Health Insurance for Active Employees Sample Clauses

Health Insurance for Active Employees. D. 1. Eligible bargaining unit members shall contribute the following amounts for health insurance: 2021-2022: 15% 2022-2023: 16% 2023-2024: 16.5% 2024-2025: 17% 2025-2026: 17.25% Employees will pay the equivalent of the percentage for the given year provided the increase is no more than 10% of the prior year premium. The premium increase set by the consortium board of directors will be capped at 10% per year. Example: if the health insurance premium were $32,000 (family plan) for the 2021-2022 school year, the employee contribution would be $4,800. You take the premium and multiply it by the percentage to get the employee contribution for that particular year. An employee hired before September 1, 2022, with 20 years of service to the District shall have the District fully pay the cost of the health insurance premium for the retired teacher and their legal dependents.
Sample 1
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Health Insurance for Active Employees 
Sample 1

Related to Health Insurance for Active Employees

  • Retiree Health Insurance Retired members of the Department receiving, or to receive City of Lincoln monthly pension checks, may participate in the group comprehensive health care plan for active City employees, provided that each retiree so desiring will execute the required forms in a timely fashion, and further provided that each retiree will be required to pay the full monthly cost at the current rates subject to any rate increases which may occur from time to time. Such payment will be made by payroll deduction from pension checks, or by direct payment in the case of an early retiree.

  • Health Insurance Benefits To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company’s current group health insurance policies, Executive will be eligible to continue Executive’s group health insurance benefits at Executive’s own expense. If Executive timely elects continued coverage under COBRA, the Company shall pay Executive’s COBRA premiums, and any applicable Company COBRA premiums, necessary to continue Executive’s then-current coverage for a period of 12 months after the date of Executive’s termination of employment; provided, however, that any such payments will cease if Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such premiums. Executive agrees to immediately notify the Company in writing of any such enrollment. Notwithstanding the foregoing, if the Company determines, in its sole discretion, that it cannot provide the foregoing benefit without potentially incurring financial costs or penalties under applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a taxable monthly amount to continue his group health insurance coverage in effect on the date of separation from service (which amount shall be based on the premium for the first month of COBRA coverage), which payments shall be made regardless of whether Executive elects COBRA continuation coverage and shall commence in the month following the month in which Executive incurs a separation from service and shall end on the earlier of (x) the date on which Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such amounts and (y) 12 months after the date of Executive’s separation from service.

  • Special Maternity Allowance for Totally Disabled Employees (a) An employee who:

  • Special Parental Allowance for Totally Disabled Employees (a) An employee who:

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