Spouse and Dependent Insurance Sample Clauses

Spouse and Dependent Insurance. The annual experience calculation for the spouse and dependent insurance plan shall begin with a determination of all charges to the plan. Pursuant to Exhibit B of this agreement (Claim Charges), claim charges shall include items L and M (death claims), item N (living benefit claims) and item O (conversion charge), and the total of these charges shall be reduced by any catastrophic loss for the POLICY YEAR to produce the net claim charge for the POLICY YEAR. To the net claim charge shall be added the STATE internal administration expense, the STATE premium taxes, the MINNESOTA LIFE expense charge and the risk charge. If the sum of all charges to the plan is less than the sum of the premium and the interest credits reduced by any prior deficits accumulated at interest, the excess shall be deposited in the stabilization reserve. If the sum of all charges is greater than the sum of the premium and the interest credits, the premium deficiency shall be withdrawn from the stabilization reserve. If the premium deficiency exceeds the balance in the stabilization reserve, the remainder shall be carried forward as a deficit charge against the stabilization reserve. EXHIBIT B CLAIM CHARGES Except as provided under Section 4.5 and Exhibit F of this agreement (Stop-Loss Provision), claim charges attributable to a POLICY YEAR shall be equal to the sum of the following items:
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Spouse and Dependent Insurance. On each policy anniversary, interest credits and charges on the spouse and dependent insurance plan shall be calculated at the interest rates declared by MINNESOTA LIFE on the following basis: Interest credits on premiums calculated from their average date of payment to MINNESOTA LIFE during the POLICY YEAR until the last day of the POLICY YEAR. Interest charges on spouse and dependent death and living benefit claims and interest on such claims paid during the POLICY YEAR, calculated from their average date of payment during the POLICY YEAR until the last day of the POLICY YEAR. Interest charges on the MINNESOTA LIFE expense charge, the STATE internal administration expense charge, the actuarial service charge, the STATE premium taxes, the risk charge, and the conversion charge during the POLICY YEAR, calculated from July 1 of the POLICY YEAR until the last day of the POLICY YEAR on the assumption that, on the average, these charges are incurred on July 1 of the POLICY YEAR. Interest credits on the withdrawals from the stabilization reserve as specified in Exhibit A of this agreement (Annual Experience Calculation), calculated from the average date of payment calculated in "B" above until the last day of the POLICY YEAR. EMPLOYER AVIATION AD&D INSURANCE On each policy anniversary, interest credits and charges on the EMPLOYER AVIATION AD&D INSURANCE plan shall be calculated at the interest rates declared by MINNESOTA LIFE on the following basis: Interest credits on premiums calculated from the date of payment to MINNESOTA LIFE during the POLICY YEAR until the last day of the POLICY YEAR. Interest charges on employer aviation AD&D claims and interest on such claims paid during the POLICY YEAR, calculated from their average date of payment during the POLICY YEAR until the last day of the POLICY YEAR. Interest charges on the STATE premium taxes and the risk charge during the POLICY YEAR, calculated from July 1 of the POLICY YEAR until the last day of the POLICY YEAR on the assumption that, on the average, these charges are incurred on July 1 of the POLICY YEAR. Interest credits on the withdrawals from the stabilization reserve as specified in Exhibit A of this agreement (Annual Experience Calculation), calculated from the average date of payment calculated in "B" above until the last day of the POLICY YEAR. EXHIBIT I PERFORMANCE STANDARDS AND PENALTIES QUANTITATIVE STANDARDS PENALTY PERFORMANCE MEASURE For each whole percentage point below the performance stan...
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Related to Spouse and Dependent Insurance

  • Retirement Insurance A teacher retiring from the District and under the provisions of Teachers’ Retirement Association (TRA) is eligible to continue to participate in group insurance programs (health insurance, dental insurance, life insurance, supplemental life insurance) as permitted under the insurance policy provisions provided the teacher pay the entire premium for such group insurance programs commencing with the beginning of the retirement (see District Website, Human Resources for specific coverage available). The teacher shall be responsible for paying the monthly premium amounts in advance and on such dates as determined by the District/third party administrator. The right to continue participation in such group insurance programs will discontinue upon the failure of the teacher to pay the premiums to the District/third party administrator, or the expiration of insurance availability under the insurance policy provisions. Since long-term disability insurance coverage replaces salary, and a retiree receives no salary, long-term disability insurance coverage is not available.

