INSURANCE AND RETIREMENT PLANS. 20.1 During the lifetime of this Agreement, the Company agrees to pay 95% of the premium rates 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, except the Dental Plan, which the Company agrees to pay 75% of the premium rates, further details of which are set out in Schedule "B" hereto.
INSURANCE AND RETIREMENT PLANS. 15.0 Subject to the eligibility requirements set forth in the applicable insurance plans, employees, their spouses and their dependents shall have provided for them by the Board of Education to the extent indicated, the following insurance coverages. The following three health insurance options shall be provided to eligible employees through August 31, 2019:
INSURANCE AND RETIREMENT PLANS. Section 15.7 No matter respecting the provisions of any Insurance Plan or Retirement Plan shall be subject to the Grievance Procedure established in this Agreement. This provision shall not operate to deprive an employee of any rights he may have under any insurance plan or retirement plan.
INSURANCE AND RETIREMENT PLANS. 11.1 The parties hereby incorporate by reference the existing pension agreements entered into by the State of Connecticut and SEBAC on behalf of unit employees as of the effective date of this Agreement.
INSURANCE AND RETIREMENT PLANS. Employee shall be entitled to such insurance and retirement plan benefits as are generally available to other senior management employees of the Company, pursuant to Company policy in effect from time to time, such as health insurance, disability and life insurance, and the right to participate in any retirement plans maintained by the Company. The Employee may, in lieu of participating in the Company's PPO medical plan, elect reimbursement by the Company for the cost of a disability policy (or other
INSURANCE AND RETIREMENT PLANS. The Employee shall be entitled to medical, dental, disability, and life insurance and retirement plan benefits for which he may be eligible as adopted from time to time by the Company's Board of Directors in its sole and absolute discretion for the benefit of employees of the Company.
INSURANCE AND RETIREMENT PLANS. 23.1 The Company agrees to pay 100% of the premium rate charged by the various insurance carriers up to and including December 31, 2016. Effective January 01, 2017, the Company agrees to pay 95% of the premium rate charged for Extended Health Benefits and Dental Benefits as revised from time to time for the continuation of the insurance coverages. The remaining 5% of the premium rate will be paid by the employees by way of payroll deduction. A separate booklet out- lining the details of the various plans will be issued to each employee, and updated as necessary.
INSURANCE AND RETIREMENT PLANS. A. The Board shall provide and pay for the following insurance for each employee and their dependents. The following plans will be offered to each employee, at the following premium cost shares: Effective and Retroactive to July 1, 2018 Effective July 1, 2019 Effective July 1, 2020 Effective July 1, 2021 Effective July 1, 2022 OAP $30 18% N/A N/A N/A N/A OAP $20 15% N/A N/A N/A N/A HSA 12% 13.0% 13.5% 14.0% 14.5% The OAP $30 and OAP $20 plans shall be eliminated, effective June 30, 2019. The following HSA Plan shall be the sole plan offered to employees in the bargaining unit, effective July 1, 2019. In-Network Out-of-Network Annual Deductible (individual/aggregate family) $2,000/4,000 Co-insurance N/A 20% after deductible up to co-insurance maximum Co-insurance Maximum (individual/aggregate family) N/A $3,000/$6,000 Cost Share Maximum (individual/aggregate family) $5,000/10,000 Lifetime Maximum Unlimited In-Network Out-of-Network Preventive Care Deductible not applicable 20% co-insurance after deductible, subject to co-insurance limits Prescription Drug Coverage Treated as any other medical expense, subject to post-deductible drug co-payments as set forth below. Following exhaustion of the deductible, prescription drugs shall be subject to post- deductible co-payments of $10/25/40 (retail), and a two times co-payment for mail order. For each eligible employee, the Board will fund fifty percent (50%) of the applicable deductible amount. For the 2019-20 and 2020-21 contract years only, the full amount of the Board’s contribution toward the HSA plan deductible will be deposited into the HSA accounts in July. For each contract year thereafter, one-half of the Board’s contribution toward the HSA plan deductible will be deposited into the HSA accounts in July, and the remaining one-half of the Board’s contribution will be deposited into the HSA accounts in January. The Board’s contribution toward the funding of the deductible shall not be deemed an element of the underlying insurance plan. Rather, the Board’s contribution toward the funding of the deductible shall relate solely to the manner in which the deductible shall be funded for actively employed individuals. The Board shall have no obligation to fund any portion of the deductible for retirees or other individuals upon their separation from employment. Effective June 30, 2021, the Board will not process employee contributions into employees’ Health Savings Accounts on a pre-tax basis, unless the Board and...
INSURANCE AND RETIREMENT PLANS
