INSURANCE FUND Sample Clauses

INSURANCE FUND. The Employer agrees to pay to Pipefitters Local No. 636 Insurance Fund for each Employee covered by this Agreement, the current allocated sum for the Insurance Fund for each hour worked, which shall be used for the purpose of providing Group Insurance for Employees and their dependents.‌‌‌‌‌‌‌‌

INSURANCE FUND. All monies not used for the payment of claims or administrative costs or other costs directly related to the plans shall remain in the Insurance Fund to be monitored on a regular basis by the Insurance Committee in agreement with the terms and conditions set forth in the associated Agreement. Insurance payments, or lack thereof, may be appealed through an appeals process to be decided upon by the Insurance Committee. In the event that the self-insured plan is abolished and/or conventional insurance is reinstated, all remaining monies shall be dispersed in a manner agreed upon by the Board and the Association.

INSURANCE FUND. (A) Effective June 1, 2013, full-time employees (that is, employees regularly working thirty (30) or more hours per week, as determined by the Employer in accordance with applicable law) who so elect will receive health, prescription drug, dental, vision, optical, short-term disability and life insurance coverage pursuant to the Amalgamated National Health Fund “RBNJAA” Plan or such other welfare fund that the Employer and the Union shall designate (“Fund”). The aggregate monthly contributions (both Employer and employee paid) for the Fund will be no greater than the following amounts: EffectiveJune 1, 2013 EffectiveJune 1, 2014 EffectiveJune 1, 2015 Employee Coverage $610.00 $671.00 $739.00 Employee Plus Child $800.00 $880.00 $968.00 Employee Plus Children $1,098.00 $1,208.00 $1,329.00 Employee Plus Spouse $1,170.00 $1,287.00 $1,416.00 Family $1,687.00 $1,856.00 $2,041.00 (1) Eligibility for the Fund begins on the first (1st) of the month following ninety (90) days of full-time employment. Eligible employees will have the option of being covered by the Fund or waiving coverage. For each eligible employee who chooses to be covered by the Fund , the Employer and employee will each pay a percentage of the monthly premium cost as follows with respect to each month in which the employee is in employment and has elected coverage: 15765599v.1 Employer / EmployeeJune 1, 201377% / 23% Employer / EmployeeJune 1, 201476% / 24% Employer / EmployeeJune 1, 201575% / 25% The percentage contribution of eligible employees who choose to be covered by the Fund will be paid on a weekly basis. The Employer’s monthly and the employees’ weekly payments are set forth in Appendix E. (2) The weekly contribution of support employees who elect to participate in the Fund shall be reduced by $3.00 per week for Employee coverage, $7.00 per week for Employee plus Child or Employee plus Spouse coverage and $10.00 per week for Employee plus Children or Family coverage, which reduction will be paid by the Employer. (3) The Employer’s obligation with respect to the provision of health, prescription drug, dental, vision, optical, short-term disability and life insurance coverage pursuant to the Fund pursuant to this Section shall be limited to making the foregoing percentage payments toward the monthly premium cost. (B) If at any time during the term of this Agreement as a result of the Patient Protection and Affordable Care Act (“PPACA”) or similar legislation the Employer will be subject t...

INSURANCE FUND. The Board will pay per administrator or supervisor in each year of this Agreement for the purchase of such benefits as are purchased by the Welfare Insurance Fund of the Yorktown Congress of Teachers for teachers employed by the Board the amount which the Board contributes for each teacher to the Welfare Insurance Fund in that year.

