Spousal Buy Back Sample Clauses

Spousal Buy Back. Effective January 1, 2005, members of the bargaining unit who are participants in the Genesee County Self-Funded Medical Plan, and who also have medical/hospitalization coverage through a spouse’s non-county plan, may participate in the Medical Spousal Buy Back Program upon submitting sufficient 32.7.1 An employee who opts for the spousal buy back may only re-enter the Medical Plan once per calendar year or upon the occurrence of a “qualifying event” (divorce, death of a spouse, spouse’s loss of employment). Under these circumstances immediate re-entry is available to the employee upon written thirty

Spousal Buy Back. Employees who are participants in the Genesee County Self-Funded Medical Plan, and who also have medical/hospitalization coverage through a spouse’s non-county plan, may participate in the Medical Spousal Buy Back Program upon submitting sufficient evidence of dual coverage to the Personnel Office, and upon signing an appropriate release form. In lieu of the employee’s participation in the County’s Self-Funded Medical Plan, the employee will receive an annual cash settlement of TWO thousand five hundred dollars ($2500). The cash settlement shall be paid in two equal annual installments, one $1250 during the month of July, and one $1250 during the month of December. Any employee wishing to participate in this program must initiate the process by requesting the release form from the Personnel Office, completing and returning same to the Personnel Office. The employee’s participation will commence on the first of the month following the receipt and approval by the Personnel Office. An employee hired on or after September 11, 1996 who has Medical/ Hospitalization coverage through a spouse’s medical plan or employment other than with the County will not be eligible to participate in the Genesee County Self-Funded Medical Plan and must participate in the Spousal Buy Back Program. (Refer to Memorandum of Agreement dated 12/1/2000) The County’s current practice with respect to hospitalization coverage for spouses both of whom are employed by the County shall continue for employees hired on or before December 31, 1980. 22.5.1 An employee may join or leave the plan at any time. An employee’s termination and reentry shall be limited to once each calendar year. However, in the event of divorce, death of spouse, or the spouse’s loss of employment, immediate re-entry is available to the employee upon written thirty day notice to the Personnel Department. An employee who leaves the Plan and then rejoins will be considered a new member of the Plan, subject to the same limitations and provisions as other new members who enroll in the insurance plan. Upon joining the plan, the employee shall be entitled to an in lieu payment at the next payment date prorated to reflect the employee’s time in the plan. Upon leaving the plan, the employee shall be entitled to an in lieu payment at the next payment date prorated to reflect the employee’s time in the plan. 21.5.2 All earnings from the employee’s participation in this program shall be paid in a separate check. The W-2 issued at ...