Common use of Optional Settlement 2 Death Benefit Clause in Contracts

Optional Settlement 2 Death Benefit. Effective July 1, 2003, the City shall provide the PERS Pre-Retirement Optional Settlement 2 Death Benefit. IV.B.1.a. The City shall make a monthly contribution to each eligible employee to be used toward a 125 Flex Benefit Plan. IV.B.1.b. Effective January 1, 2007, the City shall provide $522.38 per month 125 flex benefit contribution toward each full time employee, from which contribution the physical fitness program contribution (Article IV.K.

Optional Settlement 2 Death Benefit. Effective July 1, 2003, the City shall provide the PERS Pre-Retirement Optional Settlement 2 Death Benefit. IV.B.1.a. The City shall make a monthly contribution to each eligible employee to be used toward a 125 Flex Benefit PlanPlanwill contribute the statutory minimum for employees and retirees under the Public Employees’ Medical & Hospital Care Act (PEMHCA). IV.B.1.b. Effective January 1, 2007, the City shall provide $522.38 per month 125 flex benefit contribution toward each full time employee, from which contribution the physical fitness program contribution (Article IV.K.