Insurance Premiums and Retirement System Contributions Sample Clauses

Insurance Premiums and Retirement System Contributions. In accordance with the Illinois State Employees Group Insurance Act of 1971, 127 Ill. Rev. Stat. 521 et seq., as amended from time to time an employee on leave of absence without pay may continue coverage under University sponsored insurance plans. If the employee is on leave of absence without pay, it will be necessary for the employee to arrange for premium payments during the period of the leave at the Offices of Human Resources. If the individual is on leave of absence with pay, the insurance premiums will continue to be deducted from the employee's pay. In accordance with the Illinois Pension Code, 108½ Ill. Rev. Stat. 1-101 et seq., as amended from time to time, an employee on leave of absence without pay (except while under worker's compensation for injury) must make contributions to the State Universities Retirement System in order to continue eligibility for additional death and disability benefits and to earn credit toward the retirement annuity. An employee wishing to make such contributions must file an Election to Make Contributions on the State Universities Retirement System form available from the Offices of Human Resources or from the State Universities Retirement System office. The form must be received by the Retirement System within thii1y (30) days following the beginning date of leave without pay.
Sample 1
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Insurance Premiums and Retirement System Contributions. 48 49 ARTICLE XIV NON-TENURE TRACK FACULTY/ADMINISTRATION CONFERENCES ......................................................................................... 50 ARTICLE XV REDUCTION IN FORCE Section 15.1 REDUCTION IN FORCE DEFINED ........................................................... 51 Section 15.2 REDUCTION IN FORCE PROCEDURES .................................................. 52 Section 15.3 Section 15.4 NOTICE PRIOR TO A REDUCTION IN FORCE....................................... RECALL RIGHTS OF REDUCED OR TERMINATED NON-TENURE TRACK FACULTY MEMBERS .................................................................. 53 54 Section 15.5 UNIVERSITY RIGHTS REGARDING TENURE TRACK POSITIONS... 55 ARTICLE XVI PARKING ARTICLE XVII EFFECT OF AGREEMENT Section 17.1 COMPLETE UNDERSTANDING ............................................................... 57 Section 17.2 MAINTENANCE OF STANDARDS ........................................................... 57 Section 17.3 INDIVIDUAL UNDERSTANDINGS .......................................................... 57 Section 17.4 NO STRIKE/NO LOCKOUT........................................................................ 57 Section 17.5 SAVINGS CLAUSE...................................................................................... 58 Section 17.6 FUTURE NEGOTIATIONS ......................................................................... 58 Section 17.7 DURATION OF AGREEMENT................................................................... 58
Sample 1
Insurance Premiums and Retirement System Contributions. In accordance with the Illinois State Employee Group Insurance Act of 1971, 127 Ill. Rev. Stat. 521 et seq., as amended from time to time, an eligible bargaining unit member on leave of absence without pay may continue coverage under University sponsored insurance plans. If the eligible bargaining unit member is on leave of absence without pay, it will be necessary for her/him to arrange for premium payments during the period of the leave at the Offices of Human Resources. If the eligible bargaining unit member is on leave of absence with pay, the insurance premiums will continue to be deducted from her/his pay. In accordance with the Illinois Pension Code, 108 1/2 Ill. Rev. Stat. 1-101 et seq., as amended from time to time, an eligible bargaining unit member on leave of absence without pay (except while under worker’s compensation for injury) must make contributions to the State Universities Retirement System in order to continue eligibility for additional death and disability benefits and to earn credit toward the retirement annuity. An eligible bargaining unit member wishing to make such contributions must file an Election to Make Contributions on the State Universities Retirement System form available from the Offices of Human Resources or from the State Universities Retirement System office. The form must be received by the Retirement System within thirty (30) days following the beginning date of leave without pay.
Sample 1

Related to Insurance Premiums and Retirement System Contributions

  • INSURANCE AND RETIREMENT Each teacher shall be entitled to fringe benefits provided by this agreement and by federal regulations provided by Cobra (Consolidated Omnibus Budget Reconciliation Act of 1985). These shall include but not be limited to the following:

  • Non-Retirement Savings Accounts An account maintained in the Cayman Islands (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of the Cayman Islands.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Group Health Benefit Plans, Carrier and Premiums 7.1.1 When enrolment and other requirements for group participation in various plans have been met, the Employer will sponsor such plans to the portion agreed upon and such sponsorship shall not exceed that which is authorized or accepted by the benefit agency.

  • Retirement Plans 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 (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, JHSS shall provide the following administrative services:

  • Post Retirement Health Care Benefit Employees who separate from State service and who, at the time of separation are insurance eligible and entitled to immediately receive an annuity under a State retirement program, shall be entitled to a contribution of two hundred fifty dollars ($250) to the Minnesota State Retirement System’s (MSRS) Health Care Savings Plan. Employees who have a HCSP waiver on file shall receive a two hundred fifty dollars ($250) cash payment. If the employee separates due to death, the two hundred fifty dollars ($250) is paid in cash, not to the HCSP. An employee who becomes totally and permanently disabled on or after January 1, 2008, who receives a State disability benefit, and is eligible for a deferred annuity under a State retirement program is also eligible for the two hundred fifty dollar ($250) contribution to the MSRS Health Care Savings Plan. Employees are eligible for this benefit only once.

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

  • Beneficiary Rollovers from Employer-Sponsored Retirement Plans If you are a spouse Beneficiary, nonspouse Beneficiary, or the trustee of an eligible type of trust named as Beneficiary of a deceased employer plan participant, you may directly roll over inherited assets from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan to an inherited IRA. The IRA must be maintained as an inherited IRA, subject to the beneficiary distribution requirements.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • VESTED RETIREMENT GRATUITY VOLUNTARY EARLY PAYOUT a) An Employee eligible for a Sick Leave Credit retirement gratuity as per Appendix A shall have the option of receiving a payout of his/her gratuity on August 31, 2016, or on the employee’s normal retirement date.

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