INSURANCE FUND. There has been established a proper and effective insurance fund which contains provisions for the benefit of disabled, sick and injured employees and their dependents, and which provides for hospitalization, medical care, death benefits and such other incidental benefits as may be obtainable or procurable from any insurance group plan and/or insurance company. Some of the said funds will be used to purchase "Major Medical" benefits for the employees. A. The Employer hereby agrees to pay the monthly contribution rates set forth below to the Building Service Health Fund for the Suburban Plan of Benefits, under its rules and regulations to be used by the said Fund for the sole benefit of the said workers employed by the said Employer for the purchase, obtainment and/or maintenance of group insurance to cover such items or insurable benefits, which, may, or can be issued by, and obtained from insurance companies and/or insurance groups to cover such other forms of health, hospitalization, surgical and other benefits as the said Fund may and/or can provide. Effective October 1, 2022: $1,720.00 per employee January 1, 2023: $1,763.00 per employee January 1, 2024: $1,816.00 per employee January 1, 2025: $1,870.00 per employee January 1, 2026: Rate as determined by the trustees, not to exceed $1,944.00 per employee. 1. The Employer shall pay these contributions on behalf of each regular employee employed in excess of 20 hours per week. New employees shall have a waiting period of 90 days before becoming eligible to be participants in the Building Service Health Fund and no contributions shall be made on behalf of such employees over the 90-day period, notwithstanding any provisions to the contrary elsewhere in this Agreement. 2. The Union agrees to request its Trustees to support the appointment of a BRI Trustee on the other 32BJ North benefit funds to which BRI member employers pay contributions. B. It is understood that the funds will be held and managed under the terms and provisions of an Agreement and Declaration of Trust now existing and amendments duly made thereto. It is further understood and agreed that the Employer shall be under no obligation as to the application of the monies paid to the Fund for the purchase and uses above mentioned; but the Insurance Fund, nevertheless, agrees to render reports at regular intervals to the Association respecting applications of the money received and benefits paid. C. The Association and the Employers agree to make...

INSURANCE FUND. The borrower knows and understands provisions in Managing Methods, and knows that he is the subscription obligor of the insurance fund, and agrees to pay the insurance fund according to Managing Methods.

INSURANCE FUND. (a) The Employer agrees to pay monthly into the Union's Insurance Fund for all Journeymen, the following hourly amounts: (b) The Employer agrees to pay monthly into the Union’s Insurance plan each hour worked for all Apprentices as follows: (c) The Employer agrees to pay monthly into the Union's Insurance Fund for all Shop Production Workers, the following hourly amounts: (d) Contributions under this Section 1, Article IX shall be made for all hours worked at the rates specified in this Section without increasing those rates by time and a half (1½) for premium or overtime hours worked. (e) No Employee covered by this agreement shall make or be required to make any contribution whatsoever to said Fund.

INSURANCE FUND. 17.1 Each contractor shall pay on an hours earned basis, rates as noted below, for all employees covered by this Collective Agreement into the Local Health and Welfare Fund where the employee is working: Newfoundland 2.25 2.30 2.35 Nova Scotia 2.15 2.15 2.15 New Brunswick & PEI 3.05 3.10 3.15 Ontario 2.87 2.97 3.07 Manitoba 1.89 1.89 1.89 Saskatchewan 1.84 1.84 1.84 Alberta & NWT Local 488 2.04 2.40 2.40 Alberta Local 496 1.40 1.40 1.40 British Columbia 2.67 2.67 2.67 – 30 – May 1, 2019 to April 30, 2022 17.2 Such welfare hours shall accumulate for a one month period and be submitted to the administration office before the fifteenth of the month following, along with a list of employees names and Social Insurance Numbers and a cheque covering the hours so listed . 17.3 If the rates as noted in 17.01 above for contributions into any Local Health and Welfare fund are adjusted by the fund’s Trustees, any difference (plus or minus) shall be reflected in the wage rate. Any such adjustment shall be made in the month following the adjustment date. Such adjustments to be established in accordance with Article 6.05. 17.4 In the Province of Ontario contractors shall remit an additional Four (4) cents per hour earned to the DeNovo Centre through the health and welfare contribution, two (2) cents shall be an employee payment and two (2) cents an employer payment. 17.5 Canadian Model for Drug and Alcohol Program, the parties to this collective agreement agree that when a provincial drug and alcohol program is established they will each contribute up to .03 cents per hour. 17.6 The parties to this Collective Agreement agree two ($0.02) cents to H2H (Helmets to Hard Hats). One ($0.01) cent contributed by the Contractor and one ($0.01) cent from the employee’s wage package.

INSURANCE FUND. The Employer agrees to pay 11 percent of gross earnings of all of its employees who come under the scope of this Agreement to the Amalgamated Retail Insurance Fund to provide certain health and welfare benefits to its employees. The Union and the Employer further agree to sign any and all instruments necessary to effectuate the provisions of this Article.