INSURANCE PREMIUM CONTRIBUTIONS Sample Clauses

INSURANCE PREMIUM CONTRIBUTIONS. The Board shall pay the following portion of premium costs for medical, dental, and vision insurance with the exceptions provided under 8.14.01 Eligibility: Medical PPO Std Deductible Medical PPO High Deductible Medical HMO Dental Vision All coverage 80% 90% 80% 80% 100% tiers (single, (employee family, etc.) and family) Funds accrued by the BEA as a result of Section 8.14.02 from previous Agreements will remain available to the BEA (hereafter known as the BEA Benefit Account).
Sample 1
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INSURANCE PREMIUM CONTRIBUTIONS. The Board shall contribute the following percentages toward the cost of the plan for all employees hired before July 1st, 2017 who qualify and desire such coverage: Single Coverage - 85% Single Plus One or More Dependents - 70% For all employees hired on or after July Pt, 2017 who are eligible to participate, the District shall follow the contribution schedule below for Single+l and Family coverage. The Board shall pay 85% of single coverage for alleligible employees regardless of hire date. All employees hired after February pt will not be placed on a contract and will not qualify for benefits or accrue credit based on the schedule below. For instance, an employee hired on March pt who returns for the following school year will be placed in Year 1 of the schedule below. Coverage Plan Year 1 Year 2 Year 3 Year4 Year 5+ Single +1 50% 55% 60% 65% 70% Family 50% 55% 60% 65% 70% The dependents of a member covered by medical insurance who dies while under contract shall be allowed to continue the same coverage up to twelve (12) months at no additional cost to the dependent.
Sample 1
INSURANCE PREMIUM CONTRIBUTIONS. The Board shall contribute the following percentages toward the c ost of the med i cal plan for all employees who qualify and desire such coverage: Single Coverage - 85% Single Plus One or More Dependents - 70% The dependents of a member covered by medical insurance who dies while under contract shall be allowed to continue the same coverage for the remainder of the calendar year, after which they may access Cobra for continuation of benefits. The Board shall contribute the following percentages toward the cost of the dental plan for all employees who qualify and desire such coverage: Single Coverage – 85% Single Plus One – 60% Family Coverage – 50%
Sample 1

Related to INSURANCE PREMIUM CONTRIBUTIONS

  • Premium Contributions i. Effective March 1, 2014, the Company and employees will contribute toward the premium costs of the NECA Health Plan for eligible Regular employees in accordance with this Section.

  • Payment of Contributions The College and eligible academic staff members shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Pension Contributions 19.2.3.1 Unless required by law to commence receiving a pension prior to the Member’s actual retirement date (i.e., currently December 31 of the year in which the Member attains age sixty-nine (69)) the Member who postponed retirement beyond his or her TRD will continue to make pension contributions.

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Premium Payments If an employee with at least three years of service in the employ of the Shaker Heights Board of Education should exhaust his/her sick leave within the time specifications of this contract and is granted a leave of absence by the Board, the Board shall continue to pay his/her premiums in accordance with his/her work assignment for the following fringe benefits for a period not to exceed twelve (12) months. The payment of such premiums will cease on the effective date an employee retires, resigns, goes on disability retirement or his/her contract is terminated.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Annual Contributions □ Check enclosed in the amount of $ representing current contribution for tax year 20 . This contribution does not exceed the maximum permitted amount for the year of contribution as described in the Xxxx XXX Disclosure Statement. If no tax year is indicated, contribution will automatically apply to current year.

  • Contribution Formula Dental Coverage a. Faculty Member Coverage. For faculty member dental coverage, the Employer contributes an amount equal to the lesser of ninety percent (90%) of the faculty member premium of the State Dental Plan, or the actual faculty member premium of the dental plan chosen by the faculty member. However, for calendar years beginning January 1, 2014, and January 1, 2015, the minimum employee contribution shall be five dollars ($5.00) per month.

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