INSURANCE AND PENSION PLAN Sample Clauses

INSURANCE AND PENSION PLAN. 23.1 The Company agrees to pay 100% of the premium rate (50% for out-of-province medical coverage) charged by the various insurance carriers as revised from time to time for the continuation of the insurance coverages that were in effect at the effective date of this Agreement, further details of which are set out in Schedule "B" hereto. A separate booklet out-lining the details of the various plans will be issued to each employee, and updated as necessary. 23.2 The Company shall continue a pension plan (effective April 1, 1975) for the benefit of the employees covered by this Agreement under which eligible service will include service under the "Employees' Retirement Plan" of Cyanamid of Canada Limited and service under the "Pension Plan for Unionized Employees" of Domtar Inc. A separate booklet outlining the details of the pension plan will be issued to each employee.
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INSURANCE AND PENSION PLAN. Section 1. For the term of this Agreement, the Company will maintain and make available to bargaining unit employees plans consisting of medical benefits, dental benefits, life insurance, vision, prescription drug benefits, and long-term disability benefits, which are offered to non-bargaining unit employees. The employee’s contribution toward the cost of such plan will be the same as that of a similarly situated non-bargaining unit employee electing the same coverage. All plans will be administered solely in accordance with the provisions of each plan. The selection of the health care plan administrator, the administration of the plans and all the terms and conditions relating thereto, and the resolution of any disputes involving the terms, conditions, interpretation, administration, or benefits payable shall be determined by and at the sole discretion of the Company. The Company shall have the right to amend the plans in any way, including the selection of carriers. However, any amendment diminishing the level of benefits or increasing the cost to the employee/dependent will be limited to those changes applicable to non-bargaining employees. Section 2. An employee participating in the plans of the Company will contribute toward the cost of those plans on the same basis as a similarly situated non- bargaining employee. Section 3. Any employee who retires will be entitled as a retiree to medical insurance coverage equivalent to that provided to similarly situated retired non-bargaining unit personnel. Such coverage will be in combination with Medicare as applicable.
Sample 1
INSURANCE AND PENSION PLAN. The Company agrees to pay of the premium rate (50% for out-of-province medical coverage) charged by the various insurance carriers as revised from time to time for the continuation of the insurance coverages that were in at the effective of this Agree- ment, further details which are set out in Schedule hereto. A separate booklet outlining the details of the various plans will be issued to each employee, and updated as necessary. The Company shall continue a pension plan (ef- fective April 1975) for the benefit of the employees covered by this Agreement under which eligible service will include service under the “Employees’ Retirement Plan” of Cyanamid of Canada Limited and service under the “Pension Plan for Unionized Employees” of Inc. A separate booklet outlining the details of the pension plan will be issued to each employee.
Sample 1
INSURANCE AND PENSION PLAN. The Company agrees to continue to participate the joint trusteed plan and to maintain the existing benefits as follows: Employees working year round: Indemnity Hospital and Medical Expenses Direct Drug Expenses benefit All Above Paid Care (Maximum Payment of $120.00). Above on a shared cost basis except premiums for Weekly Indemnity which shall be paid by the employee with the savings afforded the Company being applied in such a manner as to result in the total benefit cost of premiums being shared on a basis. The contribution of employees will be maintained at the amount effective October while at work. While off work the employee will be responsible for of the premium cost of Life, and Wealth Insurance. Seasonal workers: Life Extended Health: Cost to be shared on a shared cost basis relating to the actual monthly premium costs for the period of employment. The demands that the annual premium be collected the period of employment and the employee is therefore responsible for premium when not working. The contribution of employees will be maintained at the amount effective October while at work. A description of the benefit plan is set out in Schedule for the benefit of all employees. The description in Schedule is not intended to be part of the Collective Agreement as benefits are subject to the master policy. The Company agrees to maintain the flat rate benefit pension plan effective January for all seniority employees. Terms and conditions with respect to the pension plan are outlined in the pension plan document which will be attached to this Agreement as Schedule Seniority employees shall be credited service as of January at an initial benefit rate of per month per year of service. The basic year of service for seniority employees under the provisions of the plan will be hours. Effective January employees shall be credited service at a benefit rate of twelve dollars ($12.00) per per year of service. The parties will establish a Pension Board of Administration comprised of two (2) representatives each. The Board will have the following duties and responsibilities: To provide information to members on the terms and conditions of the plan; To verify the calculation of credited service and retirement benefits; To .develop such forms and statements as are necessary for the proper administration of the plan. The Board shall not be empowered to amend the plan. The plan shall only be amended by agreement between the Company and the Union. It is understood and...
