Individual Health Care Account. Effective January 1, 2008, The County shall contribute an amount equal to 2.4% of the employee’s regular wages each month to a tax free, tax exempt, Individual Health Care Account (i.e. VEBA account) for all regular full-time and regular part-time employees who are on paid status for eighty (80) or more hours per month and who have established eligibility under Section 2 above. The cost to the County of this benefit shall not exceed an amount equal to 2.4% of the employee’s regular wages. For the purpose of this section, an employee’s “regular wages” includes all straight time hours worked, overtime pay, vacation pay, holiday pay, and sick leave pay.
Individual Health Care Account. Effective January 1, 2008, the County shall contribute an amount equal to 2.4% of the employee’s regular wages each month to a tax free, tax exempt, Individual Health Care Account (i.e., voluntary employees' beneficiary association [VEBA] account) for all regular full time and regular part time employees who are on paid status for eighty (80) or more hours per month and who have established eligibility under Section 2 above. The cost to the County of this benefit shall not exceed an amount equal to 2.4% of the employee’s regular wages. For the purpose of this section, an employee’s “regular wages” includes all straight time hours worked, overtime pay, vacation pay, holiday pay, and sick leave pay.
Individual Health Care Account. Effective January 1, 2008,
