Insurance Pooling. The intent of the parties is to provide the maximum insurance contribution allowable by law to the employee pool, to be distributed among members of the bargaining unit. To gain maximum utilization of the total allowable state insurance contribution provided by law for employees covered by this Agreement, the District agrees that it will contribute the maximum allowable to an insurance pool to be distributed among employees on a fair share basis, to those who do not generate sufficient monies to cover the full cost of medical coverage, provided the State funded insurance contribution, based on FTE, for certificated employees is not exceeded.
Insurance Pooling. Pooling of insurance benefits will no longer be in effect for husband and wife employees employed after July 31, 2003. Current employees who pool insurance benefits may continue to do so as long as both are active employees of the Center Grove Community School Corporation.
Insurance Pooling. The intent of the parties to provide the maximum insurance contributions as funded by law to the employee pool, to be distributed among members of the bargaining unit. To gain maximum utilization of the total allowable state insurance contribution provided by law for employees covered by this Agreement, the District agrees that it will contribute the maximum allowable to an insurance pool to be distributed among employees on a fair share basis, to those who do not generate sufficient monies to cover the full cost of medical coverage. From the dollar amount available to each employee, first shall be deducted the cost of the District's dental plan with the remaining monies available for application to one of the medical insurance programs.
Insurance Pooling. The intent of the parties is to provide the maximum insurance contribution 20 bargaining unit. To gain maximum use of funds appropriated and received, the District agrees that 21 it will contribute benefit funds received to an insurance pool to be distributed among employees on a 22 fair-share basis. 24 Adjustments will be made once annually, on November 30, so that pooling will begin with the
Insurance Pooling. The intent of the parties is to provide the state funded insurance contribution pool, to be distributed among members of the bargaining unit. To gain maximum utilization of this contribution, the Employer agrees that it will contribute the remaining state-funded dollars to an insurance pool to be distributed among employees on a fair share basis, to those who do not generate sufficient monies to cover the full cost of medical coverage. Pooling will follow state insurance benefit regulations and laws.
Insurance Pooling. Insurance pooling will continue at the state level.
Insurance Pooling. If the insurance cap does not cover the full cost of the medical, vision, and dental insurance premiums for employees, an insurance pool will be implemented by the October paycheck according to the following formula. The total of employees unspent District contributions equals “the pool.” All employees without out of pocket medical, vision, dental insurance premiums will be distributed from lowest to highest and “pool” dollars will be applied down the list until the “pool” is exhausted. “The pool” shall be determined by multiplying the unspent District contributions by a percentage as indicated in the table below. School Year Pool Percentage to Employees 2022-2025 90% The “pool” shall apply only to medical, dental and vision plan premiums for employees whose coverage exceeds the monthly insurance cap. “Pool” dollars may not be applied to optional plans described in Article 17.2. Employees must (re)enroll with OEBB by October 1 to be eligible for “pool” dollars with the following exceptions: ● New employees hired after September 1st or hired after the pool is established will be eligible for “pool” dollars starting in October or the first month insurance is deducted from their paycheck, whichever is later. ● Employees who have an eligible mid-year qualified status change as defined by OEBB will be eligible for “pool” dollars. ● These employees will receive the District provided insurance contribution and a District contribution from the pool up to the maximum individual amount as determined by the October pool calculation.
Insurance Pooling. For 2016-17 the total of OSEA member unspent District contributions multiplied by 60% (sixty percent) equals “the pool.” For 2017-18 the total of OSEA member unspent District contributions multiplied by 70% (seventy percent) equals “the pool”. For 2018- 19 the total of OSEA member unspent District contribution multiplied by 75% (seventy-five percent) equals “the pool”. For 2019-2020 the total of OSEA member unspent District contribution multiplied by 80% (eighty percent) equals “the pool”. If the insurance cap does not cover the full cost of the medical, dental, and vision insurance premiums for members, an insurance pool will be created by November 15 according to the following formula: Dollars in pool = % of monthly out-of-pocket cost paid by pool - - - - - - - - - - - - - - - - - - - - - - - - - - - Total out-of-pocket cost Example: Total OSEA member’s monthly out-of-pocket costs for medical, dental, and vision insurance premiums are $25,300 (for employees who have out of pocket costs for medical, dental, and vision insurance) and there is $26,500 of unspent cap dollars (for employees who spend less than the cap for medical, dental, and vision insurance). $26,500/$25,300=1.04743% (times) 60%=62.846% of each employee's monthly out-of-pocket cost for medical, dental, and vision insurance will be covered by the pool. The pool shall apply only to medical, dental and vision plan premiums for employees that exceed the monthly insurance cap. Employees will be eligible to obtain optional insurance coverage(s) (i.e. Disability, AD&D, Cancer, and Life) with unspent dollars under the District cap (See Article
Insurance Pooling. If the insurance cap does not cover the full cost of the medical, vision, and 34 dental insurance premiums for members, an insurance pool will be implemented by the 35 October paycheck according to the following formula. 36 37 The total of CEA member unspent District contributions multiplied by 50% (fifty percent) equals 38 “the pool.” All members with out of pocket medical, vision, dental insurance premiums will be 39 distributed from lowest to highest and “pool” dollars will be applied down the list until the 40 “pool” is exhausted. 41 42 The “pool” shall apply only to medical, dental and vision plan premiums for employees whose 43 coverage exceeds the monthly insurance cap. “Pool” dollars may not be applied to optional 44 plans described in Article 17.2. 45 46 Employees hired after the pool is established will be eligible for “pool” dollars starting in 47 October or the first month insurance is deducted from their paycheck, whichever is later.
Insurance Pooling. The intent of the parties is to provide the maximum insurance contribution to the teacher pool, to be distributed among members of the bargaining unit on a fair share basis to those who do not generate sufficient monies to cover the full cost of medical coverage.
