Common use of The Purchase of Optional Benefits Through the Cafeteria Plan Clause in Contracts

The Purchase of Optional Benefits Through the Cafeteria Plan. The cafeteria plan offers employees the opportunity to purchase the following optional benefits: medical, dental, and optical insurance. Employees who are enrolled in health insurance coverage receive a monthly City contribution for the purchase of the optional medical, dental, and optical insurance benefits that is inclusive of the CalPERS statutory minimum. From adoption of the MOU through December 31, 2023, employees who are enrolled at the employee or employee + 1 level receive $2,150.00 per month. Employees who are enrolled at the employee + family level receive $2,350.00 per month. Effective January 1 of each year of the MOU, the monthly City contribution for the purchase of the optional medical, dental, and optical insurance benefits that is inclusive of the CalPERS statutory minimum shall be as follows: Coverage Level TOTAL CITY CONTRIBUTION EFFECTIVE JANUARY 1, 2024 TOTAL CITY CONTRIBUTION EFFECTIVE JANUARY 1, 2025 TOTAL CITY CONTRIBUTION EFFECTIVE JANUARY 1, 2026 Employee Only: $2,150 $2,150 $2,150 Employee Plus One Dependent: $2,200 $2,250 $2,300 Employee Plus Family: $2,450 $2,550 $2,650

Appears in 1 contract

Samples: www.beverlyhills.org

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The Purchase of Optional Benefits Through the Cafeteria Plan. The cafeteria plan offers employees the opportunity to purchase the following optional benefits: medical, dental, and optical insuranceinsurance as provided below. Employees who are enrolled in health insurance coverage receive a monthly City contribution for the purchase of the optional medical, dental, and optical insurance benefits that is inclusive of the CalPERS statutory minimum. From adoption of the MOU through December 31, 2023, employees who are enrolled at the employee or employee + 1 level receive $2,150.00 2,250.00 per month. Employees who are enrolled at the employee + family level receive $2,350.00 2,450.00 per month. Effective January 1 of each year of the MOU, the monthly City contribution for the purchase of the optional medical, dental, and optical insurance benefits that is inclusive of the CalPERS statutory minimum shall be as follows: Coverage Level TOTAL CITY CONTRIBUTION EFFECTIVE JANUARY 1, 2024 TOTAL CITY CONTRIBUTION EFFECTIVE JANUARY 1, 2025 TOTAL CITY CONTRIBUTION EFFECTIVE JANUARY 1, 2026 Employee Only: $2,150 2,250 $2,150 2,250 $2,150 2,250 Employee Plus One Dependent: $2,200 2,300 $2,250 2,350 $2,300 2,400 Employee Plus Family: $2,450 $2,550 $2,6502,650 $2,750

Appears in 1 contract

Samples: www.beverlyhills.org

The Purchase of Optional Benefits Through the Cafeteria Plan. The cafeteria plan offers employees the opportunity to purchase the following optional benefits: medical, dental, and optical insurance. Employees who are enrolled in health insurance coverage receive a monthly City contribution for the purchase of the optional medical, dental, and optical insurance benefits that is inclusive of the CalPERS statutory minimum. From adoption of the MOU through December 31, 2023, employees who are enrolled at the employee or employee + 1 level receive $2,150.00 per month. Employees who are enrolled at the employee + family level receive $2,350.00 per month. Effective January 1 of each year of the MOU, the monthly City contribution for the purchase of the optional medical, dental, and optical insurance benefits that is inclusive of the CalPERS statutory minimum shall be as follows: Coverage Level TOTAL CITY CONTRIBUTION EFFECTIVE JANUARY Total City Contribution Effective January 1, 2024 TOTAL CITY CONTRIBUTION EFFECTIVE JANUARY Total City Contribution Effective January 1, 2025 TOTAL CITY CONTRIBUTION EFFECTIVE JANUARY Total City Contribution Effective January 1, 2026 Employee Only: $2,150 $2,150 $2,150 Employee Plus One Dependent: $2,200 $2,250 $2,300 Employee Plus plus Family: $2,450 $2,550 $2,650

Appears in 1 contract

Samples: www.beverlyhills.org

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The Purchase of Optional Benefits Through the Cafeteria Plan. The cafeteria plan offers employees the opportunity to purchase the following optional benefits: medical, dental, dental and optical insurance. Employees who are enrolled in health insurance coverage receive a monthly City contribution for the purchase of the optional medical, dental, and optical insurance benefits that is inclusive of the CalPERS statutory minimum. From adoption of the MOU through December 31, 2023, employees who are enrolled at the employee or employee + 1 level receive $2,150.00 per month. Employees who are enrolled at the employee + family level receive $2,350.00 per month. Effective January 1 of each year of the MOU, the monthly City contribution for the purchase of the optional medical, dental, and optical insurance benefits that is inclusive of the CalPERS statutory minimum shall be as follows: Coverage Level TOTAL CITY CONTRIBUTION EFFECTIVE JANUARY 1, 2024 TOTAL CITY CONTRIBUTION EFFECTIVE JANUARY 1, 2025 TOTAL CITY CONTRIBUTION EFFECTIVE JANUARY 1, 2026 Employee Only: $2,150 $2,150 $2,150 Employee Plus One Dependent: $2,200 $2,250 $2,300 Employee Plus Family: $2,450 $2,550 $2,650

Appears in 1 contract

Samples: www.beverlyhills.org

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