Joint Benefit Trust—Benefits, Contributions and Reserve Levels Sample Clauses

Joint Benefit Trust—Benefits, Contributions and Reserve Levels x. Xxxxxx of the Board of Trustees of the Joint Benefit Trust The welfare, dental, drug, vision, life insurance and medical examination plans described in this Appendix C shall be administered by the Board of Trustees of the Joint Benefit Trust composed of an equal number of representatives designated by the Union and the Employer. The duties and power of the Board of Trustees shall be set forth in the Trust Agreement between the Union and the Employer establishing the Joint Benefit Trust. The parties to this Agreement have established the following bene- fit plans: • 1400 Hour Plan • Non-1400 Hour Plan • Non-1400 Hour Plan for Bridged Employees • Non-1400 Hour Plan for Employees Who Attain Three-Year Seniority on or after July 1, 2003 • Retired 1400 Hour Employees Plan For purposes of the 1400 Hour and Non-1400 Hour Plans, the amount of contributions is determined by the Board of Trustees of the Joint Benefit Trust sub- ject to paragraph c of this Section; provided that for the period July 1, 2009 through June 30, 2011 the Employer’s monthly contribution for the 1400 Hour and Non-1400 Hour Plans, and Non-1400 Hour Plan for Bridged Employees shall be the amount deter- mined by the Board of Trustees as necessary to maintain the schedule of benefits for the 1400 Hour, Non-1400 and Non-1400 Hour Plan for Bridged Employees referenced in paragraph b of this Section. Effective July 1, 2011, the Employer’s obligation to maintain the benefits of the 1400 Hour and Non- 1400 Hour Plans, and Non-1400 Hour Plan for Bridged Employees shall be subject to the limits on contribution rates provided in paragraph c. For purposes of the Non-1400 Hour Plan for Employees Who Attain Three-Year seniority on or after July 1, 2003, the Employer’s obligation shall remain fixed for the term of the Agreement. The Board of Trustees, in their sole and absolute dis- cretion, shall have the sole authority to admit new groups to coverage under the plan it administers on such terms and conditions, including different sched- ules of benefits and contribution rates, as it deter- mines are appropriate in the circumstances. In this context, new groups includes any current employer that negotiates a new level of benefits.
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Related to Joint Benefit Trust—Benefits, Contributions and Reserve Levels

  • Pension Contributions 19.2.3.1 Unless required by law to commence receiving a pension prior to the Member’s actual retirement date (i.e., currently December 31 of the year in which the Member attains age sixty-nine (69)) the Member who postponed retirement beyond his or her TRD will continue to make pension contributions.

  • Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • 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.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Partial Employer Contribution - Basic Eligibility The following employees covered by this Agreement receive the full Employer Contribution for basic life coverage, and at the employee's option, a partial Employer Contribution for health and dental coverages if they are scheduled to work at least fifty (50) percent but less than seventy-five (75) percent of the time. This means:

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

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