An employee may have an hourly contribution deposited to his Insurance Account by means of the Benefit Bank. This allows an employee to have funds available to maintain insurance coverage in the event of shortages in that account caused by layoffs, seasonal work schedules or personal insurance responsibilities.

Because insurance premiums are paid in advance, Benefit Bank contributions may occur for all employees in anticipation of participation in the insurance program when eligible. Account balances are printed on each monthly employee statement.

Flexible across industries, the Benefit Bank contribution is in addition to and separate from the calculated Employee Insurance Benefit Rate. This additional contribution is calculated at an hourly rate to maintain the Company required Insurance Account Balance, where applicable.

The Benefit Bank Contribution may be increased, as necessary and as fringes allow, to bring an Insurance Account balance positive.