INSURANCE AND PENSIONS. 19.01 The Company agrees to provide a retirement program as set forth in the Retirement Programs Booklet.
19.02 The Company agrees to provide a benefit program as set out in the Employee Benefit Booklet.
19.03 The Company agrees to provide a replacement income program as set out in the Employee Replacement Income Program Booklet
19.04 Employees and current retirees will be eligible to participate in the Magna Retiree Health Care Premium Reimbursement Plan as set forth in Retiree Health Care Booklet.
INSURANCE AND PENSIONS. 20.01 The Company agrees to provide a Retirement Program as set out in the Employee Retirement Program Booklet. Within three (3) months following ratification the Company will provide Employee Pension Booklet to All Employees.
20.02 The Company agrees to provide a benefit program as set out in the Employee Benefit Booklet. Within three (3) months following ratification the Company will provide Employee Benefit Booklet to All Employees.
20.03 See Appendix “A”
INSURANCE AND PENSIONS. 20.01 The Company agrees to provide a Retirement Program as set out in the Employee Retirement Program Booklet.
20.02 The Company agrees to provide a benefit program as set out in the Employee Benefit Booklet.
20.03 See Attachment “A”
INSURANCE AND PENSIONS. 19.01 The Company agrees to provide a retirement program as set forth in the Retirement Programs Booklet.
19.02 The Company agrees to provide a benefit program as set out in the Employee Benefit Booklet.
19.03 The Company agrees to provide a replacement income program as set out in the Employee Replacement Income Program Booklet
19.04 Employees and current retirees will be eligible to participate in the Magna Retiree Health Care Premium Reimbursement Plan as set forth in Retiree Health Care Booklet.
19.05 The Company agrees to provide for residential treatment for drug and alcohol rehabilitation issues through Homewood Health, subject to a formal clinical referral made collaboratively between the treating physician and Homewood’s treatment specialist supporting the medical need for residential treatment. Such referrals shall be offered on a once per lifetime basis, and up to a maximum of two (2) IWS referrals per calendar year.
INSURANCE AND PENSIONS. Section 1. The Town participates in the Maine Municipal Employees Health Trust (MMEHT) Comprehensive Plan. Employees have the option of choosing the MMEHT Comprehensive Point of Service Plan (POS C), and effective January 1, 2016 may also choose from among the MMEHT PPO 500 plan and the MMEHT PPO 2500 plan. Single employees shall assume 10% of the cost of their health insurance premium. Employees who have coverage other than single coverage shall assume 20% of the total premium. Any employee who chooses the MMEHT PPO 500 plan or the MMEHT PPO 2500 plan will have established a Health Reimbursement Account into which the town shall provide reimbursement of deductibles and co-insurance for up to 70% of the applicable out of pocket maximum. The amount of the monthly premium paid by the employee shall not be included as part of the out of pocket expense. Coverage will begin on the first day of the next month after employment begins provided the MMEHT has approved all required forms. The Town of Cape Xxxxxxxxx reserves the right to participate in a different medical insurance plan, with comparable or better benefits, costs and claims service. The Town also reserves the right to change the health insurance plans if mandated to do so by the federal or state governments. Upon leaving Town employment, federal COBRA requirements permit employees to continue on the Town policy at employee expense. MMEHT will notify departing employees of their options. Any employee eligible for more than single coverage, but who opts for single coverage or no coverage, shall receive in lieu of coverage, $120.00 in each two week paycheck or if an employee elects for no coverage and is eligible for family coverage, then that employee shall receive $250.00 in each two week paycheck in lieu of coverage. If an employee elects for employee and children coverage and is eligible for full family coverage, then that employee shall receive $90.00 in each two week pay check in lieu of coverage. All payments shall be prorated for part time employees. Any employee who opts for no coverage must annually show that evidence of coverage elsewhere. The payment shall not be considered part of compensation for purposes of retirement, life insurance and computing hourly wages. The employee shall be responsible for any tax liability. Affected employees must elect their coverage level once a year during the enrollment period or upon hiring. Coverage must be elected before they become effective. The buyout am...
INSURANCE AND PENSIONS. (a) The Employer agrees to pay the premiums of the health, travel and dental insurance plan that is presently in effect for Civil Service employees or such other plans that are currently implemented.
(b) Notwithstanding 15.01(a), for new employees of the bargaining unit hired on or after April 1, 2003, the Employer agrees to pay seventy-five (75) percent of the premiums for health, travel and dental insurance plans that are presently in effect for civil service employees or such other plans that are currently implemented.
