Common use of Waiver and Amount of Payment Clause in Contracts

Waiver and Amount of Payment. Employees may waive the City health care coverage provided under this agreement during Open Enrollment or within 30 days of a “life event” by notifying the Benefits team at the Human Resources Department, and signing the Health Care Coverage Waiver Form. In return, eligible employees will receive a $2000 cash payment for every Plan Year in which they elect not to participate in the City's health care programs. ($1800 for medical, $150 for dental and $50 for vision coverage). This payment is included in an employee’s taxable gross income and subject to all appropriate state and federal taxes and pension contributions. Payments will be made in equal payments over 26 pay periods.

Waiver and Amount of Payment. Employees may waive the City health care coverage provided under this agreement during Open Enrollment or within 30 days of a “life event” by notifying the Benefits team Staff at the Human Resources Department, and signing the Health Care Coverage Waiver Form. In return, eligible employees will receive a $2000 cash payment for every Plan Year in which they elect not to participate in the City's health care programs. ($1800 for medical, $150 for dental and $50 for vision coverage). This payment is included in an employee’s taxable gross income and subject to all appropriate state and federal taxes and pension contributions. Payments will be made in equal payments over 26 pay periods.

Waiver and Amount of Payment. Employees may waive the City health care coverage provided under this agreement during Open Enrollment or within 30 days of a “life event” by notifying the Benefits team Team at the Human Resources Department, and signing the Health Care Coverage Waiver Form. In return, eligible employees will receive a $2000 cash payment for every Plan Year in which they elect not to participate in the City's health care programs. ($1800 for medical, $150 for dental and $50 for vision coverage). This payment is included in an employee’s taxable gross income and subject to all appropriate state and federal taxes and pension contributions. Payments will be made in equal payments over 26 pay periods.