Opt out of Medical Coverage. Employees may elect not to be covered by the PERS medical plan, provided they provide proof to the City of dual coverage from PERS or other medical coverage. Employees who decline coverage will be eligible to receive the following amounts per month from the above-listed optional pre-tax benefits and/or a taxable cash-out benefit. 1. Employee eligible to enroll as employee plus one, but enrolls as employee only = $100. 2. Employee eligible to enroll as employee plus two, but enrolls as employee plus one = $100. 3. Employee eligible to enroll employee plus two, but enrolls employee only = $150.
Appears in 4 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
Opt out of Medical Coverage. Employees may elect not to be covered by the PERS medical plan, provided they provide proof to the City of dual coverage from PERS or other medical coverage. Employees who decline coverage will be eligible to receive the following amounts per month from the above-listed optional pre-tax benefits and/or a taxable cash-cash- out benefit.
1. Employee eligible to enroll as employee plus one, but enrolls as employee only = $100.
2. Employee eligible to enroll as employee plus two, but enrolls as employee plus one = $100.
3. Employee eligible to enroll employee plus two, but enrolls employee only = $150.
4. Employee eligible to enroll employee plus one, but enrolls no one = $150.
5. Employee eligible to enroll employee plus two but enrolls no one = $225.
Appears in 1 contract
Samples: Memorandum of Understanding