FLEXIBLE BENEFITS PROGRAM Sample Clauses
The Flexible Benefits Program clause establishes an arrangement where employees can select from a range of benefit options to tailor their compensation package to their individual needs. Typically, this program allows employees to allocate a set amount of employer-provided funds among various benefits such as health insurance, dental coverage, retirement plans, or other perks. By offering flexibility and choice, this clause ensures that employees can optimize their benefits according to personal circumstances, thereby increasing satisfaction and potentially improving retention.
FLEXIBLE BENEFITS PROGRAM. All employees covered by this agreement are eligible to participate in CMU Choices, the University's Flexible Benefit Program.
FLEXIBLE BENEFITS PROGRAM. 25.1 Employees represented by the CPOA will participate in a flexible benefits program that includes medical insurance, dental insurance, vision insurance, AD&D insurance and flexible spending accounts (FSAs). Each of these components is outlined below.
FLEXIBLE BENEFITS PROGRAM. 135. The Court shall contribute the biweekly amount listed below for each represented employee, toward participation in the flexible benefit program. Continuing from Side letter: $1,299.00 Effective 1/1/2023: $1,325.00 Effective 1/1/2024: $1,405.00 Effective 1/1/25: $1,490.00 Effective 1/1/26: $1,565.00 136. Employees would be required to participate in employee health care or demonstrate to the satisfaction of the Health Service System, that they are carried as a dependent on another plan for the duration of the plan year.
FLEXIBLE BENEFITS PROGRAM. During the term of this MOU, the City will provide benefits in accordance with the Civilian Modified Flexible Benefits Program (“Flex Program”) and any modifications thereto as recommended by the Joint Labor-Management Benefits Committee (“JLMBC”) and approved by the City Council. During the term of this MOU, the City agrees that it will not unilaterally impose a reduction in plan design or benefits for any benefit plan applicable to employees covered by this MOU. Nothing in this MOU, however, shall prevent the parties from jointly reaching agreement on plan design or benefits applicable to employees covered by this MOU. Additionally, nothing in this MOU constitutes a waiver by the Union or the City with respect to making changes to plan design or benefits. If there are any discrepancies between the benefits described herein and the Flex Program approved by the JLMBC, the Flex Program benefits will take precedence.
FLEXIBLE BENEFITS PROGRAM. OP45-1 All employees covered by this agreement are eligible to participate in CMU Choices, the University’s Flexible Benefit Program, or under another plan providing comparable benefits if mutually agreed to between the University and the Union’s representatives. OP45-2 In CMU Choices, each employee will have the opportunity upon hire to select from the current options. An annual open enrollment period will be held to afford employees the opportunity to change their selections. Employees may make changes during the year if they have a benefits status change (e.g., birth, death, marriage, adoption, etc.). These status changes must be made in the Benefits and Wellness Office within thirty (30) calendar days of the event. Status changes must be made on a prospective basis except for those relating to birth, adoption or placement for adoption. OP45-3 Employees are eligible for medical/prescription drug, dental, flexible spending account, health savings account, life insurance/accidental death & dismemberment, long-term disability, short- term disability and dependent life insurance/accidental death & dismemberment immediately on date of hire. All benefits terminate on the last day of employment OP45-4 Employees will not be allowed to carry duplicate health coverage (medical/prescription drug, dental and vision) for themselves, their spouse or their dependents through the University. OP45-5 An employee whose spouse is also employed by the University will not be permitted to combine their respective University contribution for the purchase of higher cost benefits. OP45-6 If the employee’s spouse does not work at the University and the spouse’s employer offers medical/prescription drug and dental insurance coverage, the spouse must sign up for insurance coverage (at least single subscriber) with their employer before they can be covered on University policies. OP45-7 Employees whose regular appointment is for less than twelve (12) months will be considered part-time employees, even if they work forty (40) hours per week. As part-time employees, they will be eligible for a reduced contribution for health insurance and will not receive any University contribution for dental insurance. They will receive the University contribution for all twelve (12) months as long as they remain employed by the University. OP45-9 Refer to Appendix “C” for examples of benefits available under the current CMU Choices program. Additional details are available on the University’s Benef...
FLEXIBLE BENEFITS PROGRAM. This gives you the opportunity to choose from a variety of options creating a customized benefits package. The following benefits are part of the program. In each of these areas, you are offered a range of options so you may choose the ones that make the most sense for your personal situation. · Medical · Dental · Life & AD&D Insurance · Long-term Disability · Health Care and Dependent Care Flexible Spending Accounts (FSAs) In addition to these flexible benefits, Quaker also offers the following benefit plans: · Retirement Savings Plan (401K)
FLEXIBLE BENEFITS PROGRAM. The Board will provide a flexible benefits program that offers choices among the benefit plans described in the paragraphs below. This program was in effect on February 1, 2001.
FLEXIBLE BENEFITS PROGRAM. §1 The Hospital shall continue to offer full-time and part-time employees with regularly scheduled hours of forty (40) or more per pay period the opportunity to participate in the Care New England Hospital Flexible Benefits Program (“CNE Flexible Benefit Plan”), the benefits of which are generally described in Articles 38 through 42. The ability of the employee to select benefits levels will be governed by the plan.
FLEXIBLE BENEFITS PROGRAM. Sec. 701 PLAN OPTIONS: Employees covered by this Agreement may elect to participate in the "County of Ventura Flexible Benefits Program" (hereinafter referred to as the Flexible Benefits Program) as set forth in the plan document for that program including all applicable supplements. The County’s Flexible Benefits Program health insurance options include any health insurance plan or plans designated by VCDSA. All individuals covered by this Agreement and their eligible dependents shall be required to participate in the plan or plans designated by VCDSA, except that employees may continue to elect to “opt out” as provided by the Flexible Benefits Program. Any charges applicable to employees who participate in the Flexible Benefits Program, including but not limited to administrative fees and costs resulting because of a significant reduction in the number of employees who elect to “opt out”, shall be shared by all employees covered by this Agreement on an equal, pro rata basis with the other employees participating in the Flexible Benefits Program. In the event that benefits are “carved out” of the County sponsored health plans, VCDSA represented employees shall not be charged for such benefits unless the parties agree that those benefits will be available to VCDSA represented employees. Sec. 702 COUNTY CONTRIBUTIONS:
FLEXIBLE BENEFITS PROGRAM. Employees represented by the CFA, Inc. will participate in a flexible benefits program which includes medical insurance, dental insurance, vision insurance, accidental death and dismemberment insurance (AD&D) and flexible spending accounts (FSAs). Each of these components is outlined below.