Health Care Savings Plan (HCSP. Supervisors who separate from State service with twenty (20) or more years of continuous State service and eligible to receive severance pay;
Health Care Savings Plan (HCSP. An employee who retires under the terms of this Agreement, and who has completed fifteen (15) years of service in the District and reached the age of 55, shall receive a one-time payment of $2,500 to the employee’s HCSP account. An employee who retires under the terms of this Agreement, and who has completed thirty (30) years of service in the District and reached the age of 55, shall receive a one-time payment of $5,000 to the employee’s HCSP account. To be eligible for payment, the employee must provide a written resignation at least ninety (90) work days prior to his/her intended retirement date.
Health Care Savings Plan (HCSP. The District’s HCSP contribution of $1,000 for Year One and $1,000 for Year Two of the contract shall be paid on the first pay day of each fiscal year or upon contract ratification. The contribution for individuals not covered under an employer sponsored group medical plan will be applied to a post-employment account within the HCSP. Such post-employment account may be used only to reimburse eligible expenses incurred while the individual is not an employee of the District (i.e., after the individual’s employment with the District has terminated). An individual who is enrolled in another employer’s group medical plan must provide information to the District regarding that coverage as a condition of receiving contributions to a HCSP account that is not restricted to post-employment expenses. In addition, the District will pay the monthly administrative fee charged by the carrier for active employees.
Health Care Savings Plan (HCSP. The District shall contribute $25.00 per month of the contract toward a health care savings plan for current mechanic employee’s participating in the District sponsored deductible health insurance plan. In addition, the District will pay the monthly administrative fee charged by the carrier.
Health Care Savings Plan (HCSP for Employees who Opt out of ERHIP or those Employees hired by the EMPLOYER after January 1, 2008.
Health Care Savings Plan (HCSP. An employee hired after July 1, 2020 is not eligible for this section. An employee who retires under the terms of this Agreement, and who has completed fifteen (15) years of service in the District and reached the age of 55, shall receive a one-time payment of $2,500 to the employee’s HCSP account. An employee who retires under the terms of this Agreement, and who has completed thirty (30) years of service in the District and reached the age of 55, shall receive a one-time payment of $5,000 to the employee’s HCSP account. To be eligible for payment, the employee must provide a written resignation at least ninety (90) calendar days prior to his/her intended retirement date.
Health Care Savings Plan (HCSP. Section 1. The State of MN HCSP is an employer sponsored program that allows employees to save into a tax-free account to pay medical expenses and/or health insurance premiums after termination for public service.
Health Care Savings Plan (HCSP for employees hired before January 1, 2008, who do not Opt-out of ERHIP pursuant to Section 1, Subdivision 3 above, and are covered by PERA’s coordinated Plan, Minn. Stat. §353.01.
Health Care Savings Plan (HCSP payee (not covered by MSRS pension plan)
Health Care Savings Plan (HCSP. Section 8.1 To be eligible to receive the Health Care Savings Plan benefits, an employee must be immediately eligible for a Minnesota pension plan at separation of service and have completed fifteen (15) years of service to the School District and is eligible to receive the Health Care Savings Plan (HCSP) benefits through the Minnesota State Retirement System (MSRS) in accordance with the following provisions.
