Medical Services Plan, Extended Health, Dental and Group Life. The Employer shall pay a prorated share of the premiums for the above-noted benefits based on the proportion of the employees new scheduled hours compared to the full- time hours of the position being shared and the premiums normally paid by the Employer for a full-time employee. The employee shall pay the balance in order to maintain full coverage. An example of the calculation of the Employer’s share is as follows: Employer share: 17.5 (scheduled hours)/35 (normal full-time hours) x 75% (employer’s portion of premium) = 37.5% of premium
Medical Services Plan, Extended Health, Dental and Group Life. The Corporation shall pay a prorated share of the premiums for the above‐noted benefits based on the proportion of the employee's new scheduled hours compared to the full‐time hours of the position being shared and the premiums normally paid by the Corporation for a full‐ time employee. The employee shall pay the balance in order to maintain full coverage. An example of the calculation of the Corporation's share is as follows: Corporation's share = 17.5 (schedule hours)/35 (regular full‐time hours) x 60% (Corporation's portion of premium) = 30% of premium
Medical Services Plan, Extended Health, Dental and Group Life. The Employer shall pay a prorated share of the premiums for the above- noted benefits based on the proportion of the employee's new scheduled hours compared to the full-time hours of the position being shared and the premiums normally paid by the Employer for a full-time employee. The employee shall pay the balance in order to maintain full coverage. An example of the calculation of the Employer's share is as follows:
Medical Services Plan, Extended Health, Dental and Group Life. The Employer shall pay a prorated share of the premiums for the above-noted benefits based on the proportion of the employee's new scheduled hours SCHEDULE "B" (cont'd) Page 4 compared to the full-time hours of the position being shared and the premiums normally paid by the Employer for a full-time employee. The employee shall pay the balance in order to maintain full coverage. An example of the calculation of the Employer's share is as follows:
Medical Services Plan, Extended Health, Dental and Group Life. The Employer shall pay a prorated share of the premiums for the above-noted benefits, provided that the employee is qualified to be enrolled in the Medical Services Plan, Extended Health, Dental and Group Life, based on the proportion of the employee's new scheduled hours compared to the full-time hours of the position being shared and the premiums normally paid by the Employer for a full-time employee. The employee shall pay the balance in order to maintain full coverage. An example of the calculation of the Employer's share is as follows: LETTER OF UNDERSTANDING – JOB SHARING (cont'd) Page 4 Employer's share = 17.5 (scheduled hours)/35 (normal full-time hours) x 75% (employer's portion of premium) = 37.5% of premium
