OAPSE, AFSCME, AFL-CIO, Local No. 039 Agreement

ARTICLE 21 – Insurance

21.1 –

  1. Insurance
    1. Section 125 Cafeteria Plan.

      The Board will implement a "cafeteria plan" following guidelines of the Internal Revenue Code Section 125. Dates for election of coverage shall be determined by the Board.

    2. Health Insurance.

      The Board shall contribute to the cost of the following total insurance premium coverages for medical, dental, life insurance and/or optical:

      Option 1 – 95% (94% effective July 1, 2004) of the total premium for single coverage when the bargaining unit member elects to participate in single medical, single or family dental, and life insurance.

      Option 2 – 91% (90% effective July 1, 2004) of the total premium for single coverage when the bargaining unit member elects to participate in single medical, single optical, single or family dental and life insurance.

      Option 3 – 81% (80% effective July 1, 2004) of the total premium for family coverage when the bargaining unit member elects to participate in family medical, family or single dental, family optical and life insurance. The Board, in its sole discretion, may determine or change the plan and benefits level, after meeting and conferring with the Union, to the same level as the plan available to a majority of Olentangy employees.

  1. Term Life Insurance

    Term life insurance for each bargaining unit member will be available on the following basis:

    Salary on Adopted Salary Schedule Amount of Term Life Insurance
    Up to – $20,000 $30,000
    $20,001 – $30,000 $40,000
    30,001 – and above $50,000
  2. Liability Insurance

    The Board will furnish Liability Insurance for bargaining unit members as provided under the Board's Liability insurance policy.

21.2 – School Employees Retirement System (SERS) Pick-Up

Board "pick-up" of a unit member’s share of SERS contributions shall continue at the rate of bargaining unit member contribution established by SERS. The "pick-up" will be at no cost to the Board and is solely for the purpose of reducing current tax for unit members. The "pick-up" will remain in effect so long as Revenue Rating Ruling No. 770462 remains unchanged. Unit members are individually responsible for reviewing the relationship between the "pick-up" and their other tax deferral arrangements, if any.