Group HCSP. unique to this bargaining unit. Employees who, for reasons other than layoff or death, are eligible to receive severance pay, shall have fifty percent (50%) of severance pay as defined in section 1 of this Article, deposited to an MSRS health care savings account in lieu of payment in cash and fifty (50%) as payment of cash.
Appears in 2 contracts
Group HCSP. unique to this bargaining unit. Employees who, for reasons other than layoff or death, are eligible to receive severance pay, shall have fifty percent (50%) of severance pay as defined in section Section 1 of this Article, deposited to an MSRS health care savings account in lieu of payment in cash and fifty (50%) as payment of cash.in cash.
Appears in 2 contracts
Group HCSP. unique to this bargaining unit. Employees who, for reasons other than layoff or death, are eligible to receive severance pay, shall have fifty one hundred percent (50100%) of severance pay as defined in section Section 1 of this Article, deposited to an MSRS health care savings account in lieu of payment in cash and fifty (50%) as payment of cash.cash.
Appears in 2 contracts
Samples: Agreement, Hereinafter Referred, Agreement, Hereinafter Referred
