Benefit Groups definition

Benefit Groups. A faculty member’s eligibility for various benefits is determined by his/her appointment. The term of appointment and FTE determine a faculty member’s benefit group, as follows:
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Examples of Benefit Groups in a sentence

  • Presumed Benefit Group(s): The CDBG Program presumes the following groups to be low income.

  • Eligible faculty members in Benefit Groups A, B, C or in Benefit Group D, who have more than two semesters, may elect to waive medical insurance coverage for self and dependents upon certification to Human Resource Services of coverage available to him/her under a non-University group medical insurance plan.

  • A faculty member whose qualifying years for retirement have been in Benefit Groups A, B, C or D may retire from the University prior to age 65 (Medicare eligibility), and elect to receive medical insurance coverage through the same plan offered to active bargaining unit members, provided that by June 30, 2014, such faculty member has met the retirement eligibility criteria that were in place when he or she was hired.

  • Benefit Groups B and C(All other SB LAFCO employees) = 25% of the premium of the one-time annual base salary.

  • Faculty members in Benefit Groups A, B, C and D will pay a percentage of University premium costs as listed in the salary premium cost table (Appendix B).

  • Faculty retirees whose qualifying years for retirement have been in Benefit Groups A, B, C or D and their qualified dependents are eligible for dental insurance plan participation on the same coverage basis as active employees, provided that effective for those who retire January 1, 2015 or after, the retiree shall pay 10% of the full premium costs of coverage under the base dental plan and the University will pay 90% of the premium costs of the base dental plan.

  • Perform actuarial equivalency studies required for ORS Chapter 238 and 238A Benefit Groups, reviewing the assumptions and actuarial factors used to convert account balances to monthly allowances, to convert the standard form of benefit to elective options with various survivorship features, and to reduce service retirement allowances for voluntary retirement or requirements as stated under Oregon Revised Statutes and Oregon Administrative Rules.

  • The Multi-Benefit Discount rate (if any) depends on the number of Qualifying Cover(s) within the relevant Benefit Groups issued in respect of a life assured.Eligibility is determined on a per life assured, per policy basis.

  • Optional benefits within covers such as Optional Total Permanent Disability under Trauma Cover, Optional Mortgage Deluxe under Mortgage Repayment Cover, or the Optional Income Cover Extra under Income Cover also do not count as separate Qualifying Covers under the Benefit Groups.

  • Appendix C Benefit Groups Defined‌ Group A 12 months 100% Group B 9, 10, 11 months (academic year) 100% Group C 12 months 75-99% Group D 9, 10, 11 months (academic year) 75-99% Group E 12 months 50-74% Group F 9, 10, 11 months (academic year) 50-74% Appendix F Flexible Spending Accounts‌ The Flexible Spending Account (FSA) is designed to increase spendable take-home pay by allowing employees to reduce their federal and state income and Social Security taxes.

Related to Benefit Groups

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • benefit liabilities has the meaning specified in section 4001 of ERISA and the terms “current value” and “present value” have the meaning specified in section 3 of ERISA.

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Group health benefit plan means any health care plan, subscription contract, evidence of

  • pension means a pension or annual allowance paid under the Public Service Superannuation Act (PSSA), R.S., 1985, c. P-36, and any increases paid pursuant to the Supplementary Retirement Benefits Act, R.S., 1985, c. S-24 as it affects the PSSA. It does not include pensions payable pursuant to the Canadian Forces Superannuation Act, R.S., 1985, c. C-17, the Defence Services Pension Continuation Act, 1970, c. D-3, the Royal Canadian Mounted Police Pension Continuation Act , 1970, c. R-10, and the Royal Canadian Mounted Police Superannuation Act, R.S., 1985, c. R-11, the Members of Parliament Retiring Allowances Act, R.S. 1985, c. M-5, and that portion of pension payable to the Canada Pension Plan Act, R.S., 1985, c. C-8.

  • Business Benefit Plan means each Benefit Plan that is contributed to, sponsored, maintained or entered into by Seller or a Retained Subsidiary, a Purchased Subsidiary or any Affiliate of any of them for the benefit of any Business Employee.

  • Health and Welfare Benefits means any form of insurance or similar benefit programs, which may include but not be limited to, medical, hospitalization, surgical, prescription drug, dental, optical, psychiatric, life, or long-term disability.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • Welfare Plan means a “welfare plan” as defined in Section 3(1) of ERISA.

  • Health and Welfare Plans means any plan, fund or program which was established or is maintained for the purpose of providing for its participants or their beneficiaries, through the purchase of insurance or otherwise, medical (including PPO, EPO and HDHP coverages), dental, prescription, vision, short-term disability, long-term disability, life and AD&D, employee assistance, group legal services, wellness, cafeteria (including premium payment, health flexible spending account and dependent care flexible spending account components), travel reimbursement, transportation, or other benefits in the event of sickness, accident, disability, death or unemployment, or vacation benefits, apprenticeship or other training programs or day care centers, scholarship funds, or prepaid legal services, including any such plan, fund or program as defined in Section 3(1) of ERISA.

  • Welfare Plans shall have the meaning set forth in Section 3.2.4.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Welfare Benefit Plan means each welfare benefit plan maintained or contributed to by the Company, including, but not limited to a plan that provides health (including medical and dental), life, accident or disability benefits or insurance, or similar coverage, in which Executive was participating at the time of the Change in Control.

  • BENEFIT LIMIT means the total benefit allowed under this plan for a covered healthcare service. The benefit limit may apply to the amount we pay, the duration, or the number of visits for a covered healthcare service.

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Transferred Employees has the meaning set forth in Section 6.4(a).

  • Foreign Benefit Law means any applicable statute, law, ordinance, code, rule, regulation, order or decree of any foreign nation or any province, state, territory, protectorate or other political subdivision thereof regulating, relating to, or imposing liability or standards of conduct concerning, any Employee Benefit Plan.

  • Multiple employer welfare arrangement means a multiple employer welfare arrangement

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;