- Health Savings Plan Sample Clauses

- Health Savings Plan. The City will provide health insurance coverage to Members through a high deductible, health savings account (HSA). Yearly deductibles shall be $2,000 for single coverage in network and $4,000 for family coverage in network. In addition to the premium share for such policy, as set forth in Section 23.1, the City will make the following contributions to each enrolled and participating Member’s health savings account. Family Coverage $3,400 payable in 2018 Single Coverage $1,700 payable in 2018 Schedule: The above amounts will be made by the City in one annual payment to be deposited within seven (7) business days of January 1. Members who are newly hired during the year shall have the City’s contribution to their HSA prorated based upon the number of full months to be potentially employed by the City in the initial year of hire. Members shall pay to the City the prorated amount of the City’s annual HSA contribution, based upon the number of full months remaining in the calendar year, when they are no longer enrolled and participating as current City employees in the high deductible health insurance plan by reason of separation from employment (for any reason other than the Member’s death, or service or disability retirement from City employment) or as a result of a Member’s election not to participate in the City’s health insurance plan coverage. The City is authorized to collect the above payments through payroll deduction from the Member’s wages, year-end or terminal pays. It is recognized that, in order to comply with the terms of the Affordable Care Act and/or to avoid imposition of any excise tax thereunder during the term of this Agreement, the City may make modifications to medical, dental, vision and prescription insurance coverage for Members and their families to ensure such compliance and/or to avoid the imposition of such tax; provided that prior to making such modifications, the City shall notify the Lodge of the coverage it intends to modify, and provide the Lodge with a meaningful opportunity to discuss and provide input regarding the modification being considered. Such modifications shall not in any way deprive Members of their right under this Agreement to receive medical, dental, vision and prescription insurance coverage for themselves and their families. Such modifications shall be applicable to all other employees of the City not covered by another collective bargaining agreement.
Sample 1
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- Health Savings Plan. The City commits to establishing a citywide Retiree Health Savings Plan as promptly as is administratively feasible with a defined monthly contribution in which all employees may participate. APPENDIX A‌ CITY OF FREMONT SICK LEAVE GUIDELINES BATTALION CHIEF UNIT It is the intent of the parties to jointly develop guidelines for the administration of sick leave in the Fremont Fire Department. The parties acknowledge that sick leave is intended to be taken when employees are legitimately unable to work because of illness or injury. These sick leave guidelines are developed to address instances where sick leave utilization is problematic and not related to a catastrophic or singular event. The parties acknowledge that while legitimate sick leave use does not equate to abuse, sporadic, frequent unscheduled absences are disruptive of company routine and teamwork, administratively burdensome, and costly. The parties have determined that the use of one hundred and forty-four (144) hours or less of sick leave in a twelve (12) month period represents an acceptable level of utilization (96 hours for 40-hour personnel). The parties have agreed to meet as necessary to review sick leave utilization. The parties will:
Sample 1

Related to - Health Savings Plan

  • RETIREE HEALTH SAVINGS PLAN Effective, December 24, 2006, or as soon as administratively possible, the County shall establish a retiree health savings plan (RHSP) by contributing an amount of $25.00 to the employee’s RHSP each biweekly pay period.

  • Health Care Savings Plan As provided in this Agreement, eligible ASF Members will participate in the health care savings plan (HCSP) established under Minnesota Statute 352.98, and as administered by the Plan Administrator. The Employer is responsible only for transferring funds, as specified in this agreement, to the Plan Administrator.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • Retirement Savings 5.6.1 Principals are eligible to join a KiwiSaver scheme in accordance with the terms of those schemes.

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

  • Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying qualified medical expenses of the member who is covered under a high deductible health plan. The member must be covered under the HSA plan for the months in which contributions are made. HIGH DEDUCTIBLE HEALTH PLAN (HDHP) is a health plan that satisfies certain requirements with respect to deductibles and out-of-pocket expenses. The plan cannot provide payment for any covered healthcare service until the plan year deductible is satisfied, with the exception of preventive care services. HOSPITAL means a facility: • that provides medical and surgical care for patients who have acute illnesses or injuries; and • is either listed as a hospital by the American Hospital Association (AHA) or accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO).

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Salaried Employees 1. Employees in this unit who qualify for exemption from the FLSA overtime provisions based upon duties and who are assigned to a class or pay grade, if the class has multiple pay grades, with a top step regular biweekly rate, without bonuses, above the top step regular biweekly rate for the class of Shift Superintendent Wastewater Treatment I shall be treated as salaried employees, in accordance with the provisions of the FLSA as identified in Los Angeles Administrative Code section 4.113(b). Salaried employees may be assigned 5/40, 4/10, 9/80 or other schedules at the discretion of Management. Notwithstanding any LAAC and MOU provisions, or other City department rules and regulations to the contrary, these employees shall not be required to record specific hours of work for compensation purposes, although hours may be recorded for other purposes. These employees will be paid the predetermined salary for each biweekly pay period, as indicated in the appropriate salary appendices, and shall not receive overtime compensation. Salaried employees shall not be subject to deductions from salary or any leave banks for absence from work for less than a full workday. This provision applies to occasional partial day absences from work which is authorized by the appropriate supervisor designated by management. This provision does not apply to long-term or recurring partial day absences (e.g., intermittent leave/reduced work schedule for purposes of Family/Medical Leave). Salaried employees shall not be subject to disciplinary suspension for a period of less than a workweek (seven days; half of the biweekly pay) unless based on violations of a safety rule of major significance. This requirement shall be superseded by the revised Department of Labor FLSA regulations pertaining to disciplinary suspensions of FLSA-exempt employees on the operative date of the FLSA regulations. The appointing authority of each City department may grant time off for hours worked due to unusual situations.

  • 401K Plan The Company presently offers its employees a 401k plan with a Company match to be determined annually by the Compensation Committee of the Board of Directors. You may elect to contribute pre-tax deferrals through payroll deduction pursuant to the terms of the 401k plan.

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