary with a dependent-beneficiary enrolled in a vision care plan. 5. One hundred percent (100%) of the monthly premium for the Health Fund's children's dental plan for each child of an employee-beneficiary who has not attained the age of 19 and who is enrolled in a children's dental plan. 6. One hundred percent (100%) of the monthly premium for the Health Fund's group life insurance plan for each employee-beneficiary enrolled in the group life insurance plan. For the purposes of this Article only, the following definitions and formulas formula shall apply: A. Monthly premium" - the total amount of insurance premium for an active Employee employee by type of enrollment payable on a monthly basis to the insurance carrier under a contract with the Hawaii Public Employees Health Fund. B. Health Fund's medical plan or adult dental plan or prescription drug plan or vision care plan or children's dental plan or group life insurance plan" - shall be that Employee employee benefit plan as determined by the Health Fund's Board of Trustees with the largest number of active Employee employee enrollments as of December 31 of the previous fiscal year. C. Whenever the Employer's monthly contribution to the Hawaii Public Employees Health Fund is less than one hundred percent (100%) of the monthly premium amount, such monthly contribution shall be rounded to the nearest cent as provided below: 1. When rounding to the nearest cent results in an even amount, such even amount shall be the Employer's monthly contribution. For example: a. (a) $11.397 = $11.40 = $11.40 (Employer's monthly contribution) b. (b) $11.382 = $11.38 = $11.38 (Employer's monthly contribution) 2. When rounding to the nearest cent results in an odd amount, round down to the next even amount, and such even amount shall be the Employer's monthly contribution. For example: a. (a) $11.392 = $11.39 = $11.38 (Employer's monthly contribution) b. (b) $11.386 = $11.39 = $11.38 (Employer's monthly contribution)

Appears in 1 contract

Samples: Collective Bargaining Agreement

HEALTH FUND. Subject to the applicable provisions of Chapter 87, HRS, as amended, the Employer shall pay the following monthly contributions to the Hawaii Public Employees Health Fund effective July 1, 19951997: A. Sixty percent (60%) of the monthly premium for the Health Fund's medical plan for each employee-beneficiary or for each employee-beneficiary with a dependent-beneficiary enrolled in a health benefits plan covering medical, hospital and surgical benefits only. B. Sixty percent (60%) of the monthly premium for the Health Fund's adult dental plan for each employee-beneficiary or for each employee-beneficiary with a spouse enrolled in the adult dental plan. C. Sixty percent (60%) of the monthly premium for the Health Fund's prescription drug plan for each employee-beneficiary or for each employee-beneficiary with a dependent- beneficiary enrolled in the prescription drug plan. D. Sixty percent (60%) of the monthly premium for the Health Fund's vision care plan for each employee-beneficiary or for each employee-beneficiary with a dependent- beneficiary enrolled in the vision care plan. E. One hundred percent (100%) of the monthly premium for the Health Fund's children's dental plan for each child of an employee-beneficiary who has not attained the age of nineteen (19) and who is enrolled in the children's dental plan. F. One hundred percent (100%) of the monthly premium for the Health Fund's group life insurance plan for each employee-beneficiary enrolled in the group life insurance plan. For the purposes of this Article only, the following definitions and formulas formula shall apply: A. Monthly premium" - the total amount of insurance premium for an active Employee employee by type of enrollment payable on a monthly basis to the insurance carrier under a contract with the Hawaii Public Employees Health Fund. B. Health Fund's medical plan or adult dental plan or prescription drug plan or vision care plan or children's dental plan or group life insurance plan" - shall be that Employee employee benefit plan as determined by the Health Fund's Board of Trustees with the largest number of active Employee employee enrollments as of December 31 of the previous fiscal year. C. Whenever the Employer's monthly contribution to the Hawaii Public Employees Health Fund is less than one hundred percent (100%) of the monthly premium amount, such monthly contribution shall be rounded to the nearest cent as provided below: 1. When rounding to the nearest cent results in an even amount, such even amount shall be the Employer's monthly contribution. For example: a. $11.397 = $11.40 = $11.40 (Employer's monthly contribution) b. $11.382 = $11.38 = $11.38 (Employer's monthly contribution) 2. When rounding to the nearest cent results in an odd amount, round down to the next even amount, and such even amount shall be the Employer's monthly contribution. For example: a. $11.392 = $11.39 = $11.38 (Employer's monthly contribution) b. $11.386 = $11.39 = $11.38 (Employer's monthly contribution)

Appears in 1 contract

Samples: Collective Bargaining Agreement

AutoNDA by SimpleDocs

HEALTH FUND. Subject to the applicable provisions of Chapter 87, HRS, as amended, the Employer shall pay the following monthly contributions to the Hawaii Public Employees Health Fund effective July 1, 19951997: A. Sixty percent (60%) of the monthly premium for the Health Fund's medical plan for each employee-beneficiary or for each employee-beneficiary with a dependent-dependent- beneficiary enrolled in a health benefits plan covering medical, hospital and surgical benefits only. B. Sixty percent (60%) of the monthly premium for the Health Fund's adult dental plan for each employee-beneficiary or for each employee-beneficiary with a spouse enrolled in the adult dental plan. C. Sixty percent (60%) of the monthly premium for the Health Fund's prescription drug plan for each employee-beneficiary or for each employee-beneficiary with a dependent- dependent-beneficiary enrolled in the prescription drug plan. D. Sixty percent (60%) of the monthly premium for the Health Fund's vision care plan for each employee-beneficiary or for each employee-beneficiary with a dependent- dependent-beneficiary enrolled in the vision care plan. E. One hundred percent (100%) of the monthly premium for the Health Fund's children's dental plan for each child of an employee-beneficiary who has not attained the age of nineteen (19) and who is enrolled in the children's dental plan. F. One hundred percent (100%) of the monthly premium for the Health Fund's group life insurance plan for each employee-beneficiary enrolled in the group life insurance plan. For purposes of this Article only, the following definitions and formulas shall apply: A. Monthly premium" - the total amount of insurance premium for an active Employee employee by type of enrollment payable on a monthly basis to the insurance carrier under a contract with the Hawaii Public Employees Health Fund. B. Health Fund's medical plan or adult dental plan or prescription drug plan or vision care plan or children's dental plan or group life insurance plan" - shall be that Employee employee benefit plan as determined by the Health Fund's Board of Trustees with the largest number of active Employee enrollments as of December 31 of the previous fiscal year. C. Whenever the Employer's monthly contribution to the Hawaii Public Employees Health Fund is less than one hundred percent (100%) of the monthly premium amount, such monthly contribution shall be rounded to the nearest cent as provided below: 1. When rounding to the nearest cent results in an even amount, such even amount shall be the Employer's monthly contribution. For example: a. $11.397 = $11.40 = $11.40 (Employer's monthly contribution) b. $11.382 = $11.38 = $11.38 (Employer's monthly contribution) 2. When rounding to the nearest cent results in an odd amount, round down to the next even amount, and such even amount shall be the Employer's monthly contribution. For example: a. $11.392 = $11.39 = $11.38 (Employer's monthly contribution) b. $11.386 = $11.39 = $11.38 (Employer's monthly contribution)

Appears in 1 contract

Samples: Unit 13 Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!