  • Health and Dental Insurance ☐ Husband ☐ Wife shall maintain coverage for each minor child under the medical and dental insurance provided through his/her employment. To facilitate the use of such coverage for the child(ren), the Couple shall cooperate fully and in a timely manner, including, but not limited to, obtaining and providing all necessary insurance cards and claim forms, completing and submitting all necessary documents, and delivering all insurance payments. For purposes of duration and modification, this provision shall be deemed part of the child support orders made by the local court in the Couples’ dissolution action.

  • Retiree Life Insurance Employees who retire under the Monroe County Employees' Retirement System shall be eligible for $4,000.00 term life insurance. All employees hired by the Employer on or after October 1, 2007 shall not be eligible for Retiree Life Insurance.

  • Life Insurance Coverage a. Fifteen Thousand ($15,000) Dollars life insurance policy with AD&D from an insurance carrier selected by the Board, subject to the provisions of this section. Such insurance shall pay double in the case of accidental death or dismemberment.

  • Health and Dental Coverage A dependent child is an eligible employee’s child to age twenty-six (26).

  • HEALTH AND LIFE INSURANCE The Sheriff will continue to offer to employees of this bargaining unit the same health and life insurance programs being offered to other Sheriff’s Office employees. Due to the changing nature of the health insurance market, the Sheriff retains the right during the term of this Agreement to develop plan changes or to change carriers in order to reduce costs or for other reasons. Changes to the level and types of benefits shall be subject to bargaining as provided by law. Rates paid by the employee will be established by the Sheriff.

  • Dependent Life Insurance In the event of the death of your spouse or dependent child from any cause whatsoever, while you and your dependents are insured under the plan, the insurance company will pay you $10,000 in respect of your spouse and $5,000 in respect of each insured dependent child. This applies to those employees with family health coverage only.

  • Life Insurance Benefits A. During the life of this Agreement, the basic life insurance benefit made available to Faculty members shall be calculated as 3 times base annual earnings, rounded to the next highest $1,000, but not more than $225,000. A separate additional benefit up to the amount of the life insurance will be paid for accidental death and dismemberment, or loss of sight. The amount of Life and Accidental Death and Dismemberment/Loss of Sight benefits will be reduced to 65% at age 65, and further reduced (from the original insurance amount) as follows: to 50% at age 70, and 35% at age 75. Basic life insurance and AD&D benefits will be provided with no employee contributions.

  • Retiree Insurance 12.1 Employees who retire must meet the following conditions at the time of retirement in order to be eligible for the Employer contributions, listed in Sections 12.2 through 12.5 below, toward a health insurance plan offered by the Employer:

  • Health and Dental Benefits ‌ During the term of this MOU, the City will provide benefits to all half-time employees as defined by Article 4.1 (Part-Time Employment) of this MOU in accordance with the Civilian Modified Flexible Benefits Program (Flex Program) and any modifications thereto as recommended by the Joint Labor-Management Benefits Committee (JLMBC) and approved by the City Council. During the term of this MOU, the City agrees that it will not unilaterally impose a reduction in plan design or benefits for any benefit plan applicable to employees covered by this MOU. Nothing in this MOU, however, shall prevent the parties from jointly reaching agreement on plan design or benefits applicable to employees covered by this MOU. Additionally, nothing in this MOU constitutes a waiver by the Union or the City with respect to making changes to plan design or benefits. If there are any discrepancies between the benefits described in this Article and the Flex Program approved by the JLMBC, the Flex Program benefits will take precedence.

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