Common use of Opt-Out of Retiree Medical Grant and Transition to a Health Reimbursement Clause in Contracts

Opt-Out of Retiree Medical Grant and Transition to a Health Reimbursement. Arrangement (HRA) Effective June 16, 2023, employees who choose to opt out of the Retiree Medical Xxxxx shall receive a value for their grant of $855.00 for each full year of qualified service contributed to the employee’s HRA. The opt-out value will not be limited to a 25-year cap.

Opt-Out of Retiree Medical Grant and Transition to a Health Reimbursement. Arrangement (HRA) Effective June 16, 2023, employees who choose to opt out of the Retiree Medical Xxxxx Grant shall receive a value for their grant of $855.00 for each full year of qualified service contributed to the employee’s HRA. The opt-out value will not be limited to a 25-year cap.