Monthly Health Care Savings Plan Contribution. In addition to the Monthly Pay prescribed elsewhere in this contract, and effective January 1, 2008, any full time and permanent Employee shall receive, monthly, an amount equal to one percent (1%) of his/her basic Monthly Pay deposited into a post employment health care savings plan account, known as the Minnesota Health Care Savings Plan, administered by the Minnesota State Retirement System, established by the Employer in the name of the Employee. Such deposit shall be computed to the nearest dollar per month.
Monthly Health Care Savings Plan Contribution for Employees hired 24398 DocuSign Envelope ID: 9AAEF1A9-E284-4A7B-879D-10038079890E before January 1, 2006. In addition to the Monthly Pay prescribed elsewhere in this contract, and effective January 1, 2008, any full time and permanent Employee shall receive an amount equal to one percent(1%) of their basic Monthly Pay deposited into a post employment health care savings plan account, known as the Minnesota Health Care Savings Plan, administered by the Minnesota State Retirement System, established by the Employer in the name of the Employee.
Monthly Health Care Savings Plan Contribution. In addition to the monthly pay prescribed elsewhere in this contract, and effective January 1, 2008, any full time and permanent employee shall receive, monthly, an amount equal to one percent (1%) of his/her basic monthly pay deposited into a post employment health care savings plan account, known as the Minnesota Health Care Savings Plan, administered by the Minnesota State Retirement System, established by the Employer in the name of the employee. Such deposit shall be computed to the nearest dollar per month. Effective January 1, 2009, and only for fulltime and permanent employees hired on or after January 1, 2007, said amount shall be increased to one and one-quarter percent (1 ¼ %). Effective January 1, 2016, and only for fulltime and permanent Employees hired on or after January 1, 2007, said amount shall be increased to two and three-quarters percent (2.75%).
Monthly Health Care Savings Plan Contribution
