Plan Year 2003 Sample Clauses
The "Plan Year 2003" clause defines the specific 12-month period, typically beginning on January 1 and ending on December 31, that is used for administrative, reporting, and compliance purposes within a benefits or retirement plan. This designation determines when eligibility, contributions, and benefits are calculated and tracked for participants. By clearly establishing the plan year, the clause ensures consistency in plan operations and helps avoid confusion regarding deadlines, coverage periods, and regulatory requirements.
Plan Year 2003. For plan year beginning January 1, 2003 through December 31, 2003, the Employer will increase the subsidy paid during plan year 2002 to meet increases in premium costs for PEBB medical and dental plans for plan year 2003, but only up to a maximum amount comparable to an average statewide subsidy increase of $85.00 per eligible employee. Should the additional subsidy amount be insufficient funds to cover full premium costs, the PEBB, in its sole discretion, may decide to use the PEBB reserve funds to cover any additional subsidy beyond the $85.00. If PEBB does not release sufficient reserves, the parties agree to delay implementation of the effective date of the February 1, 2003 salary increase by one month or as agreed to by the parties. If spending the full $85.00 subsidy is not necessary to provide coverage with no out of pocket health and dental premium costs to all eligible employees, the parties agree to early implementation of the February 1, 2003 salary increase as provided herein. For every $15.00 reduction in the average subsidy expense, the February 1, 2003 salary implementation date shall be moved forward one month.
Plan Year 2003. For plan year January 1, 2003 through December 31, 2003, the Employer will increase the subsidy paid during plan year 2002 to meet increases in premium costs for PEBB medical and dental plans for plan year 2003, but only up to a maximum amount comparable to an average statewide subsidy increase of $85.00 per eligible employee.
Plan Year 2003. For plan year beginning January 1, 2003 through December 31, 2003, the Employer will increase the subsidy paid during plan year 2002 to meet increases in premium costs for PEBB medical and dental plans for plan year 2003, but only up to a maximum amount comparable to an average statewide subsidy increase of $85.00 per eligible employee.
Section 5. All sick leave, vacation and holiday benefits shall be as provided by Department of Administrative Services rule for Management Service Employees (70.010.02, pages 1 & 2 dated 5-24-91, pages 3 & 4 dated 12-1-89; 70.010.01, dated 10-1-90; and 70.025.01, dated 3-15-90), copies of which will be provided by the Agency to each bargaining unit member.
Section 6. The existing practice of allowing hour for hour compensation time where an employee is assigned by the Employer to travel on off duty hours shall continue.
Plan Year 2003. For plan year beginning January 1, 2003 through December 31, 21003, the Employer will increase the subsidy paid during plan year 2002 to meet increases in premium costs for PEBB medical and dental plans for plan yea 2003, but only up to a maximum amount comparable to an average statewide subsidy increase of $85.00 per eligible employee. Should the additional subsidy amount be insufficient funds to cover full premium costs, the PEBB, in its sole discretion, may decide to use the PEBB reserve funds to cover any additional subsidy beyond the $85.00. If PEBB does not release sufficient reserves, the parties agree to delay implementation of the effective date of the February 1, 2003 salary increase by one month or as agreed to by the parties.