Whenever the Group Term. Life Insurance Fund contains substantial refund monies earmarked pursuant to 19.2.1, the Union shall be notified along with the Unions representing other City employees. The City will negotiate whether the 60% refund attributable to employee contributions will be used to pay the employees' share of future monthly premiums or for life insurance purposes otherwise. LONG TERM CARE
Whenever the Group Term. Life Insurance Fund contains substantial rebate monies which are earmarked pursuant to Sections 12.2 or 12.2.1 to be applied to the benefit of employees participating in the Group Term Life Insurance Plan, the City shall notify the Union of that fact.
Whenever the Group Term. Life Insurance Fund contains substantial rebate monies earmarked pursuant to Section 19.7, the Union shall be notified along with the Unions representing other City employees. The City will negotiate whether the sixty percent (60%) rebate attributable to employee contributions will be used to help pay the employees' share of monthly premiums or for life insurance purposes otherwise negotiated.
