02-08-1999 Council Packet - Laserfiche WebLink

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Change, a Participant shall be entitled to change the Participant ’s election of benefits in a manner that is consistent with the Status Change by providing written notice thereof to the Employer, on a form prescribed by the Employer, either prior to or after the Status Change, but not later than thirty (30) days after the occurrence of the Status Change; provided, however, that a Participant may not make any change pursuant to this clause (c) that would reduce the Participant ’s level of health care reimbursement coverage under paragraph 5.2.2 to an amount that would be less than the amount of benefits claimed under such coverage as of the date the change would become effective. Any such change shall be effective for the first pay period for which the Employer can process the change, but not later than thirty (30) days after the date such Participant ’s written notice is received by the Employer. Notwithstanding the foregoing, (x) any Participant whose benefit election has been revoked for such Plan Year pursuant to Section 4.7 below shall at no time be entitled to make a new benefit election for such Plan Year, and (y) a Participant who has elected to pay for a benefit solely through after-tax payroll deductions rather than through Pay Conversion Contributions may make election changes with respect to such benefit in accordance with rules established by the Employer. If there is a change in cost of coverage for a benefit provided by an independent third party, the Employer may, on a reasonable and consistent basis, automatically adjust the Participant ’s election and automatically increase or decrease, as the case may be, all affected Participant ’s Pay Conversion Contributions. To the extent provided by the Employer on a uniform basis. If coverage under a health plan provided by an independent third party Is significantly curtailed or ceases during a Period of Coverage, affected Participants may revoke their elections under such health plan, and, in lieu thereof, elect to receive on a prospective basis coverage under another health plan with similar coverage. Section 4.6 Termination of Employment. In the event of the termination of a Participant ’s employment, the Participant ’s Pay Conversion Contributions will cease at such time as the Participant ceases to receive Compensation for employment services. To the extent permitted under Section 3.4 such a Participant may elect to continue to make contributions for benefits under this Plan other than through Pay Conversion