15.02 The Employer agrees to pay seventy-five (75) percent of the premiums of the Long Term Disability Insurance Plan that exists at the coming into force of this Agreement for eligible employees.
(a) The Employer agrees to pay the premiums for the Group Life Insurance Plan and Accidental Death and Dismemberment Plan including the premiums for dependent coverage as presently in force or as subsequently amended.
(b) Notwithstanding 15.03(a), for new employees of the bargaining unit hired on or after April 1, 2003, the Employer agrees to pay seventy-five (75) percent of the premiums for the Group Life Insurance Plan and Accidental Death and Dismemberment Plan including the premiums for dependent coverage as presently in force or as subsequently amended.
15.04 The Employer agrees to pay fifty (50) percent of the premiums for the health and dental insurance plans for employees who retire after April 1, 2003.
15.05 The Employer agrees to match the employee’s contributions to the Civil Service Superannuation Fund and abide by other conditions in the Civil Service Superannuation Act and Regulations.
15.06 Employees after reaching age fifty-five (55) and before reaching age sixty-one (61) who have at least ten (10) pensionable years of service are entitled to a retirement payment which is based on: [.01 x years of service to x [.02 x years of service x average a maximum of 22 years] of 3 highest years of salary] This payment is payable annually for a five-year period beginning on the employee’s official date of retirement.
15.07 If the premiums paid by the Employer for any employee benefits are reduced as a result of any legislative change or other action, the amount of the saving shall be used to increase benefits available to the employees as may be mutually agreed between the parties, providing such changes affect a majority of the employees.
15.08 Employees on approved leave shall continue to be eligible for the insurance coverage under Artic...
INSURANCE AND PENSIONS. A. During the term of this Agreement, the Town agrees to provide the following group hospitalization, surgical and medical benefits for employees and their eligible family members, under the following conditions:
1. Effective July 1, 2020, the Anthem High Deductible Health Plan (“HDHP”) with Health Savings Account (“HSA”) will be replaced with the State Partnership Plan 2.0 with Anthem Blue Cross and Blue Shield, which includes the State BlueCare POS medical benefits, CVS Pharmacy benefit, and Health Enhancement Program (“HEP”) through WellSpark for all eligible employees and dependents. The Town will ensure that there is no lapse in coverage in the transition from the in-place Anthem high deductible health plan with health savings account to the State Partnership Plan 2.0. It is understood that the rules, regulations, and determinations of Anthem, as well as the existing terms and conditions of the State Partnership Plan 2.0 agreements with the Town, shall be binding on all parties. The Monthly Service Fee charged by the banking institution at which the employees’ and retirees’ (if their HSA account is still maintained by the Town’s designated financial institution) HSA’s are established will be paid by the Town through June 30, 2021 as permitted by the financial institution. All other fees associated with the employee’s HSA’s shall be responsibility of the employee to pay.
2. The Town will pay the blended premium rate offered by the State Partnership Plan 2.0 for the employees participating in the plan. The employees will contribute toward the cost twelve (12) percent of the annual blended insurance premium cost effective July 1, 2022. The employees will contribute toward the cost twelve (12) percent of the annual blended insurance premium cost effective July 1, 2023. The employees will contribute toward the cost thirteen (13) percent of the annual blended insurance premium cost effective July 1, 2024. Said contributions shall be paid through payroll deductions that will be taken from each pay. The percentage set forth above times the actual annual State Partnership Plan
INSURANCE AND PENSIONS. The insurance program is outlined in the Insurance Agreement shall remain in effect for the life of this Agreement. Benefits payable under the Hospital and Surgical provisions (Daily Room and Board, In-Hospital Medical Care, Diagnostic X-ray and Laboratory Examinations, and the Surgical Schedule) outlined in the Insurance Agreement will not duplicate any benefits payable under any other employer group insurance or prepayment plan.
INSURANCE AND PENSIONS. The Company will provide for Weekly Indemnity payments, after 2 weeks of submitting a WSIB Claim, while the claim is being processed or appealed and also provide a waiver for reimbursement when WSIB claim is approved. Employees on layoff who are unable to return to work when recalled due to illness or injury (WSIB cases excluded) will be eligible to receive Weekly Indemnity provided they have not been laid off in excess of ninety (90) calendar days. If an employee is denied an Employment Insurance Maternity Benefit the Insurer will pay Weekly Indemnity Benefits during the period of normal pregnancy leave, as defined in the Ontario Employment Standards Act. The Company agrees to continue the present benefits with the following improvements. Pension Plan: The Company agrees to increase non-contributory pension plan basic benefit as follows:
INSURANCE AND PENSIONS. Section A
