Insurance and Annuities. A. The Board will pay 85% of the Board approved Hospitalization/Major Medical premium for single individuals and family coverage. Beginning January 1, 2013, the plan will be Med Option 6 with Rx Option 2.
B. The Board will pay the premium for a $30,000 term life insurance policy for each member.
C. The Board will pay fifty (50) percent of the Group Dental Plan premiums. The balance of the premiums will be paid by the individual member.
D. The parties agree that it is in the best interest of the District and the Association to secure a health care plan for members that provides for the best health care available at a reasonable price.
E. The Board shall have sole authority to negotiate terms and conditions of insurance benefits and premiums with, and to select carriers of, groups insurance plans; and the Board may change such carriers at any time it deems such change will accrue to the financial benefit of either the Board or members, provided that such change(s) in carriers will not result in any reduction in, or loss of, benefits to unit members which they enjoy now or may enjoy under any succeeding benefit plan. The Association shall be notified thirty (30) calendar days in advance of any proposed change in carrier(s).
F. A joint management/association insurance committee shall stand and be charged with the on-going evaluation of plan benefits and to assure the best, most cost-effective program is offered to members. The Committee shall meet as frequently as needed. The insurance committee will convene during the 2003-2004 school year with a goal to reduce total health insurance costs.
G. Where spouses are employed by the Board, coverage shall be limited to either one (1) family plan for both or dual single plans. These members must take dual single coverage when they have no remaining dependents.
H. A summary of the Plan Document shall be included as a Summary of Benefits in Appendix F.
Insurance and Annuities. To take any actions with respect to any insurance or annuity contracts in which I have an interest when this Power is executed, or in which I later acquire an interest, including the power to acquire additional insurance coverage of any type or additional annuities; continue existing insurance or annuity contracts; agree to modifications in the terms of insurance or annuity contracts in which I have an interest; borrow against insurance or annuity contracts in which I have an interest, to the extent allowed under the contract terms; change beneficiaries under existing contracts and name beneficiaries under new contracts, including the power to designate my Agent as the beneficiary; and, receive dividends, proceeds, and other benefits generated by the contracts; transfer interests in insurance or annuity contracts to the extent permitted under the terms of those contracts.
Insurance and Annuities. A. The District agrees to pay the premium for a group long-term disability insurance policy for each unit member.
B. The District agrees to pay the annual premium for a group term life insurance policy that will provide a $50,000 death benefit for each unit member.
C. The District agrees to annually provide each unit member with $1,000 in a deferred compensation plan. This deferred compensation plan will comply with all IRS rules and regulations.
Insurance and Annuities. I give my attorney in fact the power to take any actions [he believes or she believes or they believe] necessary or desirable with respect to any insurance or annuity contracts in which I have an interest when this Power is executed, or in which I later acquire an interest, including the power to acquire additional insurance coverage of any type or additional annuities; continue existing insurance or annuity contracts; agree to modifications in the terms of insurance or annuity contracts in which I have an interest; borrow against insurance or annuity contracts in which I have an interest, to the extent allowed under the contract terms; change beneficiaries under existing contracts and name beneficiaries under new contracts, [including or but not including] the power to designate [himself or herself or themselves] as the [beneficiary or beneficiaries]; receive dividends, proceeds, and other benefits generated by the contracts; transfer interests in insurance or annuity contracts to the extent permitted under the terms of those contracts; and perform any other acts described in California Probate Code Section 4457, except those acts that conflict with or are limited by a more specific provision in this Power.
Insurance and Annuities. Section 1. Tax-Deferred Accounts Under IRS Code Section 403(b)
a. The Committee encourages all employees of the school district to conduct financial planning for their retirement years. All eligible employees may also make elective contributions, through payroll deduction, to a 403(b) tax-deferred account.
b. Employees may start, stop, or adjust their contributions to their account at any time during the year by submitting a Salary Reduction Agreement provided by the vendor or agent.
c. In accordance with IRS regulations, the Committee reserves the right to limit and select the vendors with whom the District will establish a contractual agreement for services.
Section 2. The group insurance provided by the Town of Norton and as amended during the term of this Agreement shall be applicable to the Professional Employees covered by this Agreement who advise the Superintendent in writing that they desire to participate in said group insurance.
Section 3. The parties hereby reserve the right to reopen Article XIV, Section 2 of this Agreement to negotiate the issue of said group insurance. The party seeking to reopen negotiations will give notice in writing to the other party.
Insurance and Annuities. Section A The District shall provide the following health insurance for each employee and his/her dependents at the Board’s expense:
1. The District will offer a Blue Shield PPO plan, with vision rider. Premiums for the health insurance shall be paid pursuant to the following:
a. Individual Plan - The District will pay 90% of the premium for individual plan.
b. Two-Person Plan - The District will pay 80% of the premium for two-person plan.
c. Family Plan - The District will pay 80% of the premium for family plan.
d. Co-pays shall be the $20.00 plan.
