A plan of Extended Health Care, Vision and Dental Plan shall be made available to employees on an ongoing cost sharing formula on the following basis:
1. Participation in this plan shall be a condition of employment effective September 1, 2006
2. That the Association select four (4) members to sit on the Benefit Plan Advisory Committee
3. The Association may elect to opt out of the Extended Health Care, Vision and Dental Plan by providing notice to the division thirty (30) days prior to the plan renewal date. In such an event, employee benefits shall cease effective August 31st and further, the division’s share of the premiums shall cease August 31st (but paid out June 30th). The division’s cost-share contributions shall revert to the division immediately thereafter.
As soon as the existing plan allows, the group life insurance plan will be moved to the MTS group life plan. When this switch takes place the board share of the extended health benefits plan will increase to 55%.