Insurance and Employee Benefits. The Executive shall be entitled to receive insurance and employee benefits applicable to all officers of the Company.
Insurance and Employee Benefits. Hospitalization insurance for individual and immediate family with New Jersey Blue Cross Shield, Rider J and Major Medical shall be provided effective the first day of the month following two months of employment (Health Insurance coverage is not automatic.) Each Individual is personally responsible for completing the necessary enrollment forms. Individual policies govern coverage for counseling, medical and psychological support services. (See Article IX of the CIR Agreement & Section II.2 of the GME Policy Manual.)
Insurance and Employee Benefits. The Board shall pay on behalf of each teacher who desires to participate, the following sums toward the payment of medical and hospitalization insurance or income protection insurance, or life, dental or vision insurance, as group policies in an insurance company or companies.
A. Medical/Hospital Insurance Plans
1. Traditional PPO Medical – Hospital – Insurance AVAILABLE TO EMPLOYEES HIRED PRIOR TO 1/1/2020 Family Plan - $16,488 annually Single Plan - $6,744 annually 2. High Deductible Health Plan (HDHP) Medical – Hospital – Insurance Family Plan - $12,984 annually Employee +1 Plan - $11,328 annually Single Plan - $4,632 annually In addition, the Board will pay on behalf of each teacher who desires to participate in the HDHP, the following sums into a Health Savings Account: Family Plan - $2,500 annually Employee +1 Plan - $2,700 annually* Single Plan - $1,450 annually * Beginning on January 1, 2019, new employees on the High Deductible Health Plan for Employee+1 will receive a $2,000 HSA contribution from CGCSC.
Insurance and Employee Benefits. The Board shall pay on behalf of each teacher who desires to participate, the following sums toward the payment of medical and hospitalization insurance or income protection insurance, or life, dental or vision insurance, as group policies in an insurance company or companies.
A. Medical/Hospital Insurance Plans
Insurance and Employee Benefits. The Executive shall be eligible to receive such medical, surgical, hospitalization, disability and life insurance and retirement benefits as are made available to executive employees of the Company, subject to the general eligibility and participation provisions set forth in such plans. The Company reserves the right to adopt, amend or discontinue any employee benefit, plan, or program in accordance with then applicable law; provided, however, that if the effect of any such amendment or discontinuation results is an economic detriment to the Executive as compared to the benefits in force on the date hereof, the Company shall make cash payments from time to time in order to provide the Executive with the after-tax substantial equivalent of the benefits now in force. Any and all cash payments that may be provided as per the previous sentence shall be made on a monthly basis and shall in no case exceed the monthly contributions made by Company on behalf of Executive for any employee benefit, plan, or program that has been discontinued or amended.
Insurance and Employee Benefits. 16
A. Medical/Hospital Insurance Plans 16
1. Traditional PPO Medical – Hospital – Insurance 16
2. High Deductible Health Plan (HDHP) Medical – Hospital – Insurance 16
3. Consumer Driven High Deductible Health Plan (CDHD) Medical – Hospital – Insurance 16 B. Income Protection Plan 17 C. Life Insurance 17 D. Dental Insurance 17 E. Vision Insurance 17 F. Section 125 17 X. Xxxxxxxxx 17 H. Insurance Pooling 17 A. Mileage 17 B. Money Owed at Death 18 C. Extended Contracts 18 A. Group Health Insurance 18 B. Term Life Insurance 19 A. Salary Reduction Elections 19 B. Teacher Matching Retirement Savings Plan 20
Insurance and Employee Benefits. The Executive shall be eligible to receive such medical insurance and 401k benefits as are made available to all officers of the Company, subject to the general eligibility and participation provisions set forth in such plans. The Company reserves the right to adopt, amend, or discontinue any employee benefit, plan, or program in accordance with then applicable law.
Insurance and Employee Benefits. The Board shall pay on behalf of each teacher who desires to participate, the following sums toward the payment of medical and hospitalization insurance or income protection insurance, or life, dental or vision insurance, as group policies in an insurance company orcompanies.
A. Medical/Hospital Insurance Plans
1. Traditional PPO Medical – Hospital – Insurance Family Plan - $12,864 annually Single Plan - $5,280 annually
2. High Deductible Health Plan (HDHP) Medical – Hospital – Insurance Family Plan - $10,575 annually Employee +1 Plan - $9,221 annually Single Plan - $3852 annually In addition, the Board will pay on behalf of each teacher who desires to participate in the HDHP, the following sums into a Health Savings Account: Family Plan - $2,289 annually Employee +1 Plan - $2,827 annually Single Plan - $1,428 annually
B. Income Protection Plan All but $1.00 of the premium annually. This benefit shall be 66.66% of the annualsalary.
Insurance and Employee Benefits. The Executive shall receive insurance and employee benefits applicable to all officers of the Company. To the extent the Executive chooses not to participate in the Company's medical insurance program, the Executive shall be reimbursed for actual premiums paid by the Executive under another medical insurance program up to the cost of the Company's medical insurance premium as if the Executive chose to participate. Such reimbursement shall be paid on a monthly basis provided the Executive provides proof of such amount. The Company reserves the right to adopt, amend or discontinue any employee benefit, plan or program in accordance with then applicable law; provided, however, that if the effect of such amendment or discontinuance results in an economic detriment to the Executive as compared to the benefits in force on the date hereof, the Company shall make cash payments from time to time in order to provide the Executive with the after-tax substantial equivalent of the benefits now in force. Any and all cash payments that may be provided as per the previous sentence shall be made on a monthly basis and shall in no case exceed the monthly contributions made by the Company on behalf of the Executive for any employee benefit, plan or program that has been amended or discontinued. In addition, the Executive shall be reimbursed for reasonable costs associated with (up to 24 hours of continuing education courses) receiving CPE credits for maintaining CPA licenses including reasonable land travel cost to attend such courses. In addition, the Company will reimburse the Executive for his dues to the AICPA and subscription to FASB Pronouncements and other professional publications deemed necessary to perform the Executive's duties.
Insurance and Employee Benefits. The Executive shall continue to receive medical insurance and 401k benefits applicable to all officers of the Company.
