Sentences with phrase «employee share premium»

The split dollar plan is one of the incentive programs whereby the employer and the employee share the premium payments, or the employer pays the entire premium to buy insurance on the employee's life.

it is basically company paid premium with a higher deductible vs. company paid deductible but employee shared premium.

Not exact matches

That's only if the company has at least one full - time employee eligible for a premium assistance tax credit or cost - sharing reduction created by the legislation - and analysts say that eligibility isn't an easy thing to judge, meaning all larger employers could face the responsibility come tax - time.

(The employee share of that premium bill rose 78 % over the same time.)

Non-owner employees don't have to meet that burden, nor do they need to fund the employer's share of CPP premiums for themselves or forfeit EI coverage.

The benefits are offered in addition to shared benefits for which the employer and the employee contribute toward the premium.

Even the employer share of increased premiums will mostly be shifted over time to employees via lower monetary compensation, as indicated by empirical studies.

Share: Links to blog posts and premium content, informative videos and slideshares, company news or «behind the scenes» information (ex: an addition to your staff, an office redesign, wishing an employee a happy birthday, etc), and anything else that would be interesting or valuable to your buyer personas, while genuinely showcasing your company personality.

The contract comes about seven months after New York's second - largest state worker union, the white collar Public Employees Federation, reached its own three - year deal with 2 percent annual raises, no increases in negotiated health - care premium sharing and no givebacks.

* $ 340 million by requiring state employees who retire early to pay a larger share of health - insurance premiums.

ALBANY, NY (12/28/2011)(readMedia)-- A coalition of CSEA, PEF, UUP, NYSCOPBA, NYSTPBA, NYSPIA, and AFSCME Council 82, unions representing virtually all of New York State employees have filed lawsuits in federal court challenging the Cuomo Administration's unilateral increase in the percentage of health insurance contributions required of state retirees.The legal challenge applies to changes made by the administration this fall and covers state employees who have retired and seen their share of health insurance premium increase beyond the level at which they retired.

While their tentative contract with the state includes assurances against paying a higher share of health insurance costs, Public Employees Federation members will have to wait a bit longer to find out how much the coming year's health insurance premiums will be.

Contract negotiations also led to more work - rule efficiencies, additional sick leave, more health plan options, higher health insurance opt - out payments and increased health insurance premium sharing, with contributions capped at $ 6,000 for active employees and $ 8,000 for retirees.

The Institute of Food and Agricultural Sciences at the University of Florida may pay the employer's share of premiums to the Federal Health Benefits Insurance Program from its appropriated budget for any cooperative extension employee of the institute having both state and federal appointments and participating in the Federal Civil Service Retirement System.

The employee association and district also agreed to share the cost of a 7 percent increase in health insurance premiums.

Affordability: An employer - sponsored plan is affordable if the employee's share of the annual premium for the lowest cost self - only plan (LCSOP) that meets the minimum value standard is less than 9.66 % of individual's annual household income in 2016.

Some will simply opt for the C shares & never worry about a premium — fortunately, further share buybacks will target C shares, but conversely they're also Alphabet's currency for employee compensation & potential acquisitions.

When your annuity payments begin, if you had Federal Employees Health Benefits (FEHB) coverage for the 5 years of service immediately before you separated, you will again have the opportunity to enroll in a health benefits plan under the regular FEHB program, and OPM will pay the Government share of the premium.

The Ontario Court of Appeal found that the Employment Insurance Act provisions at play are employment related under section 48 (12 (j) of the Labour Relations Act, since under the scheme of the Employment Insurance Premium Reduction Program, the employer is obliged to remit to employees a share of the premium reduction in the form of cash or enhanced benefits.

Generally, the employer is reimbursed for its share of premium payments out of cash value or death proceeds, while the employee's beneficiaries receive the rest of the proceeds.

Split Dollar Plan: An arrangement in which two parties, usually an employer and employee, jointly purchase the policy, pay premiums and share in the policy's benefits.

The employees» share of premiums are withheld pre-tax and employers do not have to pay payroll taxes on the withheld amounts.

Small business owners can setup a Section 125 plan so that employees can pay for their share of health insurance premiums pre-tax.

Monthly premiums are typically shared between the employer and employees, and dependents can usually be added to the policy as well.

When your annuity payments begin, if you had Federal Employees Health Benefits (FEHB) coverage for the 5 years of service immediately before you separated, you will again have the opportunity to enroll in a health benefits plan under the regular FEHB program, and OPM will pay the Government share of the premium.

Split dollar insurance: An arrangement between two people (often an employer and an employee) where life insurance is written on the life of one who also names the beneficiary of the net death benefits (death benefits less cash value), and the other is assigned the cash value (or equivalent amount of death benefits), with both sharing the premium payments (usually the noninsured paying a portion equal to the increase in cash value each year and the insured paying the balance of the annual premium).

Apart from being cheap, premiums are usually paid by the employer or shared by both the employer in employee.

An employer and employee may pay an equal share of the premiums or they may decide to pay a larger portion of them.