INSURANCE AND RETIREMENT PROGRAMS Sample Clauses

INSURANCE AND RETIREMENT PROGRAMS. Section 1. The Hospital will continue to provide medical and dental plan benefits substantially equivalent to those presently in existence as of October 1, 2016. As of October 1, 2016, medical benefits are provided through OEBB, and dental benefits through PacificSourcePacific Source. If such benefits are not available in the local marketplace, the parties shall meet and attempt to negotiate a substitute benefit program. The period of negotiation shall not exceed forty-five (45) calendar days after written notice of unavailability of such benefit plan(s) is sent to the Oregon Nurses Association. If negotiations do not lead to mutual agreement to a substitute benefit program, the Hospital shall supply an equivalent value benefit to nurses who would otherwise have been eligible for participation. Such benefit will include a Hospital payment directly to a health insurance carrier in an amount equivalent to the Hospital’s monthly premium obligations under this agreement in lieu of the previous benefit programs. (a) Effective October, 1, 2016, the Hospital will provide fully paid employee coverage for each eligible regular full-time and part-time nurse under the Dogwood Plan under OEBB, which shall be considered the Base Plan. An Employee may select a different plan under OEBB and will pay the difference in premium. The Hospital and employee premiums for plan year October 2016 through September 2017 are set forth as Addendum A. For nurses on the Base Plan, the Hospital shall reimburse up to $500 of the $1,600 deductible once the nurse has paid and provided written receipts to confirm payment of the $1,600 medical deductible or the first $3,000 of the family deductible (b) The Hospital shall also provide vision coverage, for full-time employees, which is mandatory for all employees who are covered by the Hospital health insurance program. Premium payments are set forth in Addendum A. (c) The Hospital shall also provide dental coverage for full-time employees. Premium payments are set forth in Addendum A. (d) The Association will be given written notice and an opportunity for discussion at least thirty (30) calendar days prior to decision on any revisions in the plan benefits in effect as of the date of this Agreement. (e) Medical insurance benefits shall be made available to nurses who are on leave or laid off for up to eighteen (18) months as defined by applicable law. The COBRA rate (including all legally permissible administrative charges) will be charged as ...
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INSURANCE AND RETIREMENT PROGRAMS. 6 9.1 The Hospital will continue to provide medical and dental plan benefits 7 substantially equivalent to those previously in existence on of October 1, 8 2020. Medical benefits are provided through OEBB, dental benefits are 9 currently provided through Willamette Dental and Delta Dental and vision 10 benefits are provided through VSP. The parties agree and understand that 11 the dental and vision providers may change during the term of this 12 Agreement. If such benefits are not available in the local marketplace, the 13 parties shall meet and attempt to negotiate a substitute benefit program. The
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INSURANCE AND RETIREMENT PROGRAMS. ‌ Section 1. The Hospital will continue to provide medical and dental plan benefits substantially equivalent to those presently in existence as of October 1, 2016. As of (a) Effective October, 1, 2016, the Hospital will provide fully paid employee coverage for each eligible regular full-time and part-time nurse under the Dogwood Plan under OEBB, which shall be considered the Base Plan. An Employee may select a different plan under OEBB and will pay the difference in premium. The Hospital and employee premiums for plan year October 2016 through September 2017 are set forth as Addendum A. For nurses on the Base Plan, the Hospital shall reimburse up to $500 of the $1,600 deductible once the nurse has paid and provided written receipts to confirm payment of the $1,600 medical deductible or the first $3,000 of