INSURANCE AND ANNUITY PLANS Sample Clauses

INSURANCE AND ANNUITY PLANS. Section 1. Employees may, at their request, participate in a tax-sheltered annuity plan. Section 2. For employees working more than twenty (20) hours per week, the School Committee will pay: A. 50% of a two-thousand ($2,000) dollar term life insurance policy.
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INSURANCE AND ANNUITY PLANS. A. The Committee will continue to provide the same life insurance coverage for teachers as they received in 1983-84. B. Teachers will be covered by the same Blue Cross/Blue Shield health insurance plan as other town employees, and the Committee agrees to deduct from his paycheck the individual’s share of the cost of such Blue Cross/Blue Shield program as individually authorized by the teacher. While teachers are covered by the Town’s dental program (Dental Services of Massachusetts, Inc.), for those teachers who have opted for such program, the Committee agrees to deduct from her/his paycheck the teacher’s share of the cost of such program as individually authorized by the teachers. C. Teachers will be eligible to participate in a “tax sheltered” Annuity Plan established pursuant to United States Public Law 87-370. D. There will be a match of up to$250.00 made by the employer into a 403 B account in school year 2013-14. The third party administrator will be jointly decided on by both the DTA and administration, and will be set up and ready to be implemented by school year 2013-14. This provision will sunset June 30th, 2014 unless the parties agree to an extension. E. Professional Liability Insurance shall be provided and paid by the Committee to Nurses$100,000 - $300,000. Evidence of such shall be given to each Nurse including the name of the insuring company and the policy number.
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INSURANCE AND ANNUITY PLANS. 15.01. The Committee will pay the maximum percentage permitted by Town policy of the cost of the following types of insurance coverage: a) A term life insurance plan of the type presently available to employees. b) The Committee agrees to provide health insurance for both individual and family coverage, whichever applies in the particular case, on the same terms as are provided to Town employees. c) Employees will be able to participate in a “tax-deferred” Annuity Plan established pursuant to United States Public Law #87-370. Authority to participate in an annuity plan shall be given to the Town Treasurer any time after the start of the school year, but by no later than October 30th.
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INSURANCE AND ANNUITY PLANS. Section 1. Employees may, at their request, participate in a tax-sheltered annuity plan. Section 2. For employees working twenty (20) or more hours per week, the Town of Weston will continue to pay 50% of the cost of: a. a two-thousand ($2,000) dollar term life insurance policy of the type presently in effect; b. individual or family coverage, whichever applies, of the health insurance plan presently in effect. Section 3. If the Town of Weston increases its percentage of payment of the cost of insurance for other Town employees, the same percentage rate shall apply to those Employees covered by this Agreement. Section 4. Stipends will be added to the regular pay of those employees who were employed by Weston Public Schools as of December 21, 2007 and who choose non-indemnity health insurance as part of their Weston benefit package. The annual stipend amount will be divided equally by the number of pay periods. Upon the transfer into the Commonwealth of Massachusetts GIC, the applicable FY2009 stipend amount, as set forth below, shall be fixed (“grandfathered”) as the stipend amount for the eligible employee, subject only to the agreed-upon base wage cost of living increases set forth in Appendix A, provided the eligible employee maintains health insurance coverage with the Town and the same type of coverage (i.e. individual or family). The stipend level will change to match coverage levels selected during the enrollment period for the coming year; e.
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INSURANCE AND ANNUITY PLANS. 31.1 Teachers will have extended to them all health and insurance plans made available to Town employees. 31.2 Teachers accept the Town of Lincoln's recommended health care policies and changes, effective November 1, 1996.
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INSURANCE AND ANNUITY PLANS. Section 1. Eligible teachers may at their request participate in a Tax-Sheltered Annuity Plan.
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INSURANCE AND ANNUITY PLANS. Except for current teachers enrolled in a plan different than the plan set forth below (e.g. Blue Cross Classic and/or Blue Chip) all teachers shall be eligible to receive an individual or family plan, as applicable, as their medical insurance, the "Healthmate Coast to Coast" plan from Blue Cross. (See attached Design Plan.) Said PPO plan shall have a 500/1000 deductible. It is further agreed that you (2) members of the same family may not obtain double coverage in either plan when they are both in the Bargaining Unit. The Committee agrees, however, to reimburse any such teacher for any expenses incurred which would have been covered had the double coverage been in force. In the event two (2) members of the same family within the Bargaining Unit select the Blue Cross and a Health Maintenance Organization health insurance, the Committee has no obligation to reimburse for expenses not covered by double coverage in either plan. The Extended Health Care Benefit Plan hereinafter referred to relates to that health coverage provided to retirees who are otherwise eligible and who have elected previous hereto to participate in said Plan. Effective September 1, of the 2012-2013 contract, all members of the bargaining unit and any future retiree who does not participate in the Extended Health Care Benefit Plan shall pay: 20% of the premium cost for health insurance, payable through payroll deductions. Any cost share shall be paid with pre-tax dollars to the extent allowed by law. A. Teachers will be eligible to participate in a "tax sheltered" annuity plan established pursuant to United States Law No. 87-370. B. The Committee will pay for each teacher the full premium cost for $50,000 term life insurance. Such insurance shall be that as found in Plan A, NEA Insurance. C. The Committee will provide Worker's Compensation for all teachers. D. The Committee shall provide individual and family membership in the Delta Plan- sponsored by Delta Dental of Rhode Island, Inc., benefits to be at the Fourth Level for individuals and the Fourth Level for families with Rider for Students to age 26. The School Department, in the event of two (2) members of the same family seeking Delta Dental could elect to self-insure for the second member so that any benefits that were not available by virtue of the lack of dual membership would be paid directly by the School Department to the member. E. Effective September 1, 1998, all medical plans offered by the Newport School Committee will in...
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Related to INSURANCE AND ANNUITY PLANS