Sample 1
INSURANCE AND PENSION PLAN. I Company agrees to pay of the rate (50% for coverage) by the various carriers as revised from time to time for continuation of the coverages that in effect at the effective date of this Agreement, details of which are set Schedule hereto. A separate booklet out-lining the details of the various will be issued to each employee, and as necessary. Company shall a (effective April I, for the benefit of employees by under which eligible service will include service under the “Employees’ Retirement Plan” of Cyanamid of Limited and service for Unionized Employees” of Inc. A separate booklet outlining the details of the pension plan be issued to each I This year to year there-after unless earlier continue from later (30) days prior to annual expiration date either party to of termination or of any proposed amendments, or to this which negotiations a agreement or proposed a e d e t add i t i o o de I et o a I I within ten days o f receipt of such notice. Any proposed amendments, or deletions be submitted by to Agreement later than date of first meeting held to discuss the of this Agreement, such proposals are for of clarifying Agreement or are an proposal subject previously raised between the parties. DATED THIS DAY OF NOVEMBER, FOR THE COMPANY FOR LOCAL Xxxx Xxxxxx Rate Rate Effective Effective Effective Level I A - I I I I A- IO I Operator I West Lime Operator I East Level Chief Operator A- 8 Lime Operator A - 7 Operator I Stone Plant Kilns Laboratory Operator I Driller Crane Operator Quarry Operator A - 6 Operator west Operator Ope or Secondary west Operator Operator Operator Rate Rate Rate Xxxx Effective Effective Effective Effective Operator Operator v Operator Quarry Operator V Pulverizer Pulverizer Operator V Lime Lime Operator V Lime Loader Rotary Kiln Kiln Truck Driver Operator Primary East A-5 Operator Stores Operator I Operator Lubricator Environmental Operator Operator Operator Operator Water Operator Maintenance Operator Utility Rote Rate Rate Rate i E Effect E Utility Operator Pulverizer A-4 Hydrator Operator Stores Operator Truck Scale Operator Vacuum Truck Operator Level V Truck Driver Diesel Truck Driver Truck Driver Water Operator Sorter Crusher Operator Secondary First Packer A-3 Laboratory Operator Uric I Janitor A-I AND SICKNESS BENEFITS WEEKLY AND SICKNESS BENEFIT of employee’s regular weekly including basic earnings with overtime and bonuses which form part of regular a amount of benefit not to exceed of the i le i i effect the U oy I ran la...
Sample 1
INSURANCE AND PENSION PLAN. *17.01 The Hospital shall maintain its present level of one hundred percent (100%) contribution to the billed premium cost of O.H.I.P. and H.O.O.G.L.I.P. (or equivalent) applicable to all eligible full-time employees in the active employ of the Hospital subject to the terms and conditions of such insurance plans. *17.02 The parties agree that any and all divisible surplus or excess, credits or refunds, or reimbursements under whatever name, that may arise, during the terms of the Collective Agreement and result from a lower premium amount paid by the Hospital under the Ontario Health Insurance Act or any similar legislation, than the total amount paid by the Hospital and the employee at the commencement of the Agreement as premium payments for present health services shall accrue to and from the benefit of the Hospital, notwithstanding any legislation to the contrary, and particularly but without limiting the generality, the Ontario Health Insurance Act or any legislation amending or replacing such Act in whole or in part.
Sample 1
INSURANCE AND PENSION PLAN. Section 1. For the term of this Agreement, the Company will maintain and make available to bargaining unit employees health care plans consisting of medical benefits, dental benefits, life insurance, vision, prescription drug benefits, and long-term disability benefits, which are offered to non-bargaining unit employees. The employee's contribution toward the cost of such plan will be the same as that of a similarly situated non-bargaining unit employee electing the same coverage. All health care plans will be administered solely in accordance with the provisions of each plan. The selection of the health care plan administrator, the administration of the health care plans and all the terms and conditions relating thereto, and the resolution of any disputes involving the terms, conditions, interpretation, administration, or benefits payable shall be determined by and at the sole discretion of the Company. The Company shall have the right to amend the health care plans in any way, including the selection of carriers. However, any amendment diminishing the level of benefits or Section 2. An employee participating in the primary health care plan of the Company (currently the Premium PPO) or an alternative plan (such as an HM O or the optional PPO plans) will contribute toward the cost of those plans on the same basis as a similarly situated non- bargaining employee. Section 3. Any employee who retires will be entitled as a retiree to medical insurance coverage equivalent to that provided to similarly situated retired non-bargaining unit personnel. Such coverage will be in combination with Medicare as applicable.
Sample 1
INSURANCE AND PENSION PLAN. 18.1 The company agrees that the group insurance plans, as outlined herein, shall be effective during the life of this agreement and that the provisions of such plans can only be modified or changed in accordance with the trust agreement. 18.2 These insurance plans shall apply to all present employees and to all new employees with sixty (60) days or more of service. 18.3 Company and union to share premiums on the following basis: (A) Drug Plan 60-40% (B) Dental Plan 60-40% (C) Life and AD&D 60-40% (D) Vision Care 60-40% (E) Weekly Indemnity 50-50% (F) Long Term Disability 50-50% (A) Life insurance equal to two (2) times salary to a maximum of sixty thousand dollars ($60,000).
Sample 1

