Common use of Premium Sharing Clause in Contracts

Premium Sharing. Employees electing coverage shall continue to pay the same premium contribution as of the expiration of the prior collective bargaining agreement (December 31, 2006) which is the same as other County general fund non-bargaining unit employees and the Employer shall pay the balance. However, in the event other County general fund non-bargaining unit employees are required to pay greater insurance premium contributions, bargaining unit employees shall pay the increased premium contributions not to exceed twenty percent (20%) of the established premium for the category selected. For purposes of administering this Section, the in-category premium is the COBRA rate established by the third party administrator or actuary. Employees are responsible for paying their portion of the co-payment on premiums through payroll deduction. Employees electing not to accept coverage must sign a waiver.

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

AutoNDA by SimpleDocs

Premium Sharing. Employees electing coverage shall continue to pay the same premium contribution as of the expiration of the prior collective bargaining agreement (December 31, 200631,2022) which is the same as other County general fund non-bargaining unit employees and the Employer shall pay the balance. However, in the event other County general fund non-bargaining unit employees are required to pay greater insurance premium contributions, bargaining unit employees shall pay the increased premium contributions not to exceed twenty percent (20%) of the established premium for the category selected. For purposes of administering this Section, the in-category premium is the COBRA rate established by the third party xxxxx administrator or actuary. Employees are responsible for paying their portion of the co-payment on premiums through payroll deduction. Employees electing not to accept coverage must sign a waiver.

Appears in 1 contract

Samples: Collective Bargaining Agreement

AutoNDA by SimpleDocs

Premium Sharing. Employees electing coverage shall continue to pay the same premium contribution as of the expiration of the prior collective bargaining agreement (December 31, 200631,2022) which is the same as other County general fund non-bargaining unit employees and the Employer shall pay the balance. However, in the event other County general fund non-bargaining unit employees are required to pay greater insurance premium contributions, bargaining unit employees shall pay the increased premium contributions not to exceed twenty percent (20%) of the established premium for the category selected. For purposes of administering this Section, the in-category premium is the COBRA rate established by the third party administrator or actuary. Employees are responsible for paying their portion of the co-payment on premiums through payroll deduction. Employees electing not to accept coverage must sign a waiver.

Appears in 1 contract

Samples: Final Agreement—support Unit

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!