  • INSURANCE AND PENSION In accordance with RCW 41.80.010(7), the insurance and pension conditions for all members of the bargaining unit will be as follows. 26.1 For the 2017-2019 biennium, the Employer will contribute an amount equal to eighty-five percent (85%) of the total weighted average of the projected health care premium for each bargaining unit employee eligible for insurance each month, as determined by the Public Employees Benefits Board. The projected health care premium is the weighted average across all plans, across all tiers. 26.2 The point-of-service costs of the Classic Uniform Medical Plan (deductible, out-of-pocket maximums and co-insurance/co-payment) may not be changed for the purpose of shifting health care costs to plan participants, but may be changed from the 2014 plan under two (2) circumstances: 1. In ways to support value-based benefits designs; and 2. To comply with or manage the impacts of federal mandates. Value-based benefits designs will: 1. Be designed to achieve higher quality, lower aggregate health care services cost (as opposed to plan costs); 2. Use clinical evidence; and 3. Be the decision of the PEB Board. 26.3 Article 25.2 will expire June 30, 2019. 26.4 The PEB Program shall provide information on the Employer Sponsored Insurance Premium Payment Program on its website and in an open enrollment publication annually. 26.5 The Employer will pay the entire premium costs for each bargaining unit employee for basic life, basic long-term disability and dental insurance coverage.

  • Insurance Plans The Executive is eligible to participate in the life, health, dental, short and long-term disability plans made available to the employees of the Company pursuant to the terms and conditions of such plans.

  • Insurance Plan 19.01 The Employer agrees to contribute the indicated percentage of the premium cost of the following group plans for full-time employees (and their families where applicable) who have completed their probationary period.

  • Life Insurance Benefits A. During the life of this Agreement, the basic life insurance benefit made available to Faculty members shall be calculated as 3 times base annual earnings, rounded to the next highest $1,000, but not more than $225,000. A separate additional benefit up to the amount of the life insurance will be paid for accidental death and dismemberment, or loss of sight. The amount of Life and Accidental Death and Dismemberment/Loss of Sight benefits will be reduced to 65% at age 65, and further reduced (from the original insurance amount) as follows: to 50% at age 70, and 35% at age 75. Basic life insurance and AD&D benefits will be provided with no employee contributions. B. Faculty members will be eligible to purchase the following supplemental coverage: 1. additional amounts of group term life insurance at a level of between one and three (3) times the Faculty member’s annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 2. group term life insurance for spouses and domestic partners at a level of between one (1) and three (3) times annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 3. group term life insurance for eligible dependent children at a level of $10,000.

  • Insurance Benefits Borrower shall cooperate with Lender in obtaining for Lender the benefits of any Insurance Proceeds lawfully or equitably payable in connection with the Property, and Lender shall be reimbursed for any expenses incurred in connection therewith (including reasonable attorneys' fees and disbursements, and the payment by Borrower of the expense of an appraisal on behalf of Lender in case of a fire or other casualty affecting the Property or any part thereof) out of such Insurance Proceeds.

