Benefit Improvements Clause Samples

Benefit Improvements a. Military Buy Back after 20 years of service at Actuarial Value. b. 1 for each additional year of service between 20 and 30 to a maximum pension of 60% in lieu of 25 to 30 years at 2% to 60% maximum.

Benefit Improvements. The undersigned representatives of both the Board and the Union agree to the following:

Benefit Improvements. The parties agree that effective 2009 September 1 the following benefit improvements will be implemented:

Benefit Improvements. During the term of the Agreement the Union may choose to select benefit program improvements of 25 and out and/or E-2 offered by MERS with the full differential cost paid by the employee via payroll withholding. If selected, the County will implement, provided sixty (60) days' notice is given before the effective date.

Benefit Improvements. It is agreed by and between the parties that, should the City take any action to improve benefits for employees not covered by the City, including, but not limited to, the subjects contained in this Agreement, then those improvements will automatically be extended to the employees covered by this Agreement, at such time those improvements become effective for other City employees.

Benefit Improvements. In recognition of the continuing health and welfare benefit efficiency savings achieved following the 1995/96 Framework Agreement and as a result of PSEA and union initiatives, the following benefits will be changed during the life of this agreement: (a) Employer Paid Premiums All health and welfare benefits that are currently co-insured at Selkirk College will be employer paid (not including employee-paid LTD) effective January 1, 1999.

Benefit Improvements. The following are the benefit improvements: A. change the normal form of pension from a single life without guarantee to a single life with a ten-year guarantee; and B. change the benefit formula from 1.3/2.0% to 1.35/2.0%. When considering the cost of the foregoing benefit improvements, the Board must determine the costs based on the open group of Plan Members and must use a 25 year amortization schedule for the Pension Plan surplus assets that will be used to fund the benefit improvements. These benefit improvements will only apply to those individuals who are active Plan Members at the date the improvements are implemented, and will apply to all of the benefits such individuals are entitled to under the Pension Plan. All active Plan Members who join the Pension Plan after the date of the benefit improvements will also be entitled to these benefit improvements.

Benefit Improvements. Subject to the benefit administrator agreeing to change and continuing such benefit, the Employer agrees, effective date of ratification or as soon as possible following ratification, to: a. Increase to hearing aid benefit from 75% to 80% of cost to a maximum of $1,000 per person once every three (3) years; b. Increase coverage for eyeglasses and cataract surgery from $250 to $400; c. Add that in respect of Mental Health specialist coverage: maximum coverage of $3,000 per person per benefit year in total for services received by registered psychologists, social workers, and psychotherapists; and d. Add - Continuous Glucose Monitor (CGM) receivers, transmitters or sensors for persons diagnosed with Type 1 diabetes, up to a combined maximum of $4,000 per person per benefit year. Sun Life must be provided with a doctor’s note confirming the diagnosis; and e. Add Licensed occupational therapists to covered paramedical specialist services. The benefit plan will cover 100% of the costs, up to a maximum of $500 per person in a benefit year.

Benefit Improvements. Whereas the government has indicated its intention, conditional upon the approval by the Lieutenant‐ Governor‐in‐Council, to increase in 2010‐11 the benefit benchmark by .26%; The parties agree that the estimated funding enhancement for benefits is $295,113.00 and the allocation of ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ bargaining unit’s proportional share of this amount is calculated as the ratio between ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ bargaining units FTE to the total FTE of the Board’s unionized and non‐unionized employees, excluding occasional teachers, as will be reported in the Board’s 2008‐2009 financial statements. It is estimated the proportional share for members of ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ is $70,626. The benefit enhancements for implementation September 1, 2010 are as follows: