Common use of In Lieu Of Coverage Clause in Contracts

In Lieu Of Coverage. 1. A bargaining unit member, working 4.0 or more hours per day, who verifies that he/she is covered by his/her spouse or former spouse’s family hospitalization insurance may elect to waive his/her coverage while the member remains covered by his/her spouse or former spouse and receive a $2000 per year waiver bonus, through the Section 125 Cafeteria Plan A waiver is available for dental/vision in the amount of $250.00. No waiver will be available to employees under the single plan or those who are covered by a spouse’s family hospitalization insurance where the spouse is another employee of this school district. 2. In order to elect this option and receive this additional compensation, the employee must, during the month of September in a given year complete, sign and file with the Treasurer of the Board a form indicating his/her election. Failure to submit the required form by the designated date shall result in a disqualification from payment in lieu of insurance as set forth herein. Once this election is made, it shall remain in effect and the employee shall not be entitled to receive the coverage that she/he elected not to receive for the duration of the one-year period. In the event of a change in the employee's circumstances after this election has been made, the employee may elect to receive the insurance coverage after a three (3) month waiting period. There shall be no pre-existing condition exclusion for any employee who re- enters the insurance in lieu of options discussed above after originally electing not to participate in said programs. 3. At the discretion of the Board, employees hired after the September election date may participate in this payment in lieu of insurance program on a prorated basis. 4. If an employee selects payment in lieu of insurance as provided above, but leaves active pay status at any point prior to the end of the contract year, the employee will be paid a pro-rated amount based upon the proportional amount of time he/she was in active pay status for the contract year. 5. The total in lieu of waiver amount shall be the following amounts: 24 or less in lieu of waivers $2000 25 or more in lieu of waivers $3000 The first in lieu of waiver payment of $1000 shall be paid the first pay in November. The balance of the waiver amounts will be made the first pay in June based on the final in lieu of waiver number(s). 6. If an employee dies before his/her in lieu of payment date, the employee’s estate or beneficiary shall receive any and all in lieu of payments within thirty (30) days after proof is presented to the Treasurer.

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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In Lieu Of Coverage. 1. A bargaining unit member, working 4.0 or more hours per day, member who verifies that he/she is covered by his/her spouse or former spouse’s 's family hospitalization insurance may elect to waive his/her coverage while the member remains covered by his/her spouse or former spouse and receive a $2000 2,000 per year waiver bonus, bonus through the Section 125 Cafeteria Plan Plan. A waiver is available for dental/vision in the amount of $$ 250.00. This waiver(s) will be paid the first pay in June. No waiver will be available to employees under the single plan or those who are covered by a spouse’s 's family hospitalization insurance where the spouse is another employee of this school district. 2. In order to elect this option and receive this additional compensation, the employee teacher must, during the month of September in a given year complete, sign and file with the Treasurer of the Board a form indicating his/her election. Failure to submit the required form by the designated date shall result in a disqualification from payment in lieu of insurance as set forth herein. Once this election is made, it shall remain in effect and the employee teacher shall not be entitled to receive the coverage that shehe/he she elected not to receive for the duration of the one-one year period. In the event of a change in the employee's teacher’s circumstances after this election has been made, the employee teacher may elect to receive the insurance coverage after a three (3) month waiting period. There shall be no pre-pre- existing condition exclusion for any employee teacher who re- re-enters the insurance in lieu of options discussed above after originally electing not to participate in said programs. 3. At the discretion of the Board, employees teachers hired after the September election date may participate in this payment in lieu of insurance program on a prorated basis. 43. If an employee a teacher selects payment in lieu of insurance as provided above, but leaves active pay status at any point prior to the end of the contract year, the employee teacher will be paid a pro-rated amount based upon the proportional amount of time he/she was in active pay status for the contract year. 54. The total in lieu of waiver amount shall be the following amounts: 24 or less in lieu of waivers $2000 25 or more in lieu of waivers $3000 The first in lieu of waiver payment of $1000 shall be paid the first pay in November. The balance of the waiver amounts will be made the first pay in June based on the final in lieu of waiver number(s). 6. If an employee dies before his/her in lieu of payment date, the employee’s estate or beneficiary shall receive any and all in lieu of payments within thirty (30) days after proof is presented to the Treasurer. The parties agree that providing appropriate health care coverage while containing and controlling health care costs is in the long term best interest of the Board and its employees. Therefore, there will be established an Insurance Study Committee which shall be comprised of two (2) members of JATA, the Treasurer, and two (2) members of the administration and/or Board. This Committee, possibly along with a similar committee consisting of members of OAPSE, will review the District’s present insurance coverages in addition to obtaining available information regarding alternative concepts, products, plans, carriers, etc. Health saving accounts will be discussed by the Insurance Committee.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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In Lieu Of Coverage. 1. A bargaining unit member, working 4.0 or more hours per day, member who verifies that he/she is covered by his/her spouse or former spouse’s 's family hospitalization insurance may elect to waive his/her coverage while the member remains covered by his/her spouse or former spouse and receive a $2000 2,000 per year waiver bonus, bonus through the Section 125 Cafeteria Plan Plan. A waiver is available for dental/vision in the amount of $$ 250.00. This waiver(s) will be paid the first pay in June. No waiver will be available to employees under the single plan or those who are covered by a spouse’s 's family hospitalization insurance where the spouse is another employee of this school district. 2. In order to elect this option and receive this additional compensation, the employee teacher must, during the month of September in a given year complete, sign and file with the Treasurer of the Board a form indicating his/her election. Failure to submit the required form by the designated date shall result in a disqualification from payment in lieu of insurance as set forth herein. Once this election is made, it shall remain in effect and the employee teacher shall not be entitled to receive the coverage that shehe/he she elected not to receive for the duration of the one-one year period. In the event of a change in the employee's teacher’s circumstances after this election has been made, the employee teacher may elect to receive the insurance coverage after a three (3) month waiting period. There shall be no pre-existing condition exclusion for any employee teacher who re- re-enters the insurance in lieu of options discussed above after originally electing not to participate in said programs. 3. At the discretion of the Board, employees teachers hired after the September election date may participate in this payment in lieu of insurance program on a prorated basis. 43. If an employee a teacher selects payment in lieu of insurance as provided above, but leaves active pay status at any point prior to the end of the contract year, the employee teacher will be paid a pro-rated amount based upon the proportional amount of time he/she was in active pay status for the contract year. 54. The total in lieu of waiver amount shall be the following amounts: 24 or less in lieu of waivers $2000 25 or more in lieu of waivers $3000 The first in lieu of waiver payment of $1000 shall be paid the first pay in November. The balance of the waiver amounts will be made the first pay in June based on the final in lieu of waiver number(s). 6. If an employee dies before his/her in lieu of payment date, the employee’s estate or beneficiary shall receive any and all in lieu of payments within thirty (30) days after proof is presented to the Treasurer. The parties agree that providing appropriate health care coverage while containing and controlling health care costs is in the long term best interest of the Board and its employees. Therefore, there will be established an Insurance Study Committee which shall be comprised of two (2) members of JATA, the Treasurer, and two (2) members of the administration and/or Board. This Committee, possibly along with a similar committee consisting of members of OAPSE, will review the District’s present insurance coverages in addition to obtaining available information regarding alternative concepts, products, plans, carriers, etc. Health saving accounts will be discussed by the Insurance Committee.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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