  • ’ Compensation Insurance and Disability Benefits Requirements New York State Workers’ Compensation Law (WCL) §57 & §220 requires the heads of all municipal and state entities to ensure that businesses applying for permits, licenses or contracts, document that they have appropriate workers’ compensation and disability benefits insurance coverage. These requirements apply to both original contracts and renewals, whether the governmental agency is having the work done or is simply issuing the permit, license or contract. Failure to provide proof of such coverage or a legal exemption will result in a rejection of a Vendor Submission or renewal. A Vendor may not be awarded a Contract unless proof of workers’ compensation and disability insurance is provided to OGS. 1. Proof of Compliance with Workers’ Compensation Coverage Requirements: An XXXXX form (certificate of insurance) is NOT acceptable proof of workers’ compensation coverage. In order to provide proof of compliance with the requirements of the Workers’ Compensation Law pertaining to workers’ compensation coverage, a Vendor/Contractor shall: a) Be legally exempt from obtaining Workers’ Compensation insurance coverage; or b) Obtain such coverage from an insurance carrier; or c) Be a Workers’ Compensation Board-approved self-insured employer or participate in an authorized self-insurance plan. A Vendor seeking to enter into a Contract with the State of New York shall provide one of the following forms to OGS at the time of Vendor Submission, and thereafter, within three (3) days of request: a) Form CE-200, Certificate of Attestation for New York Entities With No Employees and Certain Out of State Entities, That New York State Workers’ Compensation and/or Disability Benefits Insurance Coverage is Not Required, which is available on the Workers’ Compensation Board’s website (xxx.xxx.xx.xxx); (Reference applicable Solicitation and Group #s on the form.); b) Certificate of Workers’ Compensation Insurance: i) Form C-105.2 (9/07) if coverage is provided by the Vendor/Contractor’s insurance carrier, the Vendor/Contractor must request that its insurance carrier send this form to OGS, or ii) Form U-26.3 if coverage is provided by the State Insurance Fund, the Vendor/Contractor must request that the State Insurance Fund send this form to OGS; c) Form SI-12, Certificate of Workers’ Compensation Self-Insurance available from the New York State Workers’ Compensation Board’s Self-Insurance Office; or d) Form GSI-105.2, Certificate of Participation in Workers’ Compensation Group Self-Insurance available from the Vendor/Contractor’s Group Self-Insurance Administrator.

  • Group Insurance Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be paid or unpaid leave of absence contact the school district Employee Benefits Department.

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

  • Insurance Benefit The Employer may elect to provide incidental life insurance benefits for insurable Participants who consent to life insurance benefits by signing the appropriate insurance company application form. The Trustee will not purchase any incidental life insurance benefit for any Participant prior to an allocation to the Participant's Account. At an insured Participant's written direction, the Trustee will use all or any portion of the Participant's nondeductible voluntary contributions, if any, to pay insurance premiums covering the Participant's life. This Section 11.01 also authorizes the purchase of life insurance, for the benefit of the Participant, on the life of a family member of the Participant or on any person in whom the Participant has an insurable interest. However, if the policy is on the joint lives of the Participant and another person, the Trustee may not maintain that policy if that other person predeceases the Participant. The Employer will direct the Trustee as to the insurance company and insurance agent through which the Trustee is to purchase the insurance contracts, the amount of the coverage and the applicable dividend plan. Each application for a policy, and the policies themselves, must designate the Trustee as sole owner, with the right reserved to the Trustee to exercise any right or option contained in the policies, subject to the terms and provisions of this Agreement. The Trustee must be the named beneficiary for the Account of the insured Participant. Proceeds of insurance contracts paid to the Participant's Account under this Article XI are subject to the distribution requirements of Article V and of Article VI. The Trustee will not retain any such proceeds for the benefit of the Trust. The Trustee will charge the premiums on any incidental benefit insurance contract covering the life of a Participant against the Account of that Participant. The Trustee will hold all incidental benefit insurance contracts issued under the Plan as assets of the Trust created under the Plan.

  • Death Benefits Upon the Executive’s death during the Contract Period, the Executive’s estate shall not be entitled to any further benefits under this Agreement.

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