Common use of Alternative Retirement Health Savings Program Clause in Contracts

Alternative Retirement Health Savings Program. i. For Employees Hired on or after July 1. 2014. Employees first hired on or after July 1, 2014 shall receive retiree medical benefits in the form of an individual account with Retirement Health Savings Program ("RHSP") selected by the City. The City shall contribute monthly an amount of money into each employee's RHSP equal to one and one-half percent (1.5%) of the employee's base monthly salary. This contribution to the RHSP for all post-July 1, 2014 hires shall be retroactive to the employee's date of hire, and all accrued contributions shall be placed in the selected RHSP for each participant. Employees hired on or after July 1, 2014 shall not participate in the retiree-annuitant portion of the PEMHCA.

Alternative Retirement Health Savings Program. i. For Employees Hired on or after July 1. 2014. Employees first hired on or after July 1, 2014 shall receive retiree medical benefits in the form of an individual account with Retirement Health Savings Program ("RHSP") selected by the City. The City shall contribute monthly an amount of money into each employee's RHSP equal to one and one-half percent (1.5%) of the employee's base monthly salary. This contribution to the RHSP for all post-July 1, 2014 hires shall be retroactive to the employee's date of hire, and all accrued contributions shall be placed in the selected RHSP for each participant. Employees hired on or after July 1, 2014 2014, shall not participate in the retiree-annuitant portion of the PEMHCA.

Alternative Retirement Health Savings Program. i. i For Employees Hired on or after July 1. , 2014. Employees first hired on or after July 1, 2014 shall receive retiree medical benefits in the form of an individual account with Retirement Health Savings Program ("“RHSP"”) selected by the City. The City shall contribute monthly an amount of money into each employee's ’s RHSP equal to one and one-half percent (1.5%) of the employee's ’s base monthly salary. This contribution to the RHSP for all post-July 1, 2014 hires shall be retroactive to the employee's ’s date of hire, and all accrued contributions shall be placed in the selected RHSP for each participant. Employees hired on or after July 1, 2014 shall not participate in the retiree-annuitant portion of the PEMHCA.