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Plan Costs
Members of B & C of the Plan pay the full cost of the benefits provided. There are no employer contributions. Contributions are made by payroll deduction and forwarded by your employer to the Plan Administrator.
Member Contributions - PARTs B&C
The required contribution rates are a percentage of your actual gross earnings. A table showing the current required contributions for Regular and Temporary Employee Members, at various earnings levels follows:
PARTs B & C Member Contribution Per Pay Period (26 per Year)
Earnings
Per Pay Period |
Regular
1.5% |
Temporary
1.0% |
$1,500 |
$22.50 |
$15.00 |
1,800 |
27.00 |
18.00 |
2,000 |
30.00 |
20.00 |
Contributions During a Leave of Absence
You are required to continue your contributions during any unpaid leave of absence (LOA) in order to maintain your coverage.
Your employer or the Plan Administration Office will advise you of the amount you are required to pay during a LOA.
Note: If you do not pay the required contributions, your coverage lapses and you will be required to provide satisfactory medical evidence of insurability before rejoining the Plan.
Contributions While Disabled
If you become disabled under the terms of the Plan, all of your contributions will be waived and payroll deductions will stop as soon as your earnings stop being paid by your employer. No further contributions are required and your coverage continues as long as you remain disabled and an employee of the Company under the terms of the Plan. |
