Common use of Benefits and Contributions Clause in Contracts

Benefits and Contributions. 1. The District shall contribute on behalf of each full-time certified staff member in the bargaining unit the full cost of health, dental, vision, and life insurance up to $1587 per month. The District will pay a proportional amount of the above listed rates on behalf of each part time member, based upon hours worked. 2. Certified staff members who select an insurance plan option with premium costs below the District cap of $1587 shall receive a percentage of the difference between the total premium cost and the District cap shall receive a percentage of the difference between the total premium cost and the District cap (referred to as the “difference amount”). A percentage of the difference amount will be credited monthly under a Section 125 plan, and available for use toward plan benefits, or to be paid in cash, as described below, and in accordance with the terms of the Section 125 plan. 3. Specifically, 40% of the difference amount up to $500 will be credited to the Section 125 plan and the remaining amount will be paid in cash less two [2%] percent for associated payroll costs. The Section 125 plan also permits certified staff members to elect to receive plan credits in the form of cash, but if a member elects to receive the difference amount in cash, only 38% of the difference amount will be available for a cash distribution. To the extent a member elects to receive a portion of the difference amount in cash, the member will pay state and federal income and payroll taxes on the amount of the cash received, and the District will pay its portion of the payroll taxes. The portion of the difference amount that is not utilized under the Section 125 plan (i.e., amounts not actually paid out in cash, or not actually used for non-cash benefits under the plan) will be retained by the District. In addition, in accordance with the terms of the Section 125 plan and the applicable IRS rules, amounts credited toward benefits under the Section 125 plan, but not utilized for benefits, will be forfeited. 4. In lieu of receiving a percentage of the difference amount, a certified staff member who chooses an HSA-compatible plan (MODA or Kaiser) will receive a District contribution of up to $250 per month ($3000 total), not to exceed the District cap, into a Health Savings Account (HSA).

Benefits and Contributions. 1. The District shall contribute on behalf of each full-time certified staff member in the bargaining unit the full cost of health, dental, vision, and life insurance up to $1587 1541 per monthmonth for the fiscal years 2018- 2019, 2019-2020, 2020-2021. The District will pay a proportional amount of the above listed rates on behalf of each part time member, based upon hours worked. 2. Certified staff members who select an insurance plan option with premium costs below the District cap of $1587 1541 shall receive a percentage of the difference between the total premium cost and the District cap shall receive a percentage of the difference between the total premium cost and the District cap (referred to as the “difference amount”). A percentage of the difference amount will be credited monthly under a Section 125 plan, and available for use toward plan benefits, or to be paid in cash, as described below, and in accordance with the terms of the Section 125 plan. 3. Specifically, 40% of the difference amount up to $500 will be credited to the Section 125 plan and the remaining amount will be paid in cash less two [2%] percent for associated payroll costs. The Section 125 plan also permits certified staff members to elect to receive plan credits in the form of cash, but if a member an members elects to receive the difference amount in cash, only 38% of the difference amount will be available for a cash distribution. To the extent a member elects to receive a portion of the difference amount in cash, the member will pay state and federal income and payroll taxes on the amount of the cash received, and the District will pay its portion of the payroll taxes. The portion of the difference amount that is not utilized under the Section 125 plan (i.e., amounts not actually paid out in cash, or not actually used for non-cash benefits under the plan) will be retained by the District. In addition, in accordance with the terms of the Section 125 plan and the applicable IRS rules, amounts credited toward benefits under the Section 125 plan, but not utilized for benefits, will be forfeited. 4. In lieu of receiving a percentage of the difference amount, a certified staff member who chooses an HSA-compatible plan (MODA or Kaiser) will receive a District contribution of up to $250 per month ($3000 total), not to exceed the District cap, into a Health Savings Account (HSA).