Optional Benefits definition

Optional Benefits. “Optional Benefits” means those District-approved insurance programs optionally available to employees outside the Basic Benefits programs, including short-term disability, additional individual life, long-term care, pre-paid legal services, and cancer insurance programs, which are not Basic Benefits as described in Section 10.5 above.
Optional Benefits. We may discontinue or restrict the availability of an optional benefit; • The availability of certain benefits may vary based on employer and state approval; and • If a participant elects to pay advisory fees from the Variable Investment Options, such deductions will reduce the death benefit amount and also may be subject to federal and state income taxes and a 10% federal tax penalty. See the “
Optional Benefits. We may discontinue or restrict the availability of an optional benefit; • Benefits available to you may vary based on employer and state approval. Participants should refer to their plan documents for available benefits; and • If a participant elects to pay advisory fees from the Variable Investment Options, such deductions will reduce the death benefit amount and also may be subject to federal and state income taxes and a 10% federal tax penalty. See the “Benefits Available Under the Contract - Other Optional Benefits” and “MAKING WITHDRAWALS: ACCESSING THE MONEY IN YOUR CONTRACT” sections of this summary prospectus. TAXES Tax Implications • You should consult with a tax and/or legal adviser to determine the tax implications of an investment in, and distributions received under, the Contract; • There is no additional tax benefit to the Investor if the Contract is purchased through a tax-qualified plan or individual retirement account (“IRA”); and • Withdrawals will be subject to ordinary income tax and may be subject to tax penalties. See “FEDERAL TAX CONSIDERATIONS” in the full prospectus for the Contract. ISP.01107-22 (Texas K-12 Contracts) 7 CONFLICTS OF INTEREST

Examples of Optional Benefits in a sentence

  • This includes Basic Life, Health and Dental, and Optional Benefits.

  • The County may reopen negotiations on this Article and other provisions in this MOU (e.g., Optional Benefits program in Article VI, Section 3, Flexible Spending Accounts in Article VIII), for the purpose of addressing issues resulting from the implementation of the Patient Protection and Affordable Care Act (ACA), including, but not limited to, the potential impact of the Excise Tax (commonly known as the “Cadillac Tax”) on high cost employer-sponsored health coverage.

  • The County may reopen negotiations on this Article and other provisions of the MOU (e.g., Optional Benefits program in Article VII, Section 4, Flexible Spending Accounts in Article XX), for purposes of addressing issues resulting from the implementation of the Patient Protection and Affordable Care Act (ACA), including but not limited to, the potential impact of the Excise Tax (commonly known as the “Cadillac Tax”) on high cost employer-sponsored health coverage.

  • The City shall contract with CalPERS for Variable Rate Cost Sharing of up to the Permanent Cost Share of 1.868% under Government Code Section 20516(a), based on the optional benefits established in the Miscellaneous Plan of the City’s contract with CalPERS for the 2%@55 and One-Year Final Compensation Optional Benefits.

  • The Optional Benefits cover Reasonable and Customary Charges incurred towards the medical treatment taken by the Insured Person during the Policy Period for an Illness, Injury or conditions described in the sections below, if it is contracted or sustained by an Insured Person during the Policy Period.


