Common use of Whenever the Group Term Clause in Contracts

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 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 sixty percent (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