Start-Up Costs. 4.1.1 The Government of Ontario will provide: a. A one-time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“CFR”). The amount shall be paid to the Trust on the Participation Date. b. A one-time contribution of a half month’s premium cost (4.15% of annual benefit costs) to the Trust, to cover start-up costs and/or reserves. 4.1.2 The one-time contributions in 4.1.1 (a) and (b) will be based on the actual cost per year for benefits (i.e. claims, premiums, administration, tax, risk or profit charges, pool charges, etc.) as reported on the insurance carrier’s most recent yearly statement for the year ending no later than August 31, 2015. 4.1.3 The Crown has provided to CUPE $3.5 million of the $7.0 million startup costs referred to in s.4.1.1
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Samples: Collective Agreement, Collective Agreement, Collective Agreement
Start-Up Costs. 4.1.1 3.1.1 The Government of Ontario will provide:
a. A one-time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“CFR”). The amount shall be paid to the Trust on the Participation Dateor before September 1, 2016.
b. A one-time contribution of a half month’s premium cost (4.152.6% of annual benefit costs) costs (estimated to the Trustbe approximately $615,000), to cover start-up costs and/or reserves.
4.1.2 3.1.2 The one-time contributions in 4.1.1 3.1.1 (a) and (b) will be based on the actual cost per year for benefits (i.e. claims, premiums, administration, tax, risk or profit charges, pool charges, etc.) as reported on the insurance carrier’s most recent yearly statement for the year ending no later than August 31, 2015. The aforementioned statements are to be provided to the Ministry of Education.
4.1.3 3.1.3 The Crown has provided to CUPE shall pay $3.5 million 300,000 of the $7.0 million startup costs referred to in s.4.1.1s. 3.1.1
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Start-Up Costs. 4.1.1 3.1.1 The Government of Ontario will provide:
a. A one-time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“CFR”). The amount shall be paid to the Trust on the Participation Dateor before September 1, 2016.
b. A one-time contribution of a half month’s premium cost (4.152.6% of annual benefit costs) costs (estimated to the Trustbe approximately $325,000), to cover start-up costs and/or reserves.
4.1.2 3.1.2 The one-time contributions in 4.1.1 3.1.1 (a) and (b) will be based on the actual cost per year for benefits (i.e. claims, premiums, administration, tax, risk or profit charges, pool charges, etc.) as reported on the insurance carrier’s most recent yearly statement for the year ending no later than August 31, 2015. The statements are to be provided to the Ministry of Education.
4.1.3 3.1.3 The Crown has provided to CUPE shall pay $3.5 million 160,000 of the $7.0 million startup costs referred to in s.4.1.1s. 3.1.1
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Samples: Collective Agreement, Collective Agreement, Collective Agreement
Start-Up Costs. 4.1.1 3.1.1 The Government of Ontario will provide:
a. A one-time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“CFR”). The amount shall be paid to the Trust on the Participation Dateor before September 1, 2016.
b. A one-time contribution of a half month’s premium cost (4.152.6% of annual benefit costs) costs (estimated to the Trustbe approximately $1.25 million), to cover start-up costs and/or reserves.
4.1.2 3.1.2 The one-time contributions in 4.1.1 3.1.1 (a) and (b) will be based on the actual cost per year for benefits (i.e. claims, premiums, administration, tax, risk or profit charges, pool charges, etc.) as reported on the insurance carrier’s most recent yearly statement for the year ending no later than August 31, 2015. The statements are to be provided to the Ministry of Education.
4.1.3 3.1.3 The Crown has provided to CUPE shall pay $3.5 million 600,000 of the $7.0 million startup costs referred to in s.4.1.1s. 3.1.1
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Start-Up Costs. 4.1.1 The Government of Ontario will provide:
a. A one-time contribution to the Trust equal to 15% of annual benefit costs to establish a Claims Fluctuation Reserve (“CFR”). The amount shall be paid to the Trust on the Participation DateSeptember 1, 2016.
b. A one-time contribution of a half month’s premium cost (4.15% of annual benefit costs) to the Trust, to cover start-up costs and/or reserves.
4.1.2 The one-time contributions in 4.1.1 (a) and (b) will be based on the actual cost per year for benefits (i.e. claims, premiums, administration, tax, risk or profit charges, pool charges, etc.) as reported on the insurance carrier’s most recent yearly statement for the year ending no later than August 31, 2015.
4.1.3 The Crown has provided shall pay to CUPE $3.5 million 3.5million of the $7.0 million startup costs referred to in s.4.1.1s. 4.1.1
Appears in 1 contract
Samples: Collective Agreement