the family deductible (b) The Hospital shall also provide vision coverage, for full-time employees, which is mandatory for all employees who are covered by the Hospital health insurance program. Premium payments are set forth in Addendum A. (c) The Hospital shall also provide dental coverage for full-time employees. Premium payments are set forth in Addendum A. (d) The Association will be given written notice and an opportunity for discussion at least thirty (30) calendar days prior to decision on any revisions in the plan benefits in effect as of the date of this Agreement. (e) Medical insurance benefits shall be made available to nurses who are on leave or laid off for up to eighteen (18) months as defined by applicable law. The Section 2. The Hospital shall provide life insurance paid for by the Hospital equal to one (1) times the nurse’s annual salary, to the next highest one thousand dollars, with a minimum coverage of $7,500, along with an equal amount of accidental death and dismemberment coverage. Section 3. The Hospital shall at Hospital expense maintain the current retirement program which shall include the following provisions:
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INSURANCE AND RETIREMENT PROGRAMS. 16 Section 1. The Hospital will continue to provide medical and dental plan 17 benefits substantially equivalent to those presently in existence as of July 1, 2010. If 18 such benefits are not available in the local marketplace, the parties shall meet and
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INSURANCE AND RETIREMENT PROGRAMS. Section 1. The Hospital will continue to provide medical and dental plan benefits 7 substantially equivalent to those presently in existence as of July 1, 2010. If such 8 benefits are not available in the local marketplace, the parties shall meet and attempt to 9 negotiate a substitute benefit program. The period of negotiation shall not exceed forty- 10 five (45) calendar days after written notice of unavailability of such benefit plan(s) is sent 11 to the Oregon Nurses Association. If negotiations do not lead to mutual agreement to a 12 substitute benefit program, the Hospital shall supply an equivalent value benefit to 13 nurses who would otherwise have been eligible for participation. Such benefit will 14 include a Hospital payment directly to a health insurance carrier in an amount 15 equivalent to the Hospital's monthly premium obligations under this agreement in lieu of 16 the previous benefit programs. (a) The Hospital will provide fully paid employee coverage for each eligible 19 regular full-time and part-time nurse under the existing medical program, with medical 20 deductibles of $2,500 per individual and $5,000 per family. The Hospital shall 21 reimburse up to $1000 of the $2,500 deductible once the nurse has paid and provided 22 written receipts to confirm payment of the first $1500 of the medical deductible or the 23 first $3,000 of the family deductible. The coverage will be eighty percent (80%) in the 24 Network and sixty percent (60%) outside of the Network, with a pharmacy benefit that is 27 dependent coverage. In addition to the above, the Hospital will pay 100% of the 28 employee coverage for each eligible regular full-time and part-time nurse under the 29 Hospital's dental program. The Hospital and nurse's contribution for the monthly 30 medical premium for the period July 1, 2013 to June 30, 2014 shall be: Employee Only Employee & Spouse Employee & Family Employee & Children Total Premium $581.06 $1,336.44 $1,696.70 $1,069.15 Hospital Portion $581.06 $958.75 $1,138.88 $825.10 (b) The Hospital shall also provide vision coverage, for full-time employees, 3 which is mandatory for all employees who are covered by the Hospital health insurance 4 program. The cost of such vision coverage shall be as follows: 5 Employee Only Employee & Spouse Employee & Family Employee & Children Total Premium $7.37 $11.79 $19.40 $12.03 Hospital Portion $7.37 $9.58 $13.39 $9.70 7 There is also a $10.00 co-payment on any eye exam and a $25.00 co-payment on a...
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Related to INSURANCE AND RETIREMENT PROGRAMS