2. The District will offer a Capital District Physicians Health Plan (CDPHP) EPO Plan.
a. Individual Plan - The District will pay 90% of the premium for individual plan.
b. Two-Person Plan - The District will pay 80% of the premium for two-person plan.
c. Family Plan - The District will pay 80% of the premium for family plan.
d. Co-pays shall be the $15.00 plan.
3. Effective July 1 ,2015 new hires shall pay health insurance contributions as follows:
a. Individual Plan - The District will pay 85% of the premium for offered plans.
b. Two-Person Plan - The District will pay 75% of the premium for offered plans.
c. Family P la n - T h e District will pay 75% of the premium for offered plans.
4. Employees hired prior to the July 1,2015 unit will continue to pay the health insurance premium contributions outlined in Sections A(1) and A(2) of this Article.
5. When a minimum of twenty-five percent of eligible district employees SOUTH COLONIE CENTRAL SCHOOL DISTRICT 7/1/2015 - 6/30/2019 Page 24 Section B Section C Section D Section E enroll in the NY 44 Health Benefits Plan Trust, then the unit members from the United Public Service Employees Union shall enroll in the NY 44 Medical Insurance Plan at the first available open enrollment period. The members who retire under the rules of the New York State Employee Retirement System with at least ten (10) years of benefit eligible service in the South Colonie Central School District at the time of retirement shall be entitled to continue the health insurance benefits into retirement, including prescription coverage and vision coverage where provided in the plans currently offered, and shall be offered the same health insurance choices as active members. Effective July 1,2016, all retired unit members who are Medicare eligible are required to migrate into a Medicare Advantage Plan (MAP). The sole exception to a retired unit member not migrating shall occur when a retiree or ...
Insurance and Annuities. A. The Board will pay, at a minimum, the Wyoming Employees’ Group Insurance (EGI) Department calculated employer contribution for eligible classified professionals and their eligible dependents (spouse and/or children) electing health, dental and life insurance coverage.
B. The Employer contributions are fixed dollar amounts calculated by EGI based on the level of coverage elected: Employee only, employee + children, employee + spouse, family or split contracts. If the monthly premium for an employee’s elected insurance benefits is less than the amount the State contributes, the balance remaining is retained by EGI.
C. If the monthly premium for the employee’s election of coverage options exceeds the amount established and appropriated by the legislature, the employee will be responsible for the balance owed. The amount of monthly contribution to be made by employees enrolled in the group insurance plan for themselves and their dependents shall be deducted by NCSD from the employees’ monthly salaries and remitted to Wyoming Employees’ Group Insurance Department.
D. In the event of reduction in state insurance benefits as established October 1, 2010, CIC will re-evaluate the group insurance benefit.
E. No employer contribution is provided for voluntary products.
Insurance and Annuities. A. The District shall provide the following health insurance for each employee and his/her dependents at the Board’s expense:
1. Effective January 1, 2009, the District will offer a Blue Shield PPO 816 plan, with vision rider. Premiums for the health insurance shall be paid pursuant to the following:
a. Individual Plan —The District will pay 90% of the premium for individual.
b. Two-Person Plan - The District will pay 80% of the premium for two-person plan.
c. Family Plan - The District will pay 80% of the premium for family plan.
d. Co-pays shall be the $20.00 except for emergency room visits at $35.
e. Out of Network Deductibles shall be $250 Individual and $500 family.
2. Effective July 1, 2008, the District will offer a Capital District Physicians Health Plan (CDPHP) EPO plan.
a. Individual Plan - The District will pay 90% of the premium for individual plan.
b. Two-Person Plan - The District will pay 80% of the premium for two-person plan.
c. Family Plan - The District will pay 80% of the premium for family plan.
d. Co-pays shall be the $15.00 plan.
Insurance and Annuities. Paragraph 120. Upon the request of a Professional Employee, the Committee will enter into an agreement with said employee to reduce the amount of his/her salary to the extent permitted by Section 403 of the Internal Revenue Code and as it may be amended from time to time and to apply the amount of said reduction in salary to the purchase of a tax sheltered annuity plan for said employee. The effective date of the annuity plan shall be January 1st and April 1st of each calendar year. All arrangements for the participation of the Professional Employees in the annuity plan described in this Paragraph shall be made outside of school hours. Paragraph 121. The group insurance provided by the Town of Rockland and as amended during the term of this Agreement shall be applicable to the Professional Employees covered by this Agreement who advise the Superintendent in writing that they desire to participate in said group insurance.
Insurance and Annuities. The Superintendent may purchase tax sheltered annuities, payments to be made by payroll deduction. The Superintendent shall receive the same fringe benefits including but not limited to individual or family group health insurance and life insurance as accorded to employees. The district shall pay for such benefits at the maximum percentage for such benefits that are paid for any employees of the district. Additionally, the district shall annually provide access to approved tax sheltered annuity plans.
