Fringe Benefit Contribution Sample Clauses

A Fringe Benefit Contribution clause defines the employer's obligation to provide additional compensation or benefits to employees beyond their regular wages, such as health insurance, retirement plan contributions, or other perks. This clause typically specifies the types of benefits covered, the amount or percentage of contributions, and the frequency of payments. Its core practical function is to ensure that employees receive agreed-upon non-wage benefits, promoting fairness and compliance with employment agreements or legal requirements.
Fringe Benefit Contribution. ‌ A. Health, Dental, and Vision Contributions 1. The City will maintain an IRS Code Section 125 qualifying Cafeteria Plan to allow employees to pay for pre-tax medical, dental and vision benefits.
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Fringe Benefit Contribution. JOURNEYPERSON APPRENTICE 1st Year 2nd Year 3rd Year DC 51 FTI $ 0.50 $ 0.50 $ 0.50 $ 0.50 ULLICO Life and AD&D Fund $ 0.16 $ 0.16 $ 0.16 $ 0.16 IUPAT FTI $ 0.10 $ 0.10 $ 0.10 $ 0.10 LMP $ 0.05 $ 0.05 $ 0.05 $ 0.05 DC51 LMF $ 0.05 $ 0.05 $ 0.05 $ 0.05 Vaction Fund $ 2.00 $ 2.00 $ 2.00 $ 2.00 DMV Association $ 0.25 $ 0.25 $ 0.25 $ 0.25 NSPCA $ 0.05 $ 0.05 $ 0.05 $ 0.05 TOTAL $ 3.16 $ 3.16 $ 3.16 $
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Fringe Benefit Contribution. A. Medical, Dental, and Vision Contributions Full-time active employees shall be entitled to a monthly fringe benefit contribution, inclusive of the amount in Section 6.01, to purchase medical, dental and vision insurance. All changes are effective the first paycheck in January. Benefit Benefit Status January 2013 January 2014 January 2015 January 2016 Medical Waived Coverage on or after September 1, 2004 (includes all new employees) $400 $420 $420 $420 Waived Coverage on or before September 1, 2004 $465 $485 $485 $485 Single Coverage $636 $675 $720 $765 Two-party Coverage $797 $890 $990 $1090 Family Coverage $977 $1100 $1230 $1380 B. Enrollment Requirements 1. Eligible employees are required to enroll in a medical plan. Employees may waive enrollment in a City medical plan if they provide proof of alternate group coverage. Employees who waive or enroll in a medical plan that costs less than the medical contribution in Section 6.02(A) may use the excess amounts toward the purchase of dental and/or vision insurance or receive the excess amount in cash. 2. Eligible employees may enroll in a City dental plan. Employees who do not enroll in a City dental plan are not eligible to receive the contribution toward premiums for the basic dental plans referenced in Section 6.02(A). 3. Eligible employees may enroll in a City vision plan. Employees who do not enroll in a City vision plan are not eligible to receive the contribution toward the premium for the basic vision plan referenced in Section 6.02(A).
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Fringe Benefit Contribution i. All Police Management Association (hereinafter “Association”) employees must enroll in one of the PERS health program plans, unless they submit to the City both (1) proof of health coverage and (2) sign a health insurance waiver. Employees who fail to complete both requirements shall not be allowed to utilize their cafeteria plan contributions for any other eligible plans. ii. Association employees shall be provided the following cafeteria amounts each month: Employee only: $465; Employee + One Dependent: $925; Full Family: $1,200. iii. An Association employee who selects the option of not enrolling in one of the PERS plans and who meets the conditions outlined in subsection A above, shall receive a $200.00 per month credit either payable in cash or contributed to the employee's account with the City's deferred compensation plan. This credit shall be provided to such employee once a year in the month of December.
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Fringe Benefit Contribution. A. Health, Dental, and Vision Contributions
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Fringe Benefit Contribution. Effective January 1, 2019, in the event that the portion of the insurance allocation set out in Article XV, Section 3 which is used to pay for health insurance, exceeds by more than 5% the sum of the monthly premium, the District will pay such increase not to exceed $50 per month. This language will sunset on June 30, 2020.
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Fringe Benefit Contribution i. All Police Management Association (hereinafter “Association”) employees must enroll in one of the PERS health program plans, unless they submit to the City both (1) proof of health coverage and (2) sign a health insurance waiver. Employees who fail to complete both requirements shall not be allowed to utilize their cafeteria plan contributions for any other eligible plans. ii. Association employees shall be provided the following cafeteria amounts each month: Employee only: $465; Employee + One Dependent: $925; Full Family: $1,200. iii. An Association employee who selects the option of not enrolling in one of the PERS plans and who meets the conditions outlined in subsection A above, shall receive a $200.00 per month credit either payable in cash or contributed to the employee's account with the City's deferred compensation plan. This credit shall be provided to such employee once a year in the month of December. iv. During fiscal year 2010-11, the Association may request that the City meet and confer in good faith on the City’s cafeteria contribution if the most recent preceding average increase for the PERS Health Plan (Public Employees’ Medical and Hospital Care Act; “PEMHCA”) is more than 5% as announced by PERS.
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Fringe Benefit Contribution 
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Related to Fringe Benefit Contribution

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • Compensation/Benefit Programs During the Term of Employment, the Executive shall be entitled to participate in all medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans, and any and all other plans as are presently and hereinafter offered by the Company to its executive personnel, including savings, pension, profit-sharing and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans.

  • Fringe Benefit The benefits provided by this Agreement are granted by the Employer as a fringe benefit to the Executive and are not a part of any salary reduction plan or any arrangement deferring a bonus or a salary increase. The Executive has no option to take any current payments or bonus in lieu of the benefits provided by this Agreement.

  • 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.

  • Retirement, Welfare and Fringe Benefits During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time.