Monthly Contribution definition
Examples of Monthly Contribution in a sentence
While an employee is on layoff status, medical and dental benefits will continue for the employee and their dependents for a minimum of 90 days or until the end of the month in which pay or pay continuation ceases, whichever is greater, provided the employee pays the Required Monthly Contribution.
The combined payments shall be deposited in accordance with the designated place appearing on the Employers Monthly Contribution Report Form.
Monthly Contribution Rates: The monthly contribution an employee is required to pay depends upon the insurance coverage in force when he/she ceased work and the kinds of insurance which can be continued.
Medical benefits under Section G and dental benefits under Section H for employees and their Dependents will be continued while the employee is on layoff due to a reduction in force for a period of 90 days from the date of the employee’s layoff, provided the employee pays the Required Monthly Contribution.
If employee group approval of recommended plan options cannot be obtained by 45 calendar days prior to close of the plan year, the District reserves the right to continue offering the prior plan year plan options with the employees being required to contribute the monthly premium amount for such coverage in excess of the District Monthly Contribution Limit amount.