HEALTH INSURANCE AND RETIREMENT BENEFITS Sample Clauses

HEALTH INSURANCE AND RETIREMENT BENEFITS. Town Manager shall be entitled to participate in the Town’s health insurance and retirement plan programs in accordance with the provisions of the Employee Handbook and other applicable Town personnel policies.
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HEALTH INSURANCE AND RETIREMENT BENEFITS. In addition to the benefits listed below, all employees covered by this Agreement shall be entitled to purchase Universal Life, Cancer Policy, Critical Illness, Nursing Care or any other Insurance Policy presented by the IAM. Participation in such programs shall be strictly voluntary and paid through payroll deduction. Plans shall be offered through Agencies and Underwriters selected by the union. The Company shall allow the IAM reasonable opportunity for onsite enrollment at least once each year. 23.1 In the event the amount paid by an employee, either on his behalf or on behalf of one or more of his dependents, exceeds $1,500 with respect to a calendar year covered by the medical insurance, such medical program under which the employee is covered shall pay one hundred percent (100%) of the excess of that year's payments. This coverage shall be limited to each calendar year. Such insurance shall apply only to eligible expenses which are covered and included as part of the medical plan.
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HEALTH INSURANCE AND RETIREMENT BENEFITS. A. The Board shall provide insurance benefits to those who are eligible for such benefits under the terms and conditions set forth in this Collective Bargaining Agreement as follows. Benefits provided under this Article shall be effective during the period of this contract for all Administrators returning and from the first day of work until the end of this contract for Administrators employed after the effective date of this contract. The Board will comply with all applicable State Statutes regarding insurance coverage for Administrators. B. The Board shall provide the following health and insurance benefits for the individual Administrator or, where applicable, the family: (1) The insurance plan provided under the prior collective bargaining agreement shall continue through August 31, 2014. Effective September 1, 2014, the terms of such plan shall include: High Deductible Health Plan with Health Care Savings Account Annual Deductible Single Coverage $2,000 Family Coverage $4,000 There shall be a 90% employer/10% employee co-insurance for in-network claims above the annual deductible for total out-of-pocket co-insurance maximums as follows: 2014-2015 2015-2016 2016-2017 Single Coverage $250 $375 $500 Family Coverage $500 $750 $1,000 Health Savings Account Employer Contributions: 2014-2015 2015-2016 2016-2017 Single Coverage $1,400 $1,200 $1,000 Family Coverage $2,800 $2,400 $2,000 Such employer contributions for active employees shall be made as follows: September 1, 2014: 100% September 1, 2015: 50% March 1, 2016: 50% September 1, 2016 and thereafter: 25% per quarter There shall be a 70%/30% coinsurance for out-of-network claims to a $4000/$8000 out-of-pocket limit. Unit members not eligible to participate in the plan above shall be eligible for a similarly-designed HDHP with a Health Reimbursement Account. (2) For the duration of this Agreement, Term Life Insurance shall be provided by the Board, to be equal to one and one-half (1 1/2) time the Administrator’s total annual salary. Total annual salary is defined as "that salary from which retirement contributions are deducted" (3) Dependent Term Life Insurance: (a) Spouse - $2,000 (b) Children - $1,000 (six [6] months to age twenty-one [21]; $100 (fourteen [14] days to six [6] months). (4) Survivor's Insurance -- the designated beneficiary of a deceased Administrator will receive $200 per month for two (2) years plus $100 per month for eight
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HEALTH INSURANCE AND RETIREMENT BENEFITS. Employer does not provide Health Insurance or Retirement Benefits. Employee elects to be covered under Employer’s health/medical plan, Employer agrees to pay one-half (1/2) of such expense with the understanding that Employee shall pay for the entire cost of dependent coverage.
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HEALTH INSURANCE AND RETIREMENT BENEFITS. In addition to the benefits listed below, all employees covered by this Agreement shall be entitled to purchase Universal Life, Cancer Policy, Critical Illness, Nursing Care or any other Insurance Policy presented by the IAM. Participation in such programs shall be strictly voluntary and paid through payroll deduction. Plans shall be offered through Agencies and Underwriters selected by the union. The Company shall allow the IAM reasonable opportunity for onsite enrollment at least once each year. 23.1 In the event the amount paid by an employee, either on his behalf or on behalf of one or more of his dependents, exceeds $1,500 with respect to a calendar year covered by the medical insurance, such medical program under which the employee is covered shall pay one hundred percent (100%) of the excess of that year's payments. This coverage shall be limited to each calendar year. Such insurance shall apply only to eligible expenses which are covered and included as part of the medical plan. 23.2 MEDICAL Effective DOS, n New employees shall be given 30 days from their first day of employment to enroll into the available medical plans offered. At the end of the 30th day, if the employee has either failed to voluntarily enroll into a plan and/or has not elected to participate in the medical waiver plan, that employee shall be automatically enrolled into a medical plan selected by the Company for the employee only. The Company will offer the following medical plan options as set forth below, and will not change or modify these plans without mutual agreement with the Union. GROUP ONE a) HMSA Preferred Provider Plan (PPP) b) Kaiser Health Plan B (HMO) GROUP TWO c) HMSA COMPMED – A, or equivalent d) Kaiser Prevalent Plan, or equivalent Effective with the normal 2016 Open Enrollment for year 2017 there Group One plans will be a four tiered system applied to employees based upon eligibility. Those four tiers are employee, employee plus children, employee plus spouse, and family. Employees will make the following monthly contributions by way of payroll reduction to for the cost of their health care plan(s): GROUP ONE The monthly contribution for each employee will be 20% of the premium, with such monthly contribution not to exceed the lesser of: Effective with the Normal 2016 Open enrollment period for year 2017 benefits, the 20% as mentioned in this paragraph will become 15% as it relates to the monthly employee contribution and will be effective in January 2017.
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HEALTH INSURANCE AND RETIREMENT BENEFITS. To the extent Employee can meet applicable eligibility requirements, Employee shall be entitled, during the Employment Term, to receive and participate in any retirement program, and in any medical, dental and vision insurance plans, provided to other District management-level employees. District’s retirement and medical coverage is presently provided by CalPERS. Employee and District intend that Employee be a classic member of CalPERS for this purpose. Employee will verify and establish directly with CalPERS that he qualifies as a classic member, and District will assist him in any way it reasonably can in establishing his classic member status. District represents to Employee that District’s present personnel policy on CalPERS includes the following: “All regular employees are eligible to participate in the CalPERS Retirement System Plan. Participation in the CalPERS Retirement System Plan is mandatory and is in lieu of Social Security. District and Employee agree that Employee will reimburse District 7% of Employer’s “Required Contribution”.
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Related to HEALTH INSURANCE AND RETIREMENT BENEFITS

  • 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.

  • 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.

  • Insurance and Benefits Company shall allow Executive to participate in each employee benefit plan and to receive each executive benefit that Company provides for senior executives at the level of Executive's position.

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