Medical After Retirement Account (XXXX Sample Clauses

Medical After Retirement Account (XXXX. An employee who was hired on or after April 24, 2010 (the adoption of an alternate retiree medical plan for all City bargaining units), will not be eligible to participate in the Retiree Medical Insurance program described in 8.8. 1. Instead, City shall make a contribution equal to one and one-half percent (1.5%) of such an employee’s base salary toward a medical after retirement account (VEBA, or similar vehicle such as RHS plan).
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