Select Benefits definition
Examples of Select Benefits in a sentence
Effective July 1, for each year of this Agreement, the Employer health insurance contribution will increase by an amount of money not exceeding that necessary to maintain comparable coverage under the current Select Benefits Default/Economy Plan.
For each subsequent year of this Agreement, the Employer health insurance contribution will be increased on July 1 by the amount equal to the premium percentage increase necessary to maintain the Select Benefits Economy Medical/Audio/RX/Dental plan.
If the employee prefers to contribute on an after-tax basis, the employee must complete a Select Benefits form to elect that option during open enrollment each year.
If an employee prefers to contribute on an after-tax dollars basis, the employee must complete a Select Benefits form to elect that option at the time of initial enrollment, or during the annual benefit open enrollment period.
Effective January 1, 2023, the Employer’s health insurance contribution shall be the amount of money, for all employees, that is necessary to fund comparable coverage under the Select Benefits Economy Plan, less a monthly employee contribution not to exceed 15% of the premium contribution for the Employee Only and Employee Plus Family Economy Plans.
If an employee prefers to pay health insurance premiums on an after-tax dollars basis, the employee must complete a Select Benefits form to elect that option during open enrollment each year.
OR For Commissioned Pastors, those Select Benefits, for which they are eligible, offered by the Church, that are negotiated and/ or appropriate to the employment context.
Effective July 1 of each of the following years of this agreement, the Employer contribution to the health insurance plan will be that necessary to maintain coverage under the Select Benefits Default Plan.
All Select Benefits are subject to availability and additional terms may apply.
Unit members may participate in a pre-tax voluntary benefit program offered by SF&C Select Benefits Communication Group covering critical illness.