Common use of Access to Account Balance Clause in Contracts

Access to Account Balance. (1) Participants may access the balance in their HRA account upon termination of employment and attainment of age fifty (50) or retirement from CalPERS Retirement System, whichever is earlier. (2) Participants may defer accessing the account balance to any time beyond the earliest date described in (1). (3) Amounts that remain in the account balance are available to reimburse the participant for the same permitted medical expenses for the spouse and any other dependent covered under the retiree medical plan subject to the limitations and maximums as stipulated by law, however, federal regulations at this time do not permit the inclusion of expenses for domestic partners. Should future federal regulations allow for the inclusion of domestic partners, they shall be added as eligible to this section.

Appears in 1 contract

Samples: Memorandum of Understanding

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Access to Account Balance. (1) a. Participants may access the balance in their HRA account upon termination of employment and attainment of age fifty (50) 50 or retirement from CalPERS Retirement System, whichever is earlier. (2) b. Participants may defer accessing the account balance to any time beyond the earliest date described in (1i). (3) c. Amounts that remain in the account balance are available to reimburse the participant for the same permitted medical expenses for the spouse and any other dependent covered under the retiree medical plan subject to the limitations and maximums as stipulated by law, however, federal regulations at this time do does not permit the inclusion of expenses for domestic partners. Should future federal regulations allow for the inclusion of domestic partners, they shall be added as eligible to this section.

Appears in 1 contract

Samples: Memorandum of Understanding

Access to Account Balance. (1) Participants may access the balance in their HRA account upon termination of employment and attainment of age fifty (50) or retirement from CalPERS Retirement System, whichever which is earlier. (2) Participants may defer accessing the account balance to any time beyond the earliest date described in (11(a). (3) Amounts that remain in the account balance are available to reimburse the participant for the same permitted medical expenses for the spouse and any other dependent covered under the retiree medical plan subject to the limitations and maximums as stipulated by law, however, federal regulations at this time do does not permit the inclusion of expenses for domestic partners. Should future federal regulations allow for the inclusion of domestic partners, they shall be added as eligible to this section.

Appears in 1 contract

Samples: Memorandum of Understanding

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Access to Account Balance. (1) Participants may access the balance in their HRA account upon termination of employment and attainment of age fifty (50) or retirement from CalPERS Retirement System, whichever is earlier. (2) Participants may defer accessing the account balance to any time beyond the earliest date described in (11(a). (3) Amounts that remain in the account balance are available to reimburse the participant for the same permitted medical expenses for the spouse and any other dependent covered under the retiree medical plan subject to the limitations and maximums as stipulated by law, however, federal regulations at this time do does not permit the inclusion of expenses for domestic partners. Should future federal regulations allow for the inclusion of domestic partners, they shall be added as eligible to this section.

Appears in 1 contract

Samples: Memorandum of Understanding

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