VOLUNTARY TERM LIFE INSURANCE Sample Clauses

VOLUNTARY TERM LIFE INSURANCE. The County shall deduct from SEIU bargaining unit members’ biweekly paychecks premiums for Union-sponsored voluntary term life insurance, and remit such funds directly to the term life insurance provider selected by the Union (currently Mutual of Omaha), pursuant to paragraph 5 below. The one-time startup costs (based on receiving a biweekly electronic file) shall be billed based on actual County staff time incurred at corresponding hourly rates per the Fresno County Master Schedule of Fees (“MSF”), not to exceed $3,220. Startup costs shall be defined as the hourly labor costs which are necessarily incurred for set up of new deductions and testing through the end of the first deduction. The County shall provide the Union an itemized invoice of startup costs incurred. The Union shall submit payment to County within thirty (30) days of invoice date. Ongoing costs (based on receiving a biweekly electronic file) shall be billed based on actual County staff time incurred at the corresponding MSF hourly rates on a quarterly basis. Ongoing costs shall be defined as the hourly labor costs which are necessarily incurred in adding or deleting the voluntary term life insurance deduction from members’ payroll. The County shall provide the Union an itemized invoice of ongoing costs incurred. The Union shall submit payment to the County within thirty (30) days of invoice date. Upon request by the Union, the County shall provide the most current MSF, which is subject to change (i.e., rates could increase or decrease) at least once per year based on Board of Supervisor’s approval. The County shall accept biweekly electronic files in a mutually agreed upon format from the administrator of the life insurance provider, and take deductions from the participating employees’ paychecks as reflected by the administrator. The administrator is responsible for the accuracy of all deductions submitted. Any incorrect deductions or refunds will be handled by the administrator. Deductions shall begin and end based on the file sent by the administrator of the life insurance provider, provided there is enough net compensation in the employee’s check to accommodate the deduction. County shall provide to employees the same information regarding this plan as it does with regard to all other non-County-sponsored voluntary plans. Any future payroll deductions for Union-sponsored optional benefits for its members shall require mutual agreement by both parties. As it relates to the Agency Shop p...
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VOLUNTARY TERM LIFE INSURANCE. The County shall deduct from SEIU bargaining unit members’ biweekly paychecks premiums for Union-sponsored voluntary term life insurance, and remit such funds directly to the term life insurance provider selected by the Union (currently Mutual of Omaha), pursuant to paragraph 4 below. Upon request by the Union, the County shall provide the most current MSF, which is subject to change (i.e., rates could increase or decrease) at least once per year based on Board of Supervisor’s approval. The County shall accept biweekly electronic files in a mutually agreed upon format from the administrator of the life insurance provider, and take deductions from the participating employees’ paychecks as reflected by the administrator. The administrator is responsible for the accuracy of all deductions submitted. Any incorrect deductions or refunds will be handled by the administrator. Deductions shall begin and end based on the file sent by the administrator of the life insurance provider, provided there is enough net compensation in the employee’s check to accommodate the deduction. County shall provide to employees the same information regarding this plan as it does with regard to all other non-County-sponsored voluntary plans. Any future payroll deductions for Union-sponsored optional benefits for its members shall require mutual agreement by both parties. As it relates to the Dues Deduction provision in the Unit 36 MOU, the parties agree that the language “other monies” shall be null and void. Nothing in this article is intended to affect or impact the voluntary long-term disability program. The continuation of the Union sponsored voluntary life insurance program for Bargaining Units 3, 4, 12, 22 and 36 may be negotiated with each successor MOU. The Union agrees to indemnify and hold the County harmless for any and all claims, demands, suits or other action arising from this article. Alleged violations of this article shall be adjudicated under the Employee Grievance Resolution Procedure.
VOLUNTARY TERM LIFE INSURANCE. Vision plan - Employer paid - provides 20% to 60% discount on all vision services.
VOLUNTARY TERM LIFE INSURANCE. Employees have the option of purchasing additional life insurance for themselves, their spouses and children through a provider selected by the City.
VOLUNTARY TERM LIFE INSURANCE. Employees may purchase additional term life insurance for employees and their eligible dependents. The insurance plan will be the same as that offered to administrative employees. The cost of this coverage is paid by the employee as a payroll deduction.

Related to VOLUNTARY TERM LIFE INSURANCE

  • Term Life Insurance The Employer will maintain and make available to full-time and part-time employees, the current term life insurance plan as set forth in the document "Summary of Health Benefits, Maryland State Employees."

  • 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 No portion of your IRA may be invested in life insurance contracts.

  • Group Life Insurance The Hospital shall contribute one hundred percent (100%) toward the monthly premium of HOOGLIP or other equivalent group life insurance plan in effect for eligible full-time employees in the active employ of the Hospital on the eligibility conditions set out in the existing Agreements.

  • Long Term Disability Insurance 250. The City, at its own cost, shall provide to employees a Long Term Disability (LTD) benefit that provides, after a one hundred and eighty (180) day elimination period, sixty percent salary (60%) (subject to integration) up to age sixty-five (65). Employees who are receiving or who are eligible to receive LTD shall be eligible to participate in the City's Catastrophic Illness Program as set forth in the ordinance governing such program.

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