Monthly Employee Cost-Sharing Contributions Sample Clauses

Monthly Employee Cost-Sharing Contributions. (a) Effective January 1, 2007, each employee covered by this Agreement shall contribute to the Plan, for each month that his employer is required to make a contribution to the Plan on his behalf for foreign-to- occupation health benefits coverage for himself and/or his dependents, a monthly cost-sharing contribution in an amount equal to 15% of the Carriers’ Monthly Payment Rate for 2007. (b) The employee monthly cost-sharing contribution amount shall be adjusted, effective January 1, 2008, so as to equal 15% of the Carriers’ Monthly Payment Rate for 2008 and, effective January 1, 2009, so as to equal 15% of the Carriers’ Monthly Payment Rate for 2009. (c) Effective January 1, 2010, the employee monthly cost-sharing contribution amount shall be adjusted to be the lesser of: (1) 15% of the Carrier’s Monthly Payment Rate for 2010, or (2) $200.00 or the January 1, 2009 employee monthly cost- sharing contribution amount, whichever is greater. (d) For purposes of subsections (a) through (c) above, the “Carriers’ Monthly Payment Rate” for any year shall mean the sum of what the carriers’ monthly payments to — (1) the Plan for foreign-to-occupation employee and dependent health benefits, employee life insurance benefits and employee accidental death and dismemberment insurance benefits, (2) the Dental Plan for employee and dependent dental benefits, and (3) the Vision Plan for employee and dependent vision benefits, would have been during that year, per non-hospital association road employee, in the absence of any employee contributions to such Plans. (e) The Carriers’ Monthly Payment Rate for the calendar years 2007 and 2008, respectively, has been determined to be $1,108.34. The Employee Monthly Cost-Sharing Contribution Amount for the calendar years 2007 and 2008, respectively, has been determined to be $166.25.
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Monthly Employee Cost-Sharing Contributions. (a) Effective January 1, 2010 through December 31, 2011, the employee monthly cost-sharing contribution amount shall be $200.00. (b) Effective January 1, 2012, each employee covered by this Agreement shall contribute to the Plan, for each month that his employer is required to make a contribution to the Plan on his behalf for foreign-to- occupation health benefits coverage for himself and/or his dependents, a monthly cost-sharing contribution in an amount equal to the lesser of 15% of the Carriers' Monthly Payment Rate for 2012 or $200.00. (c) The employee monthly cost-sharing contributions amount shall be adjusted, effective July 1, 2016, so as to equal the lesser of 15% of the Carrier's Monthly Payment Rate for 2016 or $230.00, unless otherwise mutually agreed by the parties during negotiations commencing when this Agreement becomes amendable pursuant to Article IV. (d) For purposes of subsections (b) and (c) above, the "Carriers' Monthly Payment Rate" for any year shall mean one twelfth of the sum of what the carriers' monthly payments to – (1) the Plan for foreign-to-occupation employee and dependent health benefits, employee life insurance benefits and employee accidental death and dismemberment insurance benefits, (2) the Dental Plan for employee and dependent dental benefits and (3) the Vision Plan for employee and dependent vision benefits, would have been during that year, per non-hospital association road employee, in the absence of any employee contributions to such Plans.
Monthly Employee Cost-Sharing Contributions. (a) Effective January 1, 2023, each employee covered by this Agreement shall contribute to the Plan, for each month that the employer is required to make a contribution to the Plan on the employee’s behalf for foreign-to-occupation health benefits coverage for the employee and/or the employee’s dependents, a monthly contribution equal to 15% of the Carriers’ Monthly Payment Rate. Effective on each subsequent January 1, the monthly employee cost-sharing contribution shall be adjusted to reflect 15% of the Carriers’ Monthly Payment Rate for the relevant year. (b) For purposes of subsection (a) above, the “Carriers’ Monthly Payment Rate” for any year shall mean one twelfth of the sum of what the carriers’ monthly payments to – (1) the Plan for foreign-to-occupation employee and dependent health benefits, employee life insurance benefits and employee accidental death and dismemberment insurance benefits, (2) the Dental Plan for employee and dependent dental benefits, and (3) the Vision Plan for employee and dependent vision benefits, would have been during that year, per non-hospital association road employee, in the absence of any employee contributions in the aforementioned plans.
Monthly Employee Cost-Sharing Contributions. (a) Effective January 1, 2023, each employee covered by this Agreement shall contribute to the Plan, for each month that the employer is required to make a contribution to the Plan on the employee’s behalf for foreign-to-occupation health benefits coverage for the employee and/or the employee’s dependents, a monthly contribution equal to 15% of the Carriers’ Monthly Payment Rate. Effective on each subsequent January 1, the monthly employee cost-sharing contribution shall be adjusted to reflect 15% of the Carriers’ Monthly Payment Rate for the relevant year.

Related to Monthly Employee Cost-Sharing Contributions

  • Employee Contributions Any member of the bargaining unit who is hired on or after September 1, 2010 is eligible to make a voluntary contribution to the City=s Deferred Compensation Plan offered by Ameritas.

  • Employee Contribution Eligible employees shall contribute one percent (1%) of their salary on a per pay period basis to the HCSP.

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

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