[Adopted 2-5-1990 by L.L. No. 1-1990]
As used in this article, the following terms shall have the
meaning indicated:
Shall be defined pursuant to § 27-1 of this chapter, except shall not include any uncompensated person and shall not include any former employee, his estate, or judicially appointed personal representative.
Any employee, by virtue of his employment, who is entitled to
receive health insurance coverage under the health insurance plan
provided by the Village of Hilton as an incident of employment by
the Village and who opts not to be covered under such health insurance
plan, shall be entitled to receive an annual cash payment in an amount
to be established from time to time by resolution of the Village Board,
but in no event shall exceed the cost the Village would have incurred
on behalf of the employee in providing such health insurance coverage
had the employee opted to be covered under said health insurance plan.
Such cash payment shall be made to the employee at a time determined
by resolution of the Village Board, but in no event less than one
time per fiscal year.
