Health Insurance Benefit. The Board shall pay, in addition to salary, a fringe benefit for teachers. The Board agrees to pay the cost of the lowest tier single plan of the district provided health insurance to be applied towards a district health insurance plan. Said benefit will not exceed $500.00 per month. The plan will cover all certified/licensed teachers employed at least .5 FTE Certified/licensed teachers who began employment prior to August 11, 1998, and choose not to enroll in the district’s health insurance plan, will receive a benefit of $64 per month as cash. This is a fixed cash amount; it shall not increase even if the Board’s contribution to the insurance plan increases. Teachers hired after August 11, 1998, must use their benefit for the purpose of purchasing the district’s health insurance plan. New employees who do not wish to purchase the health insurance plan will forfeit the benefit amount. Should those who choose the cash option later decide to join the district’s health plan, they shall forfeit the cash since it will be applied to the insurance plan. Furthermore, this is a one-way decision, in that a person moving from a cash option to an insurance fringe cannot later go back to the cash option.
Appears in 2 contracts
Samples: www.usd506.org, www.usd506.org
Health Insurance Benefit. The Board shall pay, in addition to salary, a fringe benefit for teachers. The Board agrees to pay the cost of the lowest tier single plan of the district provided health insurance to be applied towards a district health insurance plan. Said benefit will not exceed $500.00 510.00 per month. The plan will cover all certified/licensed teachers employed at least .5 FTE Certified/licensed teachers who began employment prior to August 11, 1998, and choose not to enroll in the district’s health insurance plan, will receive a benefit of $64 per month as cash. This is a fixed cash amount; it shall not increase even if the Board’s contribution to the insurance plan increases. Teachers hired after August 11, 1998, must use their benefit for the purpose of purchasing the district’s health insurance plan. New employees who do not wish to purchase the health insurance plan will forfeit the benefit amount. Should those who choose the cash option later decide to join the district’s health plan, they shall forfeit the cash since it will be applied to the insurance plan. Furthermore, this is a one-way decision, in that a person moving from a cash option to an insurance fringe cannot later go back to the cash option.
Appears in 2 contracts
Samples: www.usd506.org, www.usd506.org
Health Insurance Benefit. The Board shall pay, in addition to salary, a fringe benefit for teachers. The Board agrees to pay the cost of the lowest tier single plan of the district provided health insurance to be applied towards a district health insurance plan. Said benefit will not exceed $500.00 495.00 per month. The plan will cover all certified/licensed teachers employed at least .5 FTE Certified/licensed teachers who began employment prior to August 11, 1998, and choose not to enroll in the district’s health insurance plan, will receive a benefit of $64 per month as cash. This is a fixed cash amount; it shall not increase even if the Board’s contribution to the insurance plan increases. Teachers hired after August 11, 1998, must use their benefit for the purpose of purchasing the district’s health insurance plan. New employees who do not wish to purchase the health insurance plan will forfeit the benefit amount. Should those who choose the cash option later decide to join the district’s health plan, they shall forfeit the cash since it will be applied to the insurance plan. Furthermore, Furthermore this is a one-way decision, in that a person moving from a cash option to an insurance fringe cannot later go back to the cash option.
Appears in 2 contracts
Samples: usd506.socs.net, www.usd506.org
Health Insurance Benefit. The Board shall pay, in addition to salary, a fringe benefit for teachers. The Board agrees to pay the cost of the lowest tier single plan of the district provided health insurance to be applied towards a district health insurance plan. Said benefit will not exceed $500.00 490.37 per month. The plan will cover all certified/licensed teachers employed at least .5 FTE Certified/licensed teachers who began employment prior to August 11, 1998, and choose not to enroll in the district’s health insurance plan, will receive a benefit of $64 per month as cash. This is a fixed cash amount; it shall not increase even if the Board’s contribution to the insurance plan increases. Teachers hired after August 11, 1998, must use their benefit for the purpose of purchasing the district’s health insurance plan. New employees who do not wish to purchase the health insurance plan will forfeit the benefit amount. Should those who choose the cash option later decide to join the district’s health plan, they shall forfeit the cash since it will be applied to the insurance plan. Furthermore, Furthermore this is a one-way one-‐way decision, in that a person moving from a cash option to an insurance fringe cannot later go back to the cash option.
Appears in 1 contract
Samples: www.usd506.org
Health Insurance Benefit. The Board shall pay, in addition to salary, a fringe benefit for teachers. The Board agrees to pay the cost of the lowest tier single plan of the district provided health insurance to be applied towards a district health insurance plan. Said benefit will not exceed $500.00 490.37 per month. The plan will cover all certified/licensed teachers employed at least .5 FTE Certified/licensed teachers who began employment prior to August 11, 1998, and choose not to enroll in the district’s health insurance plan, will receive a benefit of $64 per month as cash. This is a fixed cash amount; it shall not increase even if the Board’s contribution to the insurance plan increases. Teachers hired after August 11, 1998, must use their benefit for the purpose of purchasing the district’s health insurance plan. New employees who do not wish to purchase the health insurance plan will forfeit the benefit amount. Should those who choose the cash option later decide to join the district’s health plan, they shall forfeit the cash since it will be applied to the insurance plan. Furthermore, Furthermore this is a one-way one-‐‑way decision, in that a person moving from a cash option to an insurance fringe cannot later go back to the cash option.