Related to INSURANCE AND PENSION PLAN

  • 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.

  • Guaranteed Pension Plans Each contribution required to be made to a Guaranteed Pension Plan, whether required to be made to avoid the incurrence of an accumulated funding deficiency, the notice or lien provisions of §302(f) of ERISA, or otherwise, has been timely made. No waiver of an accumulated funding deficiency or extension of amortization periods has been received with respect to any Guaranteed Pension Plan, and neither the Borrower nor any ERISA Affiliate is obligated to or has posted security in connection with an amendment to a Guaranteed Pension Plan pursuant to §307 of ERISA or §401(a)(29) of the Code. No liability to the PBGC (other than required insurance premiums, all of which have been paid) has been incurred by the Borrower or any ERISA Affiliate with respect to any Guaranteed Pension Plan and there has not been any ERISA Reportable Event (other than an ERISA Reportable Event as to which the requirement of 30 days notice has been waived), or any other event or condition which presents a material risk of termination of any Guaranteed Pension Plan by the PBGC. Based on the latest valuation of each Guaranteed Pension Plan (which in each case occurred within twelve months of the date of this representation), and on the actuarial methods and assumptions employed for that valuation, the aggregate benefit liabilities of all such Guaranteed Pension Plans within the meaning of §4001 of ERISA did not exceed the aggregate value of the assets of all such Guaranteed Pension Plans, disregarding for this purpose the benefit liabilities and assets of any Guaranteed Pension Plan with assets in excess of benefit liabilities.

  • Benefit Plans and Perquisites For as long as the Executive is employed by the Company, the Executive shall be eligible (x) to participate in any and all officer or employee compensation, incentive compensation and benefit plans in effect from time to time, including without limitation plans providing retirement, medical, dental, disability, and group life benefits and including incentive or bonus plans existing on the date of this Agreement or adopted after the date of this Agreement, provided that the Executive satisfies the eligibility requirements for any the plans or benefits, and (y) to receive any and all other fringe and other benefits provided from time to time, including the specific items described in (a)-(b) below.

