Medical Dental Life and Retirement Benefits Sample Clauses

Medical Dental Life and Retirement Benefits. The County provides a fringe benefits package described below. Unless expressly stated, all benefits listed in this article are prorated based upon the employee’s regular hire FTE. Hours worked as a contingent hire (i.e., Extra Hire) employee, and/or hours worked in excess of a part-time regular hire FTE, and/or overtime hours do not count toward the accrual of benefits.
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Medical Dental Life and Retirement Benefits. A. Fringe-Benefit Amount Effective August 30, 2015 the following changes shall be made to the County’s fringe benefit contributions: Employee only: Shall receive no increase to the $461.96 biweekly fringe amount. Employee Plus One: Increase the Biweekly fringe amount to $525.51 (for employees w/ annual salaries at or above $70,000); and $535.51 (for employees w/ annual salaries below $70,000). Employee Plus Family: Increase the Biweekly fringe amount to $704.72 (for employees w/ annual salaries at or above $70,000); and $724.72 (for employees w/ annual salaries below $70,000) Effective in December 2015, in the pay period in which there will be an increase in health insurance premiums, the County will increase the bi-weekly fringe benefit package by 3.0% for employee only, employee plus one (1) and employee plus family. Effective in December 2016 and in December 2017, in the pay period in which there will be an increase in health insurance premiums, the County will increase the bi-weekly fringe benefit package by 3.0% to 5.0% (based on Kaiser Silver increase or the County’s lowest cost HMO at that time) for employee only, employee plus one (1) and employee plus family. Effective August 30, 2015 employees in the employee only benefit tier and employees who waive health insurance will receive a one-time payment of $400. Effective in the first full pay period in July 2016, employees in the employee only benefit tier and employees who waive health insurance will receive a one-time payment of $200. Effective in January of 2016, the County shall contribute $200 into a Health Reimbursement Arrangement (HRA) on behalf of all benefited employees (prorated for part-time employees) . An HRA is a plan that allows employees to pay for qualified health expenses such as prescription medication and health premiums. Any employee enrolling in County medical coverage is eligible to receive up to $100.00 cash back of any remaining unused amount of their bi-weekly fringe benefit package.
Medical Dental Life and Retirement Benefits. 3.1.1 Continuation 7 3.1.2 Fair Distribution 7
Medical Dental Life and Retirement Benefits 

Related to Medical Dental Life and Retirement Benefits

  • 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.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

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