One-Time Health Care Savings Plan Contribution. After thirty-six (36) months of continuous employment from the date of hire for any permanent full-time Employee hired on or after January 1, 2006, the Employer shall make a onetime deposit of twelve thousand dollars ($12,000) into a post-employment health care savings plan account established by the Employer in the name of the Employee. An Employee is eligible for one payment only in his or her lifetime under this Article. Said funds and accumulated interest shall be made available to the Employee as required by law.
One-Time Health Care Savings Plan Contribution. After thirty-six months of continuous employment from the date of hire, for any permanent full time Employee hired on or after January 1, 2007, the Employer shall make a one time deposit of twelve thousand dollars ($12,000) into a post employment health care savings plan account, known as the Minnesota Health Care Savings Plan, administered by the Minnesota State Retirement System, which shall be established by the Employer in the name of the Employee. An Employee is eligible for this retiree health care savings plan payment only once in their lifetime under this Article. Deposited funds and accumulated interest shall be available to the Employee as required by law.
