Employee Education Premium Quiz
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Questions and Answers

According to the text, employees who have completed an Associate Degree are eligible for an educational premium of 1.5% of their monthly base salary. How much would an employee with a monthly base salary of $3000 receive as an educational premium?

  • $45 (correct)
  • $75
  • $60
  • $30
  • According to the text, employees who have completed a Bachelor's Degree are eligible for an educational premium of 3% of their monthly base salary. How much would an employee with a monthly base salary of $5000 receive as an educational premium?

  • $100
  • $250
  • $150
  • $200 (correct)
  • According to the text, the District will contribute 2% per month of the employee's base pay to their deferred compensation plan. If an employee's base pay is $4000, how much will the District contribute to their deferred compensation plan each month?

  • $40
  • $200
  • $80 (correct)
  • $100
  • According to the agreement, how frequently can the contribution to the retiree health insurance be changed?

    <p>Once per calendar year</p> Signup and view all the answers

    Who is responsible for defending the district against any actions or claims brought against it for not making the required contributions?

    <p>The Union</p> Signup and view all the answers

    Under what conditions does the district have the right to terminate the agreement?

    <p>If the IRS issues a ruling or guidance contrary to the agreement</p> Signup and view all the answers

    Who controls the level of Health Care Benefits available and the conditions under which said benefits should be paid?

    <p>The insurance provider</p> Signup and view all the answers

    According to the text, when will the District and Union health care committee meet to discuss recommended benefit plan design changes to the Medical plan?

    <p>Every year</p> Signup and view all the answers

    According to the text, what happens if premiums increase more than 10% in any plan year?

    <p>The District and Union will share the cost of the increase over 10% equally</p> Signup and view all the answers

    According to the text, what is the maximum amount the employee's share can exceed for dependent health care premiums in a year?

    <p>15% of the dependent health care premiums</p> Signup and view all the answers

    According to the text, when will the District provide all available information regarding renewal rates?

    <p>By October 31 each year</p> Signup and view all the answers

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