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.
Basic Life Insurance 37.1 The Employer shall pay one hundred percent (100%) of the monthly premium of the basic life insurance plan.
37.2 The basic life insurance plan shall provide:
(a) Effective June 1, 2002, coverage equal to one hundred percent (100%) of annual salary or ten thousand dollars ($10,000), whichever is greater;
(b) where an employee is continuously disabled for a period exceeding six (6) months, the Employer will continue to pay monthly premiums on behalf of the employee until the earliest of recovery, death, or the end of the month in which the employee reaches age sixty-five (65). Any premiums paid by the employee for this coverage between the date of disability and the date this provision comes into force shall be refunded to the employee;
(c) a conversion option for terminating employees to be obtained without evidence of insurability and providing coverage up to the amount for which the employee was insured prior to termination (less the amount of coverage provided by the Employer in the case of retirement). The premium of such policy shall be at the current rates of the insuring company. Application must be made within thirty-one (31) days of the date of termination of insurance. The Employer will advise terminating employees of this conversion privilege. The minimum amount that may be converted is two thousand dollars ($2,000). The conversion options shall be:
1. Any standard life or endowment plans (without disability or double-indemnity benefits) issued by the insurance carrier.
2. A one (1) year term insurance plan which is convertible to the standard life or endowment plans referred to in option 1 above.
3. A term to age sixty-five (65) insurance plan.
37.3 The amount of basic life insurance will be adjusted with changes in the employee’s salary from the date of approval of the increase or the effective date, whichever is later. If an employee is absent from work because of sickness or disability on the date an increase in insurance would have occurred, the increase will not take effect until the employee returns to work on a full-time basis (i.e., for at least one (1) full day).
37.4 Basic life insurance will terminate at the end of the month in which an employee ceases to be a regular employee unless coverage is extended under the total disability provision. Employees who receive a monthly benefit from the Public Service Superannuation Fund or the OPSEU Pension Trust are entitled to free coverage of two thousand dollars ($2,000) not earlier than thirty-one (31) days after the first of the month coinciding with or following date of retirement and this amount will be kept in force for the remainder of the employee’s life.
Limit on Number of Partners Unless otherwise permitted by the General Partner in its sole and absolute discretion, no Person shall be admitted to the Partnership as an Additional Limited Partner if the effect of such admission would be to cause the Partnership to have a number of Partners that would cause the Partnership to become a reporting company under the Exchange Act.
Mutual Fund Entity Name Reference ID Entity Type Virginia Tax-Free Bond Fund VAB Mutual Fund - Series ▇. ▇▇▇▇ Price Summit Funds, Inc. SIF Mutual Fund - Parent ▇. ▇▇▇▇ Price Summit Cash Reserves Fund SCR Mutual Fund - Series ▇. ▇▇▇▇ Price Summit Municipal Funds, Inc. SMF Mutual Fund - Parent ▇. ▇▇▇▇ Price Summit Municipal Income Fund SMI Mutual Fund - Series ▇. ▇▇▇▇ Price Summit Municipal Intermediate Fund SMT Mutual Fund - Series ▇. ▇▇▇▇ Price Summit Municipal Money Market Fund SMM Mutual Fund - Series ▇. ▇▇▇▇ Price Tax-Efficient Funds, Inc. TEF Mutual Fund - Parent ▇. ▇▇▇▇ Price Tax-Efficient Equity Fund TMC Mutual Fund - Series ▇. ▇▇▇▇ Price Tax-Exempt Money Fund, Inc. TEM Mutual Fund ▇. ▇▇▇▇ Price Tax-Free High Yield Fund, Inc. TFH Mutual Fund - Parent ▇. ▇▇▇▇ Price Tax-Free Income Fund, Inc. TFI Mutual Fund - Parent ▇. ▇▇▇▇ Price Tax-Free Short-Intermediate Fund, Inc. TFS Mutual Fund - Parent ▇. ▇▇▇▇ Price Tax-Free Ultra Short-Term Bond Fund TUS Mutual Fund - Series ▇. ▇▇▇▇ Price U.S. Bond Enhanced Index Fund, Inc. UBX Mutual Fund ▇. ▇▇▇▇ Price U.S. Large-Cap Core Fund, Inc. LCF Mutual Fund - Parent ▇. ▇▇▇▇ Price U.S. Treasury Funds, Inc. USTF Mutual Fund - Parent U.S. Treasury Intermediate Fund USI Mutual Fund - Series U.S. Treasury Long-Term Fund USL Mutual Fund - Series U.S. Treasury Money Fund UST Mutual Fund - Series ▇. ▇▇▇▇ Price Value Fund, Inc. VAL Mutual Fund - Parent ▇. ▇▇▇▇ Price Retirement Funds, Inc. RDF Mutual Fund - Parent ▇. ▇▇▇▇ Price Retirement 2005 Fund RPJ Mutual Fund - Series ▇. ▇▇▇▇ Price Retirement 2010 Fund RPA Mutual Fund - Series
General Wage Increases The Employer and the Union agree that the new Collective Agreement shall reflect wage adjustments as follows:
(a) Effective 2020 January 01, all hourly rates of pay that were in effect on 2019 December 31st shall be increased by two percent (2.00%). The new hourly rates shall be rounded to the nearest whole cent.
(b) Effective 2021 January 01, all hourly rates of pay that were in effect on 2020 December 31st shall be increased by two percent (2.00%). The new hourly rates shall be rounded to the nearest whole cent.
(c) Retroactive payments arising from (a) and (b) will be made as soon as possible following the date of ratification of this Memorandum of Agreement.