[SchoolFinance] Cash In Lieu

[Lisa Harkin]

ours is similar, but we have two different contracts: (to be re-negotiated
soon)
2022-2025 Unit C Contract DRAFT

The Committee will pay cash-in-lieu of health insurance benefits ($1000 for
30+ hours/week; $750 for 20+ hours/week) annually in the last pay period of
June to any employee within the unit who is eligible for but elects not to
take the District’s health insurance coverage. The election must occur no
later than May 31st for current employees (for the following contract year)
or September 1st for new employees (or within 30 days of date-of-hire). The
employee must provide written documentation that they are covered by
another employer’s Affordable Care Act-compliant health insurance which may
not be offered by the ACA’s Health Insurance Marketplace or
government-sponsored Medicaid. The payment under this provision shall be
considered taxable income and shall be subject to taxes and other
applicable withholding. The payment will be prorated in the event that the
employee does not work the full contract year.


or:

C. Cash-in-lieu of Health Insurance

   1.

   This option is available in lieu of a teacher participating in the
   health insurance program provided in this collective bargaining agreement.
   The teacher MUST provide evidence of health insurance coverage under
   another plan to qualify for this benefit. This program provides the
   opportunity for a teacher to receive a one-time only cash benefit of
   $1000.00 which is taxable income.
   2.

   Once a teacher elects to participate in this cash-in-lieu program, the
   teacher cannot rejoin the Committee’s health insurance plan except in
   the case of a bona fide reason according to the IRS’s rules and
   regulations (e.g. change in marital status, birth of child, loss of health
   insurance);
   Any teacher eligible for the one-time $1000.00 payment shall be paid in
   a separate check at the end of the school year.


On Tue, Mar 19, 2024 at 12:08 PM Krol, Gabrielle <gabrielle.krol at msad52.org>
wrote:

> Hi Natasha,
>
> Here is what is in our TTEA contract:
>
> [image: image.png]
>
> On Tue, Mar 19, 2024 at 11:58 AM Winslow, Natasha <nwinslow at rsu50.org>
> wrote:
>
>> Good Morning,
>>
>> Can anyone who offers cash in lieu for insurance and has it in their
>> contract please send me the language they use.
>>
>> Thank you,
>> Natasha
>>
>> --
>>
>>
>> *Natasha Winslow**Business Manager*
>>
>>
>> *RSU 50 <http://www.rsu50.org/>*nwinslow at rsu50.org
>>
>> *Phone:* 207.757.8223  Ext.012 | *Fax:* 207.757.8257
>>
>> *District Website: rsu50.org <http://rsu50.org/>*
>>
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>
>
>
> --
> Gabrielle Krol
> Business Manager
> MSAD 52
> 486 Turner Center Road
> Turner, ME 04282
> 207-225-1006
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-- 
Lisa Harkin
Finance Manager
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