Common use of Insurances, Leave Accruals and Service Credits Clause in Contracts

Insurances, Leave Accruals and Service Credits. Retirement service credits, overtime compensation, longevity compensation, step increases, continuous service hours, holiday pay, annual and sick leave accruals will continue as if the employee had received pay for the BLT hours. Premiums, coverage and benefit levels for insurance programs (including LTD) in which the employee is enrolled will not be changed as a result of participation in the program. Employees shall incur no break in service due to participation in the program. Subject to legislative approval, the program is not intended to have an effect on the final average compensation calculations under the state’s defined benefit plan nor the salary used for employer contribution calculations under the state’s defined contribution plan.

Appears in 3 contracts

Samples: Labor Agreement, www.michigan.gov, www.michigan.gov

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Insurances, Leave Accruals and Service Credits. Retirement service credits, overtime compensation, longevity compensation, step increases, continuous service hours, holiday pay, annual and sick leave accruals will continue as if the employee had received pay for the BLT hours. Premiums, coverage and benefit levels for insurance programs (including LTDltd) in which the employee is enrolled will not be changed as a result of participation in the program. Employees shall incur no break in service due to participation in the program. Subject to legislative approval, the The program is not intended to have an effect on the final average compensation calculations under the state’s defined benefit plan nor the salary used for employer contribution calculations under the state’s defined contribution plan.

Appears in 2 contracts

Samples: Health and Safety Agreement, Health and Safety Agreement

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Insurances, Leave Accruals and Service Credits. Retirement service credits, overtime compensation, longevity compensation, step increases, continuous service hours, holiday pay, annual and sick leave accruals will continue as if the employee had received pay for the BLT hours. Premiums, coverage and benefit levels for insurance programs (including LTD) in which the employee is enrolled will not be changed as a result of participation in the programProgram. Employees shall incur no break in service due to participation in the programProgram. Subject to legislative approval, the program The Program is not intended to have an effect on the final average compensation Final Average Compensation calculations under the stateState’s defined benefit plan Defined Benefit Plan nor the salary used for employer contribution calculations under the stateState’s defined contribution planDefined Contribution Plan.

Appears in 1 contract

Samples: www.michigan.gov

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