Wage Premium in Lieu of Benefits. In lieu of Annual Leave, Sick Leave, Health, Life, Long Term Disability, Accidental Death and Dismemberment and Dental insurance benefits, full-time (1.0 FTE) and part-time nurses (0.1 – 0.9 FTE) may elect a fifteen percent (15%) wage premium. Premium paid nurses shall accrue seniority but shall not be eligible for the above-listed benefits provided for in this Agreement. This election must occur annually on dates designated in advance by the Hospital. For nurses who hold a .5 FTE or above, benefits may only be waived, providing the nurse presents the Employer with written evidence that the nurse is covered by health insurance elsewhere, and providing the application for enrollment is approved by the insurance carrier. Nurses will be given advance notice of the enrollment dates. After the decision to receive either compensation plus benefits or compensation plus premium pay in lieu of benefits has been made by the nurse, no change in that compensation status will be allowed except as provided herein. Nurses electing this Premium In Lieu of Benefits may be required to participate in certain benefits at their own expense if currently a plan requirement that all eligible employees participate (.8 FTE for Life and .6 FTE for LTD Insurance).
Appears in 3 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
Wage Premium in Lieu of Benefits. In lieu of Annual Leave, Sick LeaveLeave (except paid sick leave required by law), Health, Life, Long Term Disability, Accidental Death and Dismemberment and Dental insurance benefits, full-time (1.0 FTEsee Section 5.3) and part-time nurses (0.1 – 0.9 FTEsee Section 5.4) may elect a fifteen percent (15%) wage premium. Premium paid nurses shall accrue seniority but shall not be eligible for the above-listed benefits provided for in this Agreement. This election must occur annually on dates designated in advance by the Hospital. For nurses who hold a .5 0.5 FTE or above, benefits may only be waived, providing the nurse presents the Employer with written evidence that the nurse is covered by health insurance elsewhere, and providing the application for enrollment is approved by the insurance carrier. Nurses will be given advance notice of the enrollment dates. After the decision to receive either compensation plus benefits or compensation plus premium pay in lieu of benefits has been made by the nurse, no change in that compensation status will be allowed except as provided herein. Nurses electing this Premium In Lieu of Benefits may be required to participate in certain benefits at their own expense if currently a plan requirement that all eligible employees participate (.8 0.8 FTE for Life and .6 0.6 FTE for LTD Insurance).
Appears in 1 contract
Sources: Collective Bargaining Agreement