Hour Bank Accounting
page 2
The employee becomes eligible for coverage by accumulating the required Hours of Work Credit selected by the Participating Employer.
4. If Hour Bank credits cease to provide one (1) calendar months benefit, the remaining Hour Bank credits will be:
a) Held until the employee returns to work or
b) Refunded to the employee. Coverage will terminate.
5. Benefits will not be in effect until the employee has established enough Hour Bank credits to pay a full
months of plan premium.
6. Terminated employees' Hour Bank credits will be maintained for 12 calendar months, depending on the
carrier. If the employee begins work with another employer participating in the RJM Financial system,
the remaining accumulated hours will be transfered to the new employer's account for the benefit of that
employee.