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Severance and Retirement Options (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 14.02 (a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of sixteen (16) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (ii) Where an employee resigns later than 30 days after receiving notice pursuant to article 14.02(a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of four (4) weeks' salary, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. (b) Prior to issuing notice of layoff pursuant to article 14.02(a)(ii) in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under article 14.02(a)(ii). Within thirty (30) days from the date of notice of layoff, an employee who has received notice of layoff of a permanent or long-term nature may retire provided that the employee is eligible to retire under the terms of the Hospitals of Ontario Pension Plan. An employee who chooses this option forfeits her right to notice and will receive severance pay on the basis of two (2) weeks’ pay for each year of service with the Hospital to a maximum of fifty-two (52) weeks on the basis of the employees normal weekly earnings. In addition, full-time employees will receive a lump sum payment equal to $1,000.00 for every year less than age 65, to a maximum of $5,000.00.

  • Retirement Program Any employee employed prior to October 1, 1977, working at least seventy (70) hours per month shall by law be a member of the Washington Public Employees Retirement system (PERS) Plan One. Any employee working at least seventy (70) hours per month, entering employment on or after October 1, 1977, shall by law be a member of the School Employees Retirement System, Plan Two or Three. The District shall provide each new employee information concerning PERS or SERS membership benefits.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Retiree Health Benefits 1. There is currently in effect a retiree health benefit program for retired members of LACERS under LAAC Division 4, Chapter 11. All covered employees who are members of LACERS, regardless of retirement tier, shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits as provided by this program. The retiree health benefit available under this program is a vested benefit for all covered employees who make this contribution, including employees enrolled in LACERS Tier 3. 2. With regard to LACERS Tier 1, as provided by LAAC Section 4.1111, the monthly Maximum Medical Plan Premium Subsidy, which represents the Kaiser 2-party non-Medicare Part A and Part B premium, is vested for all members who made the additional contributions authorized by LAAC Section 4.1003(c). 3. Additionally, with regard to Tier 1 members who made the additional contribution authorized by LAAC Section 4.1003(c), the maximum amount of the annual increase authorized in LAAC Section 4.1111(b) is a vested benefit that shall be granted by the LACERS Board. 4. With regard to LACERS Tier 3, the Implementing Ordinance shall provide that all Tier 3 members shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits, and shall amend LAAC Division 4, Chapter 11 to provide the same vested benefits to all Tier 3 members as currently are provided to Tier 1 members who make the same four percent (4%) contribution to LACERS under the retiree health benefit program. 5. The entitlement to retiree health benefits under this provision shall be subject to the rules under LAAC Division 4, Chapter 11 in effect as of the effective date of this provision, and the rules that shall be placed into LAAC Division 4, Chapters 10 and 11, with regard to Tier 3, by the Implementing Ordinance. 6. As further provided herein, the amount of employee contributions is subject to bargaining in future MOU negotiations. 7. The vesting schedule for the Maximum Medical Plan Premium Subsidy for employees enrolled in LACERS Tier 1 and LACERS Tier 3 shall be the same. 8. Employees whose Health Service Credit, as defined in LAAC Division 4, Chapter 11, is based on periods of part-time and less than full-time employment, shall receive full, rather than prorated, Health Service Credit for periods of service. The monthly retiree medical subsidy amount to which these employees are entitled shall be prorated based on the extent to which their service credit is prorated due to their less than full time status.

  • ’ 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.

  • Health Benefits For the eighteen (18) month period following the Termination Date, provided that Executive is eligible for, and timely elects COBRA continuation coverage, the Company will pay on Executive’s behalf, the monthly cost of COBRA continuation coverage under the Company’s group health plan for Executive and, where applicable, her spouse and dependents, at the level in effect as of the Termination Date, adjusted for any increase in such level paid by the Company for active employees, less the employee portion of the applicable premiums that Executive would have paid had she remained employed during the such eighteen (18) month period (the COBRA continuation coverage period shall run concurrently with the eighteen (18) month period that COBRA premium payments are made on Executive’s behalf under this subsection 1(a)(ii)). The reimbursements described herein shall be paid in monthly installments, commencing on the sixtieth (60th) day following the Termination Date, provided that the first such installment payment shall include any unpaid reimbursements that would have been made during the first sixty (60) days following the Termination Date. Notwithstanding the foregoing, the Company’s payment of the monthly COBRA premiums in accordance with this subsection 1(a)(ii) shall cease immediately upon the earlier of: (A) the end of the eighteen (18) month period following the Termination Date, or (B) the date that Executive is eligible for comparable coverage with a subsequent employer. Executive agrees to notify the Company in writing immediately if subsequent employment is accepted prior to the end of the eighteen (18) month period following the Termination Date and Executive agrees to repay to the Company any COBRA premium amount paid on Executive’s behalf during such period for any period of employment during which group health coverage is available through a subsequent employer. Notwithstanding the foregoing, the Company reserves the right to restructure the foregoing COBRA premium payment arrangement in any manner necessary or appropriate to avoid fines, penalties or negative tax consequences to the Company or Executive (including, without limitation, to avoid any penalty imposed for violation of the nondiscrimination requirements under the Patient Protection and Affordable Care Act or the guidance issued thereunder), as determined by the Company in its sole and absolute discretion.

  • Long Term Disability Insurance Plan The Employer shall provide a mutually acceptable long-term disability insurance plan, a copy of which shall appear in Appendix “A” – Long-Term Disability Insurance Plan. The plan shall provide post-probationary regular employees with salary continuation as per Appendix “A” until age sixty-five (65) in the event of a disability. The cost of the plan shall be borne by the Employer.

  • Retirement Plans (a) In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (“Qualified Plans”) (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • Retirement, Welfare and Fringe Benefits During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time.

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