92-174 Ordinance - Laserfiche WebLink

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If the average cost or premium is establised to be less than $567.50 per month over the (12) twelve months specified, the employee who paid with a payroll deduction contribution shall be entitled to a refund determined by the difference between $567.50 and the actual average cost or premium times twelve (12) ;months. In no event shall the refund be greater than the employee's contribution during the period specified above. Employees who may be entitled to a refund shall receive such refund within thirty (30) days following the determination of the actual average cost for the period July 1, 1994 through June 30, 1995. All newly hired employees must have participated in the plan along with a payroll deduction during the entire period to be eligible for a refund. Any employee who changes from a single to a family plan status or vice-versa during the above period shall only be entitled to a refund calculated only by the number of months for which contribution was made. If the actual average cost or premium cost per month exceeds $567.50 per month, the additional amount shall be paid at a ratio of three-quarters (75%) by the City and one- ?-? quarter (25%) by the employee. The employee share of the cost which exceeds an average of $567.50 shall be withheld as additional payroll deduction within thirty (30) days following the determination of the actual average cost. Section 4: The employer will establish a committee consisting of (1) one representative from each of the City's bargaining units, if they choose to be represented and a minimum of (1) one representative of the employer. The bargaining units role as a participant in the aforementioned committee shall be advisory only and established for the sharing of and exchanging information, ideas and concerns relating to hospitalization. The employer reserves the right to establish all plans, enrollment periods and regulations. All changes affecting coverage or chosen providers shall be shared with the bargaining unit prior to the making of such changes. Section 5: Expected Cost or Premium is defined as the cost of all medical, hospital, prescription drug costs, and related fees. Section 6: Those employees subscribing to any other plan(s) offered that have different plan year starting and ending periods shall be subject to all terms and conditions F.: described within this Article. The only exception will be F. 27 ..? ..w...w??w. _..... ?..,7.. .. _ _ .???,._?w ......, ?..:?.. ._ ,