Common use of OPEB Trust Clause in Contracts

OPEB Trust. The City established a Trust with CalPERS for purposes of funding City-wide retiree health care costs. Employees will make direct contributions to the trust in the following monthly amounts: Safety employees - $100.00 per month Miscellaneous employees - $50.00 per month Tier 2 employees = Safety employees - $100.00 per month Miscellaneous employees - $50.00 per month Tier 3 employees = $0.00 (see section 6.11)

OPEB Trust. The City established a Trust with CalPERS for purposes of funding City-wide retiree health care costs. Employees will make direct contributions to the trust in the following monthly amounts: Safety Tier 1 employees - $100.00 per month Miscellaneous employees - = $50.00 per month Tier 2 employees = Safety employees - $100.00 per month Miscellaneous employees - $50.00 per month Tier 3 employees = $0.00 (see section 6.11)Employee contributions to the Trust shall be discontinued upon full funding of the City’s actuarial liability for retiree medical costs.

OPEB Trust. The City established a Trust with CalPERS for purposes of funding City-wide retiree health care costs. Employees will make direct contributions to the trust in the following monthly amounts: Safety :. • Tier 1 employees - = $100.00 600.00 (contribution rate of $23.08 per month Miscellaneous employees - $50.00 per month pay period) • Tier 2 employees = Safety employees - $100.00 600.00 (contribution rate of $23.08 per month Miscellaneous employees - $50.00 per month pay period) • Tier 3 employees = $0.00 (see section 6.1112.11)