Appears in 1 contract
Samples: usd506.socs.net
Health Insurance Benefit. The Board shall pay, in addition to salary, a fringe benefit for teachers. The Board agrees to pay the cost of the lowest tier single plan of the district provided health insurance to be applied towards a district health insurance plan. Said benefit will not exceed $500.00 610.00 per month. The plan will cover all certified/licensed teachers employed at least .5 FTE Certified/licensed teachers who began employment prior to August 11, 1998, and choose not to enroll in the district’s health insurance plan, will receive a benefit of $64 per month as cash. This is a fixed cash amount; it shall not increase even if the Board’s contribution to the insurance plan increases. Teachers hired after August 11, 1998, must use their benefit for the purpose of purchasing the district’s health insurance plan. New employees who do not wish to purchase the health insurance plan will forfeit the benefit amount. Should those who choose the cash option later decide to join the district’s health plan, they shall forfeit the cash since it will be applied to the insurance plan. Furthermore, this is a one-way decision, in that a person moving from a cash option to an insurance fringe cannot later go back to the cash option.
Appears in 1 contract
Samples: www.usd506.org
Health Insurance Benefit. The Board shall pay, in addition to salary, a fringe benefit for teachers. The Board agrees to pay the cost of the lowest tier single plan of the district provided health insurance to be applied towards a district health insurance plan. Said benefit will not exceed $500.00 560.00 per month. The plan will cover all certified/licensed teachers employed at least .5 FTE Certified/licensed teachers who began employment prior to August 11, 1998, and choose not to enroll in the district’s health insurance plan, will receive a benefit of $64 per month as cash. This is a fixed cash amount; it shall not increase even if the Board’s contribution to the insurance plan increases. Teachers hired after August 11, 1998, must use their benefit for the purpose of purchasing the district’s health insurance plan. New employees who do not wish to purchase the health insurance plan will forfeit the benefit amount. Should those who choose the cash option later decide to join the district’s health plan, they shall forfeit the cash since it will be applied to the insurance plan. Furthermore, this is a one-way decision, in that a person moving from a cash option to an insurance fringe cannot later go back to the cash option.
Appears in 1 contract
Samples: www.usd506.org
Health Insurance Benefit. The Board shall pay, in addition to salary, a fringe benefit for teachers. The Board agrees to pay teachers in the cost amount of the lowest tier single plan of the district provided health insurance $490.37 per month to be applied towards a to the district health insurance plan. Said benefit will not exceed Excess dollars beyond basic cost up to the amount of $500.00 per month490.37 may only be used to purchase health package addHons. The plan will cover all certified/licensed teachers employed at least .5 FTE Certified/licensed teachers who began employment prior to August 11, 1998, and choose not to enroll in the district’s health insurance plan, will receive a benefit of $64 per month as cash. This is a fixed cash amount; it shall not increase even if the Board’s contribution to the insurance plan increases. Teachers hired after August 11, 1998, must use their benefit for the purpose of purchasing the district’s health insurance plan. New employees who do not wish to purchase the health insurance plan will forfeit the benefit amount. Should those who choose the cash option later decide to join the district’s health plan, they shall forfeit the cash since it will be applied to the insurance plan. Furthermore, Furthermore this is a one-way oneHway decision, in that a person moving from a cash option to an insurance fringe cannot later go back to the cash option.
Appears in 1 contract
Samples: www.usd506.org
Health Insurance Benefit. The Board shall pay, in addition to salary, a fringe benefit for teachers. The Board agrees to pay the cost of the lowest tier single plan of the district provided health insurance to be applied towards a district health insurance plan. Said benefit will not exceed $500.00 510.00 per month. The plan will cover all certified/licensed teachers employed at least .5 FTE Certified/licensed teachers who began employment prior to August 11, 1998, and choose not to enroll in the district’s health insurance plan, will receive a benefit of $64 per month as cash. This is a fixed cash amount; it shall not increase even if the Board’s contribution to the insurance plan increases. Teachers hired after August 11, 1998, must use their benefit for the purpose of purchasing the district’s health insurance plan. New employees who do not wish to purchase the health insurance plan will forfeit the benefit amount. Should those who choose the cash option later decide to join the district’s health plan, they shall forfeit the cash since it will be applied to the insurance plan. Furthermore, this is a one-way one‐way decision, in that a person moving from a cash option to an insurance fringe cannot later go back to the cash option.
Appears in 1 contract
Samples: usd506.socs.net