Maximum County Office Cost of Retiree Benefits Sample Clauses

Maximum County Office Cost of Retiree Benefits. Qualified retirees shall be entitled to the employer contribution based on the specified criteria as set forth above, not to exceed the maximum approved employer cap. If the health and welfare cost paid for all CSEA Retirees exceeds five percent (5%) of the total cost of health and welfare benefits, (i.e., medical, dental, or vision), paid for all active Fresno County Superintendent of Schools employees in any play year, (October through September), a reduction in the total cost of benefits for CSEA retirees will be implemented as noted below. 7.5.7.1 All CSEA retirees will have a prorated reduction in their County Office paid health and welfare benefits until the total cost of benefits for all CSEA retirees equals approximately five percent (5%) of the total cost of health and welfare benefits for all active Fresno County Superintendent of Schools employees. 7.5.7.2 For example, if the total cost of health and welfare benefits for Fresno County Superintendent of Schools active employees is $4,000,000.00 and the total cost of health and welfare benefits for County Office CSEA retirees is $212,500.00, the total cost of CSEA retirees benefits would be reduced by [($212,500.00) – ($4,000,000.00 x .05)] = $12,500.00. The prorated percentage that CSEA retiree benefits would be reduced by would be [($12,500.00 / $212,500.00)] = 5.88%. Therefore, a retiree receiving eighty dollars ($80.00) per month in benefits would have those benefits reduced by 5.88% or a reduction of $80 x .0588 = $4.70 / month. Therefore, the CSEA retiree would only receive $80 - $4.70 = $75.30 per month for that plan year (October through September). 7.5.7.3 Upon retirement from the Fresno County Superintendent of Schools, a former Unit Member may continue to receive the medical and hospitalization benefits portion of the program by paying the voluntary contribution in advance.
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