Common use of Insurance Fringe Benefit Allocation for Full-time Teachers Clause in Contracts

Insurance Fringe Benefit Allocation for Full-time Teachers. Subd. 1 Each full-time teacher scheduled to hold a position for a period in excess of one hundred (100) working days in a school year will be allocated $985 per month effective July 1, 2023 and $1,065 per month effective July 1, 2024, for use in purchasing fringe benefits under this Article. Effective July 1, 2023, teachers electing Family VEBA coverage will receive an additional 25% of the fringe allocation per month for use in purchasing fringe benefits under this article. Effective July 1, 2024, teachers electing Family VEBA coverage will receive an additional 25% of the fringe allocation per month for use in purchasing fringe benefits under this article. Said allocation will be made on a prorated basis each pay period. Insurance coverage will extend through August 31 for all health insurance participants whose employment will end at the conclusion of the current school year.

Insurance Fringe Benefit Allocation for Full-time Teachers. Subd. 1 Each full-time teacher scheduled to hold a position for a period in excess of one hundred (100) working days in a school year will be allocated $985 880 per month effective July 1, 2023 2021 and $1,065 925 per month effective July 1, 20242022, for use in purchasing fringe benefits under this Article. Effective July 1, 20232021, teachers electing Family VEBA coverage will receive an additional 2510% of the fringe allocation per month for use in purchasing fringe benefits under this article. Effective July 1, 20242022, teachers electing Family VEBA coverage will receive an additional 2520% of the fringe allocation per month for use in purchasing fringe benefits under this article. Said allocation will be made on a prorated basis each pay period. Insurance coverage will extend through August 31 for all health insurance participants whose employment will end at the conclusion of the current school year.