Common use of Part-time, Seasonal and Intermittent Employees Electing Part-time Insurance Clause in Contracts

Part-time, Seasonal and Intermittent Employees Electing Part-time Insurance. The state will pay 95% of a monthly benefit insurance premium amount of the plan selected by the employee calculated per Article 31, Section 3 as follows: PT premium rate x .95 x the ratio of paid regular hours to full-time hours to the nearest full percent = State contribution In addition, there shall be a subsidy based on the employee's enrollment tier, for plan year 2012 consisting of one of the following monthly amounts: Employee only, $346.25; Employee & Partner, $452.34; Employee & Children, $395.94; Employee & Family, $460.52. These amounts are equal to 95% of the subsidy that is determined by the Public Employees Benefit Board and is subject to change for plan year 2013. The employee will pay the premium balance.

Appears in 26 contracts

Samples: Letter of Agreement, Letter of Agreement, Letter of Agreement

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Part-time, Seasonal and Intermittent Employees Electing Part-time Insurance. The state will pay 95% of a monthly benefit insurance premium amount of the plan selected by the employee calculated per Article 31, Section 3 as follows: PT premium rate x .95 x the ratio of paid regular hours to full-time hours to the nearest full percent = State contribution In addition, there shall be a subsidy based on the employee's enrollment tier, for plan year 2012 consisting of one of the following monthly amounts: Employee only, $346.25; Employee & Partner, $452.34; Employee & Children, $395.94; Employee & Family, $460.52. These amounts are equal to 95% of the subsidy that is determined by the Public Employees Benefit Board and is subject to change for plan year 2013. The employee will pay the premium balance.. LETTERS OF AGREEMENT

Appears in 1 contract

Samples: Letter of Agreement

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