  • Insurance and Bonding The Subrecipient shall carry sufficient insurance coverage to protect Agreement assets from loss due to theft, fraud and/or undue physical damage, and as a minimum shall purchase a blanket fidelity bond covering all employees in an amount equal to cash advances from the City/Grantee. The Subrecipient shall comply with the bonding and insurance requirements of 24 CFR 84.31 and 84.48, Bonding and Insurance.

  • Standard Hazard Insurance and Flood Insurance Policies (a) For each Loan, the Master Servicer shall enforce any obligation of the Servicers under the related Servicing Agreements to maintain or cause to be maintained standard fire and casualty insurance and, where applicable, flood insurance, all in accordance with the provisions of the related Servicing Agreements. It is understood and agreed that such insurance shall be with insurers meeting the eligibility requirements set forth in the applicable Servicing Agreement and that no earthquake or other additional insurance is to be required of any Mortgagor or to be maintained on property acquired in respect of a defaulted loan, other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance. (b) Pursuant to Section 3.23, any amounts collected by the Master Servicer, or by any Servicer, under any insurance policies (other than amounts to be applied to the restoration or repair of the property subject to the related Mortgage or released to the Mortgagor in accordance with the applicable Servicing Agreement) shall be deposited into the Distribution Account, subject to withdrawal pursuant to Section 3.24. Any cost incurred by the Master Servicer or any Servicer in maintaining any such insurance if the Mortgagor defaults in its obligation to do so shall be added to the amount owing under the Loan where the terms of the Loan so permit; provided, however, that the addition of any such cost shall not be taken into account for purposes of calculating the distributions to be made to Certificateholders and shall be recoverable by the Master Servicer or such Servicer pursuant to Section 3.24.

  • Group Insurance Plan The carriers, coverage, and terms and conditions of participation under the District’s Group Insurance Plan are subject to change in accordance with the applicable provisions of Title I, Division 4, Chapter 10 of the California Government Code (Section 3500 et seq.) (Xxxxxx‐Milias‐Xxxxx Act). a. The District contracts with CalPERS for health plan coverage for all regular and newly hired employees (eligibility to be defined by the “CalPERS health plan”). Booklets on the insurance plans will be available to all participants. b. Employees may choose from the available plans offered by CalPERS. Additional premiums will be borne by the employee through payroll deductions and paid to CalPERS by the District each month; and the additional cost for monthly premiums will be deducted evenly from the first and second payroll period of each month. To the extent allowed by law, the District will attempt to deduct the employee’s premium contribution from pre‐tax dollars.

  • Municipal Pension Plan An employer will provide the Municipal Pension Plan (MPP) to all eligible employees. Employees of record on March 31, 2010, who meet the eligibility requirements of the MPP, have the option of joining or not joining the MPP. Eligible employees who initially elect not to join the MPP on April 1, 2010, have the right to join the MPP at any later date but will not be able to contribute or purchase service for the period waived. All regular full-time employees hired after March 31, 2010, will be enrolled in the MPP upon completion of the earlier of their probationary period or three months and will continue in the plan as a condition of employment. Full-time hours of work are defined in the local issues agreement specific to each employer. Regular part-time employees and casual employees hired after April 1, 2010, who meet the eligibility requirements of the MPP have the right to enrol or not enrol in the MPP. Those who initially decline participation have the right to join the MPP at any later date. The MPP rules currently provide that a person who has completed two years of continuous employment with earnings from an employer of not less than 35% of the year's maximum pensionable earnings in each of two consecutive calendar years will be enrolled in the Plan. This rule will not apply when an eligible employee gives a written waiver to the Employer. Employers will ensure that all new employees are informed of the options available to them under the MPP rules. Eligibility and terms and conditions for the pension will be those contained in the Municipal Pension Plan and associated documents. If there is a conflict between the terms of this agreement and the MPP rules, the MPP must prevail. Note: MPP contact information: Web: http:\\xxx.xxxxxxxxxx.xx Email: xxx@xxxxxxxxxx.xx Victoria Phone: 0-000-000-0000 BC Phone: 0-000-000-0000

  • ’ 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.

Most Referenced Clauses

Most Referenced Definitions