Common use of Joint Study Committee Regarding Retiree Medical Plan Clause in Contracts

Joint Study Committee Regarding Retiree Medical Plan. Beginning no later than July 1, 2009, the parties will conduct a joint study in a concerted effort to address the following: (a) The three issues stated above; (b) Determining the appropriate level of contributions and potential recurring funding sources; (c) Evaluating benefit redesigns that could generate savings or reduce the unfunded liability, including medical plans with favorable premium pricing, blending rates for retirees and actives, increasing the deductibles and co-pays for retirees, fully integrating Medicare benefits for Medicare eligible retirees, and establishing a defined contribution plan; (d) Evaluating the appropriate legal vehicles for holding and investing contributions, including a retiree medical trust; (e) Designing a governance structure for any legal vehicle that includes employee representation and that will be responsible for the plan’s administration, the determination of benefit levels for individual or pooled accounts, the investment of the funds, and the employment of actuarial, legal and accounting staff; (f) Conducting the appropriate actuarial analyses needed by the study group; (g) Conducting the appropriate legal analyses needed by the study group; (h) Evaluating whether non-Health Eligible employees should be included in the plan with segregated benefits, or should remain in a plan separate from Health Eligible employees; and (i) Evaluating the connection between medical benefits for current employees and the cost of benefits for current retirees; and (j) Monitoring any relevant changes in medical care due to federal or state reforms. The Joint Study Committee shall be composed of three representatives appointed by each party, with additional guests or participants being included by agreement when their special expertise is needed. The Committee shall complete a written report to the City and MEA by no later that February 1, 2010. In lieu of the above Joint Study Committee, MEA may opt to participate in a joint study on this subject with the City and other City Employee Unions on terms acceptable to MEA and the City.

Joint Study Committee Regarding Retiree Medical Plan. Beginning no later than July 1, 2009, the parties will conduct a joint study in a concerted effort to address the following: (a) The three issues stated above; (b) Determining the appropriate level of contributions and potential recurring funding sources; (c) Evaluating benefit redesigns that could generate savings or reduce the unfunded liability, including medical plans with favorable premium pricing, blending rates for retirees and actives, increasing the deductibles and co-pays for retirees, fully integrating Medicare benefits for Medicare eligible retirees, and establishing a defined contribution plan; (d) Evaluating the appropriate legal vehicles for holding and investing contributions, including a retiree medical trust; (e) Designing a governance structure for any legal vehicle that includes employee representation and that will be responsible for the plan’s administration, the determination of benefit levels for individual or pooled accounts, the investment of the funds, and the employment of actuarial, legal and accounting staff; (f) Conducting the appropriate actuarial analyses needed by the study group; (g) Conducting the appropriate legal analyses needed by the study group; (h) Evaluating whether non-Health Eligible employees should be included in the plan with segregated benefits, or should remain in a plan separate from Health Eligible employees; and (i) Evaluating the connection between medical benefits for current employees and the cost of benefits for current retirees; and (j) Monitoring any relevant changes in medical care due to federal or state reforms. The Joint Study Committee shall be composed of three representatives appointed by each party, with additional guests or participants being included by agreement when their special expertise is needed. The Committee shall complete a written report to the City and MEA DCAA by no later that than February 1, 2010. In lieu of the above Joint Study Committee, MEA DCAA may opt to participate in a joint study on this subject with the City and other City Employee Unions on terms acceptable to MEA DCAA and the City.

Joint Study Committee Regarding Retiree Medical Plan. Beginning no later than July 1, 2009, the parties will conduct a joint study in a concerted effort to address the following: (a) a. The three issues stated above; (b) b. Determining the appropriate level of contributions and potential recurring funding sources; (c) c. Evaluating benefit redesigns that could generate savings or reduce the unfunded liability, including medical plans with favorable premium pricing, blending rates for retirees and actives, increasing the deductibles and co-pays for retirees, fully integrating Medicare benefits for Medicare eligible retirees, and establishing a defined contribution plan; (d) d. Evaluating the appropriate legal vehicles for holding and investing contributions, including a retiree medical trust; (e) e. Designing a governance structure for any legal vehicle that includes employee representation and that will be responsible for the plan’s administration, the determination of benefit levels for individual or pooled accounts, the investment of the funds, and the employment of actuarial, legal and accounting staff; (f) f. Conducting the appropriate actuarial analyses needed by the study group; (g) g. Conducting the appropriate legal analyses needed by the study group; (h) h. Evaluating whether non-Health Eligible employees should be included in the plan with segregated benefits, or should remain in a plan separate from Health Eligible employees; and (i) i. Evaluating the connection between medical benefits for current employees and the cost of benefits for current retirees; and (j) j. Monitoring any relevant changes in medical care due to federal or state reforms. The Joint Study Committee shall be composed of three representatives appointed by each party, with additional guests or participants being included by agreement when their special expertise is needed. The Committee shall complete a written report to the City and MEA Local 145 by no later that than February 1, 2010. In lieu of the above Joint Study Committee, MEA Local 145 may opt to participate in a joint study on this subject with the City and other City Employee Unions on terms acceptable to MEA Local 145 and the City.