Common use of Employee Contribution Toward Retiree Medical Obligation Unfunded Liability Clause in Contracts

Employee Contribution Toward Retiree Medical Obligation Unfunded Liability. Effective pay period 16/11, May 9, 2016, all coded employees shall contribute on a biweekly basis thirteen dollars and fifty cents ($13.50) toward the retiree medical obligation unfunded liability. Such contributions are to be made on a pre-tax basis, and employees shall have no vested right to the contributions made by the employees. Such contributions shall be used by the County exclusively to offset a portion of the County’s annual required contribution amount to the California Employers Retirement Benefit Trust established for the express purpose of meeting the County’s other post-employment benefits (OPEB) obligations and shall not be used for any other purpose.

Employee Contribution Toward Retiree Medical Obligation Unfunded Liability. Effective pay period 16/11October 13, May 9, 20162014, all coded employees shall contribute on a biweekly basis thirteen an amount to ten dollars and fifty cents ($13.5010.00) toward of the lowest cost early retiree medical obligation unfunded liabilitypremium. Effective October 26, 2015, all coded employees shall contribute on a biweekly basis twelve dollars ($12.00) of the lowest cost early retiree premium. Such contributions are to be made on a prean after-tax basis, basis and employees shall have no vested right to the contributions made by the employees. Such contributions shall be used by the County exclusively to offset a portion of the County’s annual required contribution amount to the California Employers Retirement Benefit Trust established for the express purpose of meeting the County’s other post-employment benefits (OPEB) obligations and shall not be used for any other purpose.

Employee Contribution Toward Retiree Medical Obligation Unfunded Liability. (OPEB) Effective September 1, 2014 (pay period 16/1114/19), May 9OPEB contributions will be suspended. Beginning March 23, 20162020 August 31, all coded 2015 (pay period 15/19), employees shall contribute $15.0013.50 on a biweekly basis thirteen dollars and fifty cents ($13.50) toward the lowest cost early retiree medical obligation unfunded liabilitypremium rate. Such contributions are to be made on a pre-tax basis, and employees shall have no vested right to the contributions made by the employees. Such contributions shall be used by the County exclusively to offset a portion of the County’s annual required contribution amount to the California Employers Retirement Benefit Trust established for the express purpose of meeting the County’s other post-post- employment benefits (OPEB) obligations and shall not be used for any other purpose.

Employee Contribution Toward Retiree Medical Obligation Unfunded Liability. (OPEB) Effective September 1, 2014 (pay period 16/1114/19), May 9OPEB contributions will be suspended. Beginning August 31, 20162015 (pay period 15/19), all coded employees shall contribute $13.50 on a biweekly basis thirteen dollars and fifty cents ($13.50) toward the lowest cost early retiree medical obligation unfunded liabilitypremium rate. Such contributions are to be made on a pre-tax basis, and employees shall have no vested right to the contributions made by the employees. Such contributions shall be used by the County exclusively to offset a portion of the County’s annual required contribution amount to the California Employers Retirement Benefit Trust established for the express purpose of meeting the County’s other post-employment benefits (OPEB) obligations and shall not be used for any other purpose.

Employee Contribution Toward Retiree Medical Obligation Unfunded Liability. Effective pay period 16/11December 21, May 9, 2016, 2015 all coded employees shall contribute on a biweekly basis fifteen thirteen dollars and fifty cents ($13.5015.0013.50) toward the retiree medical obligation unfunded liability. Such contributions are to be made on a pre-tax basis, and employees shall have no vested right to the contributions made by the employees. Such contributions shall be used by the County exclusively to offset a portion of the County’s annual required contribution amount to the California Employers Retirement Benefit Trust established for the express purpose of meeting the County’s other post-employment benefits (OPEB) obligations and shall not be used for any other purpose.