More Definitions of Optional Benefits

Optional Benefits mean the additional benefits and services that the Contractor offered to the City in the Contractor’s proposal, as described in Section 77 and Exhibit 17 of this Agreement.
Optional Benefits. Additional Life Insurance, Short and /or Long-term Disability Plan, and 401 (k) Plan. The Core benefits are provided by the Hospital to eligible full-time nurses. Eligible regular part-time core nurses, with at least 40 hours scheduled each pay period and who have not elected to receive the 13% premium in lieu of benefits, may participate in the Hospitals Core and Optional Benefits at the part-time rate. Part-time non-core nurses, and any part-time nurse who has elected to receive the 13% premium in lieu of benefits, are not eligible to participate in the Hospital’s Core benefits. The Hospital will contribute as described below for the health and vision components of the Core Benefits described above. For Plan Years 20192016, 20202017 and 2021 2018, the Hospital will base its contributions and the employee’s contribution for the health and vision components of the Core Benefits (standard plan) described above on the premium sharing arrangement described and reflected in the percentages described in the table below: Level Monthly Hospital Contribution Monthly Employee Contribution Total Monthly Cost Full-time Part-time Full-time Part-time Employee only 85-100% 67% 0-15% 33% 100% Employee & Spouse 80% 74% 20% 26% 100% Employee & Child(ren) 80% 71% 20% 29% 100% Single Employee & Child(ren) 83% 74% 17% 26% 100% Employee & Family 77% 74% 23% 26% 100% The Hospital may offer plans in addition to the standard plan, at different contribution rates. Participation in plans other than the standard plan shall be voluntary. Eligible employees may use the Hospital's flexible credit contribution toward the employee cost for Core or Optional Benefits. In addition, the Hospital continues the Section 125 plan which employees may elect to fund with pre-tax dollars for uses permitted by the IRS.
Optional Benefits means those benefits made available by the Employer to its Eligible Employees. These benefits include the following: Optional Benefits as of January 1, 2014FundingGroup Medical PlanPre-Tax Contributions under Tax Savings on Insurance Premiums Plan – Appendix AHealth Flexible Spending Account Plan – Appendix BPre-Tax ContributionsDependent Care Flexible Spending Account– Appendix CPre-Tax ContributionsHealth Savings Account – Appendix DPre-Tax Contributions
Optional Benefits. Additional Life Insurance, Short and /or Long- term Disability Plan, and 401 (k) Plan. The Core benefits are provided by the Hospital to eligible full-time nurses. Eligible part-time nurses, with at least 20 hours scheduled per week, may purchase medical/vision and dental insurance at the part-time rate, in addition to purchasing participation in the other benefits available to full-time nurses. Eligible regular part-time core nurses, with at least 4024 hours scheduled each pay period and who have not elected to receive the 13% premium in lieu of benefits, may purchase medical/vision and dental insurance at the part-time rate. Part-time non-core nurses, and any part-time nurse who has elected to receive the 13% premium in lieu of benefits, are not eligible to participate in the Hospital’s Core benefits. The Hospital will contribute as described below for the health and vision components of the Core Benefits described above. The Hospital and employee contributions for the health and vision portions of Core Benefits initially are: Level Monthly Hospital Contribution Monthly Employee Contribution otal Monthly Cost otal Monthly Cost ull-time art-time ull-time art-time ull-time art-time mployee only 59.74 74.48 4.17 39.43 13.91 13.91 mployee & Spouse 92.10 26.92 89.95 55.13 82.05 82.05 mployee & Child(ren) 21.53 56.37 52.29 17.45 73.82 73.82 xxxxx Employee & Child(ren) 43.84 78.69 29.98 95.13 73.82 73.82 mployee & Family 014.25 77.94 91.98 28.29 306.23 306.23 Formatted: Indent: First line: 1" Formatted: Body Text Indent 2, Left, Indent: First line: 1", Don't keep with next, Don't keep lines together Formatted: Body Text Indent 2, Indent: First line: 1", Don't keep with next, Don't keep lines together Formatted: Body Text Indent 2, Left, Indent: First line: 1", Don't keep with next, Don't keep lines together Formatted: Body Text Indent 2, Indent: First line: 1", Don't keep with next, Don't keep lines together Formatted: Body Text Indent 2, Indent: First line: 1", Don't keep with next, Don't keep lines together Formatted: Body Text Indent 2, Indent: First line: 1", Don't keep with next, Don't keep lines together, Tab stops: Not at 0.43" Formatted: Body Text Indent 2, Indent: First line: 1", Don't keep with next, Don't keep lines together, Tab stops: Not at 0.37" Formatted: Body Text Indent 2, Indent: First line: 1", Don't keep with next, Don't keep lines together, Tab stops: Not at 0.43" Formatted: Body Text Indent 2, Indent: First line: 1", Don't keep with next,...
Optional Benefits means the benefits made available through this Plan, as provided in Articles IX through XI.
Optional Benefits means the Qualified Benefits described ----------------- in Exhibit I, which shall be provided to a Participant upon his/her election to receive such benefits.
Optional Benefits. We may discontinue or restrict the availability of an optional benefit. • Benefits available to you may vary based on employer and state approval. Participants should refer to their plan documents for available benefits; and • If a participant elects to pay advisory fees from the Variable Investment Options, such deductions will reduce the death benefit amount and also may be subject to federal and state income taxes and a 10% federal tax penalty. See the “Benefits Available Under the Contract - Other Optional Benefits” and “MAKING WITHDRAWALS: ACCESSING THE MONEY IN YOUR CONTRACT” sections of this summary prospectus. TAXES