Healthcare Trust Fund. Effective January 1, 2018, the Employer will contribute a lump sum amount of $1256 per month on behalf of each employee covered by this Agreement. The Employer’s share shall be $1231 per month and Employee’s share shall be $25 per month. Effective January 1, 2021, the Employer will contribute a lump sum amount of $1281 to the Healthcare Trust Fund. The Employer’s share of the monthly contribution will be $1256 and the Employee’s share will be $25. Effective June 1, 2022, the Employer will contribute a lump sum base rate amount of $1350 to the Healthcare Trust Fund. The Employee’s share will decrease to $0. Contributions shall not be made for employees on LWOP exceeding one month, unless required by law (e.g., FMLA) or Port Policy (e.g., HR-5 addendum 2). For employees on medical disability, contributions shall continue for employees on LWOP but not exceeding 6 months, after FMLA is exhausted. Increases above the Employer’s maximum monthly contribution above the rate specified above shall be shared by the employee and the Port in the following way: The Employee and the Port will contribute 50%-50% of the increase up to an employee’s share of 10% of the total monthly base rate. Once the employee’s contribution has reached 10% of the monthly base rate, future increases shall be split 10% by the employee and 90% by the Port for the duration of this Agreement. The Parties agree should a material change take place in regards to Medical and Dental benefits costs, the parties will meet as soon as practicable to bargain.
Healthcare Trust Fund. (b) Each Employer party to this Agreement agrees to be bound by the terms and provisions of the Trust Agreement governing the Puget Sound Electrical Workers
Healthcare Trust Fund. The employees covered by this Agreement shall be eligible for benefits under the Puget Sound Electrical Workers
Healthcare Trust Fund. Effective June 1, 2017, the Port shall contribute the amount of $8.10 per each hour compensated for the monthly contribution equaling 155 hours each month for each Employee covered by this Agreement. Effective January 1, 2018, the Port will contribute a lump sum base rate amount of $1225 to the Healthcare Trust Fund. The Port’s share of the monthly contribution will be $1200 and the Employee’s share will be $25 per month. The new formula for cost sharing of any future contribution increases necessary by the Trust over the Base Rate of $1225 per month will be 50% Employer share of the increase and 50% Employee share of any increase. When the Employee’s share of the increases reaches $122 per month, future increases that are necessary will be paid at 90% by the Employer and 10% by the Employee. Effective May 31, 2019, the Port will contribute a lump sum base rate amount of $1256 to the Healthcare Trust Fund. The Port’s share of the monthly contribution will be $1231 and the Employee’s share will be $25 per month. The new formula for cost sharing of any future contribution increases necessary by the Trust over the Base Rate of $1256 per month will be 50% Employer share of the increase and 50% Employee share of any increase. When the Employee’s share of the increases reaches $126 per month, future increases that are necessary will be paid at 90% by the Employer and 10% by the Employee.
Healthcare Trust Fund effective January 1, 1976, and all amendments or revisions hereafter adopted, and further agrees to accept as its representatives the current Employer Trustees and their lawfully appointed successors.
Healthcare Trust Fund. Effective June 1, 2014, the Port shall contribute the amount of $7.45 per each hour compensated for the monthly contribution equaling 155 hours each month for each Employee covered by this Agreement. Beginning June 1, 2014, the hourly contribution rate paid by the Port per hour compensated for the monthly contribution equaling 155 hours per month shall be maintained in the following way: Any increases to the healthcare hourly contribution Base Rate of $7.45 that is necessary to match the healthcare contribution rate in effect in the Inside Construction Agreement after June 1, 2014 shall be shared 50% by the employee and 50% by the Port up to 10% of the Base Rate. Once employee contributions have reached 10% of the Base Rate, future increases shall be split 10% paid by the employee and 90% by the Port. The employee’s share of the monthly contribution will be a pre-tax deduction subject to the monthly contribution cap of 155 hours.* *Beginning June 1, 2014, the Port will contribute the hourly rate of $8.35 per hour as currently required by the Inside Construction Agreement for a total monthly contribution rate of $1,294.25. This amount represents an increase of $0.90 over the base rate of $7.45. The Port’s 50% share of the increase amount over the base rate equals $0.45 additional per hour. The Employee’s share of the increase amount over the base rate equals $0.45 additional per hour. Starting June 1, 2014, the Employee, through a pre-tax monthly deduction will contribute a total of $69.75 as the Employee’s share per month. If necessary, the parties agree to discuss increases to the hourly contribution rate during the term of this contract. At any time during the term of this agreement, if the benefits provided by the Puget Sound Electrical Workers Healthcare Trust Fund become subject to an excise penalty, the parties agree to meet and discuss the impact.
Healthcare Trust Fund. Effective June 1, 2016 the employer shall contribute the amount of $8.35 per each hour compensated for the monthly contribution equaling 155 hours each month for each Employee covered by this Agreement. Effective January 1, 2018, the Employer will contribute a lump sum amount of $1256 per month on behalf of each employee covered by this Agreement. The Employer’s share shall be $1231 per month and Employee’s share shall be $25 per month. Increases above the Employer’s maximum monthly contribution rate of $1256 shall be shared by the employee and the Port in the following way: The Employee and the Port will contribute 50%- 50% of the increase up to an employee’s share of 10% of the total monthly base rate. Once the employee’s contribution has reached 10% of the monthly base rate, future increases shall be split 10% by the employee and 90% by the Port for the duration of this Agreement. The Parties agree should a material change take place in regards to Medical and Dental benefits costs, the parties will meet as soon as practicable to bargain.
Healthcare Trust Fund. Effective June 1, 2012, Port contributions to this plan shall be seven dollars and twenty cents ($ 7.20) per actual hour worked for each employee. Effective June 1, 2013 the employer shall contribute the amount of $7.20 per each hour compensated for the monthly contribution equaling 155 hours each month for each Employee covered by this Agreement. Effective January 1, 2014 the employer shall contribute the amount of $7.45 per each hour compensated for the monthly contribution equaling 155 hours each month for each Employee covered by this Agreement. Beginning June 1, 2014, the hourly contribution rate paid by the Port per hour compensated for the monthly contribution equaling 155 hours per month shall be maintained in the following way: Any increases to the healthcare hourly contribution Base Rate of $7.45 that is necessary to match the healthcare contribution rate in effect in the Inside Construction Agreement after June 1, 2014 shall be shared 50% by the employee and 50% by the Port up to 10% of the Base Rate. Once employee contributions have reached 10% of the Base Rate, future increases shall be split 10% paid by the employee and 90% by the Port. The employee’s share of the monthly contribution shall be a pre-tax deduction subject to the monthly contribution amount based on 155 hours. The Parties agree should a material change take place in regards to Medical and Dental benefits costs, the parties will meet as soon as practicable to bargain.
Healthcare Trust Fund. Effective June 1, 2019, the Port will contribute a lump sum base rate amount of $1256 to the Healthcare Trust Fund. The Port’s share of the monthly contribution will be $1231 and the Employee’s share will be $25 per month. The new formula for cost sharing of any future contribution increases necessary by the Trust over the Base Rate of $1256 per month will be 50% Employer share of the increase and 50% Employee share of any increase. When the Employee’s share of the increases reaches $126 per month, future increases that are necessary will be paid at 90% by the Employer and 10% by the Employee. Effective January 1, 2021, the Port will contribute a lump sum base rate amount of $1281 to the Healthcare Trust Fund. The Port’s share of the monthly contribution will be $1256 and the Employee’s share will be $25 per month. Effective June 1, 2022, the Port will contribute a lump sum base rate amount of $1350 to the Healthcare Trust Fund. Effective May 1, 2023, the Employees’ share decreases to $0. The formula for cost sharing of any future contribution increases necessary by the Trust over the Base Rate of $1350 per month will be 50% Employer share of the increase and 50% Employee share of any increase. When the Employee’s share of the increases reaches 10% of the base rate per month, future increases that are necessary will be paid at 90% by the Employer and 10% by the Employee.
Healthcare Trust Fund. The contribution together with the Fringe Benefit Reporting Form shall be mailed to reach the office of the Administrator of the Puget Sound Electrical Workers Healthcare Trust Fund no later than fifteen (15) calendar days following the month in which the hours were worked. Effective 7/2/12 Effective 7/2/12 Effective 7/2/12 Fixture Washer I Fixture Washer II Probationary Technician $0.00 (no H&W benefits) $4.50 Plan 2 $4.50 Plan 2 Effective 7/2/12 Technician $4.50 Plan 2 Effective 7/2/12 Journey Technician $4.50 Plan 2
