RA PLAN Sample Clauses
The RA PLAN clause outlines the requirements and procedures for developing and submitting a Risk Assessment Plan within a contractual or project framework. Typically, this clause specifies the timeline for submission, the necessary components of the plan—such as identification of potential risks, mitigation strategies, and responsible parties—and the process for review and approval by relevant stakeholders. Its core practical function is to ensure that all foreseeable risks are systematically identified and managed from the outset, thereby minimizing potential disruptions and allocating responsibility for risk management.
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RA PLAN. The Health Insurance will change to the HRA High Deductible plan (the “HRA Plan”) effective 1/1/2015.
37.2.1. The premium costs for the HRA Plan for years 2020 and 2021 5617have been provided to the parties and are attached hereto and initialed by the parties.
37.2.2. The employee pays sixteen percent (16%) and the Employer pays eighty-four percent (84%) of the premium costs for the HRA Plan, effective with the approval of the contract by City Council. last pay of 2018On 12/31/19, the employee pays 17% and the employer pays 83%. On 12/31/20, the employee pays 18% and the Employer pays 82%. On 12/31/21, the Employee pays 19% and the Employer pays 81%. On 12/31/22, the employee pays 20% and the employer pays 80% of the premium. In addition, the Employer shall pay the Employee an annual amount of $3,600 for a single HRA Plan or $7,200 for a 2 person/family HRA plan in full satisfaction of the HRA Plan deductible and co-insurance for years 2018, 2019, 2020, and 2021and 2022. The Employer shall have no obligation to make any other payment.
37.2.3. The Employer will pay the annual amount of $3,600 for single or $7,200 for 2 person/family payment to the Employee on a quarterly basis.
37.2.4. New Hires will receive the full quarter payment, regardless of the start date for the quarter in which they are hired.
37.2.5. Employees covered by the HRA Plan who encounter a catastrophic illness or injury, may request to have the remaining annual payment advanced for the current year. The Employer will decide in its sole discretion, whether to advance any of the remaining annual payment to the Employee.
37.2.6. The Employee contribution shall be deducted bi-weekly, by the Employer, from Employee paychecks as payment for the cost of premiums.
37.2.7. Employee contributions shall be treated as pre-tax income under the flex payroll plan provided by the Employer.
37.2.8. Plan options are available as follows: individual